What is Laparoscopic Devices Market Scope?
Laparoscopy is a minimally invasive technique used for performing surgeries, such as bariatric, gynecologic, and gall bladder surgery. Instruments used for minimally invasive surgeries are also unique and less invasive and called laparoscopy devices. The key instrument used is a laparoscope, a long fiber optic cable system that allows a surgeon to view the affected area with the help of a camera. The Laparoscopic devices make the procedure easy and accurate for surgeons to perform. An increase in the number of patients suffering from gall bladder problems, Crohn's diseases, ulcerative colitis, diverticulitis, and obesity are a few factors driving the global laparoscopic devices market.
The Laparoscopic Devices market study is being classified by Type (Laparoscopes, Energy Devices, Insufflators, Suction/Irrigation Systems, Access Devices, Closure Devices, Hand Instruments and Accessories), by Application (Bariatric Surgery, General Surgery, Gynecological Surgery, Urological Surgery, Colorectal Surgery, Pediatric Surgery and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from European and United States will contribute to the maximum growth of Global Laparoscopic Devices market throughout the predicted period.
Karl Storz GmbH & Co. KG (Germany), Olympus Corporation (Japan), Medtronic plc (Ireland), B. Braun Aesculap (Germany), Stryker Corporation (United States), Richard Wolf GmbH (Germany), Ethicon, Inc. (United States), Smith & Nephew plc (United Kingdom), Cook Medical Inc. (United States) and ConMed Corporation (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Laparoscopic Devices market by Type, Application and Region.
On the basis of geography, the market of Laparoscopic Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
Recently, Ethicon acquired NeuWave Medical, Inc., a medical devices company that manufactures minimally invasive soft tissue microwave ablation systems. The acquisition aims to leverage the technologies of NeuWave Medical to offer solutions for minimally invasive surgeries that can improve patient outcomes.
Influencing Market Trend
- Technological Advancements in the Field of Laparoscopy
Market Drivers
- Increasing Investments in the Laparoscopic Instruments Market
- Rising Number of Laparoscopic Procedures Performed Globally owing to Increasing Preference for Minimally Invasive Surgeries
- Rising Prevalence of Colorectal Cancer
Opportunities
- Growing Demand for Data-Integrated Imaging Systems
Restraints
- Dearth of Trained Professionals in the Field of Laparoscopy
Challenges
- Enhancements in Equipment Capabilities in Laparoscopic Instruments
Key Target Audience
Laparoscopic Devices Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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