Laparoscopy Devices Market Scope
Laparoscopy is a surgical diagnostic procedure used to examine the organs inside the abdomen using small incisions (usually 0.5–1.5 cm) with the aid of a camera. It is a low risk, the minimally invasive procedure that uses a laparoscope to look at the abdominal organs. Laparoscopic instruments involve a comprehensive range of reusable and single-use instruments and trocars as well as ligation clip appliers, endoscopes and advanced energy solutions. These instruments are easy, safe, and comfortable for surgeons to use.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) and Smith & Nephew plc (United Kingdom) |
CAGR | % |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Laparoscopy 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) and Smith & Nephew plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Cook Medical Inc. (United States) and ConMed Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Laparoscopy Devices market by Type , by Application (Bariatric Surgery, General Surgery, Gynecological Surgery, Urological Surgery, Colorectal Surgery and Pediatric Surgery) and Region with country level break-up.
On the basis of geography, the market of Laparoscopy 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September 2018, Stryker agreed to acquire outstanding shares of Invuity, advanced photonics and single-use, lighted instruments company. The cash transaction is expected to close in the fourth quarter and have an immaterial impact on Stryker's earnings.
Recently, Ethicon, part of the Johnson & Johnson Medical Devices Companies**, announced today the U.S. launch of the ProxiSure Suturing Device, an advanced laparoscopic suturing device featuring Ethicon endomechanical, suture and curved needle technologies.
Influencing Trend:
Technological Advancements in the Laparoscopy Surgeries
Market Growth Drivers:
Increased Prevalence of Abdominal Diseases, Rise in the Number of Laparoscopic Surgeries and Increased Investments in Laparoscopic Instruments Market
Challenges:
Increasing Preference for Robotic Procedures and Lack of Health Care Professionals in Developing Regions
Restraints:
Risks Associated with Laparoscopy Surgery and Increased Number of Free-trade Agreements
Opportunities:
Huge Investments by Major Players, Growth in the Health Care Industry and Growing Opportunities from Emerging Markets
Key Target Audience
Laparoscopy Device Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users