Laparoscopy Devices Market - Global Opportunity Analysis and Industry Forecast, 2014-2022

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May 18, 2017, 15:34 ET

LONDON, May 18, 2017 /PRNewswire/ -- Laparoscopy Devices Market by Product (Laparoscopes, Energy Devices, Insufflators, Robot-Assisted Surgery Systems, Suction or Irrigation Systems, Closure Devices, Hand Instruments, Access Devices, Accessories, and Other Laparoscopy Devices), Application {General Surgery (Cholecystectomies, Hernia Repairs, Appendectomies, Anti-reflux Surgeries, and Others), Bariatric Surgery (Gastric Bypass, Sleeve gastrectomy, Gastric Banding, and Others), Gynecological Surgery, Urological Surgery, Colorectal Surgery, and Others}, and End User (Hospitals, Clinics, and Other End Users) - Global Opportunity Analysis and Industry Forecast, 2014-2022

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Laparoscopy is a minimally invasive procedure used to examine organs inside the abdomen or pelvic cavities by inserting a laparoscope through a small incision in the abdomen.

A laparoscope comprises a long, thin tube with high-intensity light, and high-resolution camera attached in the front. The camera transmits images to the monitor as it travels through the abdomen. Laparoscopy is used for the diagnosis and treatment of endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids.

Rise in cases of morbid obesity at the global level is the major factor that drives the laparoscopy market growth. In addition, growth in bariatric surgeries performed globally to reduce weight enhances the market growth. However, dearth of skilled professionals and high cost of these devices restrains the market growth.

Further, increase in adoption of robot-assisted laparoscopic surgeries and introduction of innovative laparoscopic devices in the market offer lucrative opportunities. The global laparoscopy market was valued at $9,350 million in 2015, and is expected to reach $14,046 million by 2022, registering a CAGR of 5.8% from 2016 to 2022.

The global laparoscopy market is segmented on the basis of product, application, end user, and geography. Based on product, it is classified into laparoscopes, energy devices, insufflators, robot-assisted surgical systems, suction or irrigation systems, closure devices, hand instruments, access devices, accessories, and others. Based on application, it is categorized into general surgery, bariatric surgery, gynecological surgery, urological surgery, colorectal surgery, and others.

General surgical application is further classified into cholecystectomies, hernia repairs, appendectomies, anti-reflux surgeries, and others, whereas bariatric surgical application is classified into gastric bypass, sleeve gastrectomy, gastric banding, and others.

Furthermore, based on end user, it is divided into hospitals, clinics, and others. Energy devices account for the highest market share in 2015, and is anticipated lead throughout the forecast period and is attributed to the technological advancements in the field of energy devices that aids in more precise and safe laparoscopic procedures. Bariatric surgery application possesses high market potential, owing to the surge in number of gastric bypass, sleeve gastrectomy, and gastric banding surgeries.

Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America has accounted for the highest market share in 2015, and is expected to retain its dominance throughout the forecast period. This is attributed to factors, such as technologically advanced laparoscopy surgeries and significant increase in bariatric surgeries due to high number of obese population. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the improvement in healthcare facilities, available disposable income, and rapidly developing economic conditions.

KEY MARKET BENEFITS
The study provides an in-depth analysis of the global laparoscopy market, with current trends and future estimations to elucidate the imminent investment pockets.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Comprehensive quantitative analysis of the industry from 2014 to 2022 is provided to enable stakeholders to capitalize on the prevailing market opportunities.
Extensive analyses of the key segments of the industry, which helps in understanding the type of products and technologies used globally.
Key market players and their strategies are provided to understand the competitive outlook of the market.

Key Market Segments
By Product Type
Laparoscopes
Energy Devices
Insufflators
Robot-Assisted Surgery Systems
Suction or Irrigation Systems
Closure Devices
Hand Instruments
Access Devices
Accessories
Others

By Application
General Surgery
Cholecystectomies
Hernia Repairs
Appendectomies
Anti-Reflux Surgeries
Others
Bariatric Surgery
Gastric Bypass
Sleeve Gastrectomy
Gastric Banding
Others
Gynecological Surgery
Urological Surgery
Colorectal Surgery
Others

By End User
Hospitals
Clinics
Other End Users

By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Republic of South Africa
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