The global laparoscopy devices market was valued at USD 7.5 billion in 2012 and is expected to grow at a CAGR of 7.1% from 2013 to 2019, to reach an estimated value of USD 12.3 billion by 2019.
Albany, NY -- (SBWIRE) -- 12/21/2015 -- Laparoscopy is a form of minimally invasive endoscopy surgery of abdominal cavity. Minimally invasive (MIS) are preferred over open surgeries because of their obvious merits such as lesser blood loss, scar free surgery, quick recovery and reduced hospital stay. This is the major factor driving the demand for laparoscopy devices market. Laparoscopy devices market report has been segmented on the basis of equipment, applications, and geography. A detailed analysis of factors such as market size, revenue generated, and growth prospects of each segment are included in this report. This report also includes the market trends, recent developments, and a key market player analysis.
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The market for laparoscopy devices has been segmented on the basis of equipment into laparoscopes, irrigation systems, insufflation devices, trocars, sample retrieval bags, wound protectors, internal closure devices, gastric bands, hand-assist devices, and energy systems. Energy systems segment accounted for largest share in the laparoscopy devices market. From application point of view, the market for general surgeries is studies considering procedures including cholecystectomies, hernia repairs, appendectomies, and antireflux surgeries. The bariatric surgery market considers procedures such as gastric banding, gastric bypass, and sleeve gastrectomies, while urological surgery market considers prostatectomies, and nephrectomies. Increasing prevalence of cancer is expected to fuel the laparoscopy devices market anticipating increased biopsy and tumor ectomy procedures. Higher obesity rate, aging population and increasing infectious diseases also contribute majorly to laparoscopy devices market.
Laparoscopy devices market report gives a complete market analysis including Porter's five force analysis. A comprehensive competitive analysis presenting market share of key players in the endoscopy devices market has also been included. Laparoscopy devices market attractive analysis which is based on factors such as current stage of life cycle, market size, customer base, market competition, and annual growth rate is provided for equipment as well as application segment. Report also identifies significant drivers and restraints for the endoscopy devices market. Furthermore lucrative opportunities identified after in-depth market study have also been described in the report. The endoscopy devices market report also suggests relevant recommendations for strategy formulation in the competitive laparoscopy devices market.
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The global market is segmented on the basis of five major geographical regions namely North America, Europe, Latin America, Asia-Pacific and the Rest of the World (RoW). The market for these geographies has been further segmented according to laparoscopy equipment, which include laparoscopes, irrigation systems, insufflation devices, trocars, sample retrieval bags, wound protectors, internal closure devices, gastric bands, hand-assist devices, and energy systems. A competitive landscape mapping ten key players and their respective market share in the year 2012 is provided in the report. These key players include Ethicon Endo-Surgery, Olympus, Covidien, Boston Scientific, Karl Storz, Cook Medical, FUJIFILM, Richard Wolf, Smith & Nephew, and Stryker. Detailed profile of these companies is also included in the report which provides details such as company overview, financial overview, product portfolio, business strategies and recent developments.
The research methodology was based on primary as well as secondary research. Interviews and discussions with a wide range of key industry participants and opinion leaders revealed real time market scenario. This primary research represented the bulk of the research efforts, which was further supplemented by extensive secondary research. A review of key players' product literature, annual reports, and press releases supports the market forecast analysis. The analysis is also supported by a detailed event impact analysis which details key historic as well as anticipated events such as product launches, updates from regulatory agencies, product recalls, mergers and acquisitions, and other events affecting market dynamics. The 83 pages laparoscopy devices market reports described various market dynamics in 28 figures and charts and 11 tables.
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