Portland, OR -- (SBWIRE) -- 02/21/2018 -- The rise in preference for minimal invasive surgeries (MIS) over open surgeries has fueled the demand for laparoscopic procedures. In addition, technologically advanced laparoscopy devices supplement the market growth.

Laparoscopy Devices Market was valued at $9,350 million in 2015 and is expected to garner $14,046 million by 2022, registering a CAGR of 5.8% during the forecast period 2016 - 2022. The energy devices segment accounted for more than one-fourth of the global market in 2015.

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Laparoscopy is a minimally invasive surgical procedure that assists in the diagnosis of various abdominal and pelvic disorders, such as cysts, adhesions, fibroids, and infection that occurs in the female pelvic organs. Laparoscopy is also known as keyhole surgery, and it is performed by creating a small incision. Laparoscopes are inserted through a small incision in the abdomen, which captures pictures of the abdominal organs. This procedure also assists in performing a biopsy of tissues and surgeries, such as cholecystectomy (laparoscopic gallbladder surgery), appendectomies (removal of appendix) and anti-reflux surgery, treatment for acid reflux, also known as GERD (gastroesophageal reflux disease).

The key factors that drive the global laparoscopy devices market include rise in the number of obese population, growth in laparoscopic-based bariatric surgeries for weight reduction, and increase in technological advancements pertaining to these devices. However, lack of expertise in the laparoscopic surgeries and high costs associated with these devices and procedures are anticipated to restrain the market growth.

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The laparoscopy devices market is segmented based on 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 divided 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. Bariatric surgical application is classified into gastric bypass, sleeve gastrectomy, gastric banding, and others. Based on end users, it is segmented into hospitals, clinics, and others.

Hospitals possess high market potential for growth of laparoscopy devices, owing to increase in demand for minimal invasive surgeries (MIS) and upsurge in governmental initiatives to improve healthcare facilities.

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