Global Laparoscopy Devices Market to Reach US$12.3 Billion by 2019

Transparency Market Research Report Added “Laparoscopy Devices Market (Internal Closure Devices, Energy Systems, Trocars, Laparoscopes, Irrigation Systems, Insufflation Devices, Sample Retrieval Bags, Wound Protectors, Gastric Bands, Hand-Assist Devices)” to its database.

Global Laparoscopy Devices Market: Description

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.

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.

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Global Laparoscopy Devices Market: Overview

Bariatric surgeries are increasingly performed globally for weight reduction and approximately 90% of these procedures use laparoscopy devices. These surgeries form largest application segment among the global laparoscopy devices market. In 2008, the World Health Organization estimated that 1.4 billion adults (20 years and older) were overweight of which 500 million people were obese. Approximately 3.4 million adults die annually due to overweight and obesity and this alarming figure indicates the great potential for bariatric surgeries which will drive the global laparoscopy device market. 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.

The global laparoscopy devices market comprises of equipment such as laparoscope, irrigation system, insufflation devices, trocars, sample retrieval bag, wound protector, internal closure devices, gastric band, hand-assist devices, and energy systems. The segments accounting for large shares in the market include energy systems, trocars, internal closure devices and laparoscope. Although the global market is exhibiting healthy growth rate of 7.1% CAGR over the forecast period, its growth is restrained by certain side effects of laparoscopic procedures, risk of carbon dioxide emissions, and rapidly changing technologies. Introduction of newer technologies will create need for adaptive endoscope accessories. The introduction of innovative techniques such as HD systems in diagnostic instruments, HD cameras and HDTV three chip systems the demand for advanced endoscopy devices have been triggered and this scenario will continue in future.

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