Laparoscopy Devices Market Worth $ 18.26 Billion, Globally, by 2027 at 5.73% CAGR: Verified Market Research

Laparoscopy Devices Market Worth $ 18.26 Billion, Globally, by 2027 at 5.73% CAGR: Verified Market Research

An increase in the number of patients suffering from gall bladder problems, crohn's diseases, ulcerative colitis, diverticulitis, and obesity is also driving the growth of the market

PR Newswire

JERSEY CITY, N.J., Sept. 14, 2020

JERSEY CITY, N.J., Sept. 14, 2020 /PRNewswire/ -- Verified Market Research recently published a report, "Laparoscopy Devices Market by Type (Laparoscopes, Energy Devices, Insufflators, Suction/Irrigation Systems, Access Devices, Closure Devices), by Application (Bariatric Surgery, General Surgery, Gynecological Surgery, Urological Surgery, Colorectal Surgery, Pediatric Surgery), by End-User (Hospitals, Ambulatory Centers), Geography". According to Verified Market Research, the Global Laparoscopy Devices Market was valued at USD 11.71 Billion in 2019 and is projected to reach USD 18.26 Billion by 2027, growing at a CAGR of 5.73 % from 2020 to 2027

Laparoscopy Devices Market Analysis & Forecast, 2020-2027

This report provides detailed analysis of the growth trends among each of the segments as well as accurate forecasts in terms of the value and volume.

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Browse in-depth TOC on "Laparoscopy Devices Market"

202 - Pages
126 – Tables
37 – Figures

Global Laparoscopy Devices Market Overview

A growing number of laparoscopic procedures performed across the globe owing to increasing preference for minimally invasive surgeries by physicians and patients is the major driving factor of the global laparoscopy devices market. According to the data published by the American Society for Metabolic & Bariatric Surgery (ASMBS), in 2018, the total number of bariatric surgeries performed in America alone was 252,000. Thus, the growth in bariatric surgeries performed worldwide to reduce weight enhances market growth. Surgeons recommend a laparoscopy to the patient suffering from cancer to reduce the risk of cancer which involves resection of bowel containing malignant tumors. Thus, the increasing preference of laparoscopy in the treatment of colorectal cancer is further boosting the market growth globally. Moreover, Technological advancements in the field of laparoscopy are also supporting the growth curve of the laparoscopy devices market.

The recent trends found in global laparoscopy devices are as follows. Micro-laparoscopy is a recent technique used in laparoscopic surgeries in which traditional laparoscopic instruments (sized 10–12 mm) are being replaced by recently developed laparoscopic instruments of sizes less than 3 mm. The adoption of single-site incision surgery has been increased as compared to traditional methods of laparoscopic procedures. It offers several benefits such as low chances of infections, better cosmetic results, fast recovery, and less post-operative pain.

The major players in the market are Karl Storz GmbH & Co. KG (Germany), Olympus Corporation (Japan), Medtronic plc (Ireland), B. Braun Aesculap (Germany), Stryker Corporation (U.S.), Richard Wolf GmbH (Germany), Ethicon, Inc. (U.S.), Smith & Nephew plc (U.K.), Cook Medical Incorporated (U.S.), and ConMed Corporation (U.S.).

Verified Market Research has segmented the Global Laparoscopy Devices Market on the basis of Type, Application, End-user and Geography.

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