Market Overview
As per the assessment conducted by Market Research Future (MRFR), the Global Market for Laparoscopy Devices Market is expected to acquire the market value of USD 17,206.32 Million while expanding at a CAGR of 8.30% by 2023. The growing funding and favorable reimbursement policies are predicted to play a salient role in steering the global market during the review timeframe.
Market Segmentation
The laparoscopy devices market has been segmented into application, end-user, and product. Based on the segment which is application, the market is categorized on the basis of bariatric surgery, colorectal surgery, general surgery, gynecological surgery, urological surgery, and others. The global market for laparoscopy devices is further segmented based on end-user into ambulatory centers, hospitals and clinics, and specialty centers. Furthermore, the market, on the basis of product is segmented into access devices, energy devices, handheld instruments, insufflation devices, internal closure devices, laparoscopes, suction/irrigation devices, trocars, and others.
Laparoscopy Devices Market Regional Analysis
The Americas laparoscopy device market can secure the largest share in the worldwide market. The high GDP per capita income and expansion of ageing group that is highly prone to degenerative ailments, creating the need for diagnosis and therapeutics can support the regional market.
In Europe, the laparoscopy devices market can register rapid growth pace due to driving factors, such as; increase in cancer patients, laparoscopy advancements, availability of modern treatment facilities, and introduction of integrated and advanced monitoring devices. The presence of sturdy healthcare base can support market expansion.
In Asia Pacific, the laparoscopy devices market can earn about USD 4205.58 Mn by 2023. huge patient populace and introduction of disruptive technology can favor market growth.
The market of laparoscopy devices in the Middle East Asia and Africa can expand at slow rate. Africa is anticipated to hold least market share due to poor sociopolitical conditions. Limited availability medical facilities and of funds can hinder the regional market expansion.
Laparoscopy Devices Market Key Players
Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), Smith & Nephew PLC (UK), Medtronic PLC (US), Fujifilm Holdings Corporation (Japan), Cook Medical LLC (US), Olympus Corporation (Japan), Stryker Corporation (US), Richard Wolf GmbH (Germany), and KARL STORZ SE & Co. KG (Germany) among others are some well-established companies that are studied by MRFR to gain insights into the competitive structure of the laparoscopy devices market.
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