Laparoscopic devices market

1. Laparoscopic Devices Market Laparoscopic Devices Market Size,Trends,Shares,Insights,Forecast-2025 Size,Trends,Shares,Insights,Forecast-2025 Laparoscopic Devices Market – Insights Laparoscopic Devices Market – Insights Laparoscopy is a minimally invasive surgical technique performed through a keyhole incision. A small camera along with a light source attached to a tube enables surgeons to maneuver special laparoscopic devices to the target area and carry out the surgery. This technique is mainly preferred for carrying out surgeries related to the pancreas, liver, colon and bile duct. Statistics: Statistics: The global laparoscopic devices market is estimated to account for US$ 10,150.2 Mn in terms of The global laparoscopic devices market is estimated to account for US$ 10,150.2 Mn in terms of value in 2019 and is expected to account for US$ 16,854.3 Mn by the end of 2027. value in 2019 and is expected to account for US$ 16,854.3 Mn by the end of 2027. Global Laparoscopic Devices Market: Drivers Global Laparoscopic Devices Market: Drivers Increasing demand for minimally invasive medical procedures and the growing efficiency of laparoscopic procedures is expected to boost growth of the global laparoscopy devices market over the forecast period. Laparoscopic surgery uses long-pencil-like instruments that fit through small cuts in the abdominal wall instead of large incisions required during open operations. Moreover, increasing prevalence of colorectal cancer is also expected to boost growth of the global laparoscopy devices market. For instance, according to World Cancer Research Fund, colorectal cancer is the third most commonly occurring cancer in men and the second most commonly occurring cancer in women. There were over 1.8 million new cases in 2018.

2. North America region held dominant position in the global laparoscopic devices market in 2019, accounting for 31.5% share in terms of value, followed by Europe. Get PDF Brochure Of This Research Report @ Get PDF Brochure Of This Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/580 https://www.coherentmarketinsights.com/insight/request-pdf/580 Global Laparoscopic Devices Market: Restraints Global Laparoscopic Devices Market: Restraints High cost of laparoscopic devices is expected to hamper growth of the global laparoscopic devices market over the forecast period. Compared to conventional laparoscopic surgical procedures, the cost of laparoscopic surgery using robotic-assisted devices may increase by US$ 1,600. Robotic- assisted laparoscopic surgeries are more expensive than conventional laparoscopic surgeries and open surgical methods. The expanses may range from US$ 1 Mn to US$ 2.5 Mn for each unit. Moreover, lack of skilled laparoscopic surgeons is also expected to hinder growth of the market. If not performed cautiously, some injuries can occur during trocar placement such as abdominal wall hematoma, large bowel penetration, blood vessel penetration, and umbilical wound infection. Global Laparoscopic Devices Market: Opportunities Global Laparoscopic Devices Market: Opportunities Increasing prevalence of obesity is expected to offer lucrative growth opportunities for players in the global laparoscopic devices market. For instance, according to MedAlertHelp.org, over 1.9 billion adults were reported as overweight worldwide. Moreover, increasing healthcare expenditure is also expected to boost growth of the market over the forecast period. For instance, according to the Centers for Medicare & Medicaid Services (CMS), health spending in the U.S. is projected to grow at an average rate of 5.5 percent per year for 2018-27 and to reach nearly US$ 6.0 trillion by 2027.

3. Direct energy system devices sub segment in product type segment of the global laparoscopic devices market was valued at US$ 3,029.1 Mn in 2018 and is expected to reach US$ 5,886.1 by 2027 at a CAGR of 7.6% during the forecast period. Research Methodology Research Methodology Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include: Primary Research (Trade Surveys and Experts Interviews) Primary Research (Trade Surveys and Experts Interviews) • Desk Research Desk Research • Proprietor Data Analytics Model Proprietor Data Analytics Model • In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings. Request Sample Copy of Research Report @ Request Sample Copy of Research Report @ https://www.coherentmarketinsights.com/insight/request-sample/580 https://www.coherentmarketinsights.com/insight/request-sample/580 Market Trends/Key Takeaways Market Trends/Key Takeaways Micro-laparoscopy is a new technique used in laparoscopic surgeries in which conventional laparoscopic instruments (sized 10–12 mm) are being replaced by newly developed laparoscopic instruments of sizes less than 3 mm. Micro-laparoscopes eliminates the need for single-site incisions and enable surgeons to perform surgeries with only a needle stick, which reduces post- operative pain for patients.

4. The adoption of single-site incision surgery has increased significantly compared to conventional methods of laparoscopic procedures in which four to five small incisions are made as the entry point for laparoscopic instruments. Single-site incision laparoscopic procedures offer various benefits such as low chances of infections, better cosmetic results, quick recovery, and less post-operative pain. Regulations: Regulations: North America North America According to the U.S. FDA, laparoscopic devices fall under class-I category of medical devices. Limitations of laparoscopic device exemptions are covered under Code for Regulations Title 21, parts 862–892. According to the U.S. FDA, laparoscopic devices are not eligible for third-party review and do not fall under life-sustain/supportive device type Global Laparoscopic Devices Market: Competitive Landscape Global Laparoscopic Devices Market: Competitive Landscape Major players operating in the global laparoscopic devices market include, Olympus Corporation, B. Braun Melsungen AG, Intuitive Surgical Inc., Medtronic plc., Stryker Corporation, Smith & Nephew Plc., CareFusion Corporation, Ethicon US, LLC, KARL STORZ GmbH & Co. KG, Richard Wolf GmbH, Endocontrol SA, Gordian Surgical Ltd., 270Surgical Ltd., and Tekno- Medical Optik Surgery GmbH.

5. Global Laparoscopic Devices Market: Key Developments Global Laparoscopic Devices Market: Key Developments Key players in the market are focused on product approval and launch to expand their product portfolio. For instance, in November 2019, 270Surgical Ltd. announced U.S. Food and Drug Administration (FDA) 510(k) clearance of its SurroundScope System, the first laparoscopic camera system to offer up to 270-degree field-of-view (FoV). Key players in the market are focused on raising funds for commercialization of their products. For instance, in October 2019, Gordian Surgical Ltd. raised US$ 3 million for commercialization of its TroClose 1200 access-closure system for laparoscopic surgery. About Coherent Market Insights About Coherent Market Insights Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us Contact Us Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: Email: sales@coherentmarketinsights.com sales@coherentmarketinsights.com