Laparoscopic Devices Market Expanding At A CAGR Of 6.6% For The Forecast Period From 2019 To 2026 : Grand View Research Inc.
San Francisco, 22 August 2019: The Report Laparoscopic Devices Market Size, Share & Trends Analysis Report By Product (Robot-assisted, Energy Systems), By Application (Bariatric Surgery, Colorectal Surgery), By Region, And Segment Forecasts, 2019 – 2026
The global laparoscopic devices market size is anticipated to reach USD 9.92 billion by 2026 expanding at a CAGR of 6.6%, according to a new report by Grand View Research, Inc. Increasing number of bariatric surgeries being performed and adoption of minimally invasive procedures are anticipated to boost the market growth.
According to the American Society for Metabolic and Bariatric Surgery (ASMBS), bariatric surgery is performed when a patient is suffering from obesity and they are not able to lose weight. Thus, growing cases of obesity is contributing to the market growth. Increasing preference by surgeons for laparoscopic surgery owing to the benefits, such as small incisions, less healing time, and short hospital stay, is also driving the market.
Technological advancements are further expected to propel market growth. For instance, Medtronic’s LigaSure device is designed to deliver a specific combination of energy and pressure to create consistent seal within its applications. It provides unique combination of energy and pressure to create vessel fusion. Stryker laparoscopes had a combination of high-quality sapphires and rod lens technology used for superior transformation and excellent recognition to maximize image quality during surgical procedures.
Access Research Report of Laparoscopic Devices Market @ www.grandviewresearch.com/industry-analysis/laparoscopic-devices-market
Further key findings from the study suggest:
Grand View Research has segmented the global laparoscopic devices market on the basis of product, application, and region:
Laparoscopic Devices Product Outlook (Revenue, USD Million, 2015 - 2026)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
The global laparoscopic devices market size is anticipated to reach USD 9.92 billion by 2026 expanding at a CAGR of 6.6%, according to a new report by Grand View Research, Inc. Increasing number of bariatric surgeries being performed and adoption of minimally invasive procedures are anticipated to boost the market growth.
According to the American Society for Metabolic and Bariatric Surgery (ASMBS), bariatric surgery is performed when a patient is suffering from obesity and they are not able to lose weight. Thus, growing cases of obesity is contributing to the market growth. Increasing preference by surgeons for laparoscopic surgery owing to the benefits, such as small incisions, less healing time, and short hospital stay, is also driving the market.
Technological advancements are further expected to propel market growth. For instance, Medtronic’s LigaSure device is designed to deliver a specific combination of energy and pressure to create consistent seal within its applications. It provides unique combination of energy and pressure to create vessel fusion. Stryker laparoscopes had a combination of high-quality sapphires and rod lens technology used for superior transformation and excellent recognition to maximize image quality during surgical procedures.
Access Research Report of Laparoscopic Devices Market @ www.grandviewresearch.com/industry-analysis/laparoscopic-devices-market
Further key findings from the study suggest:
- Energy systems led the market in 2018 due to the favorable reimbursement policies and new product launches, such as Olympus Corporation launched THUNDERBEAT, which is safe and versatile
- Bariatric surgery is projected to be the fastest-growing application segment owing to increasing cases of obesity. Moreover, these surgeries offer painless weight reduction and require shorter hospital stay
- North America was the dominant regional market in 2018 owing to higher adoption of minimally invasive surgeries and increased incidence of gallstones
- Key companies in the laparoscopic devices market are Medtronic PLC; Karl Storz GmbH; Stryker Corp.; Johnson and Johnson Services, Inc.; CONMED Corp.; and Olympus Corp. These companies focus on new product launch and M&A to gain competitive advantage
Grand View Research has segmented the global laparoscopic devices market on the basis of product, application, and region:
Laparoscopic Devices Product Outlook (Revenue, USD Million, 2015 - 2026)
- Trocars
- Energy Systems
- Closure Devices
- Suction/Irrigation Devices
- Insufflation Devices
- Laparoscopes
- Hand Access Instruments
- Robot Assisted Systems
- Bariatric Surgery
- Colorectal Surgery
- General Surgery
- Gynecological Surgery
- Urological Surgery
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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