Hyderabad, India -- (SBWire) -- 01/22/2018 --The report " Laparoscopy Device Market by Product Type (Internal Closure Devices, Hand Access Instruments, Robotic Assisted Surgical System, Laparoscopes, Direct Energy Systems and Insufflation Devices) by Therapeutic Application (Colorectal Surgery, Gynaecological Surgery, General Surgery, Bariatric Surgery and Urological Surgery), by End Users (Hospitals, Clinics and Ambulatory Surgical Centers) - Forecast to 2022", The Laparoscopy Device Market is expected to reach USD 11,14 Billion by 2021 from an estimated USD 7.78 Billion in 2016, at a CAGR of 7.45%.
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By Product Type, Hand Access Instruments are on the Rise and is likely to lead the market in the forecast period.
On the basis of Product, the Laparoscopy Device Market has been segmented into Internal Closure Devices, Hand Access Instruments, Robotic Assisted Surgical System, Laparoscopes, Direct Energy Systems and Insufflation Devices. Hand Access Instruments holds the majority of the Laparoscopy Device Market share.
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By Therapeutic Application, the Colorectal Surgery Segment is leading the Laparoscopy Device Market
On the basis of Therapeutic Application, the Laparoscopy Device Market has been segmented into Colorectal Surgery, Gynaecological Surgery, General Surgery, Bariatric Surgery and Urological Surgery. In 2016, Colorectal Surgery is expected to account for the largest share of the Laparoscopy Device Market.
By End Users, the Hospitals segment accounted for the largest share of the market in 2017
On the basis of End Users, the Laparoscopy Device Market has been segmented into Hospitals, Clinics and Ambulatory Surgical Centers. In 2016, the Hospitals segment is expected to account for the largest share of the Laparoscopy Device Market. It is also expected to be the fastest-growing segment during the forecast period. Growing adoption of testing by hospitals and decreasing costs are expected to drive the growth of the segment.
North America dominated the market in 2017
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North America is anticipated to steer the worldwide laparoscopic devices market in terms of revenue share throughout the forecast amount. Asia-Pacific is calculable to witness vital growth fuelled by the factors like increasing gerontology population and rise in abdominal disorders within the region.
The various players in the Laparoscopy Device Market Boston Scientific Corporation, Karl Storz, ConMed, Aesculap, Covidien, Olympus, Intuitive Surgical, Stryker, Medtronic, B. Braun Melsungen AG, Ethicon US LLC and Smith & Nephew.
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