Pune, India -- (SBWIRE) -- 05/03/2019 -- The report on Laparoscopic Devices Market by equipment (laparoscopes, energy systems, internal closure devices, insufflations devices), application (general surgery, colorectal surgeries, bariatric, urological surgery), end user (hospitals, ambulatory surgical centers) trends analysis and forecasts up to 2025 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. The global laparoscopic devices market is projected to grow at a CAGR of 7.9% over the forecast period of 2019-2025.

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Laparoscopic Devices Market: Industry Insight

Laparoscopy is a minimally invasive surgical procedure used to examine abdominal organs which is performed with specialized laparoscopic devices. This is carried out by inserting the laparoscope through a keyhole incision in the abdomen. A laparoscope consists of a long, thin tube with high-intensity light, and high-resolution camera attached in the forefront. As it moves along through the abdomen, the camera transmits images to the monitor. Diseases related to liver, colon and bile duct are targeted areas treated through laparoscopic devices. Moreover, laparoscopic devices are also commonly used to perform procedures such as repairs, gastric bypass, bowel resection, and organ removal.

Laparoscopic Devices Market: Drivers and Restraints

The laparoscopic devices market is escalated by increasing percentage of the obese population that results in increased demand for bariatric surgery for weight reduction, such as gastric bypass, sleeve gastrectomy, and gastric banding through laparoscopy. Additionally, laparoscopy has advantages over open surgeries which include few incisions during surgery, shorter hospital stays, is less painful with quick recovery post-surgery. Thus, all these advantages act as definite key factors driving the growth of laparoscopic devices. Other factors driving the market compromises of rising demand for healthcare facilities increase in the number of geriatric populations and rise in chronic diseases.

However, the dearth of skilled professionals for laparoscopic procedures, risks associated with post-operative laparoscopy as well as lack of reimbursement in the emerging markets hinders the growth of the laparoscopic device market. Additionally, the high cost of laparoscopic devices restricts the growth of the overall market. The demand for laparoscopic devices will increase significantly due to the technological advancements in energy devices and laparoscopes.

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Laparoscopic Devices Market: Segmentation

The global laparoscopic devices market is segmented into equipment, application and end user. The global laparoscopic devices market on the basis of equipment is classified into laparoscopes, energy systems, internal closure devices, trocars, insufflation devices, wound protectors, hand-assist devices, sample retrieval bag, and gastric band. Based on the application the global laparoscopic devices market is categorized into general surgery, colorectal surgeries, bariatric surgery, gynecological surgery, and urological surgery. Among these application segments, bariatric surgery and colorectal surgery are estimated to note magnificent growth during the forecast period. The global laparoscopic devices market on account of the end user is categorized into hospitals and ambulatory surgical centers. As per end-user segments, hospitals dominate the overall laparoscopic devices market as a result of an increase in demand for minimally invasive surgery.

Laparoscopic Devices Market: Regional Insight

Geographically, the laparoscopic device market is categorized into North America, Europe, Asia-Pacific and Rest of the World. North America holds the largest share in the market followed by Europe due to the high adoption rate of new technologies, increasing awareness and presence of trained surgeons in laparoscopy. Whereas, the Asia Pacific is estimated to turn in a profitable region due to emerging economies and rise in healthcare expenditures in China and India.

Laparoscopic Devices Market: Competitive Analysis

The key players having a strong foothold in the laparoscopic device market are Karl Storz GmbH & Co.KG, Olympus Corporation, Medtronic PLC, Braun Aesculap, Stryker Corporation, Richard Wolf GMBH, Cook Medical Incorporated, ConMed Corporation, Ethicon, Inc. and Smith & Nephew PLC. Among the companies in the laparoscopic device market, Medtronic is the leading competitor, followed by Ethicon in second place. Together, these two companies hold for over half of the total market share. Medtronic's lead the market owing to their largely successful sales of LigaSure™ devices.

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Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the laparoscopic devices.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.