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Laparoscopy devices market : segmentation, research, industry trends and developments by 2019
1. Laparoscopy Devices Market : Segmentation, Research,
Industry trends and Developments By 2019
Report Description
Bariatric surgeries are increasingly performed globally for
weight reduction and approximately 90% of these procedures
use laparoscopy devices. These surgeries form largest
2. application segment among the global laparoscopy devices
market. In 2008, the World Health Organization estimated
that 1.4 billion adults (20 years and older) were overweight
of which 500 million people were obese. Approximately 3.4
million adults die annually due to overweight and obesity
and this alarming figure indicates the great potential for
bariatric surgeries which will drive the global laparoscopy
device market. The global laparoscopy devices market was
valued at USD 7.5 billion in 2012 and is expected to grow at
a CAGR of 7.1% from 2013 to 2019, to reach an estimated
value of USD 12.3 billion by 2019.
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3. The global laparoscopy devices market comprises of
equipment such as laparoscope, irrigation system, insufflation
devices, trocars, sample retrieval bag, wound protector,
internal closure devices, gastric band, hand-assist devices,
and energy systems. The segments accounting for large shares
in the market include energy systems, trocars, internal
closure devices and laparoscope. Although the global market
is exhibiting healthy growth rate of 7.1% CAGR over the
forecast period, its growth is restrained by certain side
effects of laparoscopic procedures, risk of carbon dioxide
emissions, and rapidly changing technologies. Introduction of
newer technologies will create need for adaptive endoscope
accessories. The introduction of innovative techniques such as
4. HD systems in diagnostic instruments, HD cameras and HDTV
three chip systems the demand for advanced endoscopy
devices have been triggered and this scenario will continue in
future.
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On the basis of applications, the global market for
laparoscopy devices is segmented into five major segments,
namely, general surgery, bariatric surgery, colorectal
surgeries, urological and gynecological surgeries. General
surgery accounts for the largest share in the market but the
bariatric surgery is the fastest growing application segment
5. immediately followed by colorectal surgery application. The
increasing adoption of laparoscopic surgeries for colorectal
cancer treatment is due to smaller incisions compared to
open colectomy which results into faster recovery and less
pain after surgery.
In 2012, North America held the majority share in the global
laparoscopy devices market followed by Europe which
accounted for the second largest share. These two regions
together account for more than 60% of global laparoscopy
devices market and are expected to retain their position
throughout the forecast period 2013 to 2019.
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The larger share garnered by these geographies is primarily
due to the high disposable income of consumers and the
presence of advanced diagnostic and therapeutic technologies
in these regions. Asia-Pacific is the most promising geography
in the global laparoscopy devices market closely followed by
Latin America. Increasing healthcare infrastructure in these
regions has led to surging medical tourism market which
elucidates rising need of laparoscopy devices these regions. In
Rest of the World (RoW), South Africa is the only prominent
country where measurable growth in business of laparoscopy
devices will be exhibited. Ethicon Endo Surgery (a subsidiary
7. of J&J), Olympus, Covidien, Intuitive Surgical, Boston
Scientific Corporation, Stryker, Smith & Nephew, Karl Storz,
Aesculap, and ConMed are some of the major companies
operating in the laparoscopy devices market.
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