Laparoscopic Instruments Market Size, Share, Trends, Analysis and Forecast 2018-2023

 

The laparoscopic or minimally invasive surgery uses a special surgical instrument known as laparoscope to look inside the body and carry out certain procedures. The laparoscopic instruments market is projected to witness a steady growth rate during the forecast period 2018-2023. The rise in preference of minimal invasive method over invasive surgeries, the high prevalence of lifestyle-oriented diseases, high global expenditure on the laparoscopic market, increasing healthcare market in emerging economies is some of the key factors that are driving the market growth.

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The laparoscopic instruments market is segmented into product type, application, and end-user. The segment on the basis of the product type is diversified into laparoscope, insufflator, energy devices, and laparoscopic accessories. The application segment is sub-divided into cardiac surgery, gynecological surgery, neurological surgery, urological surgery, and others. Furthermore, the end-user segment is sub-segmented into hospitals and surgical centers.

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Global laparoscopic instruments market on the basis of geography can be sub-divided into North America, Europe, Asia-Pacific and Rest of the World. Rise in minimal invasive method over invasive surgeries in the US has boosted the growth of the market in North America. The rapidly developing economies of Asia-Pacific are projected to witness the highest growth rate during the forecasted period. The growth in the Asia-Pacific market is backed by increasing healthcare market within the countries. Along with it, high global expenditure on the laparoscopic market is supporting the growth of the Asia-Pacific laparoscopic instruments market.

The key players of the laparoscopic instruments market include Medtronic PLC, B. Braun, Karl Storz SE & CO. KG, Stryker Corporation, ConMed Corporation, and others. Some of the key strategies adopted by these players include product launch, merger & acquisition, expansion, and partnerships & collaborations. The market players adopt these strategies to sustain and capture the major market share in the global market. For instance, B. Braun in April 2018 opened five new medical production plants in Penang (a Malaysian state). This new state-of-the-art production characterizing the use of new technologies to manufacture medical instruments for surgery, pharmaceutical solutions and infusion therapy to treat patients in Malaysia and globally.

Global Laparoscopic Instruments Market- Segmentation

By Product Type

• Laparoscope
• Insufflator
• Energy Devices
• Laparoscopic Accessories

By Application

• Cardiac Surgery
• Gynecological Surgery
• Neurological Surgery
• Urological Surgery
• Others

By End-User

• Hospitals
• Surgical Centers

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Global Laparoscopic Instruments Market– Segment by Region

North America          

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific   

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Advanced Surgical Concepts Limited
• Apollo Endosurgery Inc.
• Applied Medical Technology, Inc.
• B. Braun Melsungen AG
• Cook Medical Incorporated
• ConMed Corporation
• Dufner Instrumente GmbH
• Elcon Medical Instruments GmbH
• Endocontrol SA
• Henke-Sass, Wolf GmbH
• Hermann Medizintechnik GmbH
• Integra, Inc.
• Intuitive Surgical Inc.
• Karl Storz SE & Co. KG
• Medtronic PLC
• Microline Surgical Inc.
• Olympus America Inc.

 

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