Laparoscopic Instruments market research report by 2020 to 2026
A
research study conducted by Global Market Insights, Inc., suggests that Laparoscopic
Instruments market is likely to exceed the $ 20 billion mark by 2026,
in terms of revenue. owing to the rising incidence of colorectal cancer.
According to reliable estimates, colorectal cancer is the third most common
cancer diagnosis with death due to cancer seen in both men and women across
industrialized nations. Given the increasing prevalence of cancer cases, the
demand for laparoscopic procedures will also increase tremendously, thereby
boosting the market growth.
With
ongoing technological advancements and new innovations, the laparoscopic
instruments market is slated to further witness tremendous growth over the
coming years. While robotic surgery is not new in the medical field, new
advancements in the field of robotic hardware and software will augment the
next gen of tools and instruments that would enhance the skills of physicians
and patient outcomes
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In terms of application, the
gynecological application segment held a market share of over 30% in 2019. This
is ascribed to the increasing number of gynecological laparoscopic procedures
like tubal ligation, ovarian cyst removal, and hysterectomy. Additionally,
growing awareness programs pertaining to gynecology surgery and increasing
funding for research projects will drive the industry growth over the projected
time period.
With respect to end-use, hospitals
end-use segment is anticipated to witness growth at a CAGR of over 11.0%
through the forecast time period. The immense segment growth is ascribed to the
factors such as higher flexibility of scheduling, surgeries at lower price,
increasing minimally invasive surgical procedures, and improved patient
experience. Moreover, increasing number of admissions in hospitals that are
related to the numerous medical conditions that require surgical intervention
will elevate the industry growth. The aforementioned factors will lead to
rising demand as well as adoption of these instruments, thereby propelling the
industry growth.
On the geographical front, in 2019,
Germany held a market share of around 22.0%, dominating the laparoscopic
instruments market in Europe. Rising preference of patients as well as
healthcare providers towards the minimally invasive surgeries is slated to
increase the adoption of these surgical instruments in Germany. Furthermore,
the development of novel technologies associated to laparoscopic instruments
will enhance the market growth across the country.
The increasing inclination of
healthcare professionals towards MIS (minimally invasive surgeries) assisted by
robotics is also being witnesses across Asia-Pacific countries such as India.
With technological advancements, robotic surgery is increasingly being adopted
by Indian surgeons. The rising cases of cancer in India has also propelled the
demand for robotic-assisted surgeries. Though the number is less at present,
over the upcoming years robotic surgery will gain more impetus in the medical
field, mainly in critical areas like general surgery, gynecology, urology. This
would create more growth opportunities for the regional industry.
Browse key industry insights spread
across 395 pages with 640 market data tables & 18 figures & charts from
the report, “Laparoscopic Instruments Market Size, By Product
(Laparoscopes {Video Laparoscopes, Fiber Laparoscopes}, Energy Devices,
Insufflators, Suction Systems, Closure Devices, Hand Instruments, Access
Devices, Laparoscopic Accessories), By Application (Gynecological Surgery,
General Surgery, Urological Surgery, Colorectal Surgery, Bariatric Surgery,
Pediatric Surgery), By End-use (Hospitals, Ambulatory Surgical Centers),
Industry Analysis Report, Regional Outlook, Application Development Potential,
Competitive Market Share & Forecast, 2020 – 2026” in
detail along with the table of contents:
https://www.gminsights.com/industry-analysis/laparoscopic-instruments-market
On the geographical front, in
2019, Germany held a market share of around 22.0%, dominating the laparoscopic
instruments market in Europe. Rising preference of patients as well as
healthcare providers towards the minimally invasive surgeries is slated to
increase the adoption of these surgical instruments in Germany. Furthermore,
the development of novel technologies associated to laparoscopic instruments
will enhance the market growth across the country.
Stryker Corporation, Karl Storz
GmbH, CONMED Corporation, Intuitive Surgical, Microline Surgical, Ethicon Inc.,
Olympus Corporation, Boston Scientific, Smith & Nephew Inc., Aesculap,
Medtronic Plc (Covidien), Richard Wolf GmbH, Intuitive Surgical, Apollo
Endosurgery, and Cook Medical Inc. among many others are some of the key
players operating in the laparoscopic instruments market.
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