Laparoscopic Devices Market Expected to Reach USD 12.3 Billion Globally in 2019: Transparency Market Research

ALBANY, New York, August 18, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Laparoscopy Devices Market (Laparoscopes, Irrigation Systems, Insufflation Devices, Trocars, Sample Retrieval Bags, Wound Protectors, Internal Closure Devices, Gastric Bands, Hand-Assist Devices, and Energy Systems) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," 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.

Laparoscopy devices are increasingly used in various surgeries due to increasing scope of applications. The demand for these devices emanate from increasing demand for minimally invasive medical procedures and the convenience these devices offer to surgeons. Furthermore, the increasing trend towards usage of laparoscopy for medical procedures in infants and children is expected to expand the global market in coming years. 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.

Browse the full Laparoscopic Devices Market Report at http://www.transparencymarketresearch.com/laparoscopic-devices-market.html

The global laparoscopy devices market has been segmented on the basis of equipment, applications and geography. On the basis of equipment, the market has been estimated for laparoscopes, irrigation systems, insufflation devices, trocars, sample retrieval bags, wound protectors, internal closure devices, gastric bands, hand-assist devices, and energy systems. The energy devices market is experiencing healthy growth and is expected to be the fastest growing segment in the global laparoscopy devices market. Replacement of traditional monopolar energy systems with advanced bipolar energy devices and more efficient ultrasonic energy systems is contributing to the accelerated growth of this market segment.

The global market for laparoscopy devices is driven due to benefits such as quick recovery and shorter hospital stay. The continuous advancements in the technology have evolved the laparoscopy devices in terms of ease of operation and ergonomic features. These devices find application in general surgery, bariatric surgery, colorectal surgeries, urological and gynecological surgeries. Among these surgeries, bariatric surgery is the largest application segment in the global laparoscopy devices market. The reason for this large share is the increasing obesity across the globe which have resulting into year-on-year rise in bariatric surgeries. In addition, the increasing number of cholecystectomy surgeries being performed using laparoscopes is also contributing significantly to the growth of overall laparoscopy devices market.

North America and Europe dominate the global laparoscopy devices market and are expected to maintain their lead position throughout the forecast period from 2013 to 2019. However, Latin America and Asia-Pacific regions are estimated to be most lucrative market in the future. The market drivers for these regions include large patient base, increasing disposable income, growing healthcare infrastructure and the most promising factor is the high prevalence of diseases in the countries of Latin America and Asia-Pacific.

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Some of the key players in the laparoscopy devices market are Ethicon Endo-Surgery (a subsidiary of J&J), Olympus, Covidien, Intuitive Surgical, Boston Scientific Corporation, Stryker, Smith & Nephew, Karl Storz, Aesculap, and ConMed.

The global laparoscopy devices market is segmented as follows:

Laparoscopy devices market, by Equipment 

• Laparoscope
• Irrigation system
• Insufflation devices
• Trocars
• Sample retrieval bag
• Wound protector
• Internal closure devices
• Gastric band
• Hand-assist devices
• Energy Systems

Laparoscopy devices market, by Application 

• General Surgery
  • Cholecystectomies
  • Hernia repairs
  • Appendectomies
  • Antireflux surgeries
• Bariatric Surgery
  • Gastric banding
  • Gastric bypass
  • Sleeve gastrectomies
• Colorectal Surgeries
• Urological Surgeries
  • Prostatectomies
  • Nephrectomies
• Gynecological Surgeries

Laparoscopy devices market, by Geography