Press release
Laparoscopic Devices Market size was valued at USD 6.70 Bn. in 2021 and the total revenue is expected to grow at a CAGR 6.6% through 2021 to 2029, reaching nearly US$ 11.17 Bn.
Laparoscopic Devices Market
The report provides a comprehensive analysis of the Laparoscopic Devices Market, including market size, trends, growth factors, and key players in the industry. The report covers various segments of the market, including Energy Systems, General Surgery, Bariatric Surgery, and End-users like Hospitals and Ambulatory facilities. Additionally, the report offers regional insights, focusing on North America as a leading market.
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Laparoscopic Devices Market Research Methodology:
The report employs rigorous research methods, incorporating PORTER, SVOR, and PESTEL analysis, along with assessing the potential impact of micro-economic factors on the market. It presents a clear understanding of market dynamics, structure, and key segments, offering stakeholders valuable insights for decision-making.
What are Laparoscopic Devices Market Dynamics:
Increased use of minimally invasive procedures over open procedures is anticipated to drive market expansion throughout the forecast period. Since laparoscopic procedures are less intrusive, less expensive, and enable quicker recovery than other procedures. Additionally, insurance is available worldwide and covers practically all minimally invasive surgeries. The market for laparoscopic devices is anticipated to grow as a result of these causes.
Laparoscopic Devices Market Regional Insights:
North America leads the Laparoscopic Devices Market, with a market share of 35.8% in 2021. The region's growing healthcare infrastructure, advanced technologies, government support, and insurance policies are driving market expansion. Healthcare spending is increasing, which is expected to boost the market further.
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What is Laparoscopic Devices Market Segmentation:
by End User
• Hospitals
• Clinics
• Ambulatory
by Application
• Bariatric Surgery
• Colorectal Surgery
• General Surgery
• Urological Surgery
• Others
The hospital sector is anticipated to maintain market expansion and had the biggest market share of 61% during the projection period, with a CAGR of 7.1%. The implementation of growth strategies by market participants and the improvement of technology are two important aspects that have contributed to the industry's expansion. Furthermore, the laparoscopy device market is anticipated to grow throughout the forecast period as a result of hospital authorities installing and using the most modern medical facilities. Hospitals today provide a variety of affordable treatment options, as well as insurance services provided by the hospital administration. According to the American Society for Metabolic and Bariatric Surgery, around 256,000 Americans will get bariatric surgery to treat their weight in 2021.
During the forecast period, the market for bariatric surgery grew at a CAGR of 7.8%, which was considerable. due to the increasing use of laparoscopes in gynaecology, urology, general surgery, and surgeries for colon cancer and obesity.
Who are Laparoscopic Devices Market Key Players:
• Medtronic
• Stryker Corporation
• Karl Storz SE & CO. Kg
• Johnson and Johnson
• Olympus Corporation
• CONMED Corporation
• B. Braun Melsungen AG
• The Cooper Companies Inc.
• Richard Wolf GmbH
• Microline Surgical
• BD
• Welfare Medical Ltd.
• DEAM
• Intuitive Surgical
• Shenzen Mindray Bio Medical Electronics Co., Ltd.
Table of content for the Laparoscopic Devices Market includes:
Global Laparoscopic Devices Market: Research Methodology
Global Laparoscopic Devices Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Laparoscopic Devices Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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