Covidien and Ethicon Lead 2014 U.S. Laparoscopic $3.5 Billion Device Market

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A new report by the iData Research - iData Procedure Tracker™ reveals that growth in laparoscopic device markets will exceed procedure growth rates due to the continuing development of higher-priced multifunctional devices.

“Laparoscopic procedures are experiencing significant growth, often at the expense of open surgical procedures."

According to a new report by iData Research, Ethicon and Covidien lead the U.S. disposable and reposable laparoscopic market, most notably in the closure device and energy device markets. This market is valued at more than $3.5 billion in 2014.

“Laparoscopic procedures are experiencing significant growth, often at the expense of open surgical procedures,” explains Dr. Kamran Zamanian, CEO of iData. “Large amounts of resources have been allocated to researching and developing more advanced tools to refine the process of conducting laparoscopic procedures.” The higher costs and the increases in laparoscopic procedures will continue to drive growth in all laparoscopic device markets.

Other key findings from the iData Research report entitled U.S. Laparoscopic Device Market – 2015:

Rise in Gastrectomy Procedures: The number of laparoscopic procedures performed has been growing steadily over the last few years, and experienced high growth in 2013 due to the significant spike in laparoscopic sleeve gastrectomy procedures. Bariatric surgeons have been favoring the sleeve gastrectomy procedure as the ideal obesity intervention method.

Top 3 Laparoscopic Procedures by State: The three states that have the highest number of laparoscopic procedures performed are California, Texas and Florida. Even though the population of some of these States such as Florida & New York are comparable, the procedure data is vastly different.

A Move Towards Reposable Devices: Olympus’ THUNDERBEAT™ is a cost-effective way for hospitals to employ both direct energy and ultrasonic energy with one device. By combining both advanced bipolar and ultrasonic energy, it allows surgeons to cut and seal vessels with ease.

Covidien is leading the direct energy and closure device market. Covidien’s LigaSure™ devices allow the company to gain a commanding position in the direct energy device segment. The LigaSure™ vessel sealing system has been the most successful of the advanced bipolar devices, outcompeting Ethicon’s ENSEAL® device over the last few years. The LigaSure™ bipolar device allows vessel dissection, sealing, and division, all from a single instrument.

For Further Information
This in-depth look at the laparoscopic market is part of a new report published by iData entitled “U.S. Laparoscopic Device Market – 2015”, which covers the U.S. laparoscopic market as a whole, as well as the following market segments:

  •     Access Device Markets
  •     Hand Instrument Markets
  •     Insufflation Device Markets
  •     Suction-Irrigation Device Markets
  •     Direct Energy Device Markets
  •     Ultrasonic Device Markets
  •     Hand-Assisted Device Markets
  •     Closure Device Markets
  •     Gastric Band Markets
  •     Powered Morcellator Markets
  •     Female Sterilization Device Market

The global series on the “Laparoscopic Device Market” covers 16 countries including the U.S. and 15 Countries in Europe. The full reports provide a comprehensive analysis including units sold, procedure numbers nationally and by State in the U.S., market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment.

Register online or email us at info@idataresearch.net for a complimentary U.S. Laparoscopic Device Market – 2015 report brochure and synopsis.

About Procedure Tracker™
Define and analyze procedure data segmented by State, region, hospital, surgery centre, and physician. Using iData’s customizable dashboard, sort procedure data of your choice to further analyze and research any of the following U.S. procedure categories:

  •     Gastric Band Procedure
  •     Gastric Bypass Procedure
  •     Sleeve Gastrectomy Procedure
  •     Anti-Reflux Procedure
  •     Colectomy Procedure
  •     Cholecystectomy Procedure
  •     Nephrectomy Procedure
  •     Appendectomy Procedure
  •     Adrenalectomy Procedure
  •     Hernia Repair Procedure
  •     Hysterectomy Procedure     
  •     Female Sterilization Procedure

Information you need to make critical marketing, sales and product decisions in the medical device, and pharmaceutical industries.

About iData Research
iData Research (http://www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Diabetes Drugs, Diabetes Devices, Pharmaceuticals, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmics, Endoscopy, Gynecology, Urology and more.

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Caroline Lau
iData Research
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