Increase in Laparoscopic Surgeries Drives the Global Market for Laparoscopic Devices, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Laparoscopic Devices markets. Global market for Laparoscopic Devices is projected to reach US$8.5 billion by 2018, driven by growing demand for minimally invasive procedures, increased availability of highly trained surgeons, and growing popularity of single-incision laparoscopic surgery.

Laparoscopic Devices: A Global Strategic Business Report

Follow us on LinkedIn - Laparoscopic surgery represents one of the largest medical segments with about 7.5 million surgeries performed annually worldwide. Driven by a slew of associated benefits, laparoscopy has evolved into a surgical standard with a sizeable number of open surgeries shifting steadily to this surgical procedure over the past decade. Laparoscopically performed procedures are less invasive and offer significant cost savings in terms of pre and post operation care costs and length-of-stay at hospitals. Attributed to the efficiency of laparoscopy in diagnosing and treating various conditions, many healthcare systems and hospitals worldwide are adopting these procedures. Additionally, cost savings offered by laparoscopy for patients, hospitals and insurance companies through reduced risk of acquiring infections, post-operative complications and reduced hospital stay also play a vital role in propelling growth. Besides their increasing share and popularity in some of the established domains like gynecology, the use of laparoscopy for other indications is also being explored, which is expected to further augment procedure volumes.

As some of the laparoscopy procedures involve a higher degree of complexity, technologies are constantly evolving to meet the changing requirements in the OR and offer exceptional patient outcomes at reduced costs. Leveraging on feedback from surgeons, companies are redesigning their models to incorporate more ergonomics to minimize fatigue and enhance surgeon’s experience while performing complex and long duration surgical procedures. Introduction of various tools such as improved imaging systems, 3D laparoscopy systems, multiple robotic devices, temperature-controlled devices, and surgical instruments that offer enhanced manoeuvrability and rotation are expected to expand the use of laparoscopic techniques in future. With convinience playing a key role in laparoscopic instrumentation, there is growing demand for modular laparoscopic instruments. Multi-function instruments are rapidly emerging as a revolutionary concept in the laparoscopic devices market, with major industry players launching innovative products in response to this emerging trend.

The current trend in laparoscopic surgery is operating through a minimal number of incisions. The market has been witnessing increasing adoption of single-port surgery driven by medical and cosmetic benefits. The rise in adoption is also due to increase in high volume basic procedures such as appendicitis and gall bladder removal. Also, rising interest in smaller port and scarless surgeries is spurring interest in ultra slim instrumentation that allows surgeons to conveniently access the abdominal cavity through smaller holes. Growth in direct energy devices, the largest segment in the global market for laparoscopic devices is fueled by rapid technological innovations that are imparting user-friendly features for devices and are aiding wider acceptance. Hand-Assist Devices, which reduce injuries and enhance precision as well as accuracy of procedures, represents the second fastest growing segment of the laparoscopic devices market.

As stated by the new market research report on Laparoscopic Devices, the United States represents the single largest market, while Asia-Pacific and Latin America represent rapidly growing markets worldwide. Asia Pacific is forecast to grow at the fastest CAGR of 7.3% over the analysis period. Improving healthcare infrastructure and ability to perform laparoscopic procedures cost effectively are major factors driving growth in the region.

Major players covered in the report include Allergan Inc., Aesculap AG, Boston Scientific Corp., Cardinal Health Inc., Conmed Corporation, Covidien Ltd., Ethicon Endo-Surgery Inc. Intuitive Surgical Inc., Olympus Europa Holding GmbH, STRYKER Corp., and Teleflex, among others.

The research report titled "Laparoscopic Devices: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for product segments including Laparoscopes, Trocars, Insufflation and Suction/Irrigation Devices, Closure Devices, Hand Instruments, Direct Energy Devices, Gastric Band, Hand-Assist Devices, and Other Laparoscopic Devices. Geographic markets analyzed include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest of Latin America).

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Laparoscopic_Devices_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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