The laparoscopic devices market is witnessing significant growth owing to the increase in procedure volumes, which is supported by the advantages offered by minimum invasive surgeries. Access devices, hand instruments, and internal closure devices have remained the largest segments for the past few years; however, a number of smaller segments are growing rapidly, particularly the gastric band devices and hand assist devices. 

The laparoscopy devices industry is further expected to grow due to the introduction of less invasive techniques like single port laparoscopy. Single port laparoscopy technique was adopted on a minimum scale in the past few years; however, it is expected to increase over the forecasted period. With the adoption of single port laparoscope techniques, sales of articulating devices and single port access devices will continue to grow. The European market is expected to witness considerable growth, thus reaching the value of USD 815 million in 2015. Significant rise in expenditure on healthcare services in the past few years is consequently leading to a bright future for the laparoscopy devices industry.  Usage of narrow band imaging for better visualization is also driving the laparoscopy market; however, risk of using such laparoscopy devices can pose serious challenge to the growth of this market. 

Laparoscopy devices are medical devices aiding in the performance of laparoscopy procedures. Laparoscopy is a medical procedure which involves surgeries through minimal abdominal or pelvic incisions. The minimal invasive nature of the laparoscopy devices is the major factor driving the sales of laparoscopy devices as such a nature reduces hospital time, is scar less and has fast recovery times. Some of the other factors driving the sales of laparoscopy devices market are: rising number of occurrences of bodily disorders treatable by a laparoscopy procedure such as obesity, gastro intestinal diseases and gynecological disorders. 

The laparoscopy devices market is a technology driven market and technological advancements enables novel market penetrations. An example of such a penetration is the application of laparoscopic procedures in the field of pediatrics. Development in laparoscopic imaging technologies such as the introduction of 3D imaging and the invention of single port laparoscopic procedures are some of the factors fuelling the future laparoscopy devices market growth. 

The North American region holds the majority of the market share in the laparoscopy devices market followed by the Europe. The Asia Pacific region is rapidly catching up with the rest of the market leaders as it holds the USP (Unique Selling Proposition) of providing laparoscopic procedures at a relatively cheaper price. Although the laparoscopic traditional multiple port procedure holds the majority of the market share in the laparoscopy technology market, its leadership is threatened by the invention of a ground breaking laparoscopic technology – “single port laparoscopic technology”.