Laparoscopy is a diagnostic procedure used to observe the abdominal section of a body. The procedure is carried out with an instrument called laparoscope, which is a long tube with high intensity light and a camera at the front. The tube is inserted through a small incision made on the body surface. As the tube moves along, the camera attached sends images of the internal abdominal wall to a video monitor. The emergence of the 3D technology in the laparoscopy procedure has revolutionized the medical diagnostic testing process. 3D laparoscopy is characterized as a technique in which 3D images of the internal body structures are obtained.
Rising demand for a precise and superior quality of diagnostic tools and increasing usage of the laparoscopic technique worldwide are few of the drivers which are anticipated to boost the global 3D laparoscopy market during the forecast period. However, poor image quality obtained by the 3D technology and lack of awareness about 3D laparoscopic instruments are expected to restrain the market growth for 3D laparoscopy during the forecast period.
Globally, the 3D laparoscopy market has been segmented on the basis of product type, application, and end-user. Based on the product type, the global 3D laparoscopy market is divided into laparoscopes, trocars, insufflation devices, direct energy devices, closure devices, hand instruments, accessories, and others. The direct energy devices segment is projected to expand at a fast CAGR during the forecast period, which is attributed to the rising demand for minimally invasive surgical devices and the introduction of robot-assisted laparoscopic techniques. The closure devices and direct energy devices accounted for the highest market revenue in 2016 owing to the technological advancements of the 3D laparoscopy market and growth in the health care sector in the countries of Asia. The direct energy devices segment is projected to dominate the market during the forecast period owing to better quality of the output images and decrease in manual mistakes made by physicians.
On the basis of application, the market is segmented into gynecological surgery, general surgery, bariatric surgery, colorectal surgery, urological surgery, and others. The bariatric surgery segment accounted for the highest market revenue in 2016 owing to clinically efficient technology and better visualization of the internal wall of organs. Increasing demand for multifunctional devices and rapid advancement of 3D technology in medical diagnostics are major factors which are anticipated to propel the market growth of the bariatric surgery and general surgery segments during the forecast period. Based on end-user, the market is divided into hospitals and ambulatory surgical centers. The hospitals segment dominated the market in 2016 due to availability of trained and qualified physicians and rise in prevalence of gastrointestinal and gynecological disorders. Improved reimbursement policy is a major factor which is expected to boost the market growth of the segment during the forecast period.
Geographically, the global 3D laparoscopy market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market generated the highest market revenue in 2016 owing to rise in per capita expenditure of the population in the health care sector and high adoption rate of the 3D technology by physicians. Rising demand for minimally invasive surgical procedures with technologically advanced diagnostic tools is a major factor for the estimated high growth rate of the Asia Pacific market during the forecast period. However, North America is expected to continue to dominate the global 3D laparoscopy market during the forecast period owing to rise in investments by public and private players in the health care sector.
The prominent players operating in the global 3D laparoscopy market are Boston Scientific Corporation, Cook Group Incorporated, Fujifilm Holdings Corporation, Stryker Corporation, Intuitive Surgical Inc., KARL STORZ GmbH & Co. KG, Olympus Corporation, and Pridex.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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