Bariatric surgeries are increasingly performed globally for weight reduction and approximately 90% of these procedures use laparoscopy devices. These surgeries form largest application segment among the global laparoscopy devices market. In 2008, the World Health Organization estimated that 1.4 billion adults (20 years and older) were overweight of which 500 million people were obese. Approximately 3.4 million adults die annually due to overweight and obesity and this alarming figure indicates the great potential for bariatric surgeries which will drive the global laparoscopy device market. The global laparoscopy devices market was valued at USD 7.5 billion in 2012 and is expected to grow at a CAGR of 7.1% from 2013 to 2019, to reach an estimated value of USD 12.3 billion by 2019.
The global laparoscopy devices market comprises of equipment such as laparoscope, irrigation system, insufflation devices, trocars, sample retrieval bag, wound protector, internal closure devices, gastric band, hand-assist devices, and energy systems. The segments accounting for large shares in the market include energy systems, trocars, internal closure devices and laparoscope. Although the global market is exhibiting healthy growth rate of 7.1% CAGR over the forecast period, its growth is restrained by certain side effects of laparoscopic procedures, risk of carbon dioxide emissions, and rapidly changing technologies. Introduction of newer technologies will create need for adaptive endoscope accessories. The introduction of innovative techniques such as HD systems in diagnostic instruments, HD cameras and HDTV three chip systems the demand for advanced endoscopy devices have been triggered and this scenario will continue in future.
On the basis of applications, the global market for laparoscopy devices is segmented into five major segments, namely, general surgery, bariatric surgery, colorectal surgeries, urological and gynecological surgeries. General surgery accounts for the largest share in the market but the bariatric surgery is the fastest growing application segment immediately followed by colorectal surgery application. The increasing adoption of laparoscopic surgeries for colorectal cancer treatment is due to smaller incisions compared to open colectomy which results into faster recovery and less pain after surgery.
In 2012, North America held the majority share in the global laparoscopy devices market followed by Europe which accounted for the second largest share. These two regions together account for more than 60% of global laparoscopy devices market and are expected to retain their position throughout the forecast period 2013 to 2019. The larger share garnered by these geographies is primarily due to the high disposable income of consumers and the presence of advanced diagnostic and therapeutic technologies in these regions. Asia-Pacific is the most promising geography in the global laparoscopy devices market closely followed by Latin America. Increasing healthcare infrastructure in these regions has led to surging medical tourism market which elucidates rising need of laparoscopy devices these regions. In Rest of the World (RoW), South Africa is the only prominent country where measurable growth in business of laparoscopy devices will be exhibited. Ethicon Endo Surgery (a subsidiary of J&J), Olympus, Covidien, Intuitive Surgical, Boston Scientific Corporation, Stryker, Smith & Nephew, Karl Storz, Aesculap, and ConMed are some of the major companies operating in the laparoscopy devices market.

Laparoscopy Devices Market: Snapshot

With the advancement in technology, surgeons and patients both, are preferring minimally invasive medical procedure compared to open surgeries. This procedure provides scar-free operation, lesser loss of blood from the body, lesser hospital stay, and early recovery altogether. Laparoscopy is as well a type of minimally invasive technique. This technology treats and manages urological and gastrointestinal ailments more precisely as compared to conventional surgeries, with more efficiency.

The research report presented here provides with in-depth analysis of different segments, along with their market figures and the leading ones under each segregation. The market figure presented in this report are based on thorough analysis in terms of sales, price, revenue, and volumes. Apart this, it consist of several driving factors, point that are likely to hamper the market, and key players around the globe.

The worldwide laparoscopy market is foreseen to grow with a robust CAGR of 7.2% within the forecast period from 2013 to 2019. In year 2012, the market was evaluated to be worth US$ 7.5 bn. This value is foreseen to rise around US$ 12.3 bn by year 2019.

Laparoscopy Devices Market: Trends and Opportunities

The key market driver for the worldwide market for laparoscopy devices are favorable circumstances, for example, lesser hospital stay, and speedy recovery from the disease. The ceaseless advances in these devices have made them an indispensable piece of operation units. The greatest utilization of laparoscopy devices is seen in bariatric surgeries, because of the rise in number of overweight people over the globe. Besides, the developing number of cholecystectomy surgeries performed all over the world is likewise influencing a growth in demand for the worldwide laparoscopy devices in the market.

The development of laparoscopy devices market is controlled by risk of carbon dioxide emission, certain symptoms of laparoscopic procedures, and quickly evolving innovations. Presentation of more current advancements will create requirement for versatile endoscope accessories. The launch of innovative procedures, for example, HD cameras and HDTV three chip frameworks, HD frameworks in diagnostic instruments, the requirement of smart endoscopy devices have been activated and this scene is likely to continue in coming years as well.

Laparoscopy Devices Market: Geographical Analysis

North America held the dominant part of shares in the worldwide laparoscopy devices market, in year 2012. It was trailed by Europe which represented the second biggest amount of share. These two areas together recorded for over 60% of worldwide laparoscopy devices market and are relied upon to hold their position within the gauge period. The bigger shares earned by these regions are mainly because of the high disposal income of the people and the emergence of advanced therapeutic and diagnostic techniques in these region. Asia-Pacific is among most lucrative region in the worldwide laparoscopy devices market, trailed by Latin America. Expanding healthcare framework has prompted surging medical tourism market which illustrates rising need of laparoscopy devices in these areas.

Laparoscopy Devices Market: Companies Mention

The worldwide laparoscopic devices market is commanded by a couple of players, and the market is developing at a huge rate. Albeit propelled surgeries, for example, gastrointestinal, gynecology, and general surgeries are costly, the market is developing and shows enormous development open doors for merchants because of the developing number of laparoscopic techniques around the world. In 2015, Medtronic, Ethicon, and Olympus together represented around half of the worldwide market and depicted their strength. Apart these, Intuitive Surgical, Covidien, Boston Scientific Corporation, Smith & Nephew, Stryker, Karl Storz, ConMed, and Aesculap are some of the leading firms in the global market.