Laparoscopic instruments market by application & product 2021

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Laparoscopic Instruments Market by Application & Product - 2021 http://www.marketsandmarkets.com/Market-Reports/laparoscopic-instruments-market130019497.html

The report "Laparoscopic Instruments Market by Product (Laparoscope, Insufflator, Energy Device), Application (Bariatric Surgery, Colorectal Surgery, General Surgery), End User (Hospitals, Ambulatory Surgical Centers) - Analysis & Global Forecast to 2021", analyzes and studies the major market drivers, restraints/challenges, and opportunities.

Browse 124 market data tables 37 figures 191 Pages And in-depth TOC on ÍžLaparoscopic Instruments MarketÍ&#x;

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This report studies the global laparoscopic instruments market during the forecast period of 2016 to 2021. The market is expected to reach USD 11.68 Billion by 2021 from USD 7.61 Billion in 2016, at a CAGR of 8.9% during the forecast period. http://www.marketsandmarkets.com/Market-Reports/laparoscopic-instruments-market130019497.html

The market is dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to grow at the highest rate during the forecast period. The demand for laparoscopic instruments has been on the rise due to the growing physician and patient preference for minimally invasive procedures, particularly laparoscopic procedures.

Get The Sample Copy Of This Report: http://www.marketsandmarkets.com/requestsample.asp?id=130019497 The rise in the geriatric population, growing incidences of colorectal cancers and obesity and related disorders which can be treated with laparoscopic procedures, and technological advancements in laparoscopic instruments have further spurred the demand for laparoscopic instruments globally. The laparoscopic instruments market is segmented on the basis of products, applications, end users, and regions. http://www.marketsandmarkets.com/Market-Reports/laparoscopic-instruments-market130019497.html

By product, the laparoscopic instruments market comprises of laparoscopes, access devices, suction/irrigation systems, insufflators, energy devices, hand instruments, closure devices, and accessories. In 2016, the energy devices segment is estimated to account for the largest share of the laparoscopic instruments market and is also expected to be the fastest-growing market during the forecast period owing to the technological advancements in this product segment.

By application, the laparoscopic instruments market comprises bariatric surgery, gynecological surgery, general surgery, urological surgery, colorectal surgery, and pediatric

surgery. In 2016, the gynecological surgery instruments segment is estimated to account for the largest share of the laparoscopic instruments market and the bariatric surgery instruments segment is expected to be the fastest-growing market during the forecast period. http://www.marketsandmarkets.com/Market-Reports/laparoscopic-instruments-market130019497.html

Currently, laparoscopy is widely used in obstetrics and gynecology for diagnosis and treatment. However, the prevalence of obesity and related disorders and the preference for laparoscopic procedures in bariatric surgeries as it involves smaller incisions and lesser bleeding and post-operative complications are driving the adoption of laparoscopic instruments used in bariatric surgeries. For instance, in October 2015, Stryker Corporation launched the 45-cm version of bariatric laparoscopic instruments to capitalize on the

growing popularity of laparoscopic bariatric surgeries.

On the basis of end users, the market is divided into hospitals and ambulatory surgical

centers. In 2016, the hospitals segment is expected to account for the largest share of the market and the ambulatory surgical centers segment is expected to be the fastest-growing market during the forecast period.

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This is owing to government bodies, payers, and physicians promoting ambulatory laparoscopic procedures as it allows them to schedule procedures conveniently, avoid tedious hospitalizations, and save costs and hospital resources. Growth of healthcare markets in emerging economies and increasing number of free-trade agreements are likely to provide growth opportunities to the global laparoscopic instruments market.

However, reduced Medicare payments to healthcare providers in the U.S., growth of robotic surgery instruments as an alternative to laparoscopic instruments, and dearth of trained physicians is likely to restrain the growth of this market. On the basis of region, the laparoscopic instruments market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

The major players in this market include Karl Storz GmbH & Co.KG (Germany), Olympus Corporation (Japan), Medtronic plc (Ireland), B. Braun Aesculap (Germany), Stryker Corporation (U.S.), Richard Wolf GMBH (Germany), Ethicon, Inc. (U.S.), Smith & Nephew PLC (U.K.), Cook Medical Incorporated (U.S.), and ConMed Corporation (U.S.) among others.

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