(PharmaNewsWire.Com, September 28, 2017 ) The North America Laparoscopy Device Market was worth $2.96 billion in 2016 and estimated to be growing at a CAGR of 7.08%, to reach $4.16 billion by 2021. North America is the leading region of laparoscopy devices market followed by Europe.
Laparoscopy is a technique performed through key hole insertion procedure and requires minimum instrumentation. A minor camera and a light source attached to a flexible tube permit the surgeons to move special laparoscopic devices to the target area and perform surgical procedures. Surgeries related to pancreas, liver, colon and bile duct are majorly performed through the technique of laparoscopy.
Adoption of laparoscopic devices among healthcare professionals is increasing with the growing advancements. Laparoscopy device market is mainly driven by adoption of subscription commerce-based model for product selling and increasing private and foreign investments. Pricing of the devices is reduced by the manufactures to remain competitive in the market which is also fuelling the market growth. Major restrain for the market is lack of skilled surgeons to operate the devices.
The North America laparoscopic market is segmented on the basis of product into internal closure devices, hand access instruments, robotic assisted surgical system, laparoscopes, direct energy systems and insufflation devices. Based on therapeutic application the market is divided into colorectal surgery, gynaecological surgery, general surgery, bariatric surgery and urological surgery. On the basis of end-users the market is bifurcated into hospitals, clinics and ambulatory surgical centers. Direct energy system devices segment has accounted for maximum share in 2016 and is projected to register a healthy CAGR in the forecast period. Based on geography the market is analysed under various regions namely, USA and Canada. USA is the largest market in the region and globally followed by Canada. Increasing awareness in the region is the major factor driving the market.
Some of the major players in the laparoscopy market are Boston Scientific Corporation, Karl Storz, ConMed, Aesculap, Covidien, Olympus, Intuitive Surgical, Stryker, Medtronic, B. Braun Melsungen AG, Ethicon US LLC and Smith & Nephew.
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