(PharmaNewsWire.Com, February 06, 2018 ) The Asia-Pacific Laparoscopy Device Market was worth $1.09 billion in 2016 and estimated to be growing at a CAGR of 8.23%, to reach $1.62 billion by 2021. Asia Pacific will offer great opportunities to this market in the coming years. This region market will grow at a much higher rate compared to the market in the US and Europe.
he use of laparoscopy devices permits greater accuracy, which is why these devices are progressively becoming an integral part of operation units. Driven by a skid of supplementary benefits, laparoscopy has developed into a surgical standard with ample number of open surgeries shifting gradually to this surgical procedure over the past few years. Due to the increasing distresses about the occurrence of morbid obesity and a huge population with unusual high body weight, bariatric procedures are becoming a commonality. Quick recovery and reduced hospital stay are the advantages of laparoscopy devices for surgeries which is supporting the growth of the market. The growth of this market is restrained due to few reasons such as side effects associated with the use of laparoscopic devices and high cost of devices.
The Asia-Pacific 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, China, India, Japan, South Korea and Australia. Due to increasing in geriatric population in the countries like India and China, the market is estimated to experience robust growth in the forecast period. 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.
Market Segmentation 1) By Product Type Internal Closure Devices Hand Access Instruments Robotic Assisted Surgical System Laparoscopes Direct Energy Systems Insufflation Devices 2) By Therapeutic Application Colorectal Surgery Gynaecological Surgery General Surgery Bariatric Surgery Urological Surgery 3) By End Users Hospitals Ambulatory Surgical Centers Clinics
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