LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global laparoscopic devices market to grow at a CAGR of over 8% during the forecast period, according to their latest market research report. The growth momentum of the market is expected to accelerate in the year-over-year growth.
The growing popularity of robot-assisted laparoscopic surgery is one of the major trends being witnessed in the global laparoscopic devices market 2019-2023. Laparoscopic surgery is an MI surgical procedure that allows surgeons to perform complex procedures using laparoscopes and instruments. In recent years, robotic laparoscopic surgery is gaining momentum among healthcare centers because of the increasing advances in visualization, improved ergonomics and instrumentation. Robot-assisted systems have significantly improved surgical outcomes and reduced recovery time, which is increasing its usage and thus, driving the growth of the market.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
According to Technavio analysts, one of the key factors contributing to the growth of the global laparoscopic devices market is the increasing popularity of MI techniques:
Global laparoscopic devices market: Increasing popularity of MI techniques
Healthcare providers have encouraged the shift from traditional open surgeries to MI techniques because open surgeries are more painful and require a long hospital stay compared with MI techniques. Laparoscopic surgery has various advantages over open surgical procedures, including high success rates, low medical expenses, and short hospital stays which increase the demand for MI procedures and contribute to market growth.
According to a senior analyst at Technavio, “The awareness of MI techniques among healthcare providers are increasing. Thus, vendors are innovating and introducing several laparoscopic instruments and accessories. For instance, Stryker offers laparoscopes with sapphire and rod lens technology for detailed identification and superior transmission, which maximizes the image quality. The increase in development and introduction of such laparoscopic devices is expected to drive the adoption of these devices, thereby contributing to the market growth.”
Global laparoscopic devices market: Segmentation analysis
The global laparoscopic devices market research report provides market segmentation by product (instruments and accessories and laparoscopes) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas held the largest share of the market in 2018, accounting for close to 47% share. It was followed by EMEA and APAC respectively. The dominance of the Americas can be attributed to the increasing popularity of MI techniques and high growth potential in emerging economies
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
