High-definition Laparoscopy Market Forecast and CAGR
According to the recent research by Persistence Market Research, the high-definition laparoscopy market is set to witness 5.7% growth during the forecast period from 2021 to 2031.
The growth in the high-definition laparoscopy market will be experienced due to the increasing physician and patient preference for laparoscopic procedures in the world. Therefore, the growth in high-definition laparoscopy will be expected at a significant CAGR.
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What is Driving Demand for High-definition Laparoscopy?
A laparoscope is a medical device that consists of a long, thin tube having a high-intensity light and a high-resolution camera. The camera is used to transmit images for monitoring the abdomen while travelling through it.
The high-definition laparoscopy market is primarily driven by the wide range of applications in the diagnosis and treatment of endometriosis, pelvic inflammatory disease (PID), ectopic pregnancy, cysts, and fibroids.
Every year a large number of laparoscopic procedures is done for various conditions like endometriosis in the world which fuels the market and increase the sale of high-definition laparoscopic devices.
For instance, according to WHO data in 2020, endometriosis affects approximately 10% of women of reproductive age women and girls in the world.
Thus, all these factors are playing a crucial role in driving the demand for high-definition laparoscopy in the future.
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Rising application of Laparoscopic Instruments Likely to Propel the Growth of High-definition Laparoscopy Market
The laparoscopic instruments have a wide range of applications in colorectal, urologic, bariatric, and gynecologic surgeries. An increasing number of bariatric surgeries, the development of the healthcare infrastructure, and the growing number of gynaecological and urological procedures fuel the market growth.
For instance, according to the Fourth IFSO Global Registry Report 2018, a total of 394,431 bariatric surgeries took place in hospitals in 51 major countries of the world.
People visit hospitals frequently for regular health check-ups because of increasing health consciousness which results in a rise in the number of hospitals, which results in enhanced demand for laparoscopic instruments and boosts the Laparoscopy Instruments market.
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The U.S. and Canada High-definition laparoscopy Market Outlook
U.S. and Canada will remain the chief players in the high-definition laparoscopy market worldwide. This is predominantly due to the technological development in the region.
Also, rising cases of obesity-related surgeries, and gynaecological surgeries in the region. For instance, according to the data by the American Society for Metabolic and Bariatric Surgery (ASMBS), more than 200,000 people in the U.S. underwent a weight-loss operation in the year 2017.
Thus, there will be increased sales experienced in the region during the forecast period.
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Europe Demand Outlook for High-definition Laparoscopy
The demand for high-definition laparoscopic devices is high in Europe due to the presence of key players in the region. These manufacturers are actively involved in developing high-definition laparoscopic devices.
For instance, LaproSurge, a U.K. based manufacturer and international supplier of high-quality single-use devices for laparoscopic surgery such as Monopolar Scissors, Monopolar Graspers and Dissectors, Bipolar Dissectors, and Diathermy Monopolar Electrodes.
Similarly, there are many more manufacturers are present in the region that develops and distribute high-definition laparoscopic devices in the world and drive the market.
Who are the Key Manufacturers and Suppliers of High-definition Laparoscopy?
Some of the key players of high-definition laparoscopy are
- Karl Storz GmbH & Co. KG
- ConMed Corporation
- Olympus Corporation
- Richard Wolf GmbH
- Medtronic plc
- B. Braun Aesculap
- Stryker Corporation
- Ethicon Inc.
- Smith & Nephew plc
They follow strategies like merger & acquisition, new product launch, and others. For instance, in March 2019, Olympus Corporation along with Oita University and Fukuoka Institute of Technology participated in the project called “Development of Medical Devices and Systems for Advanced Medical Services”.
By Product Type
- Energy Devices
- Access Devices
- Closure Devices
- Bariatric Surgery
- General Surgery
- Gynaecological Surgery
- Urological Surgery
- Colorectal Surgery
- Paediatric Surgery
By End User
- Ambulatory surgical centers
- Speciality clinics
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa
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The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
High-definition Laparoscopy Market Report Highlights:
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size recent industry trends
- Key Competition landscape
- Strategies for key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
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