According to Data Bridge Market Research new market report, global laparoscopic instruments market accounted to USD 8.43 billion in 2017 growing at a CAGR of 8.5% during the forecast period of 2018 to 2025.
Global Laparoscopic Instruments Market
Laparoscopy is a less invasive surgical technique preferred by physician and patient globally. It’s mainly used to diagnose problems such as cysts, adhesions, fibroids, and infection. The use of disposable laparoscopic instruments decreases the risk of infection during surgical procedure. Increase in the geriatric population, rising occurrences of colorectal cancers and obesity and related disorders are some driving factors which boosted the demand for laparoscopic instruments worldwide.
Disposable laparoscopic devices are used in various other surgeries such as general surgery, bariatric surgery, colorectal surgery, urologic surgery, gynaecologic surgeries and others.
Global laparoscopic instruments market is segmented on the basis of product, application, end user and geography.
By Product (Laparoscopes, Energy Devices, Accessories), By Application (Gynecological Surgery, Colorectal Surgery, Pediatric Surgery), By End User (Hospitals, Ambulatory Surgical Centers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING LAPAROSCOPIC INSTRUMENTS MARKET
Rising prevalence of colorectal cancer patients
Colorectal cancer is a cancer that starts in the colon or the rectum. These cancers can also be named colon cancer or rectal cancer, depending on where they start. Most colorectal cancers start as a growth on the inner lining of the colon or rectum. These growths are called polyps. According to World Cancer Research Fund, Hungary had the highest rate of colorectal cancer in 2018, followed by South Korea.
Few of the major competitors currently working in the global laparoscopic instruments market are Johnson & Johnson Services (Ethicon, Inc.), Karl Storz GmbH & Co.KG , Boston Scientific Corporation, Medtronic (Covidien) , Olympus Corporation, Richard Wolf GmbH., CONMED Corporation, B. Braun Melsungen AG (Aesculap, Inc.), Smith & Nephew PLC., Stryker, Intuitive Surgical Inc., Silex Medical, LLC, Life Care Medical Devices Limited, Cook Group, Fortimedix Surgical, TransEnterix, Inc., Encision Inc., Applied Medical Resources Corporation, Microline Surgical Inc., MedGyn Products, Inc., Sklar Surgical Instruments, Tetra Surgical Industries, KLS Martin Group and Hill-Rom Services Inc.
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