Direct Energy System Devices Remain Highly Sought-after
Direct energy system devices continue to be the bestselling laparoscopic devices, accounting for more than 1/4th of overall sales. Laparoscopes and disposable laparoscopic instruments such as access devices (or trocars) collectively represent over a third of global market value, which would be a continuing trend in the market through the end of forecast period. Internal closure devices, though have been witnessing a promising rate of adoption over the recent past, are most likely to experience a measurable dip in sales during the period of projection.
Developed Regional Markets Make up for over 50% of Global Sales
North America and Europe continue to be the significant contributors to global laparoscopic devices market value. Although these regional markets collectively account for more than 50% of total sales, there are strong indications that developing regional markets such as Asia Pacific excluding Japan (APEJ) and Latin America will display an attractive growth potential in the following years. This can be attributed to the heightening demand for bariatric surgery and increasing establishment of manufacturing bases across these regions.
Manufacturers Should Emphasize Training and Promotions
Laparoscopic devices manufacturers are focusing on promotional activities to create awareness among patients about the advantages of minimally invasive surgeries over traditional surgical procedures. Companies are also conducting training programs for surgeons to enable them upskill on the new laparoscopic surgical procedure, which in turn is contributing to the growth of market for laparoscopic devices.
Some of the companies that are already organizing trainings on the latest laparoscopic surgery techniques include Ethicon Endo Surgery (a subsidiary of Johnson & Johnson), Olympus Corporation, and Medtronic plc. These and more such promotional activities will continue to spur the growth of laparoscopic devices market over the forecast period.
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How Growth will Unfold
General surgery has been a traditional area of therapeutic application for laparoscopy device manufacturers. While adoption for general surgery will continue to sustain at a moderate pace throughout the next decade, higher adoption of laparoscopic devices for therapeutic applications such as bariatric and colorectal surgery would be a major highlight.
These two application areas currently account for a collective revenue share of around 60% in market. However, bariatric surgery is set to emerge as the ultimate winner and a significantly lucrative application category towards the end of projection period.
LAPAROSCOPIC DEVICES MARKET TAXONOMY
The global laparoscopic devices market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
- Direct Energy System Devices
- Trocars/Access Devices
- Internal Closure Devices
- Hand Access Instruments
- Insufflation Devices
- Robotic Assisted Surgical System
- Bariatric Surgery
- Colorectal Surgery
- General Surgery
- Gynecological Surgery
- Urological Surgery
- Ambulatory Surgical Centers
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East and Africa (MEA)