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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global laparoscopic devices market. Market segmentation includes product types (Energy Devices, Access Devices, Closure Devices, Laparoscopes, Robot-Assisted Surgery Systems, Hand Instruments, Insufflators, and Other Product Types).

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24 November 3:44 a.m., Silicon Valley, California - According to the new market research report, the global market for Laparoscopic Devices is projected to grow at a CAGR of 6.5% reach US$16.9 billion by 2027, driven by technological advancements, increasing efficiency, and safety of procedures. Driven by a slew of associated benefits, the segment has evolved into a surgical standard over the past decade with several open surgeries shifting steadily to the surgical procedure. Laparoscopically performed procedures are less invasive and offer significant cost savings in terms of pre and post operation care costs and length-of-stay at hospitals. Moreover, these procedures offer faster healing time than conventional procedures. Owing to their ability to offer greater precision and ensure reliable functionality, laparoscopy devices are now becoming an integral part of operating rooms and the present-day surgical landscape. Today, laparoscopy is considered as a surgical standard with growing number of procedures that were previously done as open surgery now gradually shifting to laparoscopic surgery. Attributed to the efficiency of laparoscopy in diagnosing and treating various conditions, many of the healthcare systems and hospitals worldwide are adopting these procedures. Additionally, cost savings offered by laparoscopy for patients, hospitals and insurance companies through reduced risk of acquiring infections, post-operative complications, and reduced hospital stay also play a vital role in propelling growth. Besides their increasing share and popularity in some of the established procedures, the use of laparoscopy for other indications is also being explored, which is expected to further fuel the growth of laparoscopic devices.

As some of the laparoscopy procedures involve a higher degree of complexity, technologies are constantly evolving to meet the changing requirements in the OR and offer surgeons the ability to achieve exceptional patient outcomes at reduced costs. Over the years, significant developments have been made in the instrumentation space that has brought laparoscopic surgery to a whole new level. Leveraging on feedback from surgeons, companies are also redesigning their models to incorporate more ergonomics to minimize fatigue and enhance surgeon's experience while performing complex and long duration surgical procedures. The recent years have also witnessed a significant improvement in the techniques focused on minimizing the number of ports to achieve better cosmetic results. Among the new techniques, single incision laparoscopic surgery (SILS) and natural orifice transluminal surgery (NOTES) are gaining ground due to improved outcomes of minimal access surgery. This is paving way for the development of solutions aimed at enhanced ergonomics, excellent visualization, reduced patient scarring and eliminating the need for port suture closures.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 16253. Among this pool, 1626 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 323 unique participations, a total of 146 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
B. Braun Melsungen AG
Arthrex, Inc.
Ackermann Instrumente GmbH
Apollo Endosurgery, Inc.
Applied Medical Resources Corporation
Bariatric Solutions GmbH
Advanced Endoscopy Devices, Inc.
Advanced Surgical Concepts
270Surgical Ltd.

Segments Covered in the Report -
Product Type (Energy Devices, Access Devices, Closure Devices, Laparoscopes, Robot-Assisted Surgery Systems, Hand Instruments, Insufflators, Other Product Types)
Application (General Surgery, Bariatric Surgery, Gynecological Surgery, Urological Surgery, Colorectal Surgery, Other Applications)
End-Use (Hospitals, Clinics, Other End-Uses)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Iran
Israel
Saudi Arabia
UAE
Rest of Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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