Laparoscopic Devices – Tools for Minimally Invasive Surgery
Laparoscopy is a minimally-invasive surgical diagnostic procedure used to examine organs inside the abdomen, which is carried out with specialized laparoscopic devices. In laparoscopy surgery, various instruments are used to perform the surgery such as laparoscope, hand access instrument, energy products, trocars/ access device, robot assisted system, insufflation devices, suction/irrigation device, and closure devices. The laparoscope is a long, thin tube with high-resolution camera at front with high-intensity light. Procedures such as hernia repairs, gastric bypass, bowel resection, and organ removal are routinely carried out laparoscopically.
Demand for laparoscopic devices has increased significantly, due to advancement in technology in energy devices, laparoscopes, and robot assisted systems. For instance, da Vinci Surgical System developed by Intuitive Surgical, Inc., which is a combination of robotics and computer imaging that enables microsurgery in a laparoscopic environment.
The global laparoscopic devices market was valued at US$ 7,635.2 million in 2016 and is expected to witness a robust CAGR of 7.7 % over the forecast period (2017–2025).
Laparoscopic Devices Market Value (US$ Million) By Region, 2016
Increasing preference for minimally invasive surgeries is expected to fuel growth of the global laparoscopic devices market
North America accounted for the largest share in the global laparoscopic devices market, followed by Europe in 2016. This is attributed to increasing awareness related to laparoscopy and presence of trained surgeons in North America. According to Surgical Endoscopy Journal in 2013, surgeons are using minimally invasive surgical techniques, primarily laparoscopy, and robotic surgery to perform procedures that were previously done as open surgery. For instance, surgeons perform cholecystectomy, laparoscopically in 96% of the cases in U.S.
In 2014, companies based in China and the U.K. collaborated and signed US$ 3.0 Bn healthcare trade deals for research, hospital construction, training, and diagnostics. As per the agreement, U.K.-based organizations such as Annie Barr, Glasgow Caledonian University, and Kings College London are expected to train Chinese healthcare professionals from Nanjing, Beijing, Shanghai, Chengdu, and Shenzhen, as a part of the Chinese government plan to train around 150,000 doctors and 2 million nurses by 2020, which in turn will fuel growth of the laparoscopic devices market.
Furthermore, according to Asia Pacific Hernia Society, hernia repair is the most common laparoscopic surgical procedure performed in the Asia Pacific. In economies such as the U.S., China, and India over 1 million hernia repairs are performed, annually.
Advent of new technologies associated with laparoscopy surgeries are expected to drive growth of global laparoscopic devices market
Development of new instruments and innovation in techniques in laparoscopy for the treatment of abdominal conditions is another factor expected to aid in growth of the market. For instance, new laparoscopic hand-access devices such as Endopath Dextrus and GelPort laparoscopic systems enabled surgeons to have a hand-like movement during laparoscopic surgeries to perform various functions that were previously possible only during an open surgery.
Furthermore, Da Vinci, a computer-assisted robotic system, allows greater precision and better visualization compared to standard laparoscopic surgery devices
Some of the major players operating in the laparoscopic devices market includes Stryker Corporation, Johnson & Johnson, Karl Storz GmbH & Co.KG, Boston Scientific Corporation, Medtronic PLC. (Covidien), Olympus Corporation, Richard Wolf GmbH, ConMed Corporation, B. Braun Melsungen AG, and Smith & Nephew PLC.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.