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(Medical-NewsWire.com, October 17, 2017 ) The Europe Laparoscopy Device Market was worth $1.48 billion in 2016 and estimated to be growing at a CAGR of 7.28%, to reach $2.10 billion by 2021. Europe’s shift to a diagnosis-related group (DRG) based reimbursement system emphasises the significance of these improvements in minimally invasive surgery.
Laparoscopic devices characterise the combination of multiple laparoscopic instruments into one, causing in reduced operating times, and also greater surgical efficiency. These devices are bipolar devices which serve as multifunctional devices that allow surgeons to both seal and grasp. With superior recovery times, and decreased postoperative pain, laparoscopy is preferred over any other old techniques.
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In the European region number of surgeries done previously was very less owing to lack of professionals. However, now the main driver for growing procedural volumes is the combination of an elderly generation who are demanding less invasive surgery, and surgeons who are receiving better training in laparoscopy than in the past. Increasing competition for the device manufacturing companies is a challenge for market holders.
The Europe laparoscopic market is segmented on the basis of product into internal closure devices, hand access instruments, robotic assisted surgical system, laparoscopes, direct energy systems and insufflation devices. Based on therapeutic application the market is divided into colorectal surgery, gynaecological surgery, general surgery, bariatric surgery and urological surgery. On the basis of end-users the market is bifurcated into hospitals, clinics and ambulatory surgical centers. Direct energy system devices segment has accounted for maximum share in 2016 and is projected to register a healthy CAGR in the forecast period.
Based on geography the market is analysed under various regions namely, Germany, France, U.K, Spain and Italy. Major population in U.K is obese and aged which drives the market for this region and hence it is expected to witness lucrative growth in the forecast period.
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Some of the major players in the laparoscopy market are Boston Scientific Corporation, Karl Storz, ConMed, Aesculap, Covidien, Olympus, Intuitive Surgical, Stryker, Medtronic, B. Braun Melsungen AG, Ethicon US LLC and Smith & Nephew.
Market Segmentation
1) By Product Type
• Internal Closure Devices
• Hand Access Instruments
• Robotic Assisted Surgical System
• Laparoscopes
• Direct Energy Systems
• Insufflation Devices
2) By Therapeutic Application
• Colorectal Surgery
• Gynaecological Surgery
• General Surgery
• Bariatric Surgery
• Urological Surgery
3) By End Users
• Hospitals
• Ambulatory Surgical Centers
• Clinics
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• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
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