Laparoscopy Device Market Trends, Segment and Future Growth to 2023

Posted by miky santhosh on December 5th, 2018

Laparoscopy Device Market Overview

Laparoscopy was initially used in the field of gynaecology as a diagnostic tool and now it has developed as a standard procedure for several surgeries. These procedures are becoming affordable for large number of patients due to continuous decline in the cost of laparoscopy and thus rising demand for laparoscopic devices.

Laparoscopy technique has different advantages over existing techniques such as cost efficiencies in treatment, fast recovery, and limited post-operative trauma and less scars. This technique is used in various surgical fields namely, hernia repair, appendectomy and gallbladder surgery.  The laparoscopic device used in the surgery consists of a tube which is placed through the abdominal wall and enables the surgeon to view the internal organs.

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Main factors driving the laparoscopy devices market are increasing health awareness regarding obesity, increasing aged population, rising adoption of single-port laparoscopy and rising interest in scarless surgeries. The growth of the laparoscopy device market is benefited from continuous improvements in technology and alongside reduction in the charges of high-end laparoscopic instruments.  The market has observed a change from direct energy based devices to multifunctional instruments. Lack of skilled surgeons and high price of laparoscopic devices are hindering the growth of the market.