Laparoscopy Device Market was Valued at US$ 6.2 Bn in 2018

Posted by venkatakiran on October 4th, 2019

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The Global Laparoscopy Device Market was valued at US$ 6.2 Bn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to increasing prevalence of morbid obesity”

Precision Business Insights (PBI) in its report titled “Global Laparoscopy Device Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global laparoscopy device market was valued at US$ 6.2 Bn in 2018 and growing at a CAGR of 7.0% over the forecast period owing to growing number of patients suffering from gall bladder problem, crohn’s diseases, ulcerative colitis, diverticulitis and obesity are few factors driving the market. Laparoscopy is a minimally invasive technique used for performing surgeries, such as bariatric, gynecologic, and gall bladder surgery. Moreover, increasing prevalence of morbid obesity and launch of technologically developed products are expected to fuel the growth of the market. However, lack of skilled professionals for laparoscopic procedures and post-operative risks associated with laparoscopy restrict the market growth

Global laparoscopy device market segmented on the basis of product type, application, end user, and region.

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Robot-assisted devices segment accounted for higher revenue share

Based on product type, global laparoscopy device market segmented Laparoscopes, Energy Devices, Insufflators, Robot-Assisted Surgery Systems, Suction or Irrigation Systems, Closure Devices, Hand Instruments, Access Devices, Accessories, and Others. Robot-assisted devices segment market accounted US$ XX Mn in 2018 and projected to dominate over the forecast period owing to improved patient care services and launch of new products in the market are expected to drive the growth of the market.

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venkatakiran
Joined: September 16th, 2019
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