The Global Laparoscopy Devices Market size is expected to reach $16.0 billion by 2024, rising at a market growth of 6.4% CAGR during the forecast period

LONDON, Feb. 20, 2019 /PRNewswire/ -- The Global Laparoscopy Devices Market size is expected to reach $16.0 billion by 2024, rising at a market growth of 6.4% CAGR during the forecast period. Laparoscopy is a popular surgical diagnostic procedure which is rapidly getting adopted for examining the organs inside a patient's abdomen. The laparoscopy approach is a low-risk, minimally invasive procedure which carries out small incisions. The surgery involves the use of a laparoscope along with other devices, through which the surgeon can visualize and perform a surgery with minimal incision in the patient's body. Laparoscopes are long, thin tubes with high-intensity light and a high-resolution camera that are attached to the front. This instrument is placed through a small dissection in the abdominal wall. The camera transmits pictures to a video monitor while it moves within the body. Laparoscopy enables the doctor to see inside a patient's body without open surgery in real time. The growing demand for laparoscopic surgeries especially the bariatric surgeries has contributed significantly to the market growth. The rising prevalence of morbid obesity has raised the demand for the surgeries such as sleeve gastrectomy, gastric bypass, and gastric banding through laparoscopy

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Based on Product, the market is segmented into Laparoscopes, Energy Devices, Insufflators, Robot-Assisted Surgical Systems, Suction or Irrigation Systems, Closure Devices, Hand Instruments, Access Devices and Others. Based on Application, the market is segmented into General Surgery, Bariatric Surgery, Gynecological Surgery, Urological Surgery, and Colorectal Surgery and Others. General Surgery is further sub segmented into Cholecystectomies, Hernia repairs, Appendectomies, Antireflux surgeries and others. Bariatric Surgery is further sub segmented into Gastric Bypass, Sleeve gastrectomies, Gastric banding and others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnsons & Johnsons, Medtronic Plc, Boston Scientific Corporation, Stryker Corporation, Smith & Nephew Plc. (Blue Belt Technologies, Inc.), KARL STORZ GmbH & Co. KG, Olympus Corporation, B. Braun Melsungen AG., Cook Medical and Conmed Corporation.

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