Investments by government bodies for laparoscopic hand instruments due to technical advancements and changing lifestyle are key factors contributing to high CAGR of laparoscopic hand instruments market during the forecast period.
Market Size – USD 8.28 Billion in 2018, Market Growth – CAGR of 8.8%, Market Trends–
Laparoscopic hand instruments market valued at USD 8.28 billion in 2018 and is expected to reach 16.52 USD Billion by the year 2026, at a CAGR of 8.8%. Laparoscopy is a surgical and a diagnostic procedure, usually, it has only a minimal risk as a small cut is made, in which a thin tube is inserted which has a high-resolution camera, the camera is responsible for sending the images.
In laparoscopy, a small incision is made, which improves in the post-operative period. Here, the laparoscope is being used along with suturing devices, staplers, and ligation devices. In this procedure, surgeons inspect inside of the abdomen and pelvis region without making large incisions in the skin through the abdominal wall through which a laparoscope (viewing tube) is inserted. The Crucial growth factor is that there is a rise in health care spending, also the number of bariatric surgeries like gastric bypass, and adjustable gastric band has increased. Prevalence of obesity and the development of technology has given a boost to the market.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Karl Storz GmbH & Co. KG (Germany), Olympus Corporation (Japan), Medtronic plc (Ireland), B. Braun Aesculap (Germany), Stryker Corporation (U.S.), Richard Wolf GmbH (Germany), Ethicon, Inc. (U.S.), Smith & Nephew plc (U.K.), Cook Medical Inc. (U.S.), and ConMed Corporation (U.S.)
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The Laparoscopic hand instruments market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Laparoscopic Hand Instruments Market Segmentation based on Types:
Product Outlook (Revenue in Million USD; 2016–2026)
- Laparoscopes
- Video Laparoscopes
- Fiber Laparoscopes
- Energy Devices
- Insufflators
- Suction/Irrigation Systems
- Access Devices
- Closure Devices
- Hand Instruments
- Accessories
- Robot-Assisted Surgery Systems
Type Outlook (Revenue in Million USD; 2016–2026)
- Rigid laparoscopes
- Flexible laparoscopes
Laparoscopic Hand Instruments Market Segmentation based on Application:
Application Outlook (Revenue in Million USD; 2016–2026)
- Bariatric Surgery
- General Surgery
- Gynecological Surgery
- Urological Surgery
- Colorectal Surgery
- Pediatric Surgery
End use Outlook (Revenue in Million USD; 2016–2026)
- Hospitals
- Ambulatory Centers
Key Regions Analyzed in the Report include:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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Furthermore, it consists information about individual segment of the Laparoscopic hand instruments market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Key Benefits of the Report:
- Comprehensive overview of the changing dynamics of competitive landscape
- Detail oriented futuristic prospects of factors driving and restraining growth of the market
- Valuable insights on key market growth driving trends and monetary competence in the forecast period
- Strategic recommendations to key players and new entrants to overcome barriers and challenges in the market
- Revenue forecasts for the period of 2026
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