According to Persistence Market Research, the global high-definition laparoscopy market is there to witness a CAGR of 5.7% from 2021 to 2031.
With the global population preferring minimally invasive surgeries, there would be nothing to hold the high-definition laparoscopy market back.
Also, growing incidences of colorectal cancer are there to add. Also, it has been observed that high-definition laparoscopic procedures do result in lesser loss of blood, shorter time of recovery for patients, and smooth ride regarding post-operative treatment. Besides, in the current scenario, these surgeries are being insured. Research states that close to 15 Mn laparoscopic procedures are being carried out on a yearly basis.
High-Definition Laparoscopy market Dynamics
The global high-definition laparoscopy market, by type of product, spans laparoscopes, energy devices, insufflators, access devices, closure devices, and likewise. Application-wise, it’s general surgery, bariatric surgery, gynaecological surgery, urological surgery, colorectal surgery, and paediatric surgery.
By end-user, it’s ASCs (Ambulatory Surgical Centers), hospitals, speciality clinics, and likewise. Out of these, paediatric surgery is bound to be the highest revenue generator in the upcoming period with realization of extra care to be taken regarding tiny tots.
North America holds the largest market share due to growing number of geriatric as well as chronically ill population. Also, as per data released by the ASMBS (American Society for Metabolic and Bariatric Surgery), over 200K people all over the US did undergo weight-loss-related surgery in 2017.
Coming to Europe, there are companies at the forefront with regards to production of high-definition laparoscopy devices.
For example – LaproSurge has doled out bipolar dissectors, monopolar graspers, monopolar scissors, and diathermy monopolar electrodes. The Asia-Pacific is expected to grow at the fastest rate in the high-definition laparoscopy market with enhancement in healthcare infrastructure herein.
LATAM and MEA are also expected to throw their weight around in this regard in the upcoming period. This could be credited to rising expenditure on healthcare.
The Edge called “Competition”
The key players in the high-definition laparoscopy market include LaproSurge, Karl Storz GmbH & Co. KG, ConMed Corporation, Olympus Corporation, Riichard Wolf GmbH, Medtronic plc, B. Braun Aesculap, Stryker Corporation, Ethicon Inc., Smith & Nephew plc, and likewise.
As far as developments are concerned, Olympus Corporation, in 2021, did launch the SIF-H190 single-balloon enteroscopy solution for percolating deep into small intestine. Also, two years back, Intuitive Surgical, Inc. did receive clearance for da Vinc X Surgical System from the US FDA.
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In all, the global high-definition laparoscopy market is slated to grow irrevocably between 2021 and 2031 – Persistence Market Research.