New York, December 2021: Axiom Market Research & Consulting™ added a report on laparoscopic instruments market which includes study on product type, application type, end user, and geography. Laparoscopic instruments market was projected to grow at a CAGR of 12.63% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the laparoscopic instruments market.

The factors such as increasing adoption of the minimally invasive surgeries over the open surgeries, technological development of the minimally invasive surgeries, increasing prevalence of the colorectal cancer has been majorly observed in the women than men,. Increasing healthcare markets in the emerging economies has been improving the healthcare facilities with the advanced instrument and procedure had been contributing to the growth of the laparoscopic instruments market during the forecast period. 

The report analyse the laparoscopic instruments market based on the product type, application type, end user and geography, by product type, the laparoscopic instruments market is segmented into medical laparoscopic robots, laparoscopes, energy devices, hand instruments, closure devices, access devices, accessories, insufflators, and suction/irrigation pumps. By application type, the laparoscopic instruments market is segmented into bariatric surgery, colorectal surgery, general surgery, gynecological surgery, pediatric surgery, and urological surgery. By end user, the laparoscopic instruments market is segmented into hospitals and ambulatory surgical centers. Geographically, the laparoscopic instruments market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World. 

Laparoscopes product type segment is estimated to have fast growth in the laparoscopic instruments market

The advantage provided by the laparoscopes like the fast recovery, small scars, decreased adhesion formation, less bleeding, short surgery duration and fewer complication has been contributing to the growth of the market in the laparoscopic instruments market during the forecast period. 

General surgery application type is estimated to lead the laparoscopic instruments market

The factors such as increasing patient cases and surgery for the colon, rectum, cancer, stomach, appendix, and others has been contributing to the growth of the segment in the laparoscopic instruments market during the forecast period. General surgery is likely going to lead the market during the forecast period.

Hospital end user segment has dominated the laparoscopic instruments market

The factors like growing demand for the instrument in the different procedures of the surgery, increasing number of the patient with gastrointestinal and abdominal disease has been contributing to the growth of the segment in the market during the forecast period. 

North America is estimated to dominate the gain high market share in the laparoscopic instruments market 

The factors like growing number of the presences of the patient population in the different disease specifically the abdominal and gastrointestinal diseases, along with the increasing geriatric population in the region of North America has been contributing to the growth of the market in the region during the forecast period.

Key Players

The key players in the laparoscopic instruments market are Intuitive Surgical, Inc., Amnotec International Medical, B. Braun Melsungen Ag, Becton, Dickinson And Company, Conmed Corporation, Cook Medical Inc., Endomed Systems Gmbh, Ethicon, Inc. (A Subsidiary of Johnson & Johnson Services, Inc.), Karl Storz Gmbh & Co., Medtronic Plc, Microline Surgical, Inc. (A Subsidiary Of Hoya Corporation), Mindray Medical International Limited, Olympus Corporation, Optomic, Peters Surgical, Richard Wolf Gmbh, Scholly Fiberoptic Gmbh, Smith & Nephew Plc, Strauss Surgical, Stryker Corporation and Victor Medical Instruments Co., Ltd. among others. 

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