A report posted in Allied Market Research.
The global laparoscopy devices market size was valued at $12,067.60 million in 2019, and is projected to reach $18,907.05 million by 2027, registering a CAGR of 5.8%.A laparoscope comprises a long, thin tube with high intensity light along with high resolution camera in front. The camera transmits images to monitor as it travels through the abdomen. Laparoscopy is used for diagnosis as well as treatment of endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids.Laparoscopy devices are routinely used in diagnosis as well as in therapeutic procedures of various diseases such as prostatectomy, pancreatic cancer, and gastrointestinal disorders. Use of these devices in surgical procedures ensure minimal bleeding and assist in maintaining hemostasis. Laparoscopy devices are preferred by surgeons as well as physicians, owing to high level of precision offered by such devices in surgeries.
Rise in cases of morbid obesity at global level is the major factor that drives the laparoscopy market growth. In addition, growth in bariatric surgeries performed globally to reduce weight enhances the market growth. As per data published by the American Society for Metabolic & Bariatric Surgery (ASMBS), in 2018, the total number of bariatric surgeries performed in America alone were 252,000. However, dearth of skilled professionals and high cost of these devices restrain the market growth. Furthermore, increase in adoption of robot-assisted laparoscopic surgeries and introduction of innovative laparoscopic devices in the market offer lucrative opportunities for market growth.