- The major vendors in the Global Laparoscopic Device Market 2014-2018 include Cardinal Health Inc., Covidien Ltd., Ethicon Endo-Surgery Inc., KARL STORZ GmbH & Co. KG, Olympus Europa SE & Co. KG and Stryker Corp.
London, 03 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Laparoscopic Device Market 2014-2018. One of the emerging market trends is the increased use of microlaparoscopy, which is the newest minimally-invasive surgical technique. The trend is gaining popularity in the developed countries. The Global Laparoscopic Devices market is expected to grow at a CAGR of 9.14 percent during the period 2013-2018.
Increased Demand for MIS
Minimally-invasive procedures are gaining popularity because of their advantages such as less pain, faster recovery, small injuries, meager blood loss, and cost saving. However, the surgeon performing MIS should be highly skilled because the process involves difficulties such as restricted vision, difficulty in handling instruments, and the need for proper hand-eye coordination. The trend is aided by the availability of a vast range of laparoscopy training programs provided by device manufacturers and research studies aimed at demonstrating the advantages of laparoscopic surgery over open surgery.
“The market is highly dynamic, with intense competition driving companies to adopt creative strategies and develop innovative products to ensure product differentiation in the market,” says Faisal Ghaus, Vice President of TechNavio Research.
“The vendors in the market are focusing on the development of products that are safe, easy to use, and cost-effective and should be widely available in the market.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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