Growing Awareness about Benefits of Video Laparoscopes Increases Demand

Published Date : Jun 19, 2017

Albany, New York, June 19, 2017: has added a new research report to its online depository. The research report, titled “MediPoint: Video Laparoscopes - Global Analysis And Market Forecasts,” presents a comprehensive outlook of the various market dynamics governing the global market. The report has been compiled using primary and secondary research methodologies to offer the readers a clear and an accurate assessment of the market scenario. The publication also includes a study of the historical data pertaining to the development and sale of video laparoscopes, which has been compared to the present-day market scenario.

According to the research report, the global video laparoscopes market was valued at US$ 860.3 mn in 2016 and is expected to reach $1,197.8 mn by the end of 2023. During the forecast period of 2017 to 2023, the global market is likely to progress at a CAGR of 4.80%. The growing awareness about the benefits of laparoscopic intervention as compared to open surgical interventions has worked in favor of this market. Additionally, increasing availability of advanced products with state-of-art features has also led to a positive trend in the global market.

The increasing number of diseases and chronic conditions such as cancer, obesity, appendicitis, and other medical complications have led to a significant demand of video laparoscopes in recent years. Furthermore, rising geriatric population, increasing accessibility to healthcare, and phenomenal technological advancements are also likely be the key growth drivers for the overall market.

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In terms of regions, the global video laparoscopes market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Of these, North America holds a leading share and is expected to dominate the global market as the region boasts better medical and healthcare facilities. Analysts estimate that Asia Pacific is also likely to make a significant impact on the global market has the region is witnessing emergence of newer economies. Furthermore, a huge pool of geriatric population in Asia Pacific and vast number of unmet medical needs are also likely to open up newer avenues for growth for the video laparoscopes market.

Some of the leading players operating in the global video laparoscopes market are Richard Wolf, Stryker, Olympus, Karl Storz, and B. Braun. The research report provides a detailed understanding of the competitive landscape present in the market. It assesses marketing strategies these players are likely to use in the coming years, their research and development statuses, and policies for mergers and acquisitions. Furthermore, the research report also evaluates the impact of new entrants in the market and the threat from existing substitutes. The publication is complete with recommendations from market experts that are aimed at helping the readers make well-informed business decisions.

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