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U.S. Laparoscopic Devices Market Expected to Touch $2.8 billion by the End of 2009  
Published:  2/24/2009 11:05:34 PM
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Category:  healthcare devices
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Dublin, CA, January 30, 2009 Marketstrat Inc. is pleased announce the release of a new report titled, Laparoscopic Devices Worldwide."

The total worldwide laparoscopic devices market is estimated to have been $5.3 billion in 2008. It is expected to grow at a cumulative annual growth rate of 7.2 percent over the 2008 to 2015 period. The US will remain the biggest market; it is estimated to have accounted for about 48 percent of the world market in 2008. The total U.S. market for Direct Energy Devices alone is expected to cross $500 million in 2009. Advances in safety technology are expected to increase their use over next few years, as they take over functions of cutting and closure devices.

Many laparoscopic instruments are available as disposable, reusable or reposable devices. Surgeon preference for these varies widely. While disposables are in high demand for convenience and reduced risk of contamination, cost containment efforts are driving the reusable and reposable market.

Among individual countries, the US is the largest market, followed by Europe and then Japan. Market rankings of these segments are expected to remain largely the same over the forecast period. In terms of product segments, internal closure devices account for the largest share of the market with female sterilization being the smallest. Although internal closure devices do not necessarily have the highest ASPs, their use in all procedures accounts for large usage volumes, making them the largest product segment.

Leading providers of laparoscopic devices are Aesculap, Covidien (Autosuture, Valleylab), Cardinal Health, Ethicon and Gyrus ACMI/ Olympus.

This report can help in:
Assessing the market for Laparoscopic Devices, growth segments, and growth regions.
Understanding market drivers and restraints, and market segmentation and market ranking.
Business planning, strategic decision making and competitive strategy.
Identifying opportunities for partnerships and alliances.

Increasing demand for minimally invasive procedures from patients and a parallel increase in availability of trained surgeons who can perform an ever broadening range of laparoscopic procedures are major drivers of the laparoscopy market. The trend is aided by the availability of a vast range of laparoscopy training programs provided by device manufacturers and research studies proving comparable or improved outcomes of laparoscopic surgery over open surgery.

The predominant technological advances that are driving the laparoscopy markets are hand-assist or hand-access surgery (HALS), Robotics and Active Electrode Monitoring (AEM) systems.

Laparoscopic bariatric surgery will be the most important procedure impacting the future global laparoscopy market. Rising obesity rates in many countries are fuelling a rise in laparoscopic weight loss procedures, in particular gastric banding. This relatively simple occlusion technique is less expensive and has lower mortality rates than laparoscopic gastric bypass. Gastric banding is also expected to penetrate the pediatric segment with mounting clinical evidence proving its safety and efficacy.

The primary market restraint impacting the laparoscopy devices market is that it is more expensive and time consuming, requiring greater surgical skill. Costs of equipment and disposables, equipment maintenance, surgeon and nurse training are other contributing factors.

The new report from Marketstrat, titled Laparoscopic Devices Worldwide provides market estimates and forecasts for Laparoscopy Devices by country/region (US $, 2007 2015) for: USA; Europe; Japan and the Rest of the World (ROW). Detailed market forecasts (US $) for: Access Devices; Direct Energy Devices (Probes, Generators); Female Sterilization Devices; Gastric Banding; Hand Instruments; Insufflators; Internal Closure devices (Clip Appliers, Endolinear Staplers, Endostaplers, Endosuturing Devices); Laparoscopes (Rod Lens, Video); Reprocessed Laparoscopic Devices; Suction Irrigation Devices.

For more details on this report please click here.

About Marketstrat, Inc.
Marketstrat assists companies with market, technology, and best practice strategies & intelligence, through a unique combination of published reports, solutions, and services. Our strengths include: a deep understanding of the medical devices value chain, state-of-the-art data collection tools, and robust research methodology.

Marketstrat is a registered trademark of Marketstrat, Inc.

For more information contact:

Sauda Parvatham
Phone: 925-263-4455


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