Laparoscopy Devices Market to Garner Brimming Revenues by 2019

Gone are the days of old surgical scopes and the future belongs to minimally invasive procedures using modern surgical laparoscopes. These scopes are more like an apparatus with various parts including viewing device, CCD camera, energy supply devices, and lens cleaners. On the back of increasing percentage of obese people, the number of bariatric surgeries for weight reduction is escalating and consequently, the market for laparoscopy devices is expanding. According to the estimations of a fresh business intelligence study conducted at the headquarters of Transparency Market Research (TMR), the demand in the global laparoscopy market will multiply at a formidable CAGR of 7.1% during the forecast period of 2013 to 2019. By the end of 2019, the global laparoscopy devices market is evaluated to be worth US$12.3 billion.

Global Shares Fairly Consolidated Among a Few Players

The shares in the global laparoscopes market is quite consolidated among a handful of players, as per the findings of the TMR report. Despite growing at a significant rate, the companies operating in this market are challenging each other in terms of price as the products are expensive. As more and more advanced surgeries are performed pertaining to gynecology, gastrointestinal, and general – the vendors will have a fruitful time, although major players such as Medtronic, Karl Storz, Olympus, Ethicon, and Intuitive Surgical are expected to remain ahead of the curve.

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