Laparoscopy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The laparoscopy devices market is expected to witness a CAGR of 7.9% during the forecast period. Certain factors that have been driving the market growth include increasing technological advancements, rising prevalence of chronic diseases, and the growing demand for minimally-invasive surgery.

• Minimally-invasive surgeries (MIS) cause less post-operative pain, and hence, patients receive smaller dosages of pain killers. As there are minimal cuts or stitches involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. 
• Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to a quicker recovery. These surgeries have been gaining wider acceptance among the geriatric population, due to the relatively shorter recovery time.
• Few organizations, such as the American Association of Gynecologic Laparoscopists (AAGL) and the International Society of Gynecologic Endoscopy (ISGE), have been collaborating with healthcare agencies in South Africa, to create awareness about the benefits of MIS, and improve the adoption rate. 
• Thus, owing to the benefits associated with minimally-invasive surgeries, the adoption rate has been increasing, which may further increase the overall growth of the market over the forecast period.

Scope of the Report

Laparoscopy is referred to as a type of surgery in which small incisions are made in the body, such as abdominal wall through which a laparoscope as well as other instruments can be placed to allow structures within the internal body cavity to be seen. Various probes or other instruments can also be pushed through these small incisions in the skin, thus, enabling several activities including both diagnosis and treatment.

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Key Market Trends

Bariatric Surgery is Expected to Hold Significant Market Share in the Application Segment

According to the World Health Organization (WHO), across the world, obesity has almost increased three-fold since 1975. In the five–19 age bracket, over the same period of time, obesity has increased from less than 1% to 7%. The WHO states that most of the world's population live in countries where overweight and obesity kills more people than underweight. In 2016, around 1.9 billion adults (39%) were overweight and, among these, around 650 million (13%) were obese. Bariatric surgical procedures cause weight loss by restricting the amount of food the stomach can hold, causing malabsorption of nutrients, or by a combination of both gastric restriction and malabsorption. Laparoscopic bariatric surgery is safe in the elderly population, and it is similar between bariatric procedures.

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