Asia-Pacific laparoscopic instruments market is expected to reach at a CAGR of 9.7% in the forecast period of 2019 to 2026.
Laparoscopic surgery is a technique performed through small incisions rather than the larger incisions through the abdominal wall. Based on the nature of specific surgical procedures, the laparoscopic entry is performed using an open (Hasson technique) or closed technique (Veress needle, optical access). Laparoscopic surgeries find its application in various gastrointestinal surgical procedure and other general surgical techniques with technological developments in the field. According to the American Cancer Society’s estimate, in 2019, the number of colon cancer cases will be 101,420 and the number of rectal cancer cases will be 44,180 in the U.S.
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Competitive Analysis: Asia-Pacific Laparoscopic Instruments Market
Some of the major players operating in this market are KARL STORZ SE & Co. KG, Mediflex Surgical Products, Olympus Corporation, Stryker, Microline Surgical, GRENA LTD, Timesco Healthcare Ltd., Maxer Endoscopy GmbH, Péters Surgical, Ackermann Instrumente GmbH, Hospiinz, Surgical Innovations, B. Braun Melsungen AG, Smith & Nephew, CONMED Corporation, COOK GROUP, MEDTRONIC, Richard Wolf GmbH, Medline Industries, Inc., Johnson & Johnson Services, Inc. and others.
Product Launch:
· Surgical Innovations announced the launch of port access system known as YelloPort Elite. This strategy would help in expanding the portfolio of the company.
· In October 2018, Stryker completed the acquisition of Invuity Inc. (U.S.). This strategy would help in delivering improved visualization for several clinical applications including women's health procedures and general surgery. This would help in enhancing the customer base of the company.
· In January 2018, GRENA LTD. announced a new articulating endoscopic clip applier known as OMNIFinger. This would help in the expansion of the product portfolio of the company.
· In 2018, Maxer Endoscopy GmbH launched Viron X platform for the HDR 4K imaging. This would help in expanding the product portfolio of the company.
· In 2017, Smith & Nephew announced the launch of a new 400 insufflator for its use in laparoscopic surgery with added patient benefits. This would help in the expansion of the product portfolio of the company.
· In August 2017, Ethicon launched PROXISURE, an advanced laparoscopic suturing device which is designed for improving precision in minimally-invasive surgeries. This helped in the expansion of the product portfolio of the company.
· In May 2017, Ethicon announced the U.S. launch of New ECHELON FLEX GST System which helps in delivering benefits of the precision stapling performance for colorectal and thoracic procedures. This would help in the expansion of the product portfolio of the company.
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Segmentation: Asia-Pacific Laparoscopic Instruments Market
Asia-Pacific laparoscopic instruments market is segmented based on products, application, end user.
· On the basis of product type, the market is segmented into laparoscopes, energy devices, insufflators, suction/irrigation systems, closure devices, hand instruments, access devices, laparoscopic scissors, laparoscopic hooks and accessories. Laparoscopes are sub-segmented into video laparoscopes and fiber optic laparoscopes. Energy devices are growing at the highest CAGR of 10.5% in the forecast period of 2019 to 2026.
· In December 2017, Olympus Corporation announced the launch of LTF-S300-10-3D which is an ENDOEYE FLEX 3D videoscope used in surgical endoscope along with VISERA ELITE II in Asia-Pacific, Japan and different parts of Asia. This would help in the expansion of the product portfolio of the company.
· On the basis of application, the market is segmented into gynaecological surgery, general surgery, urological surgery, colorectal surgery, bariatric surgery, pediatric surgery and others. Gynaecological surgery is growing at the highest CAGR of 10.4% in the forecast period of 2019 to 2026.
· In November 2018, Cook collaborated with Taewoong Medical to distribute a selection of Taewoong’s stents in the U.S. for expanding patient treatment options. This strategy would help the company to enhance its customer base and deliver innovative products.
· On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers and specialty clinics. Hospitals are growing at the highest CAGR of 10.2% in the forecast period of 2019 to 2026.
· In February 2019, CONMED Corporation acquired Buffalo Filter LLC from the Filtration Group. This strategy would help the company to enhance its product portfolio by including smoke evacuators, smoke evacuation pencils and laparoscopic solutions.
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Research Methodology: Asia-Pacific Laparoscopic Instruments Market
Primary Respondents:
Key Opinion Leaders (KOL’s): Manufacturer, Healthcare Professionals, Doctors, Nurses, Medical practitioners.
Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers
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