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(MoneyNewsWire.Net, October 09, 2017 ) The Latin America Laparoscopy Device Market was worth $1.63 billion in 2016 and estimated to be growing at a CAGR of 7.79%, to reach $2.38 billion by 2021. Latin America represents a rapidly growing market worldwide.
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Minimally invasive surgeries safeguard that the patients have a condensed duration of hospital stay, nominal pain and less retrieval time as they are performed with minimal cut in the patients body. The demand for these devices arises from growing demand for minimally invasive medical procedures and the accessibility these devices offer to surgeons.
The Laparoscopy Device industry is mainly driven by advancements, elderly population and increasing demand for decrease in healthcare spending. Moreover, quickly increasing population base and demand for cost effective products are some more reasons due to which the industry is observing profitable growth in the Latin American region. However, the deprived economic conditions in Latin America will hamper the acceptance of premium-priced products, particularly advanced energy devices.
The Latin America laparoscopic market is segmented on the basis of product into internal closure devices, hand access instruments, robotic assisted surgical system, laparoscopes, direct energy systems and insufflation devices. Based on therapeutic application the market is divided into colorectal surgery, gynaecological surgery, general surgery, bariatric surgery and urological surgery. On the basis of end-users the market is bifurcated into hospitals, clinics and ambulatory surgical centers. Direct energy system devices segment has accounted for maximum share in 2016 and is projected to register a healthy CAGR in the forecast period.
Based on geography the market is analysed under various regions namely, Mexico, Brazil and Argentina. During the forecast period the fastest growth rate of minimally invasive surgeries is expected to be centered in Mexico.
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Some of the major players in the laparoscopy market are Boston Scientific Corporation, Karl Storz, ConMed, Aesculap, Covidien, Olympus, Intuitive Surgical, Stryker, Medtronic, B. Braun Melsungen AG, Ethicon US LLC and Smith & Nephew.
Market Segmentation
1) By Product Type
Internal Closure Devices
Hand Access Instruments
Robotic Assisted Surgical System
Laparoscopes
Direct Energy Systems
Insufflation Devices
2) By Therapeutic Application
Colorectal Surgery
Gynaecological Surgery
General Surgery
Bariatric Surgery
Urological Surgery
3) By End Users
Hospitals
Ambulatory Surgical Centers
Clinics
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Reasons to buy Latin America Laparoscopy Device Market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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