According to Millennium Research Group's Marketrack(TM) service, the laparoscopic advanced energy market was worth over $100 million in Q3 2007
WALTHAM, Mass., Dec. 11 /PRNewswire/ -- Millennium Research Group's US Laparoscopic Marketrack(TM) results show that in Q3 of 2007, the advanced energy market, which includes open and laparoscopic devices, generated over $100 million in revenue. Due to the demand for advanced energy instruments from young physicians, these products are being used for more applications and in more procedure types than ever before. The shift towards more expensive products has also boosted the market.
Advanced energy surgical instruments consist of ultrasonic and bipolar vessel sealing devices. Ethicon owned 69% revenue share for laparoscopic advanced energy devices in Q3, and over 57% revenue share in Q3 for open advanced energy devices. These devices are used for cutting and coagulating tissue and sealing vessels and offer safer, more precise, simultaneous cutting and coagulation than previous modalities. Many younger physicians have used advanced energy surgical instruments in their training and therefore are familiar with the technology and recognize its advantages, driving devices revenues.
"Average selling prices in the advanced energy category are on the rise," says Jaya Classen, Senior Analyst at Millennium Research Group. "This is due to the adoption of higher-priced products such as the Gyrus-ACMI 3105PK angled shears and the Ligasure V 1500."
MRG offers a number of products covering the global laparoscopic
market. For ongoing quarterly tracking of market shares by brand, MRG
offers its Laparoscopic Marketrack(TM) service. This service tracks
laparoscopic markets, including bladed, bladeless, blunt and hand-assist
trocars, advanced energy probes, endolinear cutters and staplers, and
reprocessed devices, in the US on a quarterly basis. Besides market share,
this service also provides brand- level us
|SOURCE Millennium Research Group|
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