Navigation Links
The US Market For Laparoscopic Devices Will Reach A Value Of Nearly $4.5 Billion By 2022
Date:11/5/2013

TORONTO, Nov. 5, 2013 /PRNewswire/-- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the United States (US) market for laparoscopic devices will see moderate market growth of about three percent over the next ten years as these procedures are increasingly adopted over open techniques. This is largely because laparoscopy is minimally invasive and offers faster recovery, less postoperative pain and better cosmetic results compared to open surgery.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36799LOGO )

Despite the growing adoption of laparoscopy, there has been some shift in the popularity of innovative laparoscopic techniques in recent years. Although single-port laparoscopy was previously viewed as holding significant potential for better patient outcomes, randomized trials do not support these claims. Single-port surgeries are also significantly more expensive than regular laparoscopic surgeries because they require specialized instrumentation, and the complexity of the procedure has also prevented many surgeons from adopting this technique. Although some companies, such as Ethicon and Covidien, are attempting to improve single-port instrumentation in an effort to rekindle adoption, procedure volumes will decline by 12 percent annually through 2022. Meanwhile, despite some controversy surrounding cost, robotic-assisted laparoscopic surgeries continue to gain popularity, particularly for urological and gynecological procedures.

Within the laparoscopic device markets, the advanced direct energy device and hand-assist device markets will both see growth of around 7 percent. Hand-assist device manufacturers are making increased efforts to better train physicians in the use of these devices, and emerging clinical support for hand-assisted laparoscopy (HAL) will further drive adoption. Similarly, the advanced direct energy device market is seeing strong uptake of premium-priced devices; these products offer clinical benefits as well as the potential for reductions in time spent in the operating room.

"Despite the uptake of premium products in some segments, lingering cost concerns will impact US facilities and the laparoscopic device market as a whole," said MRG Analyst Manya Aggarwal. "Throughout US hospitals, there is a strong emphasis on reducing per-procedure costs through the use of reusable, reposable and reprocessed devices, when available. Although manufacturers are able to generate higher per-procedure revenues through the sale of disposable devices, companies risk losing clients if they do not also offer multi-use products in an effort to appeal to cost-conscious facilities."

Millennium Research Group's US Markets for Laparoscopic Devices 2014 report includes unit, procedure, average selling price and revenue information, along with market drivers and limiters and a competitive landscape for access devices, direct energy devices, internal closure devices, hand instruments, hand-assist devices, suction/irrigation devices, insufflation devices, laparoscopes, gastric bands, laparoscopic morcellators and laparoscopic single-port devices in the United States.

About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at www.DecisionResourcesGroup.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

Christopher Comfort
Decision Resources Group
781-993-2597
ccomfort@dresources.com

Alex Jablokow
Millennium Research Group
617-599-8613
ajablokow@mrg.net


'/>"/>
SOURCE Millennium Research Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Stage at Breast Cancer Diagnosis Will Shift Dramatically Over the Next 20 Years in Key Latin American Markets
2. Worldwide Vital Signs Monitoring Market Report 2013-2018: Blood Pressure Monitoring Devices, Pulse Oximeters and Temperature Monitoring Devices
3. Global Healthcare IT Outsourcing Market Report 2013-2018 - Applications & Industry Analysis
4. Global Cardiac Monitoring And Diagnostic Devices - Market Growth Analysis, 2009-2015
5. Surveyed Physicians Report that Invokana Captures a Small Percentage of Patient Share in the Type 2 Diabetes Drug Market, With Significant Increases Expected Six Months from Now
6. US Market For Physician-Dispensed Cosmeceuticals Will See Strong Growth Through 2022
7. HighPoint Solutions and InnoPeritus Partner to Provide Unprecedented Consultative Services in the European Life Sciences Market
8. Nektar to Announce Financial Results for the Third Quarter of 2013 on Thursday, November 7, 2013, After Close of U.S.-Based Financial Markets
9. The Global Medical Ceramics Market to Grow at a CAGR of 4.25 Percent Over the Period 2012-2016
10. Pharmaceutical Market: India A Comprehensive Industry Analysis Q3 2013
11. Global Orthopedic Bracing and Supports Market 2012-2016 Report with Vendors such as Biomet Inc., Bledsoe Brace Systems and DeRoyal Industries Inc at the Forefront
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... India , June 24, 2016 ... Needles Market by Type (Standard Pen Needles, Safety Pen ... Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, ... by MarketsandMarkets, This report studies the market for the ... expected to reach USD 2.81 Billion by 2021 from ...
(Date:6/24/2016)... June 24, 2016  Arkis BioSciences, a leading ... and more durable cerebrospinal fluid treatments, today announced ... Series-A funding is led by Innova Memphis, followed ... other private investors.  Arkis, new financing will accelerate ... the market release of its in-licensed Endexo® technology. ...
(Date:6/23/2016)... BEVERLY HILLS, Calif. , June 23, 2016 ... faced the many challenges of the current process. Many of ... option because of the technical difficulties and high laboratory costs ... would have to offer it at such a high cost ... to afford it. Dr. Parsa Zadeh , ...
Breaking Medicine Technology:
(Date:6/27/2016)... ... June 27, 2016 , ... A revolution is ... emergency ambulance transport experience for the millions of people who require these medical ... the taxi industry through the use of technology. Now, SmartEMS has put forth ...
(Date:6/26/2016)... (PRWEB) , ... June 26, 2016 , ... PawPaws ... a new product that was developed to enhance the health of felines. The formula ... , The two main herbs in the PawPaws Cat Kidney Support Supplement ...
(Date:6/25/2016)... ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library on June 21 due ... up a new, often overlooked aspect of head lice: the parasite’s ability to live away ... a common occurrence, but a necessary one in the event that lice have simply gotten ...
(Date:6/25/2016)... ... ... On Friday, June 10, Van Mitchell, Secretary of the Maryland Department of ... recognition of their exemplary accomplishments in worksite health promotion. , The Wellness at Work ... Symposium at the BWI Marriott in Linthicum Heights. iHire was one of 42 businesses ...
(Date:6/24/2016)... ... , ... Marcy was in a crisis. Her son James, eight, was out of control. Prone ... physically. , “When something upset him, he couldn’t control his emotions,” remembers Marcy. “If ... at my other children and say he was going to kill them. If we ...
Breaking Medicine News(10 mins):