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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.

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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 (HA
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SOURCE Millennium Research Group
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