Laparoscopic Devices Market Demand-Supply Chain, Opportunities, Cost Revenue, Sales Structure, Market Analysis 2021

Laparoscopy, also known as diagnostic laparoscopy, is a minimally invasive surgical diagnostic procedure that uses laparoscopic devices such as a laparoscope, closure devices, suction or irrigation devices, insufflation devices, robot assisted system, trocars/access device, energy products, and hand access instrument to examine the organs inside the abdomen. Laparoscopic devices are used to perform procedures such as organ removal, bowel resection, gastric bypass, and hernia repairs on a regular basis. It is primarily used for bile duct, colon, liver, and pancreas procedures. The, growth of the laparoscopic devices market can largely be attributed to factors such as the increasing prevalence of colorectal cancer and rising adoption of minimally invasive surgeries, worldwide.

According to the National Cancer Institute, approximately 1,365,135 persons in the United States were diagnosed with colorectal cancer in 2018. Furthermore, the American Society of Clinical Oncology estimates that roughly 149,500 persons in the United States will be diagnosed with colorectal cancer by 2021. 104,270 new cases of colon cancer (51,680 women and 52,590 men) and 45,230 new cases of rectal cancer were reported (18,300 women and 26,930 men). Laparoscopy is a minimally invasive treatment using minor incisions. In laparoscopy, surgeons make a small incision of 0.5-1 cm, which allows them to work with greater safety and efficacy than traditional open surgery, which is painful and time-consuming.

Minimally invasive surgery refers to any surgical procedure that is performed through small incisions rather than a large opening. Since the early 1990s, this technique has largely replaced the open technique for cholecystectomies. Thus, the increasing adoption of minimally invasive procedure is driving the laparoscopic devices market growth. Around 15 million laparoscopic procedures are performed every year, worldwide. Since the advent of laparoscopy in the 1990s, the technique is used to perform 1.2 million cholecystectomies. Minimally invasive surgeries are linked to improved patient outcomes and accelerating recovery times. Therefore, there is an increasing demand for minimally invasive surgeries, such has laparoscopic surgeries.