MediPoint: Rigid Tip Non-Video Laparoscopes – Global Analysis and Market Forecasts
Summary
Rigid tip non-video laparoscopes market is a sector set to grow moderately over the forecast period; the most significant factor driving growth in this market is the demand for minimally invasive surgeries and technological advancements associated with ancillary instruments used along with these laparoscopes. However, there will be factors such as limited hospital budgets that can potentially affect the growth of this market. As laparoscopic interventions are preferred over open surgeries, it is expected that the list of indications using non-video laparoscopes will expand, thereby leading to a higher adoption rate of these instruments.
It is estimated that the global rigid tip non – video laparoscopes was valued at $47.3M in 2016 and is expected to grow at a CAGR of 2.80% to reach a value of $57.4M in 2023. Benefits of laparoscopic intervention over open surgical interventions along with advanced product features associated with camera heads and other ancillary instruments used with non-video laparoscopes are the key drivers for growth in this market.
Key drivers of the rigid tip non-video laparoscopes market in the forecast period are –
– Increasing number of laparoscopic procedures owing to its benefits over open surgical interventions.
– Advanced product features associated with camera heads and other ancillary instruments that are used with non-video laparoscopes.
APAC rigid tip non-video laparoscopes market is projected to grow at a CAGR of 3.2%, followed by North America and Europe at a CAGR of 1.5% and 0.8%. China represented the largest portion of the market in 2016, holding 68.6% of the regional revenue, and is expected to maintain this dominance through the forecast period. However, India is expected to grow significantly in this market during the forecast period, with the highest CAGR of 5.5%.
The rigid tip non-video laparoscopes market consists of companies both large and small in terms of their global presence and reach. While the underlying design of the rigid tip non-video laparoscopes is fairly standard across the product portfolios from different companies, it is advancements in camera heads and imaging systems that are used with these laparoscopes that primarily sets apart the non-video laparoscopes from the different manufacturers. Major players within the rigid tip non-video laparoscopes space include Arthrex, Karl Storz, Olympus, and Stryker. Other players include Blazejewski MEDI-TECH, CONMED Corporation, LocaMed Limited, NOVADAQ Technologies Inc., RB Medical Engineering Limited, Richard Wolf, and Smith and Nephew.
The report “MediPoint: Rigid Tip Non-Video Laparoscopes – Global Analysis and Market Forecasts” focuses on the market outlook for non-video laparoscopes globally. This report analyzes and discusses the major drivers and barriers of non-video laparoscopes, and provides an in-depth understanding of the future outlook for this market by geography, with an overall emphasis on the current and future trends globally.
Companies mentioned in this report: Arthrex, Karl Storz, Olympus, Richard Wolf, Stryker, Blazejewski MEDI-TECH, CONMED Corporation, LocaMed Limited, NOVADAQ Technologies, RB Medical Engineering Ltd, Smith & Nephew.
*Note: This is an on-demand report and will be delivered within 3 working days (excluding weekends) of the purchase.
Scope
– Outlook of sales volume, pricing trends, revenue trends with 2016 as base year and forecasts until 2023, for rigid tip non- video laparoscopes.
– Company share analysis in 2016, for rigid tip non-video laparoscopes.
– Market insights and competitive assessment of the key players within non-video laparoscopes market.
Reasons to buy
– Identify the unmet needs and understand hospitals’ perceptions of the current non – video laparoscopes market.
– Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the global non – video laparoscopes market in the future.
– Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the performance of various competitors.