Overall, the Europe laparoscopic devices market is expected to increase over the next several years to reach an estimated 2.6 billion by 2023
Vancouver, BC -- (ReleaseWire) -- 08/22/2017 --According to a new series of reports on the Europe market for laparoscopic devices by iData Research (www.idataresearch.com), the fastest growing market segment is the direct energy market driven by the popularity of advanced bipolar devices. As these devices become more common, electrosurgical generators will also grow as they are necessary for these products. However, the laparoscopic market is fairly mature, with many reusable products that do not need to be replaced too often. This is also the case for the hand instrument segment in Europe.
"Most hand instruments sold in Europe were reusable, with exceptions for scissors and dissectors," explains Jeffrey Wong, Strategic Analyst Manager at iData Research. "While reusable hand instruments have a higher average selling price (ASP), the number of units sold will be limited as they only need to be replaced when damaged or irreparable."
To see the contents of this laparoscopy device market report, please visit idataresearch.com.
There is also a growing trend towards reusable devices in the insufflator, laparoscope and electrosurgical generator device markets. Laparoscopes are reusable and many third-party companies offer repair and refurbishing services, further limiting the growth of the overall market. However, laparoscopic procedures have been growing for the past several years due to the advantages laparoscopic procedures provide such as smaller incisions, less pain and shorter hospital stays, even though procedure times are slightly longer.
The closure devices comprise the largest segment in the European laparoscopic device market. Closure devices include staplers, endosutures and clip appliers. Laparoscopic surgical staplers make up the majority of this segment. Closure devices are a necessity for laparoscopic procedures so they are expected to grow at a proportional rate, accounting for nearly half the market by 2023.
Ethicon is the leading competitor in the European market for laparoscopic devices. A large portion of Ethicon's market share comes from their leading presence in the closure device market. Ethicon also has a strong presence in the ultrasonic market with their HARMONIC® line of ultrasonic products.
Medtronic is the second leading competitor in the Europe laparoscopic device market due to a strong presence in the closure device and direct energy device markets. The company's presence in the closure device market comes from their Endo GIA™ product line of staplers. Medtronic's extensive line of surgical staplers gives them a comparable share to Ethicon. Medtronic's ValleyLab™ and Endo Dissect™ product lines are some of the products favored by surgeons.
Additional competitors in the European market for laparoscopic devices include Karl Storz, Olympus, Applied Medical, Richard Wolf, Bayer AG, Stryker, B. Braun, Aesculap, ERBE, LiNA Medical, ConMed, Microline Surgical and Apollo Endosurgery among others.
For Further Information
More on the laparoscopic device market in Europe can be found in a series of reports published by iData entitled the Europe Market Report Suite for Laparoscopy Devices. The full report suite on the Europe market for laparoscopic devices includes laparoscopes, access devices, hand instruments, insufflation devices, suction-irrigation systems, direct energy devices, ultrasonic energy devices, hand-assisted devices, closure devices, gastric bands and laparoscopic morcellators.
The iData series on the market for laparoscopy devices covers the U.S. and 15 countries in Europe including Germany, France, the United Kingdom (U.K.), Italy, Spain, Benelux (Belgium, Netherlands and Luxembourg), Scandinavia (Finland, Denmark, Sweden and Norway), Portugal, Austria and Switzerland. Reports provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players' success strategies in each market and segment. To find out more about laparoscopy device market data or procedure data, register online or email us at firstname.lastname@example.org for a Europe Market Report Suite for Laparoscopy Devices brochure and synopsis.
About iData Research
iData Research (www.idataresearch.com) is an international market research and consulting firm, dedicated to providing the best in business intelligence for the medical device industry. Our research empowers our clients by providing them with the necessary tools to achieve their goals and do it right the first time. iData covers research in: Laparoscopy, Urology, Gynecology, Endoscopy, Orthopedic Trauma, Large & Small Joints, Orthopedic Soft Tissue, Orthopedic Biomaterials, Orthopedic Soft Tissue Reinforcement and Regeneration, Vascular Access, Spinal Implants and VCF, Spinal MIS, Wound Management, Dental Operatory Equipment, Dental Material, Dental Lasers, Dental Prosthetics, Dental CAD/CAM, Dental Bone Graft Substitutes, Ultrasound, X-Ray Imaging, Diagnostic Imaging, Oncology, Ophthalmics, Interventional Cardiology, Cardiac Surgery, Cardiac Rhythm Management, Electrophysiology, Operating Room Equipment, Surgical Microscopes, Robotics and Surgical Navigation, Anesthesiology and more.
We have built a reputation and earned our clients' trust based on consistent and uniquely intelligent research that allows our customers to make confident decisions and impact their businesses. A combination of market expertise and over a decade of experience has resulted in a deep understanding of the medical device industry that has inspired innovation and propelled our clients to success.