Demand for laparoscopes set to increase
The market for laparoscopes is set to increase during the next few years, thanks to a rising demand for minimally invasive techniques such as laparoscopy. According to GlobalData’s recent reports on non-video and video laparoscopes, the combined market for these laparoscopes was valued at $907.7m in 2016 and is expected to reach $1.3 billion in 2023.
Primary growth factors include technological advancements in laparoscopes as well as ancillary instruments used in laparoscopic procedures. Enhanced product performances include image systems associated with video laparoscopes and camera heads used in conjunction with non-video laparoscopes, all of which support advanced 3D and 4K image outputs. Image optimizations provided by these systems ensure better visual clarity for surgeons carrying out laparoscopic procedures. Also, an expanding list of indications for which these laparoscopes can be used is set to drive the adoption of these instruments within the healthcare setting. Laparoscopy is commonly used in gynecological, gastroenterological, and urological procedures.
While laparoscopic procedures are set to increase, there are barriers associated with this market. One key barrier is the high acquisition costs associated with these laparoscopes, particularly the video laparoscopes. In times of increasing financial constraints faced in healthcare settings, it is important that prices associated with these laparoscopes are strategically set so that hospitals and manufacturers are in a win-win situation. Another important barrier to be overcome is the lack of skill set and confidence of surgeons performing these procedures. As laparoscopy is an evolving technique, there is a learning curve associated with this procedure and it is important that surgeons who utilize these techniques are equipped with the skills set to perform these procedures, so as to minimize post-operative complications. Training workshops organized by medical associations and industry play an important role to address this skills gap.
In conclusion, the advantages offered by laparoscopic techniques over open surgical interventions will be the basis for the increasing market value for laparoscopes.