Report: Asia-Pacific rigid tip non-video laparoscopes market to witness a CAGR of 3.2%


The rigid tip non-video laparoscopes market across the seven Asia-Pacific markets is expected to witness a compound annual growth rate (CAGR) of 3.2%, according to a report by GlobalData.

Titled ‘MediPoint: Rigid Tip Non-Video Laparoscopes – North America Analysis and Market Forecasts’, the report forecasts the market for rigid tip non-video laparoscopes in Australia, China, India, Japan, New Zealand, South Korea and Taiwan to grow from $37.9m in 2016, to approximately $47.3m by 2023.

"Fewer post-surgical complications and shorter recuperation times for patients have been making laparoscopes a preferred treatment procedure over open surgical procedures."

Growth is expected to be driven by an increasing number of patients opting for laparoscopy and use of advanced equipment such as cameras and auxiliary instruments in non-video laparoscopes.

GlobalData healthcare analyst Vinie Varkey explains that fewer post-surgical complications and shorter recuperation times for patients have been making laparoscopes a preferred treatment procedure over open surgical procedures.

Surgeons in countries where healthcare systems are limited by financial constraints prefer non-video laparoscopes because of their lower price compared to video laparoscopes.

The report also states major players within the rigid tip non-video laparoscopes market to be Arthrex, Karl Storz, Olympus, and Stryker.