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.
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.