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US Laparoscopic Device Market to Grow Moderately to Nearly $3.6 Billion by 2017

  US Laparoscopic Device Market to Grow Moderately to Nearly $3.6 Billion by
                                     2017

Growth Driven by Increasing Demand for Minimally Invasive Procedures,
According to Millennium Research Group

PR Newswire

TORONTO, Jan. 14, 2013

TORONTO, Jan. 14, 2013 /PRNewswire/ -- According to Millennium Research Group
(MRG), the global authority on medical technology market intelligence, the
United States market for laparoscopic devices will grow moderately, reaching a
value of $3.59 billion by 2017. Growth will come largely from expanding
procedure volumes, as the demand for minimally invasive techniques continues
to grow. Direct energy, hand assist and single-port devices will grow most
quickly.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36799LOGO)

Laparoscopic procedures will grow significantly faster than open surgeries
through 2017 as surgeons continue to take advantage of the patient benefits of
laparoscopic techniques, such as faster recovery, less post-operative pain,
and better cosmetic results. Bowel resections will be the fastest growing
laparoscopic procedure, followed by sleeve gastrectomies and hernia repairs.
Sleeve gastrectomies will grow at the expense of gastric banding, which has
suffered from safety and efficacy concerns.

Single-port procedures will grow strongly, driven by uptake in high-volume
procedures such as cholecystectomies and appendectomies. These are procedures
where surgeons are either extremely experienced with laparoscopic techniques,
or where the anatomy lends itself to straightforward access from the
umbilicus.

Robotic techniques will also show strong adoption in urological and
gynecological procedures, particularly in prostatectomies, partial
nephrectomies and hysterectomies.

"Outside of these growth segments, there is a strong emphasis on cost
cutting," said MRG Analyst Chantal Dougan. "Reusable and reposable products
have taken ground from disposable products, particularly in the access device
and hand instrument segments. While disposable products generate higher
per-procedure revenues, over the next few years the conversion to reusable
devices will aid revenues, as facilities invest in entire sets of reusables."

CareFusion, Solos Endoscopy and Integra LifeSciences all launched modular
reusable hand instruments in 2012 to combine convenience with cost-savings.

Millennium Research Group's US Markets for Laparoscopic Devices 2013 report
includes unit, installed base, average selling price and revenue information,
along with market drivers and limiters and competitive landscape access
devices, direct energy devices, internal closure devices, hand instruments,
hand-assist devices, suction/irrigation devices, insufflation devices,
laparoscopes, gastric bands and laparoscopic single-port devices sold in the
United States.

About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company
(www.DecisionResourcesGroup.com), is the global authority on medical
technology market intelligence and the leading provider of strategic
information to the healthcare sector. The company provides specialized
industry expertise through multiclient market research, ongoing Marketrackā„¢
projects, customer loyalty tracking, facility-level procedure forecasting, and
customized solutions.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers
best-in-class, high-value information, and insights on important sectors of
the healthcare industry. Clients rely on this analysis and data to make
informed decisions. Please visit Decision Resources Group at
www.DecisionResourcesGroup.com.

All company, brand or product names contained in this document may be
trademarks or registered trademarks of their respective holders.

For more information, contact:

Christopher Comfort      Alex Jablokow

Decision Resources Group Millennium Research Group

781-993-2597             617-599-8613

ccomfort@dresources.com  ajablokow@mrg.net

SOURCE Millennium Research Group

Website: http://www.mrg.net
 
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