Rapid increase in the foreign and private investments along with adoption of model that is subscription commerce based for the purpose of product selling are some of the major factors fueling the growth of laparoscopic devices market across the globe. Manufacturers are taking immense efforts in developing low cost products as that would help them in remaining competitive across the global market. Apart from all of this, there is considerable demand for the minimally invasive therapies that highly beneficial with regards to obesity related ailments, which in turn has been bolstering the production sales of laparoscopic devices.
A comprehensive analysis was carried out on laparoscopic devices market by a research firm, after which the related analysts concluded onto some figures and facts on the same market report. Analysts so far are of the point of view that laparoscopic devices market is anticipated to grow at a 6.6% CAGR during the forecast period, 2018-2028. In addition, the laparoscopic devices market had touched a valuation of approximately US$ 8,927.8Mn by the end of 2017.
Leading companies functioning in the laparoscopic devices market are inclusive of Tekno-Medical Optik Surgery GmbH, KARL STORZ SE & Co. KG, Smith & Nephew, Intuitive Surgical, Inc., Endocontrol SA, Ethicon US, LLC. (Sub. Johnson & Johnson Services, Inc.) and Medtronic. Manufacturers and the leading companies have been investing all of their focus on implementing strategies that can help them in elevating their position in the global market, thereby expanding their product portfolio. Innovation and launch of new products will be highly beneficial for end-users as well.
Intuitive Surgical, Inc. Receives Approval from Japan
According to the recent scenario, Intuitive Surgical, Inc., has received approval for 12 new procedures in Japan, with the help of robotically-assisted surgery devices of da Vinci. The notable point is that this recent approval is inclusive of 200,000 cases on an additional basis in Japan, which has been expanded from nearly 30,000 cases. Earlier the company had approval only for its nephrectomy and prostatectomy in Japan. Now, da Vinci has received approval for mitral valvuloplasty, esophagectomies, bladder cystectomies, plus gastrectomies as well as thoracic, gynecological and colorectal surgeries.
Manufacturers and the leading companies can take note of the point that Intuitive Surgical, Inc. has been planning to make heavy investments in market development as well as training with regards to each field that they possess, which eventually would help them in expanding their business across the globe. In addition to this, Intuitive Surgical, Inc. has been converting its functions form open towards laparoscopic surgeries and the most important point is that these 12 new procedures that received approval recently from Japan have been utilized for the purpose of laparoscopy.
Medtronic, Change Healthcare & GE Health to Receive Grant from Israeli Government
According to the recent scenario, manufacturers and the leading companies can plan to make heavy investments in Medtronic along with two other organizations as it will be receiving grant from the Israeli Government. This grant will be offered for the purpose of expanding their prevailing centers of research and development in Israel. The main focal point here is that this is a 6year long program that will be taken care of by Israel Innovation Authority and Israeli Ministry of Economy, both of which are tech investment arm of the government.
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