According to the report "Global Laparoscopy Device Market", published by Market Data Forecast, the global market is projected to reach USD 11.14 Billion by 2021, at a CAGR of 7.45% from 2016 to 2021.

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Laparoscopy is a technique performed through key hole insertion procedure and requires minimum instrumentation. Laparoscopic devices characterise the combination of multiple laparoscopic instruments into one, causing in reduced operating times, and also greater surgical efficiency. Driven by a skid of supplementary benefits, laparoscopy has developed into a surgical standard with ample number of open surgeries shifting gradually to this surgical procedure over the past few years.

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The Laparoscopy Device industry is mainly driven by advancements, elderly population and increasing demand for decrease in healthcare spending. The laparoscopic devices market is witnessing substantial growth due to the growing agreement for minimal invasive surgeries, technological improvements and increasing incidence of colorectal cancer.

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Product Segmentation:
1) By Product Type:
• Internal Closure Devices
• Hand Access Instruments
• Robotic Assisted Surgical System
• Laparoscopes
• Direct Energy Systems
• Insufflation Devices

2) By Therapeutic Application:
• Colorectal Surgery
• Gynaecological Surgery
• General Surgery
• Bariatric Surgery
• Urological Surgery

3) By End-Users:
• Hospitals
• Clinics
• Ambulatory Surgical Centers

4) By Geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East and Africa

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Some of the major players in the laparoscopy market are Boston Scientific Corporation, Karl Storz, ConMed, Aesculap, Covidien, Olympus, Intuitive Surgical, Stryker, Medtronic, B. Braun Melsungen AG, Ethicon US LLC and Smith & Nephew.

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