Increase in the prevalence of uterine fibroids in women is anticipated to bolster the growth of the global laparoscopic power morcellators market in coming years.
Global Laparoscopic Power Morcellators Market: Overview
Increase in the prevalence of uterine fibroids in women is anticipated to bolster the growth of the global laparoscopic power morcellators market in coming years. Uterine fibroids can lead to severe conditions such as uterine bleeding, dysmenorrhea, abdominal or pelvic pressure, and amenorrhea. Products in the global laparoscopic power morcellators market are used during hysterectomy or fibroid removal procedures in order to cut the tissues into smaller sections.
The industry analysis report closely evaluates the changing landscape of the global laparoscopic power morcellators market over the forecast period of 2021 to 2031. It identifies the key market components and evaluates their performance potential in coming years through meticulous study of the global laparoscopic power morcellators market in historic as well as base years. It also throws light on the regional landscape of the global laparoscopic power morcellators market to gauge the potential opportunities for expansion and growth during the forecast period of 2021 to 2031.
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Global Laparoscopic Power Morcellators Market: Key Trends and Drivers
Increasing popularity as well as wide acceptance of minimally invasive surgical procedures is one of the key motivators for the global laparoscopic power morcellators market. These surgeries are done with minimal cuts that minimize the postoperative pain and ensure a faster recovery period. Furthermore, technological advancements in the field of medical and surgical devices are also expected to support the augmentation of the global laparoscopic power morcellators market in near future.
Players and manufacturers in the global laparoscopic power morcellators market are leveraging newer technologies in robotics to develop new products, furthermore, increase in the number of hospitalization owing to various urological and gynaecological conditions as well as increasing awareness regarding female health are supporting the growth of the global laparoscopic power morcellators market.
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Global Laparoscopic Power Morcellators Market: Major Players and Manufacturers
Few of the leading incumbent players operating within the global laparoscopic power morcellators market are Medtronic, Richard Wolf GmbH, Lumenis (Boston Scientific Corporation), Olympus Corporation, Karl Storz GmbH, LiNA Medical, Nouvag AG, and RUDOLF Medical GmbH, among others.
Major players in the global laparoscopic power morcellators market are adopting growth strategies such as research and development to develop new products, geographical expansion, and mergers and acquisitions in a bid to capture a larger industry share. For example, Ethicon, Inc. and Olympus Corporation signed an agreement in October of 2019 that allowed Olympus Corporation to acquire all new business opportunities pertaining to Ethicon’s Versapoint electrosurgery system. Moreover, Intrauterine Health products segment of Boston Scientific Corporation was acquired by Minerva Surgical in the May of 2020.
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Global Laparoscopic Power Morcellators Market: Regional Assessment
Regionally, North America amounted for a major share in the global laparoscopic power morcellators market in the past few years. Key factors driving the growth in North America laparoscopic power morcellators market include rising gynaecological surgical procedures, increasing initiatives by regional governments, as well as the presence of well-established medical and healthcare facilities and infrastructure in the region.
Moreover, high access to technologically advanced products as well as presence of strong leading players in the region are also anticipated to drive the demand in the North America laparoscopic power morcellators market in coming years.
Asia Pacific is another region expected to witness a surge in demand in global laparoscopic power morcellators market in coming years owing to increasing number of patients suffering from various conditions such as endometritis, uterine fibroids, and abnormal bleeding. Furthermore, rise in the number of hysterectomy as well as myomectomy surgical procedures is also anticipated to fuel the demand in the global laparoscopic power morcellators market in Asia Pacific region in coming years.
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