VANCOUVER, BC, June 23, 2015 (GLOBE NEWSWIRE) -- via PRWEB - According to a recently published report by iData Research ( http://www.idataresearch.com ), various laparoscopic procedures in the U.S. continue to gain traction as an increasing number of surgeons continue to recommend this approach based on its notable clinical benefits. Many traditional surgeries are now often performed using laparoscopy rendering them more cosmetically beneficial to the patient. But the key benefits of laparoscopy are the reduction in recovery time following surgery, fewer post-operative complications, and overall reduced surgical risk.
"Laparoscopic surgery as a minimally invasive approach reduces average hospital stays with many successful procedures being performed in an outpatient setting," explains Dr. Kamran Zamanian, CEO of iData. "Therefore these procedures often end up costing significantly less than inpatient surgeries."
According to the latest iData Procedure Tracker data, the three states that had the highest number of laparoscopy procedures performed were California, Texas and Florida. Roughly a quarter of a million procedures were performed in each state. Over the last 4 years, the number or procedures has either remained steady, or increased across each leading state. Due to the high obesity rate in states like Texas, there has been a massive increase in bariatric sleeve gastrectomy procedures, which has become one of the most popular surgical methods of obesity intervention in the U.S.
In 2014, Endosurgery (Ethicon) was the leading competitor in the U.S. market for laparoscopic devices with nearly 40% market share. Ethicon generally prices its products above the market average, avoiding pricing wars altogether. The company led the ultrasonic segments and also competed in the segments for access, hand instrument, insufflation, direct energy, hand-assisted and closure devices, as well as that of gastric bands.
Despite intense competition from Covidien and Olympus in the market for tissue management systems, Ethicon continues to dominate the ultrasonic device market. As the market for closure devices increases with the number of laparoscopic bariatric procedures performed, revenue generated by this segment will continue to grow.
Other notable competitors in the U.S. Laparoscopy market include Stryker, Karl Storz, Richard Wolf, ConMed, Smith & Nephew, and B. Braun among others.
For Further Information
More on the U.S. laparoscopy device market can be found in the report published by iData entitled U.S. Market for Laparoscopic Devices - 2015 . This report covers the U.S. and includes the following market segments: laparoscope market, access device market, hand instrument market, insufflation device market, suction-irrigation device market, direct energy market, ultrasonic device market, closure device market, gastric band market, powered morcellator market, and female sterilization device market.
The global series on the "Laparoscopic Device Market" covers 16 countries including the U.S. and 15 Countries in Europe. The full reports provide a comprehensive analysis including units sold, procedure numbers nationally and by State in the U.S., market value, forecasts, as well as detailed competitive market shares and analysis of major players' success strategies in each market and segment.
Register online or email us at info(at)idataresearch(dot)net for a complimentary U.S. Laparoscopic Device Market – 2015 report brochure and synopsis.
About Procedure Tracker
Additional procedure number data is available from iData's Procedure Tracker service, which allows subscribers to define and analyze procedure data segmented by country, region, hospital, surgery centre, and physician. A customizable dashboard sorts procedure data for further analysis and research.
About iData Research
iData Research ( http://www.idataresearch.com ) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Spinal Implants and VCF, Spinal MIS, Orthopedic Soft Tissue Repair and Regeneration, Orthopedic Trauma, Large & Small Joints, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmics, Endoscopy, Gynecology, Urology, and more.
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2015/06/prweb12804076.htm
iData Research Marvin Cidamon +1 (604) 266-6933 Ext: 205
