Single Port Approach to Surpass 20% of All Laparoscopic Procedures by 2014

Click Here According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, a perfect storm of groundbreaking product releases, patient benefits, and heightened physician interest have made the single-port laparoscopy market the next darling of minimally invasive surgery.

With more than 2 million laparoscopic surgeries performed each year in the US alone, the laparoscopy market provides significant opportunity for device manufacturers. MRG's new US Markets for Laparoscopic Devices 2010 report finds that single-port laparoscopy will swiftly penetrate laparoscopic procedures over the next five years due to demand for the benefits of the technique. The procedure requires just one incision, which is typically made through the umbilicus, leaves no visible scarring and facilitates faster patient recovery with less pain.

"Established laparoscopic device competitors such as Covidien, Olympus Gyrus-ACMI, and Applied Medical were all actively marketing single-port access devices along with articulating hand instruments by the end of 2009; we also expect to see Ethicon Endo-Surgery focus more heavily on this market in the future," says Tiffanie Demone, Senior Analyst at MRG. "Market shares will continue to be dynamic in coming years, however, due in part to smaller companies such as Novare Surgical, CambridgeEndo, and TransEnterix."