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Market Driver – Increasing Product Approvals by Regulatory AuthoritiesCompanies are focused on developing new laparoscopic power morcellators with 510 (k) product clearance based on new regulatory guidelines from the regulatory authorities such as U.S., European Union etc., which is expected to drive the growth of the global laparoscopic power morcellators market over the forecast period. For instance, on February 3, 2021, Olympus America, a medical device company indicated that it supported the U.S. Food and Drug Administration (FDA) published guidance recommendations suggesting that laparoscopic power morcellators in gynecological procedures must be performed using an approved containment device. Olympus Corporation is now the sole manufacturer having a 510(k)-cleared containment laparoscopic power morcellation device in the U.S.
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