Global Minimally Invasive Surgical Instruments Market, By Product (Handheld Instruments, Inflation Devices, Surgical Scopes, Cutting Instruments, Guiding Devices, Electrosurgical & Electrocautery Instruments, Other Instruments), Surgery Type (Cardiothoracic Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Gynecological Surgery, Cosmetic & Bariatric Surgery, Urological Surgery, Other Surgeries), End User (Hospitals, Ambulatory Surgery Centers & Clinics), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The minimally invasive surgical instruments market is expected to witness market growth at a rate of 9.17% in the forecast period of 2021 to 2028. Data Bridge Market Research report on minimally invasive surgical instruments market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for these surgeries because of various benefits is escalating the growth of minimally invasive surgical instruments market.
Minimally invasive surgeries (MIS) are considered less traumatic than conventional open surgeries because these open surgeries are performed with conventional laparoscopic instruments which make it complex. The minimally invasive laparoscopic cameras are generally inserted with the assistance of specialized small instruments through small incisions. The patients tend to recover faster after these procedures with lesser pain when compared with other form of surgeries.
The significantly less cost of minimally invasive surgical procedures when compared with in-patient and conventional open surgeries resulting equal outcomes acts as one of the major factors driving the growth of minimally invasive surgical instruments market. The technological developments especially in the fields of cardiac, ophthalmic, neurological, orthopedic and oral surgical procedures in order to acquire higher-quality instruments offering better efficiency accelerate the minimally invasive surgical instruments market growth. The introduction of surgical robots and their acceptance by the surgeons across the globe further influence the minimally invasive surgical instruments market. Additionally, growth in aging population, rising awareness among population regarding the benefits of minimally invasive surgeries over traditional open surgeries, surge in healthcare expenditure and increase in demand for the surgery positively affect the minimally invasive surgical instruments market. Furthermore, enhanced product designs provide a level of control and accuracy in the operating room and rise in public-private initiatives to support research activities extend profitable opportunities to the minimally invasive surgical instruments market players in the forecast period of 2021 to 2028.
On the other hand, limited reimbursement scenarios for surgical products and uncertain regulatory framework in the medical device sector are the factors expected to obstruct the minimally invasive surgical instruments market growth. Lack of skilled surgeons is projected to challenge the minimally invasive surgical instruments market in the forecast period of 2021-2028.
This minimally invasive surgical instruments market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on minimally invasive surgical instruments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Minimally Invasive Surgical Instruments Market Scope and Market Size
The minimally invasive surgical instruments market is segmented on the basis of product, surgery type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of product, the minimally invasive surgical instruments market is segmented into handheld instruments, inflation devices, surgical scopes, cutting instruments, guiding devices, electrosurgical & electrocautery instruments and other instruments. Handheld instruments are further segmented into graspers, retractors/elevators, suturing instruments, dilators, and other handheld instruments. Other handheld instruments are further sub-segmented into suction/irrigation tubes, handheld needles & needle holders, forceps & spatulas, handpieces/handles, and fixation devices. Inflation devices are further segmented into balloon and balloon inflation devices. Cutting instruments are further segmented into trocars and other cutting instruments. Guiding devices are further segmented into guiding catheters and guidewires. Electrosurgical & electrocautery instruments are further segmented into electrosurgical instruments and electrocautery instruments. Other instruments are further segmented into clamps, insufflation needles, staplers, cannulas, clip appliers, access systems and sealant syringes.
- On the basis of surgery type, the minimally invasive surgical instruments market is segmented into cardiothoracic surgery, gastrointestinal surgery, orthopedic surgery, gynecological surgery, cosmetic & bariatric surgery, urological surgery and other surgeries. Other surgeries are further segmented into Vascular, ENT, respiratory, neurological, dental and pediatric surgeries.
- On the basis of end user, the minimally invasive surgical instruments market is segmented into hospitals and ambulatory surgery centers & clinics.
Global Minimally Invasive Surgical Instruments Market Country Level Analysis
The minimally invasive surgical instruments market is analyzed and market size insights and trends are provided by country, product, surgery type and end user as referenced above.
The countries covered in the global minimally invasive surgical instruments market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the minimally invasive surgical instruments market due to the high rate of unintentional injuries, increase in geriatric population and high awareness among consumers in the region. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 because of the rising geriatric population in Japan and China, increase in number of road crashes, growing medical tourism mainly for cosmetic surgeries and economic growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The minimally invasive surgical instruments market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for minimally invasive surgical instruments market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the minimally invasive surgical instruments market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Minimally Invasive Surgical Instruments Market Share Analysis
The minimally invasive surgical instruments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to minimally invasive surgical instruments market.
The major players covered in the minimally invasive surgical instruments market report are Medtronic, Medical Devices Business Services, Inc., Stryker, Smith & Nephew, Abbott, Applied Biomedical, LLC, California Resources Corporation, Microline Surgical, Zimmer Biomet, B. Braun Melsungen AG, CONMED Corporation, HOYA Corporation, Applied Medical Resources Corporation, Aesculap, Inc., Johnson & Johnson Services, Inc., Karl Storz Gmbh & Co. Kg, Novatract Surgical Inc., REMA Medizintechnik GmbH, Teleflex Incorporated, Boston Scientific Corporation, Given Imagin Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Minimally Invasive Surgical Instruments Market
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