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Minimally Invasive Surgical Instrument Market Necessity And Demand to 2026

Author: Rajkumar Bisen
by Rajkumar Bisen
Posted: Jul 12, 2019
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Minimally invasive surgical instruments are used in minimally invasive surgeries (MIS). These surgeries are performed to limit the size and number of cuts and incisions to lessen the wound healing time. These surgeries, reduce hospital stay with less pain and few complications. Minimally invasive surgeries are preferred by majority of people due to its benefits. Different type of instruments are used in minimally invasive such as small tubes, compact cameras, catheters, and others. Minimally invasive surgeries are widely conducted in cosmetology, as it involves minimum scarring and quick healing. Another type of minimally invasive surgery is robotic surgery. It provides a magnified, 3-D view of the surgical site and helps the surgeon to operate with precision, flexibility, and control.

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The global minimally invasive surgical instruments market size was valued at US$ 12,878.3 million in 2017, and is expected to witness a CAGR of 6.1% over the forecast period (2018 – 2026).

Increasing numbers of minimally invasive surgeries is expected to drive growth of the minimally invasive surgical instrument market

Increasing number of minimally invasive surgeries is major driving factor for growth of the minimally invasive surgical instruments market revenue, as minimally invasive surgeries are less painful, cost effective, and reduces hospital stay. According to Healthcare Cost and Utilization Project (HCUP) in 2014, around 11.4 million outpatient surgeries were performed in the U.S. Most performed minimally invasive surgeries are cholecystectomy, colectomy, heart surgery, kidney surgery, etc.

Furthermore, minimally invasive surgical instruments are widely used in cosmetic surgeries. According to American Society of Plastic Surgeons (ASPS), around 15.7 million minimally invasive cosmetic procedures were performed in 2017.

Minimally Invasive Surgical Instrument Market - Regional Insights

On the basis of region, the global minimally invasive surgical instruments market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the global minimally invasive surgical instruments market during the forecast period, owing to high prevalence of chronic disorders such as heart disease, cancer, and diabetes, which require the minimally invasive surgery. According to American Association of Retired Persons Chronic Conditions 2018, reports around 45% or 133 million of American’s population suffer from at least one chronic disease.

Minimally Invasive Surgical Instrument Market - Competitive Landscape

Key players operating in the global minimally invasive surgical instrument market include Medtronic Plc, Ethicon Inc., Aesculap Inc., Stryker Corporation, B. Braun Melsungen Ag and Smith & Nephew Plc. Other players in this market include ConMed Corporation, Abbott Laboratories, Applied Biomedical Resources Corporation, Boston Scientific Corporation, Microline Surgical, Alcon Laboratories Inc., and Zimmer Biomet Holdings Inc.

Detailed Segmentation:

Global Minimally Invasive Surgical Instrument Market, By Product Type:

  • Handheld Instruments

  • Electrosurgical Instruments

  • Guiding Devices

  • Inflation Systems

Monitoring and Visualization Devices

Global Minimally Invasive Surgical Instrument Market, By Application:

  • Cosmetic Surgery

  • Urology

  • Gynecology

  • Ophthalmology

  • Gastrointestinal Surgery

  • Cardiovascular Surgery

  • Respiratory Surgery

  • Others

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Author: Rajkumar Bisen

Rajkumar Bisen

Flag of India
India

Member since: Feb 04, 2019
Total live articles: 424

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