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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