Minimally Invasive Surgical Instruments Market Growth Opportunity and Industry Forecast to 2021

Minimally invasive procedures (also known as minimally invasive surgeries) encompass surgical techniques that limit the size of incisions needed and so lessen wound healing time, associated pain and risk of infection. The instrument includes a tool set on the opposite end of a support tube from a handle assembly. Grasping, manipulating, retracting, cutting, cauterizing, irrigation, suction, and electrosurgery functions can be performed by actuating the handle assembly.

What the Market Looks Like?

The minimally invasive surgical instruments market is projected to reach USD 21.47 Billion by 2021 from USD 13.89 Billion in 2016, at a CAGR of 9.1%. In 2015, North America accounted for the largest share of the ****** minimally invasive surgical instruments market primarily due to the rising number of surgical procedures, growing government investments, growing geriatric population, and rising prevalence of lifestyle diseases in this region.

his report segments the ****** minimally invasive surgical instruments market by product, application, end user, and region.

The ****** minimally invasive surgical instruments market, by product, includes handheld instruments, electrosurgical instruments, inflation systems, guiding devices, auxiliary instruments, and cutter instruments.

Based on application, the market is segmented into cardiothoracic surgery, cosmetic surgery/bariatric surgery, gastrointestinal surgery, orthopedic surgery, gynecological surgery, vascular surgery, urological surgery, and others. The others segment is further segmented into ENT/respiratory surgery, neurological surgery, dental surgery, and pediatric surgery.

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What Drives the Market?

The growth of the ****** market for invasive surgical instruments is primarily influenced by the following factors:

  1. Benefits of Minimally Invasive Surgeries Over Traditional Open Surgeries
  2. Increasing Number of Surgeries Among the Aging Population
  3. Minimally Invasive Surgeries Help Reduce Healthcare Costs and Time
  4. Technological Advancements
  5. Increasing Prevalence of Lifestyle Disorders

Geographical growth scenario of minimally invasive surgical instruments market

The geographic segments included in this report are North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is further segmented into the U.S. and Canada. In 2015, North America accounted for the largest share of the ****** minimally invasive surgical instruments market primarily due to the rising number of surgical procedures, growing government investments, growing geriatric population, and rising prevalence of lifestyle diseases in this region.

With the rising geriatric population, presence of a large patient pool undergoing surgical treatments, growing awareness about modern surgical instruments and techniques, and implementation of various initiatives to reduce the rising healthcare expenditure in Asia-Pacific, the demand for minimally invasive surgical instruments in this region is expected to grow, which in turn will compel the key players to expand their geographical presence in this region.

Leading market players and strategies adopted

Major players in the ****** minimally invasive surgical instruments market are Medtronic plc (Ireland), Ethicon, Inc. (U.S.), Aesculap, Inc. (Germany), Stryker Corporation (U.S.), and Smith & Nephew (U.K.). These players have a strong presence in major as well as emerging markets. Other players in this market are ConMed Corporation (U.S.), Abbott Laboratories (U.S.), Applied Biomedical Resources Corporation (U.S.), Microline Surgical (Japan), and Zimmer Biomet (U.S.).

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