Minimally Invasive Surgical Instruments Market : Emerging Market Trends, Innovations, Key Insights and Opportunities
According to the new market research report "Minimally Invasive Surgical Instruments Market
by Product (Handheld Instruments, Inflation Devices, Surgical Scopes),
Type of Surgery (Cardiothoracic, Gastrointestinal, Orthopedic,
Urological), End User (Hospitals, ASCs), Region - Global Forecast to
2026", published by MarketsandMarkets™, the global market is projected
to reach USD 28.9 billion by 2026 from USD 20.2 billion in 2021, at a
CAGR of 7.4%.
Browse and in-depth TOC on "Minimally Invasive Surgical Instruments Market"
237 - Tables
43 - Figures
274- Pages
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The
advantages of MIS over open surgical techniques, the increasing number
of surgical procedures worldwide, and the increasing adoption of
advanced robotics in ASCs are among the major factors propelling the
growth of this market. Emerging economies such as China, Japan, and
India are providing lucrative opportunities for the players operating in
the MIS Instruments Market.
The handheld instruments
segment accounted for the largest share of the minimally invasive
surgical instruments market, by product segment, in 2020
Based
on product, the market is segmented into handheld instruments,
inflation devices, surgical scopes, cutting instruments, guiding
devices, electrosurgical & electrocautery instruments, and other
instruments. The handheld instruments accounted for the largest share of
the market in 2020. Factors such as the rising technological
innovations in handheld instruments, the increasing number of surgical
procedures, and the low cost of articulating laparoscopic handheld
surgical instruments are boosting the market growth of this segment.
Orthopedic surgery segment to register the highest growth rate during the forecast period
The
minimally invasive surgical instruments market has been segmented into
cardiothoracic surgery, gastrointestinal surgery, orthopedic surgery,
gynecological surgery, cosmetic & bariatric surgery, urological
surgery, and other surgeries. In 2020, the orthopedic surgery segment
accounted for the highest growth rate. Factors such as the rising growth
in the geriatric population and the rising incidence of bone ailments
(such as osteoporosis, arthritis, and spine injuries) are expected to
drive the growth of the orthopedic surgery segment.
The
hospitals and specialty clinics segment accounted for the largest share
of the minimally invasive surgical instruments, by end user segment, in
2020
Based on end users, the MIS Instruments Market is
segmented into hospitals and specialty clinics and ambulatory surgery
centers. In 2020, the hospitals and specialty clinics segment accounted
for the largest share of the minimally invasive surgical instruments
market. The large number of minimally invasive surgical procedures
performed in hospitals due to the presence of highly skilled healthcare
professionals is driving this segments growth.
North America is the largest regional market for minimally invasive surgical instruments market
The
global MIS Instruments Market is segmented into five major
regions—north America, Europe, the Asia Pacific, Latin America, and the
Middle East & Africa. In 2020, North America accounted for the
largest share of the minimally invasive surgical instrument market. The
large share of this region can be attributed to the increasing
healthcare spending, the highly developed healthcare system in the US
and Canada, and increasing prevalence of chronic disorders.
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The major players operating in MIS Instruments Market
are Medtronic plc (Ireland), Johnson & Johnson (US), Stryker
Corporation (US), Abbott Laboratories, Inc. (US), Boston Scientific
Corporation (US), B. Braun Melsungen AG (Germany), CONMED Corporation
(US), Smith & Nephew plc (UK), Zimmer Biomet Holdings, Inc. (US),
Becton, Dickinson and Company (US), The Cooper Companies Inc. (US), HOYA
Corporation (Japan), Surgical Innovations Group plc (UK), Koninklijke
Philips N.V. (Netherlands), FUJIFILM Holdings Corporation (Japan), KARL
STORZ SE & Co. KG (Germany), Applied Medical Resources Corporation
(US), KLS Martin Group (Germany), Scanlan International, Inc. (US),
Wexler Surgical (US), STRAUSS SURGICAL (US), AMNOTEC International
Medical GmbH (Germany), EndoMed Systems GmbH (Germany), TROKAMED GmbH
(Germany), and Surgical Holdings (UK).
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