October 01, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Minimally Invasive Surgical Instruments Market Growth (Status and Outlook) 2019-2024’, the worldwide minimally invasive surgical instruments market is anticipated to surpass US $42600 million by the year 2024.
Minimally invasive surgery (MIS) is an operative method that limits the size of incisions needed and has a quick recovery time. Minimally invasive surgical instruments (MISI) are devices that are placed in the patient’s body during these surgeries. Laparoscopic devices, arthroscopic devices, and other such devices find application in monitoring and manipulation during operations which are carried out through small holes. Increasing patient preference for MIS, medical advancements, and presence of modern healthcare infrastructures are few factors aiding the growth of MISI market.
According to the report, the global MISI market was worth US $30000 million in 2019 and is projected to register a growth rate of 7.2% during the forecast timeframe. The research also presents comprehensive insight about the segmental share, overview, drivers, growth opportunities, challenges, and trends impacting the industry growth.
The minimally invasive surgical instruments market is analyzed on the basis of product type, application spectrum and regional outlook. Speaking of the product type, the market is fragmented as monitoring & visualization equipment and surgical equipment.
While considering the application spectrum, the market is segmented as bariatric/cosmetic surgery, cardiothoracic surgery, urological surgery, orthopedic surgery, gynecological surgery, gastrointestinal surgery, vascular surgery, and others.
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Based on the regional outlook, the MISI market is bifurcated into four major regions; Americas comprise of Brazil, the U.S., Mexico, and Canada; Europe consists of Germany, UK, France, Italy, Spain and Russia; China, India, Australia, Japan, Southeast Asia, and Korea fall under Asia Pacific; and Egypt, Turkey, GCC Countries, South Africa, and Israel come under Middle East & Africa.
The prominent companies operating in minimally invasive surgical instruments market include Richard Wolf, Medtronic, Zimmer Biomet, Olympus Corp, B. Braun, Johnson & Johnson, Applied Medical, Stryker, Fujifilm, KARL STORZ, Smith & Nephew, Boston Scientific, Conmed, and Hoya.