The comprehensive Minimally Invasive Surgical Instruments Market analysis report has estimations of CAGR values which are very significant for businesses in deciding upon the investment value over the time period. The precise and up-to-the-minute information provided via this report lends a hand to businesses get attentive about the types of consumers, consumer’s demands and preferences, their point of view about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already prevailing in the market. The Minimally Invasive Surgical Instruments Market report brings into focus studies about market definition, market segmentation, and competitive analysis in the market.
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Market Analysis: Global Minimally Invasive Surgical Instruments Market
Global Minimally Invasive Surgical Instruments Market is expected to rise from its initial estimated value of USD 34.66 billion in 2018 to an estimated value of USD 66.57 billion by 2026, registering a CAGR of 8.5% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising number of surgeries among the aging population.
Key Market Competitors: Global Minimally Invasive Surgical Instruments Market
Few of the major competitors currently working in the minimally invasive surgical instruments market are Medtronic (Ireland), Medical Devices Business Services, Inc. (US), Stryker (US), Smith & Nephew (UK), Abbott (US), Applied Biomedical, LLC. (USA), California Resources Corporation (US), Microline Surgical (Japan), Zimmer Biomet (US), B. Braun Melsungen AG (Germany), CONMED Corporation (US), HOYA Corporation (japan), Applied Medical Resources Corporation (US), Aesculap, Inc. (US), Johnson & Johnson Services, Inc. (US), Karl Storz Gmbh & Co. Kg, Novatract Surgical Inc. (US), REMA Medizintechnik GmbH (Germany), Teleflex Incorporated (US), Boston Scientific Corporation (US), Given Imagin Ltd. (US), and among others.
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Market Definition: Global Minimally Invasive Surgical Instruments Market
Minimally Invasive Surgeries (MIS) are less traumatic than conventional open surgeries. Surgeries which are performed with conventional laparoscopic instruments be traumatic and complex. Minimally invasive laparoscopic cameras are inserted through small incisions and specialized small instruments are used to perform these operations. The healing process is less painful and patients can recover at a faster rate after these surgeries.
According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), people aged 65 years and above constituted approximately 11.4% of the population in 2013, and the count is estimated to increase by approximately 20% by 2050.
Segmentation: Global Minimally Invasive Surgical Instruments Market
Minimally Invasive Surgical Instruments Market : By Product
- Handheld Instruments
- Inflation Systems
- Cutter Instruments
- Electrosurgical Devices
- Auxiliary Instruments
Minimally Invasive Surgical Instruments Market : By Application
- Cardiothoracic Surgery
- Gastrointestinal Surgery
- Orthopedic Surgery
- Gynecological Surgery
- Cosmetic/Bariatric Surgery
- Vascular Surgery
- Urological Surgery
Minimally Invasive Surgical Instruments Market : By End User
- Private Hospitals and Surgical Clinics
- Government Hospitals
- Academic and Research Institutes
Minimally Invasive Surgical Instruments Market : By Geography
- North America
- South America
- Middle East and Africa
Key Developments in the Market:
- In January 2017, Johnson & Johnson announced to acquire Abbott Medical Optics (AMO). This acquisition includes ophthalmic products in three areas of patient care: laser refractive surgery, consumer eye health and cataract surgery.
- In November 2016, Boston Scientific acquired urology and gynaecology portfolio of Distal Access, LLC, which is known for minimally invasive medical devices.
Minimally Invasive Surgical Instruments Market Drivers
- Benefits of minimally invasive surgeries over traditional open surgeries, this act as market driver.
- Rising advancements in new technologies act as market driver, this act as market driver.
Minimally Invasive Surgical Instruments Market Restraints
- Reimbursement challenges in the medical device industry, this act as market restraints.
- Uncertain regulatory framework in the medical device industry, this act as market restraints.
Competitive Analysis: Global Minimally Invasive Surgical Instruments Market
Global minimally invasive surgical instruments market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of minimally invasive surgical instruments market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Research Methodology: Global Minimally Invasive Surgical Instruments Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents :
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report :
- Current and future of minimally invasive surgical instruments market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report :
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Minimally Invasive Surgical Instruments Market analysis report offers strategic & tactical support to clients for making well-informed business decisions. DBMR team provides customization of this market report according to the business needs. Contact sales team, who will assure to get a report that suits the necessities. The report carefully examines the global Minimally Invasive Surgical Instruments Market, with a focus on most of the major players and their business strategies, geographical scope, market segments, product landscape and price, and cost structure. Such market report is made available for industries, individuals, and organizations across the globe, and offerings are delivered in the shortest possible turnaround time.
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