Minimally Invasive Surgical Instruments Market Global Forecast to 2021

Posted by Rosy Wills on February 15th, 2019

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%.

The major drivers for the market include the benefits of minimally invasive surgeries over traditional open surgeries; reduction in healthcare costs and time; increasing number of surgeries among the aging population; increasing prevalence of lifestyle disorders; and technological advancements.

In this report, the global minimally invasive surgical instruments market is segmented based on product, application, end user, and region. By product, the market 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 segments includes ENT/respiratory surgery, neurological surgery, dental surgery, and pediatric surgery. Based on the end users, the market is divided into government hospitals, private hospitals and surgical clinics, and academic and research institutes.

Based on region, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The North American market is further segmented into the U.S. and Canada.

A combination of bottom-up and top-down approaches was used to calculate the market sizes and growth rates of the global minimally invasive surgical instruments market and its subsegments. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. Primary interviews with key opinion leaders were also used to determine the percentage shares of each subsegment and the relative differences in growth rates. The report provides qualitative insights about growth rates, and market drivers for all subsegments. It maps market sizes and growth rates for each subsegment and identifies segments poised for rapid growth in each geographic segment.