Global Minimally Invasive Surgical Instruments Market is Growing at a CAGR

Posted by nileshdbmr on November 21st, 2019

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.

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.

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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.

Segmentation: Global Minimally Invasive Surgical Instruments Market

• By Products (Handheld Instruments{Stents, Graspers, Retractors/Elevators, Dilators, Forceps and Spatulas, Sutures, Others}
• By inflation Systems{Balloons, Balloon Inflation Devices, Other Inflation Systems}, Cutter Instruments {Rasps, Trocars, Other Cutter Instruments}
• By Guiding Devices{Guiding Catheters, Guidewires}
• By Electrosurgical Devices {Electrosurgical Generators, Electrosurgical Instruments, Electrocautery Devices}
• By Auxiliary Instruments {Cannulas, Staplers, Clamps, Closures})
• By Applications(Cardiothoracic Surgery, Gastrointestinal Surgery , Orthopedic Surgery, Gynecological Surgery, Cosmetic/Bariatric Surgery, Vascular Surgery , Urological Surgery , Others)
• By End User (Private Hospitals and Surgical Clinics, Government Hospitals, Academic and Research Institute)

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.

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.

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)

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