The global minimally invasive surgical instruments market size is expected to
reach USD 42.2 billion by 2026 progressing at a CAGR of 9.85% over the forecast
period according to a new report by Grand View Research, Inc. The preference
for minimally invasive surgical (MIS) procedures is rising as they are less
traumatic than traditional open surgeries and they facilitate faster recover
process. Patients can resume their daily activities in shorter time after
minimally invasive procedures.
According to a research article published
in the medical journal, JAMA Surgery, in March 2015, the use of minimally
invasive surgeries for routine operations of colon, lungs, and appendix can
result in reduction of postoperative complications, thereby saving nearly USD
280 million to USD 340 million per year. Investments in minimally invasive
surgical instruments are gradually rising in hospitals, thereby driving the
market.
In addition, the costs involved in MIS
procedures are significantly less than in-patient and conventional open
surgeries. Therefore, MIS procedures prove to be beneficial for patients as
well as payers. The benefits of minimally invasive surgical instruments in
various areas of orthopedics have contributed to the growing demand for less
traumatic alternatives with minimum tissue disruption of bones.
Access Research Report of Minimally Invasive Surgical
Instruments Market @ https://www.grandviewresearch.com/industry-analysis/minimally-invasive-surgical-instruments-market
Further Key Findings from the Report Suggest:
· Minimal invasive technologies are designed
to cause less trauma than traditional open surgeries, reduced blood loss,
minimal scarring, and low chances of infection
· Handheld instruments dominated the device
segment in terms of revenue share in 2018. On the other hand, electrosurgical
devices are expected to witness the fastest growth rate during the forecast
period.
· Orthopedic segment dominated the
application segment in terms of revenue share in 2018. Minimally invasive
surgical procedures in various areas of orthopedics offer alternatives with
minimum tissue disruption.
· Continuous adoption of minimally invasive
surgical techniques for spine related procedures has led to the expansion of
procedural volumes for orthopedic MIS
· Hospital segment held a majority of the end
use segment share in 2018. On the other hand, ambulatory surgically centers are
likely to experience fastest growth in the coming years.
· Ambulatory surgical centers offer same day
surgery and discharge at lower costs. At present, over 5,500 Medicare certified
ambulatory care centers are present in the U.S.
· North America held majority of the MIS
instruments market share in 2018 due to the presence of supportive
reimbursement framework for innovative MIS devices and procedures
· Medtronic, Abbott, NuVasive, Inc., CONMED,
Stryker, Smith & Nephew, Zimmer Biomet, and Intuitive Surgical, Inc. are
some of the key players operating in this market
Grand View Research has segmented the MIS
instruments market based on device, application, end use, and region:
MIS Instruments Device Outlook (Revenue,
USD Million, 2015 - 2026)
·
Handheld Instruments
·
Inflation Devices
·
Cutter Instruments
·
Guiding Devices
·
Electrosurgical Devices
·
Auxiliary Devices
·
Monitoring & Visualization Devices
MIS Instruments Application Outlook
(Revenue, USD Million, 2015 - 2026)
·
Cardiac
·
Gastrointestinal
·
Orthopedic
·
Vascular
·
Gynecological
·
Urological
·
Thoracic
·
Cosmetic
·
Dental
·
Others
MIS Instruments End Use Outlook (Revenue,
USD Million, 2015 - 2026)
·
Hospitals
·
Ambulatory Surgical Centers
MIS Instruments Regional Outlook
(Revenue, USD Million, 2015 - 2026)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
o
France
o
Italy
o
Spain
·
Asia Pacific
o
Japan
o
China
o
India
o
Australia
·
Latin America
o
Brazil
o
Mexico
o
Argentina
o
Colombia
·
Middle East & Africa
o
South Africa
o
Saudi Arabia
o
UAE
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
