Minimally Invasive Surgical Instrument Market
Minimally Invasive Surgical Instrument Market Global Minimally Invasive Surgical Instruments Market accounted for $29,444 million in 2016, and is estimated to reach $52,797 million by 2023, growing at a CAGR of 8.7% from 2017 to 2023. The key factors that drive the growth of the minimally invasive surgical instrument market include increase in geriatric population and rise number of surgeries associated with them, such as cardiac surgeries, orthopedic surgeries, and others. Advantages of minimally invasive surgeries over traditional surgery, such as lesser pain, shorter hospital stay, less scaring, and low tissue damage also supplement the market growth. Get Sample Report
Minimally Invasive Surgical Instrument Market Segment Review
Based on product, the global minimally invasive surgical instruments market is categorized into handheld instruments, electrosurgical instruments, guiding devices, and inflation systems. Handheld instruments held the highest market share in 2016, and is expected to grow at the highest growth rate during the forecast period. This is attributed to the wide use of handheld instruments in minimally invasive surgical procedures.
Minimally Invasive Surgical Instrument Market Geography Segment Review North America accounted for two-fifths share in 2016, and is expected to dominate the market throughout the forecast period. This is attributed to the presence of wellestablished healthcare systems and increase in prevalence of diseases, such as cardiac and orthopedic disorders. In addition, higher adoption rate for technologically advanced devices is anticipated to provide new growth opportunities for the key players in the North American market. However, Asia-Pacific is projected to grow at the highest growth rate during the analysis period, owing to rise in healthcare expenditure, increase in per capita income, growth in demand for healthcare services from a large pool of patient population, and improvement in healthcare infrastructure.
Minimally Invasive Surgical Instrument Market Key Benefits • The study provides an in-depth analysis of the minimally invasive surgical instruments market, with current trends and future estimations to elucidate the imminent investment pockets • It provides a quantitative analysis from 2016 to 2023 to enable the stakeholders to capitalize on prevailing market opportunities. • Extensive analysis by product and application assist to determine various trends and prevailing opportunities in the respective market • Comprehensive analysis of all geographical regions is provided to understand the main opportunities. • Key market players are profiled and their strategies are analyzed thoroughly to predict the competitive outlook of the market.
Minimally Invasive Surgical Instruments Market by Product (Handheld Instruments [Forceps & Spatulas, Retractors, Dilators, Graspers, Sutures, Visualizing Scopes, Auxiliary Instruments {Clamps, Staplers, Cannulas, and Closure Devices}, Cutter Instruments {Trocars, Rasps, and Others}, and Others], Electrosurgical Instruments [Electrosurgical Generators, Electrosurgical Instruments & Accessories, and Electrocautery Devices], Guiding Devices [Guiding Catheters and Guidewires], and Inflation Systems [Balloons Dilators & Inflators and Insufflators & Insufflator Needles], Application (Neurosurgery, Cosmetic Surgery, Urology, Obstetrics & Gynecology, Ophthalmology, Cardiovascular, Orthopedic Surgery, Laparoscopy, and Other Applications), and End User (Hospitals, Ambulatory Surgical Clinics, and Research Institutes) - Global Opportunity Analysis and Industry Forecast, 2017-2023