MIS Instruments Market Development And Business Trends
Market growth influenced due to following factors-
- Advantages of minimally invasive surgeries over traditional open surgeries.
- Increasing number of minimally invasive surgical procedures across the globe.
Global market size-
According to research report minimally invasive surgery device market is expected to reach $32.7 billion by 2025, at a CAGR of 8.5%.
The major companies in the global minimally invasive surgery device market include Medtronic plc (Ireland), Johnson & Johnson (US), Stryker Corporation (US), B. Braun Melsungen AG (Germany), Smith & Nephew plc (US), Boston Scientific Corporation (US), and CONMED Corporation (US).
Top Market Segments-
Based on type of surgery, the global MIS instruments market is divided into cardiothoracic surgery, gastrointestinal surgery, orthopedic surgery, gynecological surgery, cosmetic & bariatric surgery, urological surgery, and other surgeries. The cardiothoracic surgery segment accounted for the largest share of the global MIS instruments market in 2018.
Based on product, the MIS instruments market is segmented into handheld instruments, inflation devices, surgical scopes, cutting instruments, guiding devices, electrosurgical & electrocautery instruments, and other instruments. Handheld instruments accounted for the largest share of the MIS instruments market in 2018, owing to factors such as the increasing number of surgical procedures and the development of high-dexterity, low-cost articulating laparoscopic handheld surgical instruments.
Geographic Overview -
In 2018, North America accounted for the largest share of the global Minimally Invasive Surgical Instruments Market, followed by Europe. The large share of the North American market can be attributed to the large volume of surgical procedures performed in North American countries due to early diagnosis and treatment, high cost of procedures as compared to developing regions, increasing number of surgical centers, and growing adoption of minimally invasive surgical techniques.
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