8-March-2019: The global minimally invasive surgical instruments market size is expected to reach USD 38.3 billion by 2025 according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% over the forecast period. The preference for Minimally Invasive Surgical (MIS) procedures is rising as they are less traumatic and they facilitate faster recover process than traditional open surgeries.
Minimal invasive technologies are designed to reduce trauma, blood loss, scarring, and chances of infection than traditional open surgeries. Patients can resume their daily activities in shorter time after these surgical procedures. In addition, the costs involved in minimally invasive surgeries 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 MIS in various areas of orthopedics have contributed to the growing demand for less traumatic alternatives with minimum tissue disruption of bones.
In depth research report on Minimally Invasive Surgical Instruments Market
Further key findings from the study suggest:
· Handheld instruments led the device segment in terms of revenue share in 2017. On the other hand, electrosurgical devices are expected to witness the fastest CAGR during the forecast period
· Orthopedic led the application segment in terms of revenue share in 2017 owing to easy surgical alternatives with minimum tissue disruption in the form of MIS procedures
· Continuous adoption of MIS techniques for spine related procedures has led to the expansion of procedural volumes for orthopedic MIS
· Hospital segment held a majority of the market share in 2017. On the other hand, the Ambulatory Surgical Centers segment is likely to experience the fastest growth in the forthcoming 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 U.S.
· North America held majority of the market share in 2017 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 the minimally invasive surgical instruments market.
Grand View Research has segmented the global minimally invasive surgical instruments market based on device, application, end use, and region:
Minimally Invasive Surgical Instruments Device Outlook (Revenue, USD Million, 2014 - 2025)
· Handheld Instruments
· Inflation Devices
· Cutter Instruments
· Guiding Devices
· Electrosurgical Devices
· Auxiliary Devices
· Monitoring & Visualization Devices
Minimally Invasive Surgical Instruments Application Outlook (Revenue, USD Million, 2014 - 2025)
· Cardiac
· Gastrointestinal
· Orthopedic
· Vascular
· Gynecological
· Urological
· Thoracic
· Cosmetic
· Dental
· Others
Minimally Invasive Surgical Instruments End Use Outlook (Revenue, USD Million, 2014 - 2025)
· Hospitals
· Ambulatory Surgical Centers
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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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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