Market Research Report
Minimally Invasive Surgeries Market with COVID-19 Impact Analysis, By Product Type, By Application, and By Region - Size, Share, & Forecast from 2021-2027
|Published by||AnalystView Market Insights||Product code||997983|
|Published||Content info||260 Pages
Delivery time: 2-3 business days
|Minimally Invasive Surgeries Market with COVID-19 Impact Analysis, By Product Type, By Application, and By Region - Size, Share, & Forecast from 2021-2027|
|Published: March 1, 2021||Content info: 260 Pages||
The global Minimally Invasive Surgeries market was valued at USD 23.5 billion in 2020, growing with 10.1% CAGR during the forecast period, 2021-2027.
Minimally invasive surgical equipment or devices refer to robot-assisted surgical systems, electrosurgical systems, and surgical equipment that are used during the minimally invasive processes. These devices offer various benefits with minimally invasive procedures, including less recovery time, shortened hospital stay, minimal pain to the patients, and high accuracy.
The minimally invasive surgeries market is estimated to witness a substantial growth rate in the next few years. The increasing prevalence of chronic disorders especially among older adults is a key factor boosting the market growth. Several surgeries including cardiac surgery, orthopedic surgeries are performed with invasive procedures. Minimal invasive surgeries are highly preferred over traditional types owing to their better advantages with reduced time, lesser hospital stay. Moreover, the traditional surgical process is known to be more complex and traumatic. In the case of a minimally invasive method, the process is less painful, and a person can recover rapidly.
Furthermore, the technological development in the field of surgical instruments is projected to fuel market growth. The advanced instrument enables surgeons to perform surgical operations efficiently. Imaging technology and optical engineering are utilized for visualizing tissues and other internal spots. Thus, the advancement in video imaging and instrumentation is expected to positively impact market growth. The ambulatory surgical center is growingly preferring MIS technique to treat patients. The International Society of Gynecologic Endoscopy (ISGE), and the American Association of Gynecologic Laparoscopists (AAGL) are collaborating to create awareness about the benefits of the MIS technique.
The minimally invasive surgeries market is segregated into product type and end-user segments. Based on product type the handheld instruments segment held the largest revenue share in 2019. By application, the orthopedic segment is projected to dominate the market with the largest market share during the forecast period.
In 2019, North America held the highest revenue share in the overall market. The rising per capita expenditure in the U.S. on healthcare is mainly boosting regional growth. According to the Organization for Economic Co-operation and Development (OECD), the per capita healthcare expenditure in the U.S. is greater than in other countries. Europe is projected to expand at a significant rate over the forecast period. Asia Pacific is expected to expand at the highest CAGR over the forecast period, 2021 to 2027.
The minimally invasive surgeries market is fragmented with the presence of local & international players. Top players in the market include Medtronic, Smith & Nephew, Stryker Corporation, Abbott, NuVasive, Inc. Key players in the market engage in strategic activities such as collaboration, and new product developments to deliver advanced MIS solutions. In addition, several companies invest in R&D development to expand their market in untapped regions.
Key features of the study:
This proposed research study on Minimally Invasive Surgeries market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Minimally Invasive Surgeries market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Minimally Invasive Surgeries market
Impact of COVID-19 on Minimally Invasive Surgeries market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Minimally Invasive Surgeries market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Minimally Invasive Surgeries market, we have also included competitive landscape and key innovator analysis for the Minimally Invasive Surgeries market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Minimally Invasive Surgeries market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the Minimally Invasive Surgeries market on global as well as regional level.
The global Minimally Invasive Surgeries market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL MINIMALLY INVASIVE SURGERIES MARKET KEY PLAYERS
Smith & Nephew
Koninklijke Philips N.V.
Intuitive Surgical, Inc.
GLOBAL MINIMALLY INVASIVE SURGERIES MARKET, BY PRODUCT TYPE
Monitoring and Visualization Devices
Robotic Assisted Surgical Systems
Laser Based Devices
Other MIS Devices
GLOBAL MINIMALLY INVASIVE SURGERIES MARKET, BY APPLICATION
GLOBAL MINIMALLY INVASIVE SURGERIES MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures