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Minimally Invasive Surgical Instruments Market Segment Analysis By Device, Application, End Use, Region And Forecast From 2019 To 2026 : Grand View Research Inc.

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Minimally Invasive Surgical Instruments Market Segment Analysis By Device, Application, End Use, Region And Forecast From 2019 To 2026 : Grand View Research Inc.

January 17
13:33 2020
Minimally Invasive Surgical Instruments Market Segment Analysis By Device, Application, End Use, Region And Forecast From 2019 To 2026 : Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
The minimally invasive surgical instruments market size was valued at USD 20.0 billion in 2018 and is anticipated to grow at a CAGR of 9.85% over the forecast period.

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.

U.S. minimally invasive surgical instruments market size, by device, 2015 - 2026 (USD Million)

Request a sample Copy of the Minimally Invasive Surgical Instruments Market Research Report @ https://www.grandviewresearch.com/industry-analysis/minimally-invasive-surgical-instruments-market/request/rs1

Key Takeaways Of The Report :

  • 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

Europe minimally invasive surgical instruments market share, by end use, 2018 (%)

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/5446/ibb

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

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

Browse Related Report :

Electrosurgical Devices Market : https://www.grandviewresearch.com/industry-analysis/electrosurgical-devices-market

Nuclear Medicine Equipment Market : https://www.grandviewresearch.com/industry-analysis/nuclear-medicine-equipment-market

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/minimally-invasive-surgical-instruments-market