Minimally Invasive Surgical Instruments Market Forecast Report 2023
market value is expected to reach USD 22.04 billion by 2023 from USD 113.57 billion in 2018, growing at a CAGR of 10.19% for the next five years 2018-2023.
(EMAILWIRE.COM, August 10, 2018 ) In the year 2018 Global minimally invasive surgical instruments market was valued at USD 13.57 billion. By the year 2023, it is predicted to reach USD 22.04 billion with pace of 10.19% CAGR.
Minimally invasive surgical procedures involve the utilization of surgery instruments like arthroscopic or laparoscopic devices, and remote controlled instruments to monitor the surgery with help of endoscopy or large display panel. Minimally invasive surgery may cause less pain, reduces the damage to healthy tissue, and the patient may have a fast recovery. Some of the instruments which include in minimally invasive surgeries are visualizing scope, stents, sutures, dilators, electrosurgical instruments, balloon inflation devices, guiding catheters, trocars, rasps, and cannulas.
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Factors affecting market growth:
· Growing technological advancements in the Global Minimally Invasive Surgical Instruments Market. (+)
· Improved patient quality of life. (+)
· Reduction in time and healthcare expenditure. (+)
· Increasing aging population globally. (+)
· Rising of chronic diseases like cancer, tumor, cardiovascular, and other diseases. (+)
· Risks & complications like anesthesia, bleeding is high in minimally invasive surgeries. (-)
· Minimally invasive surgery is not suitable for high body mass index, skin adhesions conditions. (-)
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Market Segmentation
The Global minimally invasive surgical instruments market is segmented on the basis of
Product
· Handheld Instruments
· Electrosurgical Devices
· Guiding Devices
Application
· Orthopedic
· Gastrointestinal
· Cardiothoracic
End users
· Private Hospitals and Surgical Clinics
· Government Hospitals
· Academic and Research Institutes.
Based on application, the orthopedic surgery segment holds largest market share globally and is expected to grow with a high CAGR during the forecast period. In the product type segment handheld instruments segment dominates the global market as it is widely used in all minimally invasive surgeries. On the basis of end users private hospitals & surgical clinics segment is estimated to account for the largest share for the global minimally invasive surgical instruments.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/minimally-invasive-surgical-instruments-market-215/
Key players:
Major companies for global minimally invasive surgical instruments are Applied Biomedical Resources Corporation (U.S.), Microline Surgical (Japan), Zimmer Biomet (U.S.), Medtronic plc (Ireland), Ethicon, Inc. (U.S.), Aesculap, Inc. (Germany), Stryker Corporation (U.S.), ConMed Corporation, Smith & Nephew (U.K.), (U.S.), and Abbott Laboratories (U.S.)
About Market Data Forecast
Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
Minimally invasive surgical procedures involve the utilization of surgery instruments like arthroscopic or laparoscopic devices, and remote controlled instruments to monitor the surgery with help of endoscopy or large display panel. Minimally invasive surgery may cause less pain, reduces the damage to healthy tissue, and the patient may have a fast recovery. Some of the instruments which include in minimally invasive surgeries are visualizing scope, stents, sutures, dilators, electrosurgical instruments, balloon inflation devices, guiding catheters, trocars, rasps, and cannulas.
Request Report Sample: https://www.marketdataforecast.com/market-reports/minimally-invasive-surgical-instruments-market-215/request-sample
Factors affecting market growth:
· Growing technological advancements in the Global Minimally Invasive Surgical Instruments Market. (+)
· Improved patient quality of life. (+)
· Reduction in time and healthcare expenditure. (+)
· Increasing aging population globally. (+)
· Rising of chronic diseases like cancer, tumor, cardiovascular, and other diseases. (+)
· Risks & complications like anesthesia, bleeding is high in minimally invasive surgeries. (-)
· Minimally invasive surgery is not suitable for high body mass index, skin adhesions conditions. (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/minimally-invasive-surgical-instruments-market-215/customize-report
Market Segmentation
The Global minimally invasive surgical instruments market is segmented on the basis of
Product
· Handheld Instruments
· Electrosurgical Devices
· Guiding Devices
Application
· Orthopedic
· Gastrointestinal
· Cardiothoracic
End users
· Private Hospitals and Surgical Clinics
· Government Hospitals
· Academic and Research Institutes.
Based on application, the orthopedic surgery segment holds largest market share globally and is expected to grow with a high CAGR during the forecast period. In the product type segment handheld instruments segment dominates the global market as it is widely used in all minimally invasive surgeries. On the basis of end users private hospitals & surgical clinics segment is estimated to account for the largest share for the global minimally invasive surgical instruments.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/minimally-invasive-surgical-instruments-market-215/
Key players:
Major companies for global minimally invasive surgical instruments are Applied Biomedical Resources Corporation (U.S.), Microline Surgical (Japan), Zimmer Biomet (U.S.), Medtronic plc (Ireland), Ethicon, Inc. (U.S.), Aesculap, Inc. (Germany), Stryker Corporation (U.S.), ConMed Corporation, Smith & Nephew (U.K.), (U.S.), and Abbott Laboratories (U.S.)
About Market Data Forecast
Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results