According to research report minimally invasive devices market is expected to grow from USD 20.1 billion in 2019 to USD 32.7 billion by 2025, at a CAGR of 8.5%.
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The advantages of minimally invasive surgeries over traditional open
surgeries and the increasing number of minimally invasive surgical
procedures across the globe are the key factors driving market growth.
North America accounted for the largest share of the market in 2018.
In 2018, North America accounted for the largest share of the global
minimally invasive surgery device 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.
By type of
surgery, the cardiothoracic surgery segment accounted for the largest
share of the global MIS instruments market in 2018.
Based on
type of surgery, the global minimally invasive devices 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 minimally invasive
surgery device market in 2018. The large share of this segment can be
attributed to the rising prevalence of cardiac diseases, growing
awareness about the benefits of early detection of cardiovascular
complications, the growing number of coronary and percutaneous
cardiology interventions, and increasing adoption of MIS instruments
owing to their convenience and better results as compared to other
techniques.
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The hospital segment accounted for the largest share of the global MIS instruments market in 2018.
Based on end user, the global minimally invasive devices market is
divided into hospitals and ambulatory surgery centers & clinics. The
hospitals segment accounted for the largest share of the MIS
instruments market in 2018 due to the large number of minimally invasive
surgical procedures performed in hospitals owing to the presence of
highly skilled healthcare professionals.
Handheld instruments accounted for the largest share of the global MIS instruments market in 2018.
Based on product, the minimally invasive devices 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.
The major companies in the
global minimally invasive devices 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).
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