Minimally Invasive Surgical Instruments Market
Minimally Invasive Surgical Instruments Market Overview
The report is titled ‘Minimally Invasive Surgical Instruments Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the minimally invasive surgical instruments market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The minimally invasive surgical instruments market is expected to grow at a significant rate in the near future.
The global minimally invasive surgical instruments market in 2020 is estimated for more than US$ 25.5 Bn and expected to reach a value of US$ 47.8 Bn by 2028 with a significant CAGR of 8.2%.
Minimally Invasive Surgical Instruments Market Dynamics
Factors like the increasing geriatric population elevated occurrence and count of lifestyle-oriented diseased patients, and the mounting demand and adoption of surgeries with improved technology serve to be the prime market growth driving factors. In addition, the benefits like cost-effectiveness and reduced recovery time span with the development of new technologies and reduction in post-surgery trauma further aid the growth of the minimally invasive surgical instruments market. Moreover, the advantages and high acceptance rate of minimally invasive surgeries over traditional open surgeries also acts as a market driving factor.
The mounting rate of adoption of new technologies and the rising occurrence of lifestyle-related and chronic disorders also boost market growth. However, the uncertain regulatory framework, the reimbursement issues linked with the medical device industry along the scarcity of expert professionals hamper the market growth. On the other hand, growing demand from emerging countries and increasing research and development activities offer opportunities, resulting in market growth. However, the major challenging factor of this market is the changing decision-making power along with the cost-benefit analysis followed by hospitals.
Minimally Invasive Surgical Instruments Market Segmentation
The global minimally invasive surgical instruments market is segmented on the basis of device, application, end-use, and region.
By Device:
Handheld Instruments
Inflation Devices
Cutter Instruments
Guiding Devices
Electrosurgical Devices
Auxiliary Devices
Monitoring & Visualization Devices
By Application:
Cardiac
Gastrointestinal
Orthopedic
Vascular
Gynecological
Urological
Thoracic
Cosmetic
Dental
Others
By End Use:
Hospitals
Ambulatory Surgical Centers
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Minimally Invasive Surgical Instruments Market Competitive Landscape
Key players operating in the global minimally invasive surgical instruments market include:
Abbott Laboratories
ArthroCare Corporation
Biomet, Inc.
DePuy Synthes
Ethicon, Inc.
GE Healthcare
Intuitive Surgical, Inc.
Medtronic, Inc.
NuVasive, Inc.
Siemens Healthcare GmbH
Zimmer Biomet Holdings Inc.
Regional Segmentation
On the basis of region, the minimally invasive surgical instruments market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
MMC Overview on Minimally Invasive Surgical Instruments Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Minimally Invasive Surgical Instruments market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth include (but not restricted to):
• New product designs and launches
• Current product compliance
• Reimbursement
• Concerns for use of Minimally Invasive Surgical Instruments
• Advantages of Minimally Invasive Surgical Instruments
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at the regional level and in major countries globally for providing regional insights into the product segment in the report. This helps our clients to make an informed decision.
A mix of the top-down and bottom-up approach is followed to arrive at and validate our market value estimations. For a product segment wherein one/two manufacturer(s) dominates the market, its product sales, previous growth rates, and market expansion plans are considered to generate market share in the global market.
1. Global Minimally Invasive Surgical Instruments Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Minimally Invasive Surgical Instruments Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Minimally Invasive Surgical Instruments Market Snapshot
2.4. Global Minimally Invasive Surgical Instruments Market Size and Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Minimally Invasive Surgical Instruments Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Minimally Invasive Surgical Instruments Market, By Device
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Device
3.1.2. BPS Analysis, By Device
3.2. Market Revenue (US$Mn) Forecast, By Device
3.2.1. Handheld Instruments
3.2.2. Inflation Devices
3.2.3. Cutter Instruments
3.2.4. Guiding Devices
3.2.5. Electrosurgical Devices
3.2.6. Auxiliary Devices
3.2.7. Monitoring & Visualization Devices
3.3. Global Minimally Invasive Surgical Instruments Market Attractiveness Index, By Device
4. Global Minimally Invasive Surgical Instruments Market, By Application
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By Application
4.1.2. BPS Analysis, By Application
4.2. Market Revenue (US$Mn) Forecast, By Application
4.2.1. Cardiac
4.2.2. Gastrointestinal
4.2.3. Orthopedic
4.2.4. Vascular
4.2.5. Gynecological
4.2.6. Urological
4.2.7. Thoracic
4.2.8. Cosmetic
4.2.9. Dental
4.2.10. Others
4.3. Global Minimally Invasive Surgical Instruments Market Attractiveness Index, By Application
5. Global Minimally Invasive Surgical Instruments Market, By End Use
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By End Use
5.1.2. BPS Analysis, By End Use
5.2. Market Revenue (US$Mn) Forecast, By End Use
5.2.1. Hospitals
5.2.2. Ambulatory Surgical Centers
5.3. Global Minimally Invasive Surgical Instruments Market Attractiveness Index, By End Use
6. Global Minimally Invasive Surgical Instruments Market, By Region
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Region
6.1.2. BPS Analysis, By Region
6.2. Market Revenue (US$Mn) Forecast, By Region
6.2.1. North America
6.2.2. Latin America
6.2.3. Europe
6.2.4. Asia Pacific
6.2.5. Middle East
6.2.6. Africa
6.3. Global Minimally Invasive Surgical Instruments Market Attractiveness Index, By Region
7. North America Minimally Invasive Surgical Instruments Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Market Revenue (US$Mn) Forecast, By Country
7.2.1. U.S. Minimally Invasive Surgical Instruments Market
7.2.2. Canada Minimally Invasive Surgical Instruments Market
7.3. North America Minimally Invasive Surgical Instruments Market, By Device
7.3.1. Handheld Instruments
7.3.2. Inflation Devices
7.3.3. Cutter Instruments
7.3.4. Guiding Devices
7.3.5. Electrosurgical Devices
7.3.6. Auxiliary Devices
7.3.7. Monitoring & Visualization Devices
7.4. North America Minimally Invasive Surgical Instruments Market, By Application
7.4.1. Cardiac
7.4.2. Gastrointestinal
7.4.3. Orthopedic
7.4.4. Vascular
7.4.5. Gynecological
7.4.6. Urological
7.4.7. Thoracic
7.4.8. Cosmetic
7.4.9. Dental
7.4.10. Others
7.5. North America Minimally Invasive Surgical Instruments Market, By End Use
7.5.1. Hospitals
7.5.2. Ambulatory Surgical Centers
7.6. North America Minimally Invasive Surgical Instruments Market Attractiveness Index
7.6.1. By Country
7.6.2. By Device
7.6.3. By Application
7.6.4. By End Use
8. Latin America Minimally Invasive Surgical Instruments Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market (US$Mn) Forecast, By Country
8.2.1. Brazil minimally invasive surgical instruments market
8.2.2. Mexico minimally invasive surgical instruments market
8.2.3. Argentina minimally invasive surgical instruments market
8.2.4. Rest of Latin America Minimally Invasive Surgical Instruments Market
8.3. Latin America Minimally Invasive Surgical Instruments Market, By Device
8.3.1. Handheld Instruments
8.3.2. Inflation Devices
8.3.3. Cutter Instruments
8.3.4. Guiding Devices
8.3.5. Electrosurgical Devices
8.3.6. Auxiliary Devices
8.3.7. Monitoring & Visualization Devices
8.4. Latin America Minimally Invasive Surgical Instruments Market, By Application
8.4.1. Cardiac
8.4.2. Gastrointestinal
8.4.3. Orthopedic
8.4.4. Vascular
8.4.5. Gynecological
8.4.6. Urological
8.4.7. Thoracic
8.4.8. Cosmetic
8.4.9. Dental
8.4.10. Others
8.5. Latin America Minimally Invasive Surgical Instruments Market, By End Use
8.5.1. Hospitals
8.5.2. Ambulatory Surgical Centers
8.6. Latin America Minimally Invasive Surgical Instruments Market Attractiveness Index
8.6.1. By Country
8.6.2. By Device
8.6.3. By Application
8.6.4. By End Use
9. Europe Minimally Invasive Surgical Instruments Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market (US$Mn) Forecast, By Country
9.2.1. U.K. Minimally Invasive Surgical Instruments Market
9.2.2. Germany Minimally Invasive Surgical Instruments Market
9.2.3. Italy Minimally Invasive Surgical Instruments Market
9.2.4. France Minimally Invasive Surgical Instruments Market
9.2.5. Spain Minimally Invasive Surgical Instruments Market
9.2.6. Russia Minimally Invasive Surgical Instruments Market
9.2.7. Poland Minimally Invasive Surgical Instruments Market
9.2.8. BENELUX Minimally Invasive Surgical Instruments Market
9.2.9. NORDIC Minimally Invasive Surgical Instruments Market
9.2.10. Rest of Europe Minimally Invasive Surgical Instruments Market
9.3. Europe Minimally Invasive Surgical Instruments Market, By Device
9.3.1. Handheld Instruments
9.3.2. Inflation Devices
9.3.3. Cutter Instruments
9.3.4. Guiding Devices
9.3.5. Electrosurgical Devices
9.3.6. Auxiliary Devices
9.3.7. Monitoring & Visualization Devices
9.4. Europe Minimally Invasive Surgical Instruments Market, By Application
9.4.1. Cardiac
9.4.2. Gastrointestinal
9.4.3. Orthopedic
9.4.4. Vascular
9.4.5. Gynecological
9.4.6. Urological
9.4.7. Thoracic
9.4.8. Cosmetic
9.4.9. Dental
9.4.10. Others
9.5. Europe Minimally Invasive Surgical Instruments Market, By End Use
9.5.1. Hospitals
9.5.2. Ambulatory Surgical Centers
9.6. Europe Minimally Invasive Surgical Instruments Market Attractiveness Index
9.6.1. By Country
9.6.2. By Device
9.6.3. By Application
9.6.4. By End Use
10. Asia Pacific Minimally Invasive Surgical Instruments Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. China Minimally Invasive Surgical Instruments Market
10.2.2. India Minimally Invasive Surgical Instruments Market
10.2.3. Japan Minimally Invasive Surgical Instruments Market
10.2.4. Australia and New Zealand Minimally Invasive Surgical Instruments Market
10.2.5. South Korea Minimally Invasive Surgical Instruments Market
10.2.6. ASEAN Minimally Invasive Surgical Instruments Market
10.2.7. Rest of Asia Pacific Minimally Invasive Surgical Instruments Market
10.3. Asia Pacific Minimally Invasive Surgical Instruments Market, By Device
10.3.1. Handheld Instruments
10.3.2. Inflation Devices
10.3.3. Cutter Instruments
10.3.4. Guiding Devices
10.3.5. Electrosurgical Devices
10.3.6. Auxiliary Devices
10.3.7. Monitoring & Visualization Devices
10.4. Asia Pacific Minimally Invasive Surgical Instruments Market, By Application
10.4.1. Cardiac
10.4.2. Gastrointestinal
10.4.3. Orthopedic
10.4.4. Vascular
10.4.5. Gynecological
10.4.6. Urological
10.4.7. Thoracic
10.4.8. Cosmetic
10.4.9. Dental
10.4.10. Others
10.5. Asia Pacific Minimally Invasive Surgical Instruments Market, By End Use
10.5.1. Hospitals
10.5.2. Ambulatory Surgical Centers
10.6. Asia Pacific Minimally Invasive Surgical Instruments Market Attractiveness Index
10.6.1. By Country
10.6.2. By Device
10.6.3. By Application
10.6.4. By End Use
11. Middle East Minimally Invasive Surgical Instruments Market, By Region
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. GCC Countries Minimally Invasive Surgical Instruments Market
11.2.2. Israel Minimally Invasive Surgical Instruments Market
11.2.3. Oman Minimally Invasive Surgical Instruments Market
11.2.4. Rest of Middle East Minimally Invasive Surgical Instruments Market
11.3. Middle East Minimally Invasive Surgical Instruments Market, By Device
11.3.1. Handheld Instruments
11.3.2. Inflation Devices
11.3.3. Cutter Instruments
11.3.4. Guiding Devices
11.3.5. Electrosurgical Devices
11.3.6. Auxiliary Devices
11.3.7. Monitoring & Visualization Devices
11.4. Middle East Minimally Invasive Surgical Instruments Market, By Application
11.4.1. Cardiac
11.4.2. Gastrointestinal
11.4.3. Orthopedic
11.4.4. Vascular
11.4.5. Gynecological
11.4.6. Urological
11.4.7. Thoracic
11.4.8. Cosmetic
11.4.9. Dental
11.4.10. Others
11.5. Middle East Minimally Invasive Surgical Instruments Market, By End Use
11.5.1. Hospitals
11.5.2. Ambulatory Surgical Centers
11.6. Middle East Minimally Invasive Surgical Instruments Market Attractiveness Index
11.6.1. By Country
11.6.2. By Device
11.6.3. By Application
11.6.4. By End Use
12. Africa Minimally Invasive Surgical Instruments Market, By Region
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. South Africa Minimally Invasive Surgical Instruments Market
12.2.2. Egypt Minimally Invasive Surgical Instruments Market
12.2.3. North Africa Minimally Invasive Surgical Instruments Market
12.2.4. Rest of Africa Minimally Invasive Surgical Instruments Market
12.3. Africa Minimally Invasive Surgical Instruments Market, By Device
12.3.1. Handheld Instruments
12.3.2. Inflation Devices
12.3.3. Cutter Instruments
12.3.4. Guiding Devices
12.3.5. Electrosurgical Devices
12.3.6. Auxiliary Devices
12.3.7. Monitoring & Visualization Devices
12.4. Africa Minimally Invasive Surgical Instruments Market, By Application
12.4.1. Cardiac
12.4.2. Gastrointestinal
12.4.3. Orthopedic
12.4.4. Vascular
12.4.5. Gynecological
12.4.6. Urological
12.4.7. Thoracic
12.4.8. Cosmetic
12.4.9. Dental
12.4.10. Others
12.5. Africa Minimally Invasive Surgical Instruments Market, By End Use
12.5.1. Hospitals
12.5.2. Ambulatory Surgical Centers
12.6. Africa Minimally Invasive Surgical Instruments Market Attractiveness Index
12.6.1. By Country
12.6.2. By Device
12.6.3. By Application
12.6.4. By End Use
13. Recommendation
13.1. Market Strategy
14. Competitive Landscape
14.1. Competition Dashboard
14.2. List and Company Overview of Global Key Players
14.3. Company Profiles
14.3.1. Abbott
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Key Developments
14.3.1.5. Business Strategies
14.3.2. ArthroCare Corporation
14.3.3. Biomet, Inc.
14.3.4. DePuy Synthes
14.3.5. Ethicon, Inc.
14.3.6. GE Healthcare
14.3.7. Intuitive Surgical, Inc.
14.3.8. Medtronic, Inc.
14.3.9. NuVasive, Inc.
14.3.10. Siemens Healthcare GmbH
14.3.11. Zimmer Biomet Holdings Inc.
15. Acronyms