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Minimally-invasive Surgery Devices Market 2019 | Rising Status of Key Players, Industry Size & Share, Growth Factors, New Technologies Revenue Forecast by 2024

Minimally-invasive

The “Minimally-invasive Surgery Devices Market” report 2019 covers all the significant developments which are recently being adopted across the global market. The prime objective of Minimally-invasive Surgery Devices market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. The Minimally-invasive Surgery Devices market report covers both the demand and supply aspect of the market. The report also highlighted the future trends in the Minimally-invasive Surgery Devices market that will impact the demand during the forecast period.

Scope of the Report:

  • As per the scope of this report, minimally-invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment, which are used during the minimally-invasive procedure. The minimally-invasive neurosurgery device market is growing at a significant rate, due to various benefits associated with minimally-invasive procedures, such as less recovery time, minimal pain to the patients, shortened hospital stay, and high accuracy. The market is segmented by products, application, and geography.

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    Market Overview:

  • The minimally-invasive surgery devices market is expected to register a CAGR of 8%, over the forecast period. The major factors for the growth of the minimally-invasive surgery devices market include the higher acceptance rate of minimally-invasive surgeries over traditional surgeries, increasing prevalence of lifestyle-related and chronic disorders, and technological advancements.
  • Minimally-invasive surgeries (MIS) cause less post-operative pain, and hence, patients receive smaller dosages of pain killers. As there are minimal cuts or stitches involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to quicker recovery. In addition, the body scars involved in MIS are barely noticeable. The main advantage of MIS over the traditional open surgeries is the higher precision due to video-assisted equipment, which produces a better and magnified image of the organs or body parts being operated. These surgeries are gaining wider acceptance among the geriatric population, due to the relatively shorter recovery time. Few organizations, such as the American Association of Gynecologic Laparoscopists (AAGL) and the International Society of Gynecologic Endoscopy (ISGE), are collaborating with healthcare agencies in South Africa, to create awareness about the benefits of MIS, and improve the adoption rate. Thus, owing to the benefits associated with minimally-invasive surgeries, the adoption rate is increasing, which may increase the overall growth of the market over the forecast period.

    Some of the Top Key Players of Minimally-invasive Surgery Devices Market Report Are:

  • Abbott Laboratories
  • GE Healthcare
  • Intuitive Surgical Inc.
  • Koninklijke Philips NV
  • Medtronic PLC
  • Olympus Corporation
  • Siemens Healthineers
  • Smith & Nephew
  • Stryker Corporation
  • Zimmer Biomet

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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    Key Market Trends:

    Gastrointestinal Segment, under Application, is expected to be the Fastest Growing Segment over the Forecast Period.

    The gastrointestinal segment is expected to be the fastest growing segment, owing to the rising incidence of gastrointestinal diseases in the young, adult, and geriatric groups, worldwide. Dyspepsia, irritable-bowel syndrome, and constipation are some of the examples of gastrointestinal disorders. Gastroesophageal reflux disease is also a prevalent form of the organic gastrointestinal disorder. Minimally-invasive surgery has gained popularity for benign diseases, and has proved its safety and efficacy over traditional methods, owing to which, it has gained substantial attention in the past several years. According to the data published by Centers for Disease Control and Prevention (CDC), there were 32.3 million of visits to physician offices, with diseases of the digestive system as the primary diagnosis in the United States. With the increase in the government’s continuous effort to improve the health of people, the number of gastrointestinal surgeries is bound to rise, which, in turn, may improve the scope for minimally-invasive devices meant for gastrointestinal surgery.

    North America accounted for the Largest Share in the Global Market

    North America held a major share for the minimally-invasive surgery devices market, and is expected to show a similar trend over the forecast period, without significant fluctuations. North America is anticipated to dominate the minimally-invasive neurosurgery devices market, globally. The factors attributed to the high growth of the region are the increasing number of neurological disorders and the growing adoption of minimally-invasive surgeries in the region. More than 65 million American citizens suffer from lower back problems, every year. Neurosurgery and skull-based surgery are undergoing a paradigm shift. The physicians are using endoscopic techniques to visualize and excise lesions that were previously addressed through large, open surgeries. The advantages of minimally-invasive surgeries, such as less invasiveness, quick recovery time of patients, and low-cost of treatment, have augmented the demand for minimally-invasive neurosurgery devices in the region. Furthermore, advancements in various surgical devices from established key players, in the United States, are likely to drive the market growth in North America.

    The Report Covers:

    • Comprehensive research methodology of Minimally-invasive Surgery Devices market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Minimally-invasive Surgery Devices market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Minimally-invasive Surgery Devices Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Higher Acceptance Rate of Minimally-invasive Surgeries over Traditional Surgeries
    4.2.2 Increasing Prevalence of Lifestyle-related and Chronic Disorders
    4.2.3 Technological Advancements
    4.3 Market Restraints
    4.3.1 Shortage of Experienced Professionals
    4.3.2 Uncertain Regulatory Framework
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Products
    5.1.1 Handheld Instruments
    5.1.2 Guiding Devices
    5.1.2.1 Guiding Catheters
    5.1.2.2 Guidewires
    5.1.3 Electrosurgical Devices
    5.1.4 Endoscopic Devices
    5.1.5 Laproscopic Devices
    5.1.6 Monitoring and Visualization Devices
    5.1.7 Robotic Assisted Surgical Systems
    5.1.8 Ablation Devices
    5.1.9 Laser Based Devices
    5.1.10 Other MIS Devices
    5.2 By Application
    5.2.1 Aesthetic
    5.2.2 Cardiovascular
    5.2.3 Gastrointestinal
    5.2.4 Gynecological
    5.2.5 Orthopedic
    5.2.6 Urological
    5.2.7 Other Applications
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott Laboratories
    6.1.2 GE Healthcare
    6.1.3 Intuitive Surgical Inc.
    6.1.4 Koninklijke Philips NV
    6.1.5 Medtronic PLC
    6.1.6 Olympus Corporation
    6.1.7 Siemens Healthineers
    6.1.8 Smith & Nephew
    6.1.9 Stryker Corporation
    6.1.10 Zimmer Biomet

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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