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Minimally Invasive Surgery Market Top Companies like Medtronic, Johnson & Johnson Private Limited, B. Braun Melsungen AG, Stryker, Booming Industry By Higher CAGR Forecast Till 2024
Minimally Invasive Surgery Market – Industry Trends and Forecast to 2024
The Global Minimally Invasive Surgery Market accounted to USD 37.27 billion in 2016 growing at a CAGR of 11.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition:
Minimally invasive surgeries are the surgery with tinniest incision instead open surgeries, which helps to reduce the pain, recovery timing and hospital stay. The chronic diseases such as cardiovascular diseases, arthritis, cancer requires minimally invasive surgeries. All these surgeries are done with endoscope, which helps surgeons to operate the surgical area. Less trauma and fastest recovery boosts the growth of the market.
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Competitive Analysis:
The minimally invasive surgery market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of minimally invasive surgery market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
• Less pain and better results boosts the market
• Less hospital stay and fast recovery
• Rise in geriatric population with chronic diseases
• Technologically advanced products in imaging endoscopes
• Benefits of minimally invasive surgeries over traditional open surgeries
• High price of minimally surgical instruments
• Lack of skilled surgeons is the challenge in the market
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Market Segmentation:
The minimally invasive surgery market is segmented by product into surgical devices, monitoring & visualization systems, endosurgical equipment and electrosurgical equipment.
Electrosurgical instruments are sub segmented into electrosurgical generators, electrosurgical instruments and electrocautery devices.
On the basis of application :- Gastrointestinal surgery, gynecology surgery, urology surgery, cosmetic surgery, obesity surgery, thoracic surgery, vascular surgery and orthopaedic surgery.
By technology :- Transcatheter surgery, laparoscopy surgery, non-visual imaging and medical robotics.
By end user :- Hospital surgical departments, outpatient surgery centers, group practices and individual surgeons.
On the basis of geography:- North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
Top Competitors:
• Medtronic ,
• Johnson & Johnson Private Limited,
• B. Braun Melsungen AG,
• Stryker,
• Smith & Nephew,
• Abbott,
• Applied Medical Resources Corporation,
• CONMED Corporation,
• Hoya Group,
• Zimmer Biomet,
• Bema Medical,
• Elite Life Care,
• Tegra Medical,
• Fortimedix Surgical,
• Eurosurgical,
• GENICON,
• Europages,
• MEDI-GLOBE CORPORATION,
• Silex Medical, LLC,
• Freudenberg Medical and Elliott Manufacturing
• among others.
Key Questions Answered in Global Minimally Invasive Surgery Market Report:-
What will the market growth rate, Overview and Analysis by Type of Global Minimally Invasive Surgery Market in 2024?
What are the key factors driving, Analysis by Applications and Countries Global Minimally Invasive Surgery Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Minimally Invasive Surgery Market?
Who are Opportunities, Risk and Driving Force of Global Minimally Invasive Surgery Market?
Who are the opportunities and threats faced by the vendors in Global Minimally Invasive Surgery Market?
What are the Global Minimally Invasive Surgery Market opportunities, market risk and market overview of the Market?
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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