Minimally Invasive Surgical Instrument Market 2018 - Demand For Minimally Invasive Surgeries | Top Players Medtronic Plc, Ethicon Inc., Aesculap Inc., Stryker Corporation, B. Braun Melsungen Ag, Smith & Nephew Plc.

Minimally invasive surgical instruments are thriving in surgical instrument market for decades, owing to advance technology, substantial benefits over conventional techniques for a number of surgical interventions. This rapid growth has been possible due to significant developments in medical technology, which partly solved some of the technical and clinical challenges associated with minimally invasive surgical techniques. Minimally Invasive Surgery (MIS) is performed without making a major incision, patients experience less trauma, shorter hospital stays, and quick recovery time. Conditions such as lungs tumors, cancer, emphysema, repair of heart valve, atrial fibrillation (AFib), gall bladder stones, kidney stones, kidney cysts, endometriosis, ovarian cysts, liver cancer, colon or rectal cancer, pancreatic cancer, gastro esophageal reflux disease (GERD) and etc., can be treated with minimally invasive surgeries.

Request For Sample Copy of Research @ https://www.coherentmarketinsights.com/insight/request-sample/2526

Minimally Invasive Surgical Instrument Market - Competitive Landscape

Key players operating in the global minimally invasive surgical instrument market include Medtronic Plc, Ethicon Inc., Aesculap Inc., Stryker Corporation, B. Braun Melsungen Ag and Smith & Nephew Plc. Other players in this market include ConMed Corporation, Abbott Laboratories, Applied Biomedical Resources Corporation, Boston Scientific Corporation, Microline Surgical, Alcon Laboratories Inc., and Zimmer Biomet Holdings Inc.

The global minimally invasive surgical instruments market size was valued at US$ 12,878.3 million in 2017, and is expected to witness a CAGR of 6.1% over the forecast period (2018 – 2026).

Market Dynamics

Minimally invasive surgical instrument market size is expected to witness significant growth owing to increasing number of diseases, which can be treated with minimally invasive surgeries such as cancer and heart diseases. Minimally invasive surgical instruments are widely used for removal of cancerous tumors from brain, stomach, kidney, ovary, prostate, pancreas, etc. According to the National Cancer Institute (NCI) in 2016, there were an estimated 16.8 million people suffering cancer in the U.S., and around 595,690 deaths occurred from the disease. Moreover, the number of people suffering from cancer is expected to reach to 19 million by 2024.

Increasing numbers of minimally invasive surgeries is expected to drive growth of the minimally invasive surgical instrument market

Increasing number of minimally invasive surgeries is major driving factor for growth of the minimally invasive surgical instruments market revenue, as minimally invasive surgeries are less painful, cost effective, and reduces hospital stay. According to Healthcare Cost and Utilization Project (HCUP) in 2014, around 11.4 million outpatient surgeries were performed in the U.S. Most performed minimally invasive surgeries are cholecystectomy, colectomy, heart surgery, kidney surgery, etc.

Minimally Invasive Surgical Instrument Market - Regional Insights

On the basis of region, the global minimally invasive surgical instruments market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the global minimally invasive surgical instruments market during the forecast period, owing to high prevalence of chronic disorders such as heart disease, cancer, and diabetes, which require the minimally invasive surgery. According to American Association of Retired Persons Chronic Conditions 2018, reports around 45% or 133 million of American’s population suffer from at least one chronic disease.

Detailed Segmentation:

• Global Minimally Invasive Surgical Instrument Market, By Product Type:

- Handheld Instruments
- Electrosurgical Instruments
- Guiding Devices
- Inflation Systems

• Monitoring and Visualization Devices

• Global Minimally Invasive Surgical Instrument Market, By Application:

- Cosmetic Surgery
- Urology
- Gynecology
- Ophthalmology
- Gastrointestinal Surgery
- Cardiovascular Surgery
- Respiratory Surgery
- Others

Grab Best Discount on This Exclusive Report @ https://www.coherentmarketinsights.com/insight/request-discount/2526

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.