Fr. Jun 28th, 2024

Minimally Invasive Surgical Instruments Market is Anticipated to reach US$ 47.8 Bn and expanding at a CAGR of 8.2% over the forecast years (2022-2030) – R&I

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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%.

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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.

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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.

 

To view Top Players, Segmentation and other Statistics of Minimally Invasive Surgical Instruments Industry, Get Sample Report @: https://reportsandinsights.com/sample-request/1307

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