Pune, India -- (SBWIRE) -- 06/18/2018 -- Global Minimally Invasive Surgery Market by Product (Surgical Devices, Monitoring & Visualization Systems, Endosurgical Equipment, Electrosurgical Equipment), By Application (Gastrointestinal Surgery, Gynecology Surgery, Urology Surgery, Cosmetic Surgery, Obesity Surgery, Thoracic Surgery, Vascular Surgery, Orthopaedic Surgery), By Technology (Transcatheter Surgery, Laparoscopy Surgery, Non-Visual Imaging, Medical Robotics), By End User (Hospital Surgical Departments, Outpatient Surgery Centers, Group Practices, Individual Surgeons), By Geography – Industry Trends and Forecast to 2024
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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.
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.
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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Top Competitors:
- Medtronic ,
- Johnson & Johnson Private Limited,
- 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.
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