New York, NY -- (SBWIRE) -- 01/26/2021 -- The Global Minimally Invasive Surgical Instruments Market is forecast to reach USD 38.43 Billion by 2027, according to a new report by Reports and Data. A minimally invasive medical surgery encompasses the technique of carrying out the surgery by the smallest damage possible to limit the wound during the surgical procedure. The size of the incision made is quite lesser compared to open surgery. The component used in the procedure in order to perform the techniques of making smaller invasion for a successful operation are the minimally invasive surgical instruments. Minimally invasive surgical instruments such as fiber optic cables, miniature scopes & cameras, specially designed invasive surgical devices, are requisite and common for most of the types of minimally invasive surgeries.

The North American market is forecasted to grow with a CAGR of 9.7% during the forecast period, owing to its adoption of advanced equipment & machineries for surgeries and extensive demand for MIS instruments in the MI Surgical Units and departments in all the hospitals and ambulatory surgery centers. Asia Pacific, with its advancements in the healthcare industry and escalating volumes of patients with surgical needs in China, and India, is likely to achieve a significant market share. China and India are some of the fastest-growing markets, while the United States, Japan, and Germany hold some of the most prominent players in the market.

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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Minimally Invasive Surgical Instruments market and profiled in the report are:

Medtronic PLC, B. Braun Melsungen AG, Smith & Nephew PLC, Stryker Corporation, Smith & Nephew PLC, Abbott Laboratories, Ethicon, Inc., Microline Surgicals, Inc., CONMED Corporation, and NuVasive Inc.

The research study further covers the expansion and scope of the market in the key geographies across the globe. It assesses the scope of the market on a global as well as country-wise level. The market is spread across the key regions that include: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report provides a comprehensive analysis of the production and consumption patterns, import and export ratio, supply and demand dynamics, key trends and demands, consumer behavior, and presence and operations of prominent players in each region of the market.

The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2021-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.

The report further segments the market on the basis of product types and application spectrum offered by the market.

Type Outlook (Revenue, USD Billion; 2016-2027)

Handheld Instruments
Inflation Systems
Cutter Instruments
Guiding Devices
Electrosurgical Devices
Auxiliary Instruments

Sales Channel Outlook (Revenue, USD Billion; 2016-2027)

Online Retailing
Medical Stores & Brand Outlet

Type of Procedure Outlook (Revenue, USD Billion; 2016-2027)

Robotic
Non-robotic

Application Outlook (Revenue, USD Billion; 2016-2027)

Cardiovascular Surgery
Gastrointestinal Surgery
Orthopedic Surgery
Gynecological Surgery
Cosmetic Surgery
Urological Surgery
Others

End-Users Outlook (Revenue, USD Billion; 2016-2027)

Hospitals
Clinics & Research Institutes
Ambulatory Surgical Center
Others

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TOC -
Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018-2027

Chapter 3. Indicative Metrics

Chapter 4. Minimally Invasive Surgical Instruments Market Segmentation & Impact Analysis

Continued……….

The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Minimally Invasive Surgical Instruments market and its competitive landscape.

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