PUBLISHER: Value Market Research | PRODUCT CODE: 1548012
PUBLISHER: Value Market Research | PRODUCT CODE: 1548012
The global demand for Minimally Invasive Surgical Instruments Market is presumed to reach the market size of nearly USD 71.54 Billion by 2032 from USD 30.89 Billion in 2023 with a CAGR of 9.78% under the study period 2024-2032.
Minimally Invasive Surgical Instruments are the various surgical instrumentals used to perform surgeries with very minimal incisions or cuts on a patient. An invasive surgical procedure is different from a conventional surgery as it involves puncturing the skin to insert surgical instruments inside the specific part of the body where the surgery is being performed.The benefits of minimally invasive surgery is it results in minimal scarring, very less pain during and after the procedure, shorter hospital stay, relatively safer and speedy recovery. It does involve some risk conditions like infection of the punctured part of the body,bleeding, and anaesthesia.The instruments used for a minimally invasive surgical procedure are generally small, precision based instruments like tubes, very small video cameras, robotic controlled surgical tools and fiber optic cables. The camera guides the surgeon in performing the surgery by the transmission of images to an external video monitor. They are used for various kinds of surgery like cardiac, gynaecology, orthopaedic, urological condition, and pancreatic surgery.
The reduction in health care costs, increasing geriatric population, increase in the number of surgeries being performed due to lifestyle disorders and technological advancements are the key factors that will drive the growth of this market. Raised awareness of these instruments and the plethora of benefits offered by these instruments will boost the market growth. In times of COVID -19, this market might experience a peak since this contagious disease can trigger surgery in high-risk patients. The lack of skilled labour and strict government regulations which are not in favour of these instruments will restrain the growth of this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Minimally Invasive Surgical Instruments. The growth and trends of Minimally Invasive Surgical Instruments industry provide a holistic approach to this study.
This section of the Minimally Invasive Surgical Instruments market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Minimally Invasive Surgical Instruments market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Minimally Invasive Surgical Instruments market include Medtronic, Siemens, Healthineer AG, Ethicon Inc. (Johnson & Johnson), Depuy Synthes, GE Healthcare, Abbott Laboratories, Intutive Surgical Inc., Nuvasive Inc., Zimmer Biomet. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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