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Minimally Invasive Surgical Instruments Market Comprehensive Review of its Applications Growth Opportunities and Future Prospects



Minimally invasive surgeries (MISs) involve minimal surgical incisions and are aimed at reducing trauma to the body. These are most commonly performed with the help of electrosurgical instruments, inflation systems, handheld instruments, and guiding devices. Sutures, forceps, graspers, spatulas, retractors, and dilators are the types of handheld devices that find application in virtually all types of MISs.

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Similarly, the surging prevalence of chronic diseases, such as arthritis, cancer, and cardiovascular diseases, is also expected to drive the minimally invasive surgical instruments market. As per the American Heart Association (AHA), the deaths per year due to cardiovascular disease are expected to rise to 23.6 million by 2030. Cancer, which is among the leading causes of global mortality, accounted for 8.8 million deaths in 2015. The growing prevalence of chronic diseases is expected to increase the demand for surgeries, thereby supporting the growth of the market.

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The minimally invasive surgical instruments market is segmented by geography, product, end user, and application. Based on end user, the categories are research institutes, hospitals, and ambulatory surgical clinics. During the forecast period, the hospitals category is expected to grow at the highest CAGR of 9.7%, which can be credited to the fact that hospitals can easily bear the high installation and maintenance costs of the surgical instruments used in MISs.

In 2016, North America was the largest revenue generator in the minimally invasive surgical instruments market with a contribution of more than $12.1 billion. Developed healthcare facilities, rising geriatric population, and growing prevalence of lifestyle-associated and chronic diseases in the continent are the factors contributing to the growth of this category. The North American market for these instruments would be further driven throughout the forecast period as a result of surging investments in research and development (R&D) in the healthcare sector.
Therefore, the market is slated to advance due to the advantages offered by minimally invasive procedures and increasing ...

News Release: Minimally Invasive Surgical Instruments Market Comprehensive Review of its Applications Growth Opportunities and Future Prospects
Submitted on: March 02, 2020 07:01:40 AM
Submitted by: pramod
On behalf of: https://www.psmarketresearch.com/market-analysis/minimally-invasive-surgical-instruments-market/report-sample
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