Minimally Invasive Surgical Instrument Market, By Product Type (Handheld Instruments, Electrosurgical Instruments, Guiding Devices, Inflation Devices and Monitoring Devices), By Application (Cosmetic Surgery, Urology, Gynecology, Ophthalmology, Gastrointestinal Surgery, Cardiovascular Surgery, Respiratory Surgery and Others), By End User (Hospital, Clinics, and Ambulatory Surgical Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
- Report code : CMI42526 |
- Industry :
Medical Devices
- Published On : Mar 2019 |
- Pages : 174 Pages |
- Format :
Minimally Invasive Surgical Instrument Market – Insights
Minimally invasive surgical instruments are used in minimally invasive surgeries (MIS). These surgeries are performed to limit the size and number of cuts and incisions to lessen the wound healing time. These surgeries, reduce hospital stay with less pain and few complications. Minimally invasive surgeries are preferred by majority of people due to its benefits. Different type of instruments are used in minimally invasive such as small tubes, compact cameras, catheters, and others. Minimally invasive surgeries are widely conducted in cosmetology, as it involves minimum scarring and quick healing. Another type of minimally invasive surgery is robotic surgery. It provides a magnified, 3-D view of the surgical site and helps the surgeon to operate with precision, flexibility, and control.
The global minimally invasive surgical instruments market size was valued at US$ 12,878.3 million in 2017, and is expected to witness a CAGR of 6.1% over the forecast period (2018 – 2026).
Global Minimally Invasive Surgical Instrument Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2026
Source: Coherent Market Insights Analysis (2018)
Increasing numbers of minimally invasive surgeries is expected to drive growth of the minimally invasive surgical instrument market
Increasing number of minimally invasive surgeries is major driving factor for growth of the minimally invasive surgical instruments market revenue, as minimally invasive surgeries are less painful, cost effective, and reduces hospital stay. According to Healthcare Cost and Utilization Project (HCUP) in 2014, around 11.4 million outpatient surgeries were performed in the U.S. Most performed minimally invasive surgeries are cholecystectomy, colectomy, heart surgery, kidney surgery, etc.
Furthermore, minimally invasive surgical instruments are widely used in cosmetic surgeries. According to American Society of Plastic Surgeons (ASPS), around 15.7 million minimally invasive cosmetic procedures were performed in 2017.
Minimally Invasive Surgical Instrument Market – Restraints
Minimally invasive surgeries are very critical to perform and require specialized high end equipment to perform the surgery. Surgeons require specialized training to handle these instruments. For instance, electrosurgical units are often used in minimally invasive surgeries and handling electrosurgical units requires a lot of training and precision. Insulation Failure (IF) in electrosurgery instruments is the most common failure, which hampers the minimally invasive surgical instrument market growth. According to a study published in National Center for Biotechnology Information (NCBI) in 2014, around 489 minimally invasive surgical instruments were examined for operational efficiency. Many instruments failed in showing proper working. Overall rate of insulation failures was 24.1% with only visual inspection and 37.2 % with the insulation failure detector.
Minimally Invasive Surgical Instrument Market - Regional Insights
On the basis of region, the global minimally invasive surgical instruments market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the global minimally invasive surgical instruments market during the forecast period, owing to high prevalence of chronic disorders such as heart disease, cancer, and diabetes, which require the minimally invasive surgery. According to American Association of Retired Persons Chronic Conditions 2018, reports around 45% or 133 million of American’s population suffer from at least one chronic disease.
Asia Pacific minimally invasive surgical instrument market size is the expected to witness fastest growth by 2026, owing to increasing geriatric population and presence of large patient pool undergoing surgical treatments for different medical condition. The countries such as Japan and China has majority of the geriatric population who are 60 year and over. According to World Population Prospects 2017 – United Nations, Japan’s and China’s 60 and above population is 27.8% and 17.3% respectively.
Global Minimally Invasive Surgical Instrument Market Share (%) Analysis, By Region, 2017
Source: Coherent Market Insights Analysis (2018)
Minimally Invasive Surgical Instrument Market - Competitive Landscape
Key players operating in the global minimally invasive surgical instrument market include Medtronic Plc, Ethicon Inc., Aesculap Inc., Stryker Corporation, B. Braun Melsungen Ag and Smith & Nephew Plc. Other players in this market include ConMed Corporation, Abbott Laboratories, Applied Biomedical Resources Corporation, Boston Scientific Corporation, Microline Surgical, Alcon Laboratories Inc., and Zimmer Biomet Holdings Inc.
Minimally invasive surgical instruments are thriving in surgical instrument market for decades, owing to advance technology, substantial benefits over conventional techniques for a number of surgical interventions. This rapid growth has been possible due to significant developments in medical technology, which partly solved some of the technical and clinical challenges associated with minimally invasive surgical techniques. Minimally Invasive Surgery (MIS) is performed without making a major incision, patients experience less trauma, shorter hospital stays, and quick recovery time. Conditions such as lungs tumors, cancer, emphysema, repair of heart valve, atrial fibrillation (AFib), gall bladder stones, kidney stones, kidney cysts, endometriosis, ovarian cysts, liver cancer, colon or rectal cancer, pancreatic cancer, gastro esophageal reflux disease (GERD) and etc., can be treated with minimally invasive surgeries.
Market Dynamics
Minimally invasive surgical instrument market size is expected to witness significant growth owing to increasing number of diseases, which can be treated with minimally invasive surgeries such as cancer and heart diseases. Minimally invasive surgical instruments are widely used for removal of cancerous tumors from brain, stomach, kidney, ovary, prostate, pancreas, etc. According to the National Cancer Institute (NCI) in 2016, there were an estimated 16.8 million people suffering cancer in the U.S., and around 595,690 deaths occurred from the disease. Moreover, the number of people suffering from cancer is expected to reach to 19 million by 2024.
However, the risks and complications associated with minimally invasive instruments such as punctures, perforations, surgical site infection, and anaesthesia problems hinder the minimally invasive surgical instrument market growth. According to International Journal of Clinical Anaesthesiology 2014 studies, Intestinal perforation and bleeding is most common complication of minimally invasive surgery. Overall prevalence of complications in laparoscopy is less ranges from 0.3% to 0.5%.
Key features of the study:
- This report provides in-depth analysis of the minimally invasive surgical instrument market, market size (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the forecast period: 2018 – 2026, considering 2017, as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players.
- It profiles key players in the global minimally invasive surgical instrument market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
- Key players covered as a part of this study include Medtronic Plc., Ethicon Inc., Aesculapius Inc., Stryker Corporation, B. Braun Melsungen Ag and Smith & Nephew Plc. Other players in this market are ConMed Corporation, Abbott Laboratories, Applied Biomedical Resources Corporation, Boston Scientific Corporation, Microline Surgical, Alcon Laboratories Inc., and Zimmer Biomet Holdings Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
- The global minimally invasive surgical instrument market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for minimally invasive surgical instrument market, research and consulting firms, new entrants, and financial analysts
Detailed Segmentation:
- Global Minimally Invasive Surgical Instrument Market, By Product Type:
- Handheld Instruments
- Electrosurgical Instruments
- Guiding Devices
- Inflation Systems
- Monitoring and Visualization Devices
- Global Minimally Invasive Surgical Instrument Market, By Application:
- Cosmetic Surgery
- Urology
- Gynecology
- Ophthalmology
- Gastrointestinal Surgery
- Cardiovascular Surgery
- Respiratory Surgery
- Others
- Global Minimally Invasive Surgical Instrument Market, By End User:
-
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Global Minimally Invasive Surgical Instrument Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Product Type:
-
-
-
- Handheld Instruments
- Electrosurgical Instruments
- Guiding Devices
- Inflation Systems
- Monitoring and Visualization Devices
-
-
-
-
- By Application:
- Cosmetic Surgery
- Urology
- Gynecology
- Ophthalmology
- Gastrointestinal Surgery
- Cardiovascular Surgery
- Respiratory Surgery
- Others
- By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- By Application:
-
- Europe
- By Country:
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
-
-
- By Product Type:
-
-
-
-
- Handheld Instruments
- Electrosurgical Instruments
- Guiding Devices
- Inflation Systems
- Monitoring and Visualization Devices
-
-
-
-
- By Application:
- Cosmetic Surgery
- Urology
- Gynecology
- Ophthalmology
- Gastrointestinal Surgery
- Cardiovascular Surgery
- Respiratory Surgery
- Others
- By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- By Application:
-
- Asia Pacific
- By Country:
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- By Product Type:
- Handheld Instruments
- Electrosurgical Instruments
- Guiding Devices
- Inflation Systems
- Monitoring and Visualization Devices
- By Application:
- Cosmetic Surgery
- Urology
- Gynecology
- Ophthalmology
- Gastrointestinal Surgery
- Cardiovascular Surgery
- Respiratory Surgery
- Others
- By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Clinics
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Product Type
- Handheld Instruments
- Electrosurgical Instruments
- Guiding Devices
- Inflation Systems
- Monitoring and Visualization Devices
- By Application:
- Cosmetic Surgery
- Urology
- Gynecology
- Ophthalmology
- Gastrointestinal Surgery
- Cardiovascular Surgery
- Respiratory Surgery
- Others
- By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Clinics
- Africa
- By Country:
- South Africa
- Central Africa
- North Africa
- By Product Type:
- Handheld Instruments
- Electrosurgical Instruments
- Guiding Devices
- Inflation Systems
- Monitoring and Visualization Devices
- By Application:
- Cosmetic Surgery
- Urology
- Gynecology
- Ophthalmology
- Gastrointestinal Surgery
- Cardiovascular Surgery
- Respiratory Surgery
- Others
- By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Company Profiles
- Medtronic Plc.
-
-
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Ethicon Inc.
- Aesculap Inc.
- Stryker Corporation
- Braun Melsungen Ag
- Smith & Nephew Plc.
- ConMed Corporation
- Abbott Laboratories
- Applied Biomedical Resources Corporation
- Boston Scientific Corporation
- Microline Surgical
- Alcon Laboratories Inc.
- Zimmer Biomet Holdings Inc.
-
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Landscape
- Product Recall
- PEST Analysis
- Porter’s Five Forces model
- Market Dynamics
- Global Minimally Invasive Surgical Instrument Market, By Product Type, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Handheld Instruments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Electrosurgical instruments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Guiding Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Inflation Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Monitoring and Visualization Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Minimally Invasive Surgical Instrument Market, By Application, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Cosmetic Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Urology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Gynecology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Ophthalmology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Gastrointestinal Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Cardiovascular Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Respiratory Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Other
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Minimally Invasive Surgical Instrument Market, By End User, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Hospital
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Minimally Invasive Surgical Instrument Market, By Region, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, By Region, 2017 – 2026
- Regional Trends
- North America
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- North Africa
- Central Africa
- South Africa
- Middle East
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Introduction
- Competitive Landscape
- Company Profiles
- Medtronic Plc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Ethicon Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Aesculap Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Stryker Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- B. Braun Melsungen Ag
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Smith & Nephew Plc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- ConMed Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Abbott Laboratories
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Applied Biomedical Resources Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Boston Scientific Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Microline Surgical
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Alcon Laboratories Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Zimmer Biomet Holdings Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Medtronic Plc.
- Analyst Views
- Company Profiles
- Section
-
- References
- Research Methodology
- About Us and Sales Contact
-
*Browse 26 market data tables and 24 figures on "Minimally Invasive Surgical Instrument Market” - Global forecast to 2026”
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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