The global minimally invasive surgical
instruments market size is expected to reach USD 42.2 billion by 2026
progressing at a CAGR of 9.85% over the forecast. The preference for minimally invasive
surgical (MIS) procedures is rising as they are less traumatic than traditional
open surgeries and they facilitate faster recover process. Patients can resume
their daily activities in shorter time after minimally invasive procedures.
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According to a research article
published in the medical journal, JAMA Surgery, in March 2015, the use of
minimally invasive surgeries for routine operations of colon, lungs, and
appendix can result in reduction of postoperative complications, thereby saving
nearly USD 280 million to USD 340 million per year. Investments in minimally
invasive surgical instruments are gradually rising in hospitals, thereby
driving the market.
In addition, the costs involved in MIS
procedures are significantly less than in-patient and conventional open
surgeries. Therefore, MIS procedures prove to be beneficial for patients as
well as payers. The benefits of minimally invasive surgical instruments in
various areas of orthopedics have contributed to the growing demand for less
traumatic alternatives with minimum tissue disruption of bones.
Further
Key Findings from the Report Suggest:
• Minimal invasive technologies are
designed to cause less trauma than traditional open surgeries, reduced blood
loss, minimal scarring, and low chances of infection
• Handheld instruments dominated the
device segment in terms of revenue share in 2018. On the other hand,
electrosurgical devices are expected to witness the fastest growth rate during
the forecast period.
• Orthopedic segment dominated the
application segment in terms of revenue share in 2018. Minimally invasive
surgical procedures in various areas of orthopedics offer alternatives with
minimum tissue disruption.
• Continuous adoption of minimally
invasive surgical techniques for spine related procedures has led to the
expansion of procedural volumes for orthopedic MIS
• Hospital segment held a majority of
the end use segment share in 2018. On the other hand, ambulatory surgically
centers are likely to experience fastest growth in the coming years.
• Ambulatory surgical centers offer same
day surgery and discharge at lower costs. At present, over 5,500 Medicare
certified ambulatory care centers are present in the U.S.
• North America held majority of the MIS
instruments market share in 2018 due to the presence of supportive
reimbursement framework for innovative MIS devices and procedures
• Medtronic, Abbott, NuVasive, Inc.,
CONMED, Stryker, Smith & Nephew, Zimmer Biomet, and Intuitive Surgical,
Inc. are some of the key players operating in this market
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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