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Minimally-invasive Surgery Devices Market Potential Growth, Share, Demand and Analysis of Key Players- Research Forecasts to 2024

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Minimally-invasive Surgery Devices

Minimally-invasive Surgery Devices Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Minimally-invasive Surgery Devices market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Gastrointestinal Segment, under Application, is expected to be the Fastest Growing Segment over the Forecast Period.

The gastrointestinal segment is expected to be the fastest growing segment, owing to the rising incidence of gastrointestinal diseases in the young, adult, and geriatric groups, worldwide. Dyspepsia, irritable-bowel syndrome, and constipation are some of the examples of gastrointestinal disorders. Gastroesophageal reflux disease is also a prevalent form of the organic gastrointestinal disorder. Minimally-invasive surgery has gained popularity for benign diseases, and has proved its safety and efficacy over traditional methods, owing to which, it has gained substantial attention in the past several years. According to the data published by Centers for Disease Control and Prevention (CDC), there were 32.3 million of visits to physician offices, with diseases of the digestive system as the primary diagnosis in the . With the increase in the government’s continuous effort to improve the health of people, the number of gastrointestinal surgeries is bound to rise, which, in turn, may improve the scope for minimally-invasive devices meant for gastrointestinal surgery.

North America accounted for the Largest Share in the Global Market

North America held a major share for the minimally-invasive surgery devices market, and is expected to show a similar trend over the forecast period, without significant fluctuations. North America is anticipated to dominate the minimally-invasive neurosurgery devices market, globally. The factors attributed to the high growth of the region are the increasing number of neurological disorders and the growing adoption of minimally-invasive surgeries in the region. More than 65 million American citizens suffer from lower back problems, every year. Neurosurgery and skull-based surgery are undergoing a paradigm shift. The physicians are using endoscopic techniques to visualize and excise lesions that were previously addressed through large, open surgeries. The advantages of minimally-invasive surgeries, such as less invasiveness, quick recovery time of patients, and low-cost of treatment, have augmented the demand for minimally-invasive neurosurgery devices in the region. Furthermore, advancements in various surgical devices from established key players, in the , are likely to drive the market growth in North America.

Market Overview:

  • The minimally-invasive surgery devices market is expected to register a CAGR of 8%, over the forecast period. The major factors for the growth of the minimally-invasive surgery devices market include the higher acceptance rate of minimally-invasive surgeries over traditional surgeries, increasing prevalence of lifestyle-related and chronic disorders, and technological advancements.
  • Minimally-invasive surgeries (MIS) cause less post-operative pain, and hence, patients receive smaller dosages of pain killers. As there are minimal cuts or stitches involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to quicker recovery. In addition, the body scars involved in MIS are barely noticeable. The main advantage of MIS over the traditional open surgeries is the higher precision due to video-assisted equipment, which produces a better and magnified image of the organs or body parts being operated. These surgeries are gaining wider acceptance among the geriatric population, due to the relatively shorter recovery time. Few organizations, such as the American Association of Gynecologic Laparoscopists (AAGL) and the International Society of Gynecologic Endoscopy (ISGE), are collaborating with healthcare agencies in South Africa, to create awareness about the benefits of MIS, and improve the adoption rate. Thus, owing to the benefits associated with minimally-invasive surgeries, the adoption rate is increasing, which may increase the overall growth of the market over the forecast period.

    Key Manufacturers Like 

  • Abbott Laboratories
  • GE Healthcare
  • Intuitive Surgical Inc.
  • Koninklijke Philips NV
  • Medtronic PLC
  • Olympus Corporation
  • Siemens Healthineers
  • Smith & Nephew
  • Stryker Corporation
  • Zimmer Biomet.

    Scope of the Report:

  • As per the scope of this report, minimally-invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment, which are used during the minimally-invasive procedure. The minimally-invasive neurosurgery device market is growing at a significant rate, due to various benefits associated with minimally-invasive procedures, such as less recovery time, minimal pain to the patients, shortened hospital stay, and high accuracy. The market is segmented by products, application, and geography.

    Minimally-invasive Surgery Devices market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Minimally-invasive Surgery Devices market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Minimally-invasive Surgery Devices market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Minimally-invasive Surgery Devices market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Minimally-invasive Surgery Devices market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Minimally-invasive Surgery Devices ?
    • Who are Opportunities, Risk and Driving Force of Minimally-invasive Surgery Devices market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Minimally-invasive Surgery Devices space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Minimally-invasive Surgery Devices market opportunities, market risk and market overview of the Market?

    Lastly, the Global Minimally-invasive Surgery Devices Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Minimally-invasive Surgery Devices Market Report:

    • To provide a detailed analysis of the market structure along with the Minimally-invasive Surgery Devices market forecast of various segments and sub-segments of the Minimally-invasive Surgery Devices market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Minimally-invasive Surgery Devices market trends that influence the global Minimally-invasive Surgery Devices market

    Detailed TOC of Minimally-invasive Surgery Devices Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Higher Acceptance Rate of Minimally-invasive Surgeries over Traditional Surgeries
    4.2.2 Increasing Prevalence of Lifestyle-related and Chronic Disorders
    4.2.3 Technological Advancements
    4.3 Market Restraints
    4.3.1 Shortage of Experienced Professionals
    4.3.2 Uncertain Regulatory Framework
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Products
    5.1.1 Handheld Instruments
    5.1.2 Guiding Devices
    5.1.2.1 Guiding Catheters
    5.1.2.2 Guidewires
    5.1.3 Electrosurgical Devices
    5.1.4 Endoscopic Devices
    5.1.5 Laproscopic Devices
    5.1.6 Monitoring and Visualization Devices
    5.1.7 Robotic Assisted Surgical Systems
    5.1.8 Ablation Devices
    5.1.9 Laser Based Devices
    5.1.10 Other MIS Devices
    5.2 By Application
    5.2.1 Aesthetic
    5.2.2 Cardiovascular
    5.2.3 Gastrointestinal
    5.2.4 Gynecological
    5.2.5 Orthopedic
    5.2.6 Urological
    5.2.7 Other Applications
    5.3 Geography
    5.3.1 North America
    5.3.1.1
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott Laboratories
    6.1.2 GE Healthcare
    6.1.3 Intuitive Surgical Inc.
    6.1.4 Koninklijke Philips NV
    6.1.5 Medtronic PLC
    6.1.6 Olympus Corporation
    6.1.7 Siemens Healthineers
    6.1.8 Smith & Nephew
    6.1.9 Stryker Corporation
    6.1.10 Zimmer Biomet

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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