Market Overview:
The global minimally invasive surgical cutting instruments market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for minimally invasive surgeries, technological advancements in surgical instruments, and rising prevalence of chronic diseases. Based on type, the global minimally invasive surgical cutting instruments market is segmented into trocars and other surgical cutting instruments. Trocars are further classified into open trocars and laparoscopic trocars. Laparoscopic trocars are further sub-segmented into disposable laparoscopic trocars and reusable laparoscopic trocars. Other surgical cutting instruments include scissors, knives, clamps, forceps, retractors etc., which are used in various types of surgeries such as general surgery, gynecology surgery etc. Based on application, the global minimally invasive surgical cutting Instruments market is segmented into hospitals (inpatient settings), ambulatory surgery centers (outpatient settings) and clinics (outpatient settings). Hospitals accounted for the majority share of the global minimally invasive surgical Cutting Instruments market in 2017 owing to increasing number of surgeries performed in this setting across all regions globally.
Product Definition:
Minimally invasive surgical cutting instruments are used to make small, precise incisions in the body. This type of surgery is less invasive than traditional surgery and results in less scarring. These instruments are important because they allow surgeons to perform surgeries with minimal damage to the surrounding tissue.
Trocars:
Trocars are small surgical instruments used to create large wounds, which can be either circular or linear. The trocars are placed in the desired location and then a larger instrument is inserted to make incisions. It is mostly used for surgeries involving the abdominal cavity, thorax, and head.
Minimally invasive surgeries involve smaller cuts that heal faster than conventional open surgeries do; this factor has been driving market growth over the past few years.
Other:
Other is a material that can be added to surgical instruments or devices without changing the instrument's basic functionality. Other materials include rubber, sand, water, and oil among others. The most common types of other materials used in surgical procedures are lubricants and adhesives.
Application Insights:
Based on application, the global MIS cutting instruments market is segmented into hospitals, ambulatory surgery centers and clinics and others. The hospital segment dominated the market in 2017 owing to factors such as increasing number of surgeries performed at a time as well as an increase in healthcare expenditure globally. According to WHO, every year around 1.3 million people die from surgical complications which are usually preventable if treated at an early stage.
The other application segment includes medical imaging facilities, dental care providers.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by key players, rising prevalence of chronic diseases requiring surgical interventions, and growing adoption of advanced technologies for minimally invasive surgeries. In addition, favorable reimbursement policies in this region are also expected to drive the regional demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure and rising patient awareness regarding benefits of minimally invasive surgeries coupled with rapidly evolving medical technology. Moreover, increasing government initiatives for quality healthcare delivery is further expected propel regional growth during the forecast period (2018-2030).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgical cutting instruments is expected to grow at a CAGR of 7.5% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which are less traumatic and cause less pain and scarring as compared to traditional open surgery procedures.
- Technological advancements: The development of new technologies in surgical cutting instruments has led to the introduction of advanced products in the market, such as ultrasonic surgical knives and harmonic scalpels. These products offer superior performance and accuracy, thus driving their adoption among surgeons worldwide.
- Rising prevalence of chronic diseases: The incidence of chronic diseases such as cancer, obesity, and cardiovascular disorders is on the rise globally due to changing lifestyles and dietary habits. This has resulted in an increase in the number of surgeries performed annually worldwide, thereby fueling growth prospects for the global minimally invasive surgical cutting instruments market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Minimally Invasive Surgical Cutting Instruments Market Research Report
By Type
Trocars, Other
By Application
Hospitals, Ambulatory Surgery Centers & Clinics
By Companies
Zimmer Biomet, Medtronic, Johnson & Johnson, B. Braun Melsungen, Stryker Corporation, Smith & Nephew, Boston Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Minimally Invasive Surgical Cutting Instruments Market Report Segments:
The global Minimally Invasive Surgical Cutting Instruments market is segmented on the basis of:
Types
Trocars, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgery Centers & Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Zimmer Biomet
- Medtronic
- Johnson & Johnson
- B. Braun Melsungen
- Stryker Corporation
- Smith & Nephew
- Boston Scientific
Highlights of The Minimally Invasive Surgical Cutting Instruments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Trocars
- Other
- By Application:
- Hospitals
- Ambulatory Surgery Centers & Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Minimally Invasive Surgical Cutting Instruments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Minimally invasive surgical cutting instruments are those that use less force to cut tissue than traditional surgical tools. They may be inserted through a small incision, or they may use lasers or other energy sources to cut without creating an open wound.
Some of the major companies in the minimally invasive surgical cutting instruments market are Zimmer Biomet, Medtronic, Johnson & Johnson, B. Braun Melsungen, Stryker Corporation, Smith & Nephew, Boston Scientific.
The minimally invasive surgical cutting instruments market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Minimally Invasive Surgical Cutting Instruments Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Minimally Invasive Surgical Cutting Instruments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Minimally Invasive Surgical Cutting Instruments Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Minimally Invasive Surgical Cutting Instruments Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Minimally Invasive Surgical Cutting Instruments Market Size & Forecast, 2018-2028
4.5.1 Minimally Invasive Surgical Cutting Instruments Market Size and Y-o-Y Growth
4.5.2 Minimally Invasive Surgical Cutting Instruments Market Absolute $ Opportunity
Chapter 5 Global Minimally Invasive Surgical Cutting Instruments Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Type
5.2.1 Trocars
5.2.2 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Minimally Invasive Surgical Cutting Instruments Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgery Centers & Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Minimally Invasive Surgical Cutting Instruments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Minimally Invasive Surgical Cutting Instruments Analysis and Forecast
9.1 Introduction
9.2 North America Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Type
9.6.1 Trocars
9.6.2 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgery Centers & Clinics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Minimally Invasive Surgical Cutting Instruments Analysis and Forecast
10.1 Introduction
10.2 Europe Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Type
10.6.1 Trocars
10.6.2 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgery Centers & Clinics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Minimally Invasive Surgical Cutting Instruments Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Type
11.6.1 Trocars
11.6.2 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgery Centers & Clinics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Minimally Invasive Surgical Cutting Instruments Analysis and Forecast
12.1 Introduction
12.2 Latin America Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Type
12.6.1 Trocars
12.6.2 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgery Centers & Clinics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Minimally Invasive Surgical Cutting Instruments Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Type
13.6.1 Trocars
13.6.2 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Minimally Invasive Surgical Cutting Instruments Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgery Centers & Clinics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Minimally Invasive Surgical Cutting Instruments Market: Competitive Dashboard
14.2 Global Minimally Invasive Surgical Cutting Instruments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zimmer Biomet
14.3.2 Medtronic
14.3.3 Johnson & Johnson
14.3.4 B. Braun Melsungen
14.3.5 Stryker Corporation
14.3.6 Smith & Nephew
14.3.7 Boston Scientific
