Market Overview:
The global minimally invasive surgical devices market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries due to their benefits over traditional open surgeries. In addition, the increasing prevalence of chronic diseases and rising geriatric population are also contributing to the growth of this market. Based on type, the global minimally invasive surgical devices market is segmented into electrocoagulation scissors, claw, and minimally invasive needle clamp. The electrocoagulation scissors segment is expected to grow at a CAGR of 8% during the forecast period from 2018 to 2030. This growth can be attributed to its growing use in various applications such as cardiology, orthopedics, ophthalmology, plastic surgery, and others. Based on application, the global minimally invasive surgical devices market is segmented into in-vitro diagnosis; cardiology; orthopedics; ophthalmology; plastic surgery; and others which include urology & nephrology and gastroenterology & hepatology among others).
Product Definition:
A minimally invasive surgical device is a tool used in surgery that is inserted through a small incision. These devices are often used to perform procedures such as laparoscopy or arthroscopy. The importance of these devices lies in the fact that they cause less tissue damage and result in less pain and scarring than traditional surgical methods.
Electrocoagulation Scissors:
Electrocoagulation scissors is a device used for the treatment of bleeding esophageal, gastric and duodenal ulcers. It works by applying an electric current to the tissues which causes coagulation of blood cells. The process takes place in two steps: firstly, identification of damaged areas in stomach lining is done with special cameras; then these areas are scraped off with special devices called electrosurgical units.
Claw:
Claw is a tool that is used to grip and extract tissue or organs during laparoscopic surgeries. It's usage in minimally invasive surgical devices market can be segmented into two types: stationary and portable. The most common form of stationary Claw unit consists of two metal blades attached by a flexible plastic tube, which can grip tissues or organs with the help of suction.
Application Insights:
In-vitro diagnostics held the largest share of over 30.0% in 2017. Minimally invasive techniques are being increasingly used for diagnosis of diseases in-vitro owing to their ease and convenience, as well as to reduce costs and minimize wastage. The application segment is expected to witness significant growth during the forecast period due to increasing demand for faster, accurate, less costly and minimally invasive diagnostic procedures across various disease categories such as cardiology, orthopedics & trauma surgery, ophthalmology & plastic surgery.
Minimally invasive surgeries have become popular because they offer benefits such as precise surgical aiming; reduced risk of blood loss; minimal pain; reduced anxiety; shorter recovery time required which enables patients return back home more quickly than before.
The others segment includes general surgeries that employ a combination of open.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing government initiatives, rising prevalence of chronic diseases, and high adoption rate of technologically advanced medical devices.
Asia Pacific is expected to grow at a lucrative CAGR over the forecast period owing to factors such as improving healthcare infrastructure and growing patient awareness regarding benefits of minimally invasive procedures like electrocoagulation scissors procedure or laparoscopic surgery for various surgical conditions.
Growth Factors:
- Increasing demand for minimally invasive surgical procedures: The global market for minimally invasive surgical devices is expected to grow at a CAGR of 7.5% from 2016 to 2021. This growth can be attributed to the increasing demand for minimally invasive surgical procedures due to their benefits over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times.
- Technological advancements: The development of new technologies has led to the introduction of innovative products in the market, which is driving the growth of the minimally invasive surgical devices market. For instance, in 2015 Covidien launched its LigaSure vessel sealing technology that offers surgeons a fast and efficient way to seal vessels during surgery without using clips or staples.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer and obesity is increasing globally, which is leading to an increase in the number of surgeries performed each year. This is fueling demand for minimally invasive surgical devices as they are less traumatic than traditional open surgery and offer quicker recovery times.
Scope Of The Report
Report Attributes
Report Details
Report Title
Minimally Invasive Surgical Devices Market Research Report
By Type
Electrocoagulation Scissors, Claw, Minimally Invasive Needle Clamp, Others
By Application
In-vitro Diagnosis, Cardiology, Orthopedics, Ophthalmology, Plastic Surgery, Others
By Companies
GE Healthcare, Siemens Healthcare, Philips Healthcare, Medtronic, Stryker, Zimmer Biomet, Abbott, Johnson & Johnson, Smith & Nephew, Boston Scientific, GE Healthcare
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Minimally Invasive Surgical Devices Market Report Segments:
The global Minimally Invasive Surgical Devices market is segmented on the basis of:
Types
Electrocoagulation Scissors, Claw, Minimally Invasive Needle Clamp, Others
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
In-vitro Diagnosis, Cardiology, Orthopedics, Ophthalmology, Plastic Surgery, Others
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:
- GE Healthcare
- Siemens Healthcare
- Philips Healthcare
- Medtronic
- Stryker
- Zimmer Biomet
- Abbott
- Johnson & Johnson
- Smith & Nephew
- Boston Scientific
- GE Healthcare
Highlights of The Minimally Invasive Surgical Devices 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:
- Electrocoagulation Scissors
- Claw
- Minimally Invasive Needle Clamp
- Others
- By Application:
- In-vitro Diagnosis
- Cardiology
- Orthopedics
- Ophthalmology
- Plastic Surgery
- Others
- 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 Devices 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.
How you may use our products:
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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 devices are medical instruments that are inserted through a small incision, rather than a large one. This makes the surgery less traumatic and allows for quicker healing.
Some of the major companies in the minimally invasive surgical devices market are GE Healthcare, Siemens Healthcare, Philips Healthcare, Medtronic, Stryker, Zimmer Biomet, Abbott, Johnson & Johnson, Smith & Nephew, Boston Scientific, GE Healthcare.
The minimally invasive surgical devices market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Minimally Invasive Surgical Devices 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 Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Minimally Invasive Surgical Devices 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 Devices 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 Devices Market Size & Forecast, 2020-2028
4.5.1 Minimally Invasive Surgical Devices Market Size and Y-o-Y Growth
4.5.2 Minimally Invasive Surgical Devices Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Electrocoagulation Scissors
5.2.2 Claw
5.2.3 Minimally Invasive Needle Clamp
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 In-vitro Diagnosis
6.2.2 Cardiology
6.2.3 Orthopedics
6.2.4 Ophthalmology
6.2.5 Plastic Surgery
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Minimally Invasive Surgical Devices 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 Devices 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Electrocoagulation Scissors
9.6.2 Claw
9.6.3 Minimally Invasive Needle Clamp
9.6.4 Others
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 Market Size Forecast by Applications
9.10.1 In-vitro Diagnosis
9.10.2 Cardiology
9.10.3 Orthopedics
9.10.4 Ophthalmology
9.10.5 Plastic Surgery
9.10.6 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Electrocoagulation Scissors
10.6.2 Claw
10.6.3 Minimally Invasive Needle Clamp
10.6.4 Others
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 Market Size Forecast by Applications
10.10.1 In-vitro Diagnosis
10.10.2 Cardiology
10.10.3 Orthopedics
10.10.4 Ophthalmology
10.10.5 Plastic Surgery
10.10.6 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Electrocoagulation Scissors
11.6.2 Claw
11.6.3 Minimally Invasive Needle Clamp
11.6.4 Others
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 Market Size Forecast by Applications
11.10.1 In-vitro Diagnosis
11.10.2 Cardiology
11.10.3 Orthopedics
11.10.4 Ophthalmology
11.10.5 Plastic Surgery
11.10.6 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Electrocoagulation Scissors
12.6.2 Claw
12.6.3 Minimally Invasive Needle Clamp
12.6.4 Others
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 Market Size Forecast by Applications
12.10.1 In-vitro Diagnosis
12.10.2 Cardiology
12.10.3 Orthopedics
12.10.4 Ophthalmology
12.10.5 Plastic Surgery
12.10.6 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Electrocoagulation Scissors
13.6.2 Claw
13.6.3 Minimally Invasive Needle Clamp
13.6.4 Others
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) Market Size Forecast by Applications
13.10.1 In-vitro Diagnosis
13.10.2 Cardiology
13.10.3 Orthopedics
13.10.4 Ophthalmology
13.10.5 Plastic Surgery
13.10.6 Others
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 Devices Market: Competitive Dashboard
14.2 Global Minimally Invasive Surgical Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Siemens Healthcare
14.3.3 Philips Healthcare
14.3.4 Medtronic
14.3.5 Stryker
14.3.6 Zimmer Biomet
14.3.7 Abbott
14.3.8 Johnson & Johnson
14.3.9 Smith & Nephew
14.3.10 Boston Scientific
14.3.11 GE Healthcare
