Market Overview:
The global minimally invasive surgical guiding 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, technological advancements in surgical guiding devices, and rising number of ambulatory surgery centers (ASCs) and hospitals. Based on type, the global minimally invasive surgical guiding devices market is segmented into guiding catheters and guidewires. The guidewires segment is expected to grow at a higher CAGR than the guiding catheters segment during the forecast period from 2018 to 2030. This can be attributed to the increasing demand for guidewires for use in percutaneous coronary interventions (PCIs) and other complex procedures. Based on application, the global minimally invasive surgical guiding devices market is divided into hospitals, ASCs, and clinics. The hospitals segment dominates this market owing to increased preference for hospital-based surgeries over outpatient surgeries among patients as well as surgeons worldwide.
Product Definition:
A minimally invasive surgical guiding device is a medical tool that assists surgeons during minimally invasive surgery. These devices help to ensure accuracy and precision during surgery, which can lead to improved patient outcomes.
Guiding catheters:
A guiding catheter is a thin, hollow tube that is inserted into the blood vessels of the brain during an invasive procedure. It helps in maintaining a steady position of surgical instruments while performing neurosurgeries. Guiding catheters are used in minimally invasive surgeries as they help to keep the surgical site stable and oriented toward desired direction.
The global Minimally Invasive Surgical (MIS) devices market size was valued at USD 6,750 million in 2016.
Guidewires:
A guidewires is a thin, hollow tube used for viewing and manipulating surgical instruments during minimally invasive surgeries. The device has several uses in various surgical procedures but the most common usage of guidewires is to assist in accessing blood vessels during surgery. It also helps view & access other body parts such as uvula, tonsils, and back of throat along with the nose & mouth.
Minimally invasive surgeries are gaining popularity due to reduced scarring.
Application Insights:
Based on application, the global MIS 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 being performed by surgeons who use this technique along with growing adoption of minimally invasive procedures across hospitals globally. Minimally invasive surgeries involve a smaller incision compared to traditional open surgeries which leads to less postoperative pain, reduced blood loss and shorter recovery time. These advantages are likely to boost demand for MIS devices in hospital-based settings worldwide over the forecast period.
The clinics/ambulatory surgery centers segment is expected register significant growth over the forecast period due largely to an increase in adoption of these devices by surgeons working at outpatient surgical facilities or ASCs as they are commonly known. In addition, rising awareness about benefits associated with these devices coupled with favorable government regulations that favor their usage is anticipated drive growth for this segment over the coming years.
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing prevalence of cardiovascular diseases, neurological disorders, and cancer. The presence of sophisticated healthcare infrastructure and high adoption rate for advanced minimally invasive surgical procedures are some other factors contributing to regional growth.
Asia Pacific is expected to witness lucrative growth over the forecast period due to rising medical tourism in emerging economies such as India & China and growing geriatric population base. In addition, improving healthcare infrastructure is also anticipated to contribute towards regional demand during the forecast period. Moreover, government initiatives promoting quality medical care at a reasonable cost are expected favorably impact market development during the forecast period ‰â€˜â€˜â€˜â€™ “ ┬—⓬—Å¡¨ (UBS AG).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgical guiding 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 surgeries, which are less traumatic and cause less pain and scarring than traditional open surgery.
- Technological advancements: The development of new technologies has led to the introduction of innovative products in the market, such as 3D-printed surgical guides and steerable needles. This is likely to boost the growth of the global minimally invasive surgical guiding devices market in the coming years.
- Rising geriatric population: The number of elderly people is increasing rapidly across the world, leading to an increase in age-related diseases such as cancer, Alzheimer’s disease, and arthritis that require surgery for treatment. This is expected to drive demand for minimally invasive surgical guiding devices in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Minimally Invasive Surgical Guiding Devices Market Research Report
By Type
Guiding catheters, Guidewires
By Application
Hospitals, Ambulatory Surgery Centers & Clinics
By Companies
Medtronic, Johnson & Johnson, B. Braun Melsungen, Smith & Nephew, CONMED Corporation, Zimmer Biomet Holdings, Applied Medical Resources, Surgical Innovations
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Minimally Invasive Surgical Guiding Devices Market Report Segments:
The global Minimally Invasive Surgical Guiding Devices market is segmented on the basis of:
Types
Guiding catheters, Guidewires
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:
- Medtronic
- Johnson & Johnson
- B. Braun Melsungen
- Smith & Nephew
- CONMED Corporation
- Zimmer Biomet Holdings
- Applied Medical Resources
- Surgical Innovations
Highlights of The Minimally Invasive Surgical Guiding 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:
- Guiding catheters
- Guidewires
- 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 Guiding 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.
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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 guiding devices (MISGDs) are a type of medical device that help surgeons navigate through the body during surgery. MISGDs can be inserted into the body through small incisions, and they provide surgeons with real-time feedback about where they are in the body. This information helps them make precise cuts and avoid potential injuries to nearby organs.
Some of the key players operating in the minimally invasive surgical guiding devices market are Medtronic, Johnson & Johnson, B. Braun Melsungen, Smith & Nephew, CONMED Corporation, Zimmer Biomet Holdings, Applied Medical Resources, Surgical Innovations.
The minimally invasive surgical guiding 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 Guiding 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 Guiding Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Minimally Invasive Surgical Guiding 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 Guiding 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 Guiding Devices Market Size & Forecast, 2018-2028
4.5.1 Minimally Invasive Surgical Guiding Devices Market Size and Y-o-Y Growth
4.5.2 Minimally Invasive Surgical Guiding Devices Market Absolute $ Opportunity
Chapter 5 Global Minimally Invasive Surgical Guiding Devices 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 Guiding Devices Market Size Forecast by Type
5.2.1 Guiding catheters
5.2.2 Guidewires
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Minimally Invasive Surgical Guiding Devices 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 Guiding Devices 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 Guiding 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 Guiding 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 Minimally Invasive Surgical Guiding Devices Analysis and Forecast
9.1 Introduction
9.2 North America Minimally Invasive Surgical Guiding Devices 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 Guiding Devices Market Size Forecast by Type
9.6.1 Guiding catheters
9.6.2 Guidewires
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 Guiding Devices 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 Guiding Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Minimally Invasive Surgical Guiding Devices 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 Guiding Devices Market Size Forecast by Type
10.6.1 Guiding catheters
10.6.2 Guidewires
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 Guiding Devices 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 Guiding Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Minimally Invasive Surgical Guiding Devices 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 Guiding Devices Market Size Forecast by Type
11.6.1 Guiding catheters
11.6.2 Guidewires
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 Guiding Devices 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 Guiding Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Minimally Invasive Surgical Guiding Devices 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 Guiding Devices Market Size Forecast by Type
12.6.1 Guiding catheters
12.6.2 Guidewires
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 Guiding Devices 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 Guiding Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Minimally Invasive Surgical Guiding Devices 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 Guiding Devices Market Size Forecast by Type
13.6.1 Guiding catheters
13.6.2 Guidewires
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 Guiding Devices 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 Guiding Devices Market: Competitive Dashboard
14.2 Global Minimally Invasive Surgical Guiding Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Johnson & Johnson
14.3.3 B. Braun Melsungen
14.3.4 Smith & Nephew
14.3.5 CONMED Corporation
14.3.6 Zimmer Biomet Holdings
14.3.7 Applied Medical Resources
14.3.8 Surgical Innovations
