- Global market size & Growth factors.
- Leading players and Business Strategies.
- Top Segments of the market.
Market growth influenced due to following factors-
- Advantages of minimally invasive surgeries over traditional open surgeries.
- Increasing number of minimally invasive surgical procedures performed across the globe.
- Growing number of coronary and percutaneous cardiology interventions.
Global market size-
According to research report the global minimally invasive surgical instruments market is expected to grow from USD 20.1 billion in 2019 to USD 32.7 billion by 2025, at a CAGR of 8.5% during the forecast period.
Leading players & Strategies –
The major players in the Minimally Invasive Surgical instruments market include Medtronic plc (Ireland), Johnson & Johnson (US), Stryker Corporation (US), B. Braun Melsungen AG (Germany), Smith & Nephew plc (US), Boston Scientific Corporation (US), and CONMED Corporation (US). These players have adopted various growth strategies such as product launches, acquisitions, agreements, partnerships & collaborations, and expansions to increase their presence in the global Minimally Invasive Surgical instruments market.Medtronic (Ireland) dominated the global MIS instruments market in 2018. The company focuses on product commercialization and R&D activities to maintain its leading position in the market. The key products offered by the company include handheld instruments such as surgical stapling devices, retractors, dissectors, trocars, vessel-sealing instruments, hernia mechanical devices, and electrosurgical instruments.Johnson & Johnson (US) held the second position in the market in 2018. The company operates in the Minimally Invasive Surgical instruments market through its subsidiaries, Ethicon, Inc. and DePuy Synthes. The company focuses on various organic and inorganic growth strategies to gain a competitive edge in the market. In the past three years, the company has launched various surgical staplers and cutting devices in order to add specific products to its portfolio for spine surgeries.
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Top Segment –
•Based on type of surgery, the global MIS instruments market is divided into cardiothoracic surgery, gastrointestinal surgery, orthopedic surgery, gynecological surgery, cosmetic & bariatric surgery, urological surgery, and other surgeries. The cardiothoracic surgery segment accounted for the largest share of the global MIS instruments market in 2018.
•Based on end user, the global MIS instruments market is divided into hospitals and ambulatory surgery centers & clinics. The hospitals segment accounted for the largest share of the MIS instruments market in 2018 due to the large number of minimally invasive surgical procedures performed in hospitals owing to the presence of highly skilled healthcare professionals.
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