Minimally invasive surgical instruments are used to perform surgeries that are less traumatic than traditional/conventional open surgeries and aid in carrying out a surgery through the smallest damage possible to limit the wound during the surgical procedure. MIS is performed without making a major incision, patients experience less trauma, have shorter stays at the hospital, less chances of wound infection, reduction in operational costs and speedy recovery. On the other hand surgeries performed with conventional laparoscopic instruments can be traumatic & complex and hence MIS is practiced. Various devices used during minimally invasive surgeries for viewing the organ/area damaged are miniature video cameras, fiber optic cables, special surgical instruments & various other specialized devices these are inserted into the body through small openings on the surface of the body and the image of the interior body is transmitted on to an external video monitor so the surgeon has possibilities of making the diagnosis, identifying internal features & performing the surgery without any disturbances and is hassle free. Some of the MIS instruments used are: stents, dilators, rasps, trocars, balloons, forceps & spatulas and many more.
Minimally Invasive Surgical Instruments Market: Key Players
The research study includes profiles of leading companies operating in the global Minimally Invasive Surgical Instruments market. Key players profiled in the report include: Medtronic PLC, Ethicon, Inc., B. Braun Melsungen Ag, Smith & Nephew PLC, Stryker Corporation, Abbott Laboratories, Conmed Corporation, Applied Medical Resources Corporation, Hoya Corporation, NuVasive, Inc., Intuitive Surgical, Inc. and Zimmer Biomet Holdings, Inc.
Drivers for the Global Minimally Invasive Surgical Instruments Market:
Rising demand of minimally invasive surgical instruments due to upsurge in the geriatric/elderly population, increase in the number of surgeries performed through MIS instruments due to its effectiveness & less complexity, advantages of minimally invasive surgeries over traditional open surgeries, advancements in new technologies for medical treatment/procedures and increase in the number of cosmetic surgeries with less time for healing & lengthy procedures are made short. Hence these factors are the major drivers of the market and are owing to increase the growth and disposable income of the industry.
Opportunities for the Global Minimally Invasive Surgical Instruments Market:
Moreover, advancements in technological innovations for minimally invasive surgery, increased medical tourism in the developing countries, rise in the number of MIS instrument equipment hospitals globally and increasing number of health conditions & accidents. Hence these factors are providing opportunities for the future growth of the market.
Restrains for the Global Minimally Invasive Surgical Instruments Market:
However, Compensation challenges in the medical device industry, indefinite governing framework for the medical device industry, doubts regarding the quality of the surgeries being performed through this method and the sterilization procedures are improper. Hence these factors can hamper the growth of minimally invasive surgical instruments market.
Region Wise, Global Minimally Invasive Surgical Instruments Market Analysis:
North America held major share in the market due to investment in new technology, general economic conditions, high rate of unintended injuries, large geriatric population and increase in the economy. Besides Asia-Pacific and Europe held a large share in the market.
Global Minimally Invasive Surgical Instruments Market: Product analysis
- Handheld Instruments
- Inflation Devices
- Cutter Instruments
- Guiding Devices
- Electrosurgical Devices
- Auxiliary Devices
- Monitoring & Visualization Devices
Global Minimally Invasive Surgical Instruments Market: Application analysis
- Cardiovascular Surgery
- Gastrointestinal Surgery
- Orthopedic Surgery
- Gynecological Surgery
- Cosmetic Surgery
- Urological Surgery
- Dental Surgery
Global Minimally Invasive Surgical Instruments Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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