The minimally invasive surgical instruments market is a rapidly growing market that involves the use of advanced surgical instruments and techniques to perform surgical procedures with minimal incisions. Minimally invasive surgery (MIS) is becoming increasingly popular due to its advantages over traditional surgery, including reduced pain, shorter hospital stays, and faster recovery times. The market for minimally invasive surgical instruments is expanding due to the increasing demand for minimally invasive procedures and the growing prevalence of chronic diseases.
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One of the key drivers of the minimally invasive surgical instruments market is the increasing demand for minimally invasive procedures. Minimally invasive surgery is becoming increasingly popular as patients seek less invasive options for surgical procedures. MIS procedures are often performed with smaller incisions and result in less pain and scarring, shorter hospital stays, and faster recovery times, which are attractive to both patients and healthcare providers.
Companies
- Medtronic PLC
- Aesculap, Inc.
- B. Braun Melsungen Ag
- Stryker Corporation
- Smith & Nephew PLC
- Abbott Laboratories
- Boston Scientific Corporation
- Conmed Corporation
- Microline Surgicals, Inc.
- Zimmer Biomet Holdings, Inc.
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Another factor driving the minimally invasive surgical instruments market is the growing prevalence of chronic diseases. Chronic diseases, such as diabetes, heart disease, and cancer, are becoming more prevalent worldwide, driving the need for minimally invasive procedures to treat these conditions. Minimally invasive procedures allow for faster recovery times, which is particularly important for patients with chronic diseases who may need multiple procedures over time.
The minimally invasive surgical instruments market is highly competitive, with a large number of players operating in the market. Some of the key players in the market include Medtronic, Stryker Corporation, Johnson & Johnson, Zimmer Biomet, and B. Braun Melsungen AG, among others. These companies are investing heavily in research and development to develop new and innovative surgical instruments and techniques to meet the growing demand.
One of the challenges facing the minimally invasive surgical instruments market is the high cost of equipment and training. MIS procedures require specialized instruments and equipment, which can be expensive to acquire and maintain. In addition, healthcare providers need specialized training to perform MIS procedures, which can also be costly. However, advances in technology and training programs are helping to overcome these challenges.
Hospitals End User Segment to Exhibit a CAGR of More Than 7% During the Assessment Period
According to the assessment of Persistence Market Research, the hospitals end user segment is poised to touch a figure of about US$ 13,700 Mn in the year 2022. This signifies a CAGR of more than 7% during the assessment period from 2017 till the year 2022.
The hospitals end user segment is estimated to account for nearly three-fourths of the revenue share of the end user segment by the end of the year 2017 and is projected to gain market share by 2022 over 2017.
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Market Segmentation
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