Global Minimal Invasive Surgery Market 2015-2019
About minimal invasive surgery
Minimal invasive surgery is a procedure performed through tiny incisions and advanced equipment, which is intended to reduce the damage to human tissues. This is a complex surgical procedure used for the treatment of conditions such as CVDs and bone, gastrointestinal, and spinal disorders. Benefits of minimal invasive surgery include quick recovery, shorter hospital stay, less pain, and less scarring to patients.
Technavio's analysts forecast the global minimal invasive surgery market to grow at a CAGR of 9.63% over the period 2014-2019.
Covered in this report
In this report, Technavio covers the present scenario and growth prospects of the global minimal invasive surgery market for 2015-2019. To calculate the market size, Technavio uses the revenue generated from the sales of the following products: surgical devices, laparoscopy devices, and monitoring and visualization devices.
Technnavio's report, Global Minimal Invasive Surgery Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key regions
Technavio Announces the Publication of its Research Report – Global Minimal Invasive Surgery Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Minimal Invasive Surgery Market: Boston Scientific, GE Healthcare, Johnson & Johnson, Medtronic, Olympus and Stryker
The other prominent vendors are: Arthrex, B. Braun, Bauer Medical, Biomet, Check-Cap, Cook Medical, Omniguide Surgical, Orthofix Holdings, Pentax, Philips Healthcare, RF System, Smith & Nephew, TransEnterix, Virtual Ports and Zimmer
Commenting on the report, an analyst from Technavio’s team said: “The evolution of minimally invasive surgical techniques such as LESS, NOTES, adrenal surgery, TURP, and HIFU has dramatically changed and replaced the traditional surgical procedures. For instance, LESS surgery is performed through a single 3-4 cm incision, through which laparoscopic instruments are introduced. This may be considered as the next step in the evolution of advanced scarless laparoscopic surgery. Minimally invasive surgical techniques are gaining wide acceptance as the gold standard method among surgeons in performing operations due to greater precision, lesser risk of bleeding, ergonomic features, and excellent control in performing complex surgeries. They also minimize surgical aggression and comorbidities during a postoperative procedure and assure a better quality of pre- and postoperative care for patients.”
According to the report, over the years, minimal invasive surgeries have gained popularity. Cardiac surgery is one of the largest segments, for which the market witnessed the maximum number of minimal invasive surgeries. Minimally invasive techniques are increasingly being used for cardiac arrhythmias, dermatological conditions, malignant tumors that include tumors in the kidneys, lungs, liver, and the musculoskeletal system, and spinal disorders. These techniques are also used in treating critical conditions of patients with other comorbidities and in inoperable patients, for whom conventional surgeries are not feasible. Also, the application of minimally invasive techniques reduces the risk of infection, shortens the hospital stay, assists in a faster recovery, and results in lesser pain compared to traditional open surgeries. Procedures such as surgical arthroscopy, robotic-assisted hysterectomies, minimally invasive aortic valve surgeries, and endoscopic robotic cardiac surgery have allowed surgeons to overcome major complications of traditional open surgeries.
Further, the report states that the high cost of equipment is a major factor hindering market growth.
Boston Scientific, GE Healthcare, Johnson & Johnson, Medtronic, Olympus, Stryker, Arthrex, B. Braun, Bauer Medical, Biomet, Check-Cap, Cook Medical, Omniguide Surgical, Orthofix Holdings, Pentax, Philips Healthcare, RF System, Smith & Nephew, TransEnterix, Virtual Ports, Zimmer