Europe Minimally Invasive Devices Market Forecast 2017-2025
KEY FINDINGS The Europe minimally invasive devices market is estimated to collect a revenue of $3739.56 million in 2017. The market is expected to grow at a CAGR of 7.8% during the forecast period of 2017-2025 and generate $6806.83 million by 2025. The innovative advances in technology, increasing number of physician-owned ASCS, the rising popularity of minimally invasive procedures and the growing number of spinal disorders are some of the important drivers for the European market.
MARKET INSIGHTS The introduction of Medicare’s new payment model along with the development of robot-guided spine surgeries are some of the popular trends currently observed in this market. Due to the developments in the R&D of surgical robotics, the increased demand for minimally invasive processes in bariatric surgeries is providing the market with excellent growth opportunities. The minimally invasive market is segmented on the basis of application, equipment type, and end user. The various applications are in the medical areas like cosmetic, cardiothoracic, gastrointestinal, orthopedic, gynecological, vascular, urological and thoracic. The Cardiothoracic application is expected to dominate market during the forecast period. The various equipment type includes surgical devices, monitoring/visualization devices, endosurgical instruments, electrosurgical and auxiliary equipment and robotics/computer-assisted devices. Of these, the surgical devices are expected to lead the equipment type market in the coming years. The end-users for the market involve hospitals, stand-alone outpatient surgery centers, individual physicians/surgeons, and various medical education organizations.
COMPETITIVE INSIGHTS Some of the major companies involved in the Europe minimally invasive market are Integrated Endoscopy Inc, Intuitive Surgical, Olympus Optical Co. Ltd., Inc., Medtronic Inc., Philips Healthcare, Stryker Corp, Toshiba Medical System, Smith & Nephew Plc, Ethicon Inc, Zimmer Biomet Holdings Inc, , Boston Scientific, C. R. Bard, Inc., Abbot Laboratories, Cooper Surgical Inc., Conmed Corp, , Hill-Rom Holdings, Inc., Hitachi High- Technologies Corporation, Getinge AB and Hologic, Inc.