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Minimally Invasive Surgical Instruments Market Trends, Opportunities, Challenges and Risks

Minimally Invasive Surgical Instruments Market by Product (Handheld Instruments, Inflation Devices, Surgical Scopes), Type of Surgery (Cardiothoracic, Gastrointestinal), End-User (Hospitals, Ambulatory Surgery Centers and Clinic) – Global Forecast to 2025

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“The advantages of minimally invasive surgeries over traditional open surgeries and the increasing number of minimally invasive surgical procedures across the globe are expected to drive the overall growth of the MIS instruments market.”

The MIS 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. The major factors driving the growth of this market include the advantages of minimally invasive surgeries over traditional open surgeries and the increasing number of minimally invasive surgical procedures across the globe.

The MIS instruments market comprises major players such as:

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).

Minimally Invasive Surgical Instruments Market analysis provides an examination of various segments that are supposed to witness the quickest development amid the estimated forecast frame. The market study of this report takes into consideration market attractiveness analysis, where each segment is benchmarked based on its market size, growth rate, and general attractiveness. This market research report helps the clients understand the various drivers and restraints impacting the market during the forecast period. Market research reports like this Minimally Invasive Surgical Instruments Market surely helps to reduce business risk and failure. For effectual business growth, companies must adopt market research report service which has become quite vital in this rapidly changing marketplace.

The study includes an in-depth competitive analysis of these key players in the MIS instruments market, along with their company profiles, recent developments, and key market strategies.

“The handheld instruments segment commanded the largest share of the market in 2018.”

On the basis of product, the market is broadly segmented into handheld instruments, inflation devices, surgical scopes, cutting instruments, guiding devices, electrosurgical & electrocautery instruments, and other instruments. The handheld instruments segment accounted for the largest share of the market in 2018.This is largely because of the increasing number of surgical procedures and the development of high-dexterity, low-cost articulating laparoscopic handheld surgical instruments.

“The cardiothoracic surgery segment dominated the market, by type of surgery, in 2018.”

Based on type of surgery, the MIS instruments market is segmented into cardiothoracic surgery, gastrointestinal surgery, orthopedic surgery, gynecological surgery, cosmetic & bariatric surgery, urological surgery, and other surgeries. The cardiothoracic surgery segment dominated the market in 2018, due to the rising prevalence of cardiac diseases, growing awareness about the benefits of early detection of cardiovascular complications, the growing number of coronary and percutaneous cardiology interventions, and increasing adoption of MIS instruments owing to their convenience and better results as compared to other techniques.

“The hospitals segment commanded the largest share of the MIS instruments market in 2018.”

Based on end user, the MIS instruments market has been categorized into hospitals and ambulatory surgery centers & clinics. The hospitals segment commanded the largest share of the market in 2018. The large number of minimally invasive surgical procedures performed in hospitals due to the presence of highly skilled healthcare professionals is a major factor driving market growth.

“The Asia Pacific region to register the highest growth in the global MIS instruments market during the forecast period.”

The Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Factors such as the presence of a large patient pool undergoing surgical treatments, growing awareness about modern surgical instruments and techniques, and the implementation of various initiatives to reduce the rising healthcare expenditure in the Asia Pacific are the major growth drivers for this regional market.

In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, other directors, and executives from various key organizations operating in the MIS instruments market.

By Respondent Type: Supply Side (80%) and Demand Side(20%)
By Designation: Managers(55%), CXOs (20%), and Executives (25%)
By Region: North America (50%), Europe (20%), APAC (20%), and RoW (10%)
Research Coverage:

The market study covers the MIS instruments market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on product, type of surgery, end user, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants in this market and provide information on the closest approximations of the revenue numbers for the overall MIS instruments market and its sub segments. This report will help stakeholders to understand the competitive landscape, to gain more insights so as to better position their businesses, and to plan suitable go-to-market strategies. The report will also help stakeholders to understand the pulse of the market and provide information on the key market drivers, restraints, opportunities, and challenges.

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Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.2 Data Triangulation
2.3 Market Estimation Methodology
2.4 Market Growth Rate Projections
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Minimally Invasive Surgical Instruments Market Overview
4.2 North America: Market Share, By Product & Country (2019)
4.3 Market, By Type of Surgery (2019 vs 2025)
4.4 Market Share, By End User (2019)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Benefits of Minimally Invasive Surgeries Over Traditional Open Surgeries
5.2.1.2 Increasing Number of Surgeries
5.2.2 Restraints
5.2.2.1 Uncertain Regulatory Framework in the Medical Device Industry
5.2.2.2 Limited Reimbursement for Surgical Products
5.2.3 Opportunities
5.2.3.1 Growth Opportunities in Emerging Markets
5.2.3.2 Growing Public-Private Initiatives to Support Research Activities on Minimally Invasive Surgical Instruments
5.2.4 Challenges
5.2.4.1 Dearth of Skilled Surgeons

6 Minimally Invasive Surgical Instruments Market, By Product
6.1 Introduction
6.2 Handheld Instruments
6.2.1 Graspers
6.2.1.1 Increased Patient Safety and Better Reach Provided By Rotator Graspers to Drive Market Growth
6.2.2 Retractors/Elevators
6.2.2.1 Growing Markets for Spinal, Orthopedic, and Endoscopic Surgical Procedures to Support the Increased Adoption of Retractors/Elevators
6.2.3 Suturing Instruments
6.2.3.1 Need for Skilled Professionals for the Proper Placement of Sutures is A Major Challenge Faced in This Market
6.2.4 Dilators
6.2.4.1 Without Proper Handling, Dilators Can Damage Muscles, Surrounding Healthy Organs, and Nerves—A Major Challenge
6.2.5 Other Handheld Instruments
6.3 Inflation Devices
6.3.1 Balloons
6.3.1.1 Large Number of Angioplasty Procedures Carried Out Across the Globe to Drive the Growth of This Market Segment
6.3.2 Balloon Inflation Devices
6.3.2.1 Growing Adoption of Advanced Balloon Inflation Devices Providing Safe Dilation With Minimum Mucosal Strain to Drive Growth in This Market
6.4 Surgical Scopes
6.4.1 Significant Increase in the Incidence of Chronic Diseases That Require Endoscopic Procedures to Drive Market Growth
6.5 Cutting Instruments
6.5.1 Trocars
6.5.1.1 Improved Trocar Designs Result in Reduced Complications—A Key Factor Driving Market Growth
6.5.2 Other Cutting Instruments
6.6 Guiding Devices
6.6.1 Guiding Catheters
6.6.1.1 Availability of Customized Catheters for Specific Interventions is Driving the Growth of This Segment
6.6.2 Guidewires
6.6.2.1 Adoption of Guidewires has Increased as A Result of Decreased Frequency of Exchange
6.7 Electrosurgical & Electrocautery Instruments
6.7.1 Electrosurgical Instruments
6.7.1.1 Electrosurgical Instruments to Grow at the Highest CAGR During the Forecast Period
6.7.2 Electrocautery Devices
6.7.2.1 Increasing Number of Plastic Surgeries to Drive the Market for Electrocautery Devices
6.8 Other Instruments

7 Minimally Invasive Surgical Instruments Market, By Type of Surgery
7.1 Introduction
7.2 Cardiothoracic Surgery
7.2.1 Cardiothoracic Surgery Forms the Largest Segment for Minimally Invasive Surgical Instruments
7.3 Gastrointestinal Surgery
7.3.1 Increasing Number of Laparoscopic Gastrointestinal Procedures to Drive Market Growth
7.4 Orthopedic Surgery
7.4.1 Growing Geriatric Population to Support the Growth of This Market Segment
7.5 Gynecological Surgery
7.5.1 Technological Advancements in MIS Treatments to Propel Market Growth
7.6 Cosmetic & Bariatric Surgery
7.6.1 Increased Focus on Aesthetics to Drive the Adoption of Minimally Invasive Procedures
7.7 Urological Surgery
7.7.1 Increasing Prevalence of Urologic Cancers to Drive the Adoption of MIS Instruments
7.8 Other Surgeries

8 Minimally Invasive Surgical Instruments Market, By End User
8.1 Introduction
8.2 Hospitals
8.2.1 Hospitals Accounted for the Largest Share of the Market in 2018
8.3 Ambulatory Surgery Centers & Clinics
8.3.1 Advantages of Ambulatory Care have Boosted Patient Preference for ASC Treatment

9 Minimally Invasive Surgical Instruments Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 The US Dominated the North American MIS Instruments Market in 2018
9.2.2 Canada
9.2.2.1 Growing Government Initiatives Towards Technological Advancements in MIS Techniques to Support Market Growth
9.3 Europe
9.3.1 Germany
9.3.1.1 Well-Established Healthcare System in Germany Boosts the Use of Medical Devices, Including Minimally Invasive Surgical Instruments
9.3.2 UK
9.3.2.1 High Incidence of Cancer in the UK to Boost the Growth of the MIS Instruments Market
9.3.3 France
9.3.3.1 Increasing Number of Hip & Knee Surgeries to Drive Market Growth in France
9.3.4 RoE
9.4 Asia Pacific
9.5 Rest of the World

10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis, 2018
10.3 Right-To-Win
10.4 Competitive Leadership Mapping
10.4.1 Visionary Leaders
10.4.2 Innovators
10.4.3 Dynamic Differentiators
10.4.4 Emerging Companies
10.5 Competitive Scenario
10.5.1 Key Product Launches & Approvals
10.5.2 Key Acquisitions
10.5.3 Key Partnerships, Agreements, Contracts, and Collaborations
10.5.4 Key Expansions

11 Company Profiles
(Business Overview, Products Offered, Recent Developments & MnM View)*
11.1 Medtronic PLC
11.2 Johnson & Johnson
11.3 Stryker Corporation
11.4 B. Braun Melsungen AG
11.5 CONMED Corporation
11.6 Smith & Nephew PLC
11.7 Abbott Laboratories
11.8 Zimmer Biomet Holdings, Inc.
11.9 Boston Scientific Corporation
11.10 Becton, Dickinson and Company
11.11 HOYA Corporation
11.12 The Cooper Companies, Inc.
11.13 Surgical Innovations Group PLC
11.14 Omniguide Holdings Inc.
11.15 Applied Medical Resources Corporation
*Details on Business Overview, Products Offered, Recent Developments & MnM View Might Not Be Captured in Case of Unlisted Companies.
11.16 Other Companies
11.16.1 Karl Storz
11.16.2 Koninklijke Philips N.V.
11.16.3 FUJIFILM Holdings Corporation
11.16.4 KLS Martin
11.16.5 Scanlan International Inc.
11.16.6 Biolitec AG

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

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