Envision Intelligence estimates that minimally invasive surgery devices market is projected to reach $XX Billion by the end of 2024 with a CAGR of XX% from $XX Billion in 2018.
Introduction to the market:
Minimally invasive surgery devices are used in various surgical procedures including general surgery, gynecology, oncology, urology. Incisions can sometimes leave large wounds that are painful and take long time to heal.
Minimally invasive surgery encompasses surgical techniques that limit the size of incisions, less wound healing time, association pain and risk of infection. By using minimally invasive procedures, a patient may require an adhesive bandage on the incision rather than multiple stitches or staples to close a large section.
It usually results in less infection, quick recovery time and shorter hospital stays.
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North America has the largest market due to the presence of large patient pool undergoing surgical treatments in that region. The geriatric population has increased significantly and is prone to various disorders such as ocular, cardiovascular, cancer diabetics and so on.
The chronic diseases are limited to developed regions of the world. In order to prevent the chronic diseases, the recommended lifestyle changes include avoiding tobacco use, maintain a healthy weight, maintain daily physical activity and limit television watching.
The increasing adoption of minimally invasive surgery devices in private hospitals and surgical clinics will increase the usage of minimally invasive surgery devices hence leading to its growth. Nowadays hospitals are well-furnished with necessary equipment in order to provide quality service at any point in time.
The potential technical benefits of robotic surgery leading to improved patient functional outcomes.
Key players in the market include:
- Medtronic (United States)
- B.Braun Medical (Germany)
- Smith & Nephew PLC (London)
- Boston Scientific Corporation (United States)
- Abott Laboratories (United States)
Reasons to access this report:
This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.
Key pointers in the report include:
- Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis, PESTLE analysis, SWOT Analysis& Y-O-Y analysis are performed to comprehend the market dynamics and key companies’ position during the next five years.
- Team of analysts has analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals, which will specify the emerging scope for the market in end-user industries.
- Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
- Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each segment of the market.
- A complete 360-degree analysis including product portfolio, business portfolio, developmental strategies, key developments from the companies in the historical period for the key players operating in the market is included in the report.
- Advanced customizations on countries, specific applications in end-user industries, product based customizations will be provided based on the request. All the collected data is further validated and verified using surveys, interviews and interactions with industrial experts.
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