Medical Health & Life Science Research News

Large pool of geriatric population coupled with related rise in chronic diseases have been boosted the market growth of minimally invasive surgery devices in North America scrutinized in new research

Medical Market Research

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.

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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.

 

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