The minimally invasive surgical instruments market is projected to reach USD 18.14 billion by 2021 from USD 11.16 billion in 2016, at a CAGR of 10.2%. The orthopedic surgery segment is expected to be the fastest-growing market owing to increasing bone ailments such as osteoporosis, arthritis, and spine injuries among the elderly population.
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The major drivers for minimally invasive surgical instruments market include the benefits of minimally invasive surgeries over traditional open surgeries; reduction in healthcare costs and time; increasing number of surgeries among the aging population; increasing prevalence of lifestyle disorders; and technological advancements.
Target Audience of This Research as Follows
- Academic Institutes
- Research Institutes
- MIS Instruments Manufacturing Companies
- Distributors and Suppliers
- Market Research and Consulting Firms
The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and threats), winning imperatives, and burning issues. The report also offers market sizes and related growth of various segments in the industry.
It focuses on emerging and high-growth segments of the MIS instruments market, high-growth regions, and initiatives of respective governments.
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The geographic segments included in this report are North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is further segmented into the U.S.
and Canada. North America accounted for the largest share in the global minimally invasive surgical instruments in 2015; the rising number of surgical procedures, growing government investments, increasing geriatric population, and rising prevalence of lifestyle diseases are key factors driving marker growth in this region.
2 Strategic Overview
3 Leading Players in the Market
4 Competitive Situation and Trends
5 New Product Launches
7 Agreements, Collaborations, and Partnerships
9 Other Developments
The competitive landscape covers growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on the key players in the MIS instruments market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future.
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The report provides qualitative insights about growth rates, and market drivers for all subsegments. It maps market sizes and growth rates for each subsegment and identifies segments poised for rapid growth in each geographic segment.
Growth of this market is propelled by the increasing number of surgical procedures among the elderly, the advantages of minimally invasive surgeries over traditional open surgeries, and reduced healthcare costs. However, high cost of MIS instruments, reimbursement challenges in the medical device industry, and an uncertain regulatory framework in the medical device industry are factors that are restraining the growth of the market.
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