This market research report covers the global and regional market with an in-depth analysis. Furthermore, it sheds light on the comprehensive competitive situation of the global and regional markets.
New York, United States – June 9, 2020 /MarketersMedia/ —
Minimally invasive surgery (MIS) is available for many different types of surgical operations. The procedure is performed through a small incision (s) using specialized instruments, miniature cameras with microscopes, tiny fiber-optic flashlights, and high definition monitors. The incision is about 2 to 4 inches in length instead of the 6 to 10-inch incision required by traditional surgery. Minimally invasive keyhole or port access techniques are also available for some types of surgery. Minimally invasive surgery (MIS) currently allows doctors to perform many complicated operations with a short hospital stay. It is a safe, feasible, and patient-friendly method of performing an operation.
This report also covers the recent COVID-19 and its impact on Minimally Invasive Medical Devices Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
The rising interest of medical technology companies for the investment in the R&D of new generation medical devices and green signal by regulatory for their approval are giving vigor to the Minimally Invasive Medical Devices market. Besides, technological advancements, rising demand for innovative therapies to overcome unmet needs in the healthcare area, less pain, and rapid recovery of surgeries are some of the other drivers of market growth. However, the uncertain regulatory framework in the medical device industry and lack of skilled healthcare professionals are major factors restraining the growth of this market during the forecast period.
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The Major Players Profiled in This Report Include:
Medtronic plc
Microline Surgical
Boston Scientific
Abbott
Intuitive Surgical
C. R. Bard, Inc
Zimmer Biomet
Surgical Innovations
Hoya Corporation
Stryker
Mentice
Teleflex
Smith & Nephew plc
NuVasive, Inc
In August 2018, Abbott entered into an agreement with Roxwood Medical for product distribution in the US.
In July 2017, Koninklijke Philips NV acquired PathXL to expand its business leaders in the medical device industry.
In August 2017, Integrity Applications received USFDA approval for the insertable cardiac monitor, the world’s first smartphone compatible ICM designed to help physicians remotely identify cardiac arrhythmias.
The Type and Application Analysis:
Type Outlook (Revenue, USD Million; 2014-2026):
Handheld Instruments
Guiding Devices
Inflation Systems
Application Outlook (Revenue, USD Million; 2014-2026):
Private Hospitals
Government Hospitals
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Handheld instruments accounted for the largest share of the MIS instruments market in 2019. The large share of this segment can be attributed to the increasing number of surgical procedures and the development of high-dexterity, low-cost articulating laparoscopic handheld surgical instruments.
North America accounted for the largest share of the global MIS instruments market in2019, closely followed by Europe. This is mainly attributed to the large volume of surgical procedures in North American countries due to early diagnosis and treatment, the increasing number of surgical centers and growing adoption of minimally invasive surgical techniques are driving the growth of the North American market during the forecast period.
The Asia Pacific is estimated to grow at the highest CAGR during the forecast period owing to 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.
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Minimally Invasive Medical Devices Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Minimally Invasive Medical Devices Market by Types
Chapter 4 Segmentation of Minimally Invasive Medical Devices Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Minimally Invasive Medical Devices Market in Major Countries
Chapter 7 North America Minimally Invasive Medical Devices Landscape Analysis
Chapter 8 Europe Minimally Invasive Medical Devices Landscape Analysis
Chapter 9 Asia Pacific Minimally Invasive Medical Devices Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Minimally Invasive Medical Devices Landscape Analysis
Chapter 11 Major Players Profile
11.1 Medtronic plc
11.1.1 Medtronic plc Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Microline Surgical
11.2.1 Microline Surgical Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 Boston Scientific
11.3.1 Boston Scientific Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
…
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures (Totals 94 Figures and 164 Tables)
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Minimally Invasive Medical Devices Report Provide:
Potential opportunities and challenges analysis in Minimally Invasive Medical Devices market.
Current and future market outlook in the developed and emerging regional markets.
Detailed analysis of the segment that is expected to dominate the market.
Regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
Comprehensive & in-depth research and after-sales warranty by Global Market Monitor.
Analysis of Influences of COVID-19 to the present and future Minimally Invasive Medical Devices market and related industry.
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