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Global Minimally Invasive Surgical Instruments Market By Product (Surgical Scopes, Cutting Instrument, Others), By Application (Aesthetic, Cardiovascular, Others), By End-Users (Hospitals, others), By Region, Forecast & Opportunities to 2026

The global minimally invasive surgical (MIS) instruments market accounted for 18.2 billion in 2019 and is projected to register growth at a CAGR of 7.2% during forecast period.

COVID-19 has impacted the MIS instruments market. In order to control the transmission of corona virus, the government has imposed nationwide lockdown across major countries. This has decreased the demand for minimally invasive surgical instruments as the number of surgeries is decreasing around the world. The number of patients visit is decreasing in the hospitals and surgeries are getting delayed. The COVID-19 is likely to decrease growth in the MIS instruments market.

Definition:

Minimally invasive surgery is less traumatic than conventional open surgeries. Traditional surgeries are performed with conventional laparoscopic instruments can be complex and traumatic. It minimizes the number of incisions performed in a surgery in order to reduce trauma inflicted to the body. This surgery is less painful and causes less scarring.

Market Dynamics (Drivers/Opportunities):

The MIS instruments market is transforming due to rapidly increasing technological advancements in the field of orthopedic, cardiac, neurological and ophthalmic around the world. The higher technological advancement provides high quality instruments that allow surgeons to perform surgeries efficiently without sacrificing safety of patients. This increases adoption of MIS instruments and drives growth in MIS instruments market during forecast period.

The product designs are improving which provide a higher level of accuracy and control in the accuracy room. The minimally invasive surgeries provide various advantages over traditional open surgeries. The number of invasive surgical procedures is increasing across the world. This increases the demand for MIS instruments and drives growth in MIS instruments market during forecast period.

Market Insights, by Application

On the basis of application, the MIS instruments market is segmented into aesthetic, cardiovascular, gastrointestinal, orthopedic, urological, gynecological and others. The gastrointestinal segment is estimated to be fastest growing segment during forecast period. The incidence of gastrointestinal diseases in geriatric, adult and young groups around the world is increasing. The gastroesophageal reflux disease is a prevalent form of the organic gastrointestinal disorder. The MIS is increasing due to safety and efficacy it provides over traditional methods. This increases the adoption of MIS instruments in gastrointestinal application and drives growth in gastrointestinal segment during forecast period.

Market Insights, by End-Users

On the basis of end-users, the MIS instruments market is segmented into hospitals and ambulatory surgery centers & clinics. The ambulatory surgery centers & clinics segment is estimated to witness fastest growth during forecast period. The ambulatory surgery centers & clinics offer surgeries to patients at lower cost and greater flexibility of scheduling as compared to hospitals. This increases growth in ambulatory surgery centers & clinics in MIS instruments market during forecast period.

Regional Insights

Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The population in this region is higher and the patient pool undergoing surgical treatments is higher in this region. The awareness about modern surgical techniques and instruments is increasing in this region. The geriatric population in countries such as Japan and China is increasing and the economic developments rising the demand for MIS procedures. This rising demand for MIS drives growth in MIS instruments market in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in MIS instruments segment are Medtronic PLC, Johnson & Johnson, Stryker Corporation,  Braun Melsungen AG, Conmed Corporation, Smith & Nephew Plc, Abbott Laboratories, Zimmer Biomet Holdings Inc., Boston Scientific Corporation, Becton, Dickson and Company, Hoya Corporation, The Cooper Companies Inc., Surgical Innovations Group, Applied Medical Resources Corporation and Omniguide Holdings Inc.

Segments Covered in the Report

This report forecasts The Global MIS Instruments Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global MIS instruments market report on the basis of product, application and end-users.

Minimally Invasive Surgical Instruments Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Minimally Invasive Surgical Instruments Market, By Product, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Handheld Instruments
  • Inflation Devices
  • Surgical Scopes
  • Cutting Instruments
  • Guiding Devices
  • Electrosurgical & Electrocautery
  • Others
  1. Minimally Invasive Surgical Instruments Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Aesthetic
  • Cardiovascular
  • Gastrointestinal
  • Orthopedic
  • Urological
  • Gynecological
  • Others
  1. Minimally Invasive Surgical Instruments Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Hospitals
  • Ambulatory Surgery Centers & Clinics
  1. Minimally Invasive Surgical Instruments Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Product
    • By Application
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Product
      • By Application
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Product
        • By Application
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Product
          • By Application
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Product
            • By Application
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Becton, Dickson and Company
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Medtronic PLC
    • Johnson & Johnson
    • Stryker Corporation
    • Braun Melsungen AG
    • Conmed Corporation
    • Smith & Nephew Plc
    • Abbott Laboratories
    • Zimmer Biomet Holdings Inc.
    • Boston Scientific Corporation
    • Hoya Corporation
    • The Cooper Companies Inc.
    • Surgical Innovations Group
    • Applied Medical Resources Corporation
    • Omniguide Holdings Inc
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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