France Minimally Invasive Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

France Minimally Invasive Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The France Minimally Invasive Devices Market is expected to witness a 5.6% CAGR growth during the forecast period. The major factors expected to drive the market growth are the rising number of surgical procedures along with the burden of chronic diseases in the country and technological advancement in the products.

According to the Organization for Economic Cooperation and Development, in 2018, there are about 148075 caesarian sections were being performed in France thereby positively influencing the market studied. Moreover, the benefits associated with minimally invasive surgeries are also increasing the adoption rate of MIS devices. As there are minimal cuts or stitches involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to a quicker recovery. Thus, associated benefits are expected to accelerate the market studied over the forecast period.

Key Market TrendsOrthopedic Surgery Segment is Expected to Exhibit Fastest Growth Rate Over the Forecast Period

Orthopedic surgery is concerned with conditions involving the musculoskeletal system. Orthopedic surgeries are used as both surgical and nonsurgical means to treat or correct musculoskeletal trauma, spine diseases, sports injuries, degenerative diseases, infections, tumors, and congenital disorders.

Elderly patients are more prone to spinal injuries. As a result, more elderly patients have concerns regarding back pain other structural joint issues. For instance, as per the data published by Knoema, in 2019, 20.4% of the total French population was aged 65 years and above. In addition, the population aged 65 years and above of France increased from 12.9 % in 1970 to 20.4 % in 2019. Thus, orthopedic surgeries are expected to increase in France as the geriatric population in France is high and is also expected to increase in the future. Moreover, a high adoption rate and demand for more minimally invasive procedures are expected to drive the growth of market studied.

Competitive Landscape

Some of the major players in the France Minimally Invasive Surgery Devices Market are Terumo Corporation, Karl Storz GmbH, Olympus Corporation, GE Healthcare, Medtronic Plc, Drägerwerk AG & Co. KGaA, LED SpA, Fazzini and Quanta Systems.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Abbott Laboratories
GE Healthcare
Intuitive Surgical Inc.
Koninklijke Philips NV
Medtronic PLC
Olympus Corporation
Siemens Healthineers
Smith & Nephew PLC
Stryker Corporation
Zimmer Biomet

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