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

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

The United Kingdom Minimally Invasive Surgery Devices Market is expected to register a CAGR of 5.9%, over the forecast period. The major factors for the growth of the United Kingdom minimally-invasive surgery devices market include increasing prevalence of lifestyle-related and chronic disorders, along with rising geriatric population in the country and technological advancements.

The growing burden of chronic diseases along with rising geriatric population in United Kingdom is likely to lead to increased demand for minimally invasive surgery devices. For instance, as per Versus Arthritis, in 2019, it was estimated that over 18% of people who were above 45 year of age in England had osteoarthritis of the knee which ultimately rises surgical procedures and drives market growth in near future.

Furthermore, according to the British Heart Foundation 2020 Factsheet, as of 2020, there are around 7.4 million people living with heart and circulatory diseases in the United Kingdom which is expected to drive market growth as this will be increase use of minimally invasive surgical devices in the management of the diseases. Thus, owing to above mentioned factors it is expected to increase demand for minimally invasive surgical devices during the forecast period.

Key Market TrendsGastrointestinal Segment, under Application, is expected to be the Fastest Growing Segment Over the Forecast Period.

The major factors driving the growth of the gastrointestinal segment is due to rising incidence of gastrointestinal diseases in the young, adult, and geriatric groups. Dyspepsia, irritable-bowel syndrome, and constipation are some of the examples of gastrointestinal disorders. Minimally-invasive surgery has gained popularity for benign diseases, and has proved its safety and efficacy over traditional methods, owing to which, it has gained substantial attention in the past several years.

As per Bowel Interest Group 2019 report, during 2017-18, approximately 71,430 people in England were admitted to hospital with constipation equivalent to 196 people a day and around 162 million Pounds was spent by NHS England on treating constipation condition. Thus, owing to above mentioned factors it is expected to show significant growth over the forecast period.

Competitive Landscape

The United Kingdom Minimally Invasive Surgery Devices Market is consolidated, owing to the presence of a few key players in the market. Some of the market players are Stryker Corporation, Medtronic PLC, Olympus Corporation, Abbott Laboratories, Zimmer Biomet and others

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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