Global Minimally Invasive Surgical Devices Market, By Type ((Handheld Instruments {Graspers, Retractors/Elevators, Dilators, Suturing Instruments, Others}, Surgical Scopes {Laparoscopes, Gastroscope, Cystoscope, Ureteroscope, Others}, Cutting Instruments

Global Minimally Invasive Surgical Devices Market, By Type ((Handheld Instruments {Graspers, Retractors/Elevators, Dilators, Suturing Instruments, Others}, Surgical Scopes {Laparoscopes, Gastroscope, Cystoscope, Ureteroscope, Others}, Cutting Instruments {Trocar’s v/s other MIS instruments}, Guiding Devices {Guiding Catheters, Guidewires}, Electrosurgical Devices {Electrosurgery Instruments & Accessories, Electrosurgery Generators, Patient Return Electrodes}, Others), By Surgery Type (Cardiovascular, Gastrointestinal, Gynecology, Urology, Others), By End User (Hospitals & Clinics, Ambulatory Surgical Centers, Others), By Region, Competition Forecast and Opportunities, 2026

Global minimally invasive surgical devices market valued USD20.93 billion in 2020, and the market is also anticipated to grow with a CAGR value of 5.56% in the forecast period, 2022-2026 to achieve market value of USD28.54 billion by 2026F. Increasing preferences towards minimally invasive surgeries to avoid physical scar marks and painful recovery, is driving the growth of the global minimally invasive surgical devices market in the upcoming five years. Also, increasing instances of prolonged & chronic diseases where surgeries are a must as a treatment method, is also driving the market growth. Chronic diseases like cardiovascular diseases, neurological diseases, cancer, etc. requires surgical approaches. Minimally invasive devices are technologically advanced and require rather small entry points to enter the human body. Complications of surgeries like cancer removal surgeries, endoscopic surgeries, cardiovascular surgeries, etc. has also increased surgeons inclination towards minimally invasive surgeries, to avoid mistakes, post op-pain for patient, over bleeding, or other complications. Furthermore, increased investment in the healthcare sector, consistent research and innovative medical devices development by multiple market players further substantiates the growth of the global minimally invasive surgical devices market in the forecast period, until 2026.

Technological advancement in the existent medical devices demands financial and research investments from the market players, and the manufactured medical devices are also required to get approvals through clinical trials to be commercialized and utilized for patient treatment, that may restrain market growth.

The global minimally invasive surgical devices market is segmented by type, surgery type, end user, regional distribution, and company. Based on type, the market is segmented into handheld instruments, surgical scopes, cutting instruments, guiding devices, electrosurgical devices and others. Handheld instruments consist of graspers, retractors/elevators, dilators, suturing instruments, and others. Surgical scopes consist of laparoscopes, gastroscope, cystoscope, ureteroscope, and others. Cutting instruments consist of trocar’s and other MIS instruments. Guiding devices are guiding catheters and guidewires. Electrosurgical devices include electrosurgery instruments & accessories, electrosurgery generators, and patient return electrodes. Handheld instruments are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of increasing demand for precision during surgeries. Moreover, surge in the demand for technologically advanced surgical devices like graspers, retractors, and elevators are anticipated support the market growth in the future five years.

Medtronic Plc, Stryker Corporation, B. Braun Melsungen AG, Olympus Corporation, Boston Scientific Corporation, Zimmer Biomet Holdings, Inc, Johnson & Johnson, Karl Storz SE & Co. KG, Abbott Laboratories, Inc., Koninklijke Philips N.V., Applied Medical Resources Corporation, Conmed Corporation, The Cooper Companies Inc., Biolitec AG, FUJIFILM Holdings Corporation, Smith & Nephew plc, are some of the major players operating in the global minimally invasive surgical devices market.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

• To analyze and estimate the market size of global minimally invasive surgical devices market from 2016 to 2020.
• To estimate and forecast the market size of global minimally invasive surgical devices market from 2021 to 2026 and growth rate until 2026.
• To classify and forecast global minimally invasive surgical devices market based on type, surgery type, end user, competitive landscape, and regional distribution.
• To identify dominant region or segment in the global minimally invasive surgical devices market.
• To identify drivers and challenges for global minimally invasive surgical devices market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global minimally invasive surgical devices market.
• To identify and analyze the profile of leading players operating in global minimally invasive surgical devices market.
• To identify key sustainable strategies adopted by market players in global minimally invasive surgical devices market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global minimally invasive surgical devices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and end users for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to minimally invasive surgical devices
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global minimally invasive surgical devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Minimally Invasive Surgical Devices Market, By Type:
• Handheld Instruments
• Graspers
• Retractors/Elevators
• Dilators
• Suturing Instruments
• Others
• Surgical Scopes
• Laparoscopes
• Gastroscope
• Cystoscope
• Ureteroscope
• Others
• Cutting Instruments
• Trocar’s
• Other MIS instruments
• Guiding Devices
• Guiding Catheters
• Guidewires
• Electrosurgical Devices
• Electrosurgery Instruments & Accessories
• Electrosurgery Generators
• Patient Return Electrodes
• Others
• Minimally Invasive Surgical Devices Market, By Surgery Type:
• Cardiovascular
• Gastrointestinal
• Gynecology
• Urology
• Others
• Minimally Invasive Surgical Devices Market, By End User:
• Hospitals & Clinics
• Ambulatory Surgical Centers
• Others
• Minimally Invasive Surgical Devices Market, By Region:
• North America
• United States
• Canada
• Mexico
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global minimally invasive surgical devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Companies Mentioned

1.Medtronic Plc
2.Stryker Corporation
3.B. Braun Melsungen AG
4.Olympus Corporation
5.Boston Scientific Corporation
6.Zimmer Biomet Holdings, Inc
7.Johnson & Johnson
8.Karl Storz SE & Co. KG
9.Abbott Laboratories, Inc.
10.Koninklijke Philips N.V.
11.Applied Medical Resources Corporation
12.Conmed Corporation
13.The Cooper Companies Inc.
14.Biolitec AG
15.FUJIFILM Holdings Corporation
16.Smith & Nephew Plc

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