The global minimally invasive surgical systems market size is expected to reach USD 41.16 Billion at a steady CAGR of 8.1% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing prevalence of chronic diseases such as cardiovascular diseases and chronic obstructive pulmonary disease. Chronic diseases account for majority of disabilities and deaths globally. Health expenses on chronic diseases are a major contributor to the USD 3.80 trillion yearly healthcare expenses in the US, with about 50.0% of the American population being diagnosed with a minimum of one chronic disease and the ratio is likely to grow in the future. Surgery is widely used to address various chronic diseases. Minimally invasive surgical systems provide benefits of small incision, decreased infection risk, reduced tissue injuries, and faster recovery time.
The Research Report focuses on competitive landscape of industry that includes company profiles, business overview, sales area, market performance and manufacturing cost structure. The report analyzes the global primary production, consumption, and fastest-growing countries with prominent players in the global industry. Key market observation is showed to make key findings on business growth. In the competitive assessment section, this Minimally Invasive Surgical Systems Market report sheds light on the list of manufacturers, market conditions, current trends, company profiles, and market innovations. It also includes various growth opportunities of top players.
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Minimally Invasive Surgical Systems Market : Competitive Landscape
The prominent players operating in the Minimally Invasive Surgical Systems Market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Minimally Invasive Surgical Systems Market .
Some of the prominent players operating in the market are:
Stryker Corporation, Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Johnson & Johnson, OmniGuide Holdings Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, CONMED Corporation, and Hoya Corporation.
What’s Included in the Report –
Global Minimally Invasive Surgical Systems Market size and growth projections, 2020-2028
Industry Segmentation and regional growth revenue forecast for market
Competitive landscape, strategies and market share analysis
Minimally Invasive Surgical Systems Market size, share, and growth projections across regions and countries
Minimally Invasive Surgical Systems Market size and CAGR of key products, applications, and end-user verticals
Short and long term Minimally Invasive Surgical Systems Market trends, drivers, restraints, and opportunities
Porter’s Five forces analysis
Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
Latest market news, developments, growth opportunities and trends analysis
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The report offers these individuals a vivid description of the competitive spectrum of the global Minimally Invasive Surgical Systems Market .The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
Some Key Highlights From the Report :
Electrosurgical devices find wide usage in various surgical specialties, primarily owing to ability make accurate incisions leading to limited/less blood loss. The major benefit of deploying electrosurgical devices over electrocautery devices is reduction in damage caused to surrounding tissues due to their high precision. Electrosurgical devices use low voltages for incision mode and high voltage for coagulation mode.
Cardiovascular diseases are the foremost cause of mortality worldwide, accounting for about 17.9 million deaths each year. In 2018, around 12.0% of the adult population in the US were diagnosed with cardiovascular disease. Minimally invasive surgical systems in cardiovascular surgeries offer benefits of smaller surgical cuts and scars, decreased infection risk, less pain, and fewer physical limitations. For instance, patients undergoing traditional cardiac operations are restricted to drive vehicles or lift heavy (over 5 pounds), whereas in case of minimally invasive surgeries there are no such restrictions.
Minimally invasive surgical systems market in North America accounted for largest revenue share in 2020 due high adoption of advanced healthcare technologies, rising prevalence of chronic diseases, and high healthcare expenses. In addition, presence of leading companies providing minimally invasive surgical systems in countries in the region is causative of steady market revenue growth.
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Emergen Research has segmented the global minimally invasive surgical systems market on the basis of device type, surgery type, end-use, and region:
Device Type Outlook (Revenue, USD Billion; 2018–2028)
- Handheld Devices
- Cutter Devices
- Inflation Devices
- Electrosurgical Devices
- Monitoring and Visual Devices
- Guiding Devices
- Auxiliary Devices
Surgery Type Outlook (Revenue, USD Billion; 2018–2028)
- Gastrointestinal Surgery
- Cardiovascular Surgery
- Orthopedic Surgery
- Urological Surgery
- Cosmetic Surgery
- Neurological Surgery
- Others
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
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Regional Bifurcation of the Minimally Invasive Surgical Systems Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key questions answered in the report:
What will the Minimally Invasive Surgical Systems Market growth rate be?
What are the primary factors propelling the Global Minimally Invasive Surgical Systems Market ?
Who are the market’s leading manufacturers?
What are the market’s opportunities, threats, and market structure?
What are the top manufacturers’ sales, revenue, and price analysis in the Minimally Invasive Surgical Systems Market ?
Who are the Minimally Invasive Surgical Systems Market distributors, traders, and dealers?
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