Minimally Invasive Surgical Instruments Market | Rapid Advancements In New Technologies To Boost The Market
A minimally invasive surgical (MIS) procedure refers
to the surgery performed with minute incisions in the body; for
instance, plaque blockages in the arteries of the heart and other vessel
walls of peripheral organs, such as lower extremities, neck, kidneys,
and brain. The principal advantage of these procedures over surgery is
short recovery time, small scars, low risk of infection, less bleeding,
and shorter hospital stays.
The MIS market is expected to grow at a fast rate
with a CAGR of 8.2% and is expected to reach $35.5 billion. The surgical
instruments segment commanded the larger share; i.e. 38.4%, of the
global minimally invasive surgical devices market. This growth has been
primarily attributed to the increased usage of these devices and
instruments in MIS procedures. Devices such as guiding catheters and
guidewires as well as balloons have been widely used in interventional
angioplasty and peripheral extremity MIS procedures. Numerous
innovations in the technologies of devices such as balloons have added
to the growth in the market.
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The global minimally invasive surgical devices market
is classified into handheld instruments, guiding devices, inflation
systems, auxiliary devices, ultrasound, X-ray, CT & MRI imaging,
visualization systems, electrosurgical devices and robotic systems.
Newer innovations and rapidly evolving technologies in the field of
surgical devices used in minimally invasive procedures will drive the
MIS market. Imaging and diagnostic technologies such as ultrasound
involving IVUS (intravascular ultrasound) and OCT (optical coherence
tomography) have considerably changed the usage patterns of diagnostic
techniques. These device systems show significant promise in terms of
guidance in treatment and diagnosis. OCT has helped in high-resolution
imaging of atherosclerotic plaque erosions that were previously not
possible with imaging systems, thereby contributing to a boosting growth
to the market.
North America constitutes the biggest market for the
MIS devices and technologies, followed by Europe, and Asia. Pricing and
reimbursement issues in certain regions of the world such as European
and Asian countries have hampered the growth of the MIS devices market.
Budgets constraints in hospitals force physicians to re-use accessory
devices in MIS procedures, due to lack of reimbursements.
Major players in the minimally invasive surgery
devices and imaging & visualization systems market include Intuitive
Surgical (U.S.), GE Healthcare (U.K.), Philips (The Netherlands),
Siemens (Germany) and Covidien (U.S.).
- Surgical Devices – Handheld instruments, mechanical cutters, auxiliary devices, guiding devices (guidewires and guiding catheters) and inflation systems (balloons and balloon inflation devices)
- Electrosurgical Devices – Electrosurgical generators, vessel sealing instruments, electrocautery devices and accessories
- Imaging Devices – Ultrasound, CT, MRI, X-ray devices and visualization systems
- Robotic Systems – da-Vinci, ROBODOC, RIO, Neuromate and SpineAssist
This minimally invasive surgical devices and imaging
systems report forecasts the size of the market over a period of five
years (2011-2016). It also discusses the key market drivers, restraints
and opportunities of the market and its sub markets. The report’s
‘Strategy’ section sketches the competitive landscape, featuring about
32 company profiles.
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Article Credit: Healthcare DC
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