Minimally Invasive/non Invasive Devices and Surgical Market is Growing with A CAGR of 11%

Date: 2015-10-26

Globally Minimally invasive / non invasive surgery and devices are widely adopted due to increase in surgeries. According to Centers for Disease Control and Prevention, there has been a solid increase in the surgeries in the US. Earlier the surgeries involved with much pain, however, with the introduction of minimally invasive/non invasive surgeries the patient experiences less pain, shorter hospital stay, less complication, quick recovery and less blood loss. Additionally, the minimally invasive surgeries with minimum insertion leave very small scars compared to the traditional surgeries. As a result the adoption of minimally invasive surgeries paced up over the years. 

The Minimally invasive/non invasive devices and surgical market is growing at an impressive pace with a CAGR of 11% during 2015-2021. The market is segmented on the basis of product and applications. The product includes wide range of devices such as endoscopic devices, handheld devices, guiding devices, inflation systems, surgical robots and so on. By applications the market is segmented in cardiothoracic surgery, gastrointestinal surgery, orthopedic surgery, laparoscopic surgery, diagnostics, and cosmetic surgery and so on. Moreover, the report has covered only the product market of global minimally invasive/non invasive surgery instrument and device market.

Moreover, increase in healthcare expenditure, increase in life style oriented diseases such as Cancer, CVD, CHD, disability and other heart diseases is also influencing the minimally invasive/non invasive instrument and device market. Major players of minimally invasive/non invasive surgery and device market includes- GE Healthcare, Siemens, Stryker, Olympus, Medtronic, Abbott Diagnostics, Toshiba medical systems, Boston scientific, J&J, Aesculap, Intuitive surgical.

Key Players
1. Medtronic
2. Aesculap INC
3. Siemens 
4. Abbot Laboratories
5. Smith & Nephew PLC
6. Given Imaging
7. Stryker
8. Boston Scientific
9. Intuitive Surgical
10. Biomet Inc 
11. Johnson and Johnson
12. GE Healthcare
13. Philips
14. Conmed Corporation
15. Cooper Surgical Inc
16. Ethicon Endo-Surgery Inc
17. Hitachi Medical Corporation
18. Karl Storz Endoscope Berlin GMBH
19. Olympus Corporation
20. Toshiba Medical Systems

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