The study examining the Minimally Invasive Surgical Systems Market is the recent report documented by Markntel Advisors, which is purely biased in terms of factual statistics and aims to deliver the interested stakeholders to come forward and gather the most credible information produced by our marketing analysts via investigating every viable secondary source of information primarily accessible through several different websites.
To simplify the market tractions and offer the best possible projections for the next five years, our team brings the best to the table compared to the other competitors in the research market. Moreover, it also features a wide range of significant elements, such as substantial drivers, restrictions, opportunities, vital needs, setbacks, new developments, regional divide, etc., which have been successfully altered in this research as per the rising fluctuations.
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| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 7.5% |
| Regions Covered | North America: USA, Canada |
| Europe: Germany, UK, France, Italy, Spain, Russia | |
| Asia-Pacific: China, India, Japan, South Korea | |
| South America: Brazil, Argentina, Mexico | |
| Middle East & Africa: UAE, Saudi Arabia, Israel | |
| Key Companies Profiled | Auris Health, Inc. (Johnson & Johnson), Boston Scientific Corporation, Cook Medical, Corindus Vascular Robotics Inc, Intuitive Surgical Inc, Medrobotics Corporation, Medtech SA (Zimmer Biomet Holdings, Inc.), Mazor Robotics Ltd., Olympus Corporation, Renishaw Plc, Restoration Robotics Inc, Smith & Nephew Plc, Stereotaxis Inc, Mako Surgical Corp (Stryker Corporation), Think Surgical Inc., TransEnterix, Inc., Richard Wolf GmbH, Pentax Medical (Hoya Corporation), Fujifilm Holdings Corporation, and Siemens Healthcare GmbH. |
| Unit Denominations | USD Million/Billion |
Report Table of Content
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Executive Summary
- Impact of COVID-19 on Global Minimally Invasive Surgical Systems Market
- Global Minimally Invasive Surgical Systems Market Value Chain Analysis
- Global Minimally Invasive Surgical Systems Market Intellectual Property Rights Analysis
- Patent Analysis
- Upcoming Technology Developments
- Patent Filings
- Global Minimally Invasive Surgical Systems Market Dynamics
- Growth Drivers
- Challenges
- Impact Analysis
- Global Minimally Invasive Surgical Systems Market Trends & Insights
- Global Minimally Invasive Surgical Systems Market Hotspots & Opportunities
- Global Minimally Invasive Surgical Systems Market Regulations & Government Roadmaps by Geographies
- The United States
- European Union
- Others
- Major Surgeries Done Globally using Minimally Invasive Surgical Systems (With Country & Hospital)
- Global Minimally Invasive Surgical Systems Market Pricing Trend Analysis
- Cost Comparison: Procedure VS Equipment
- Global Minimally Invasive Surgical Systems (MISS) Market Outlook, 2018-2028
Major Topics We Covered in this Study Report
- Minimally Invasive Surgical Systems Market Expensing Till 2028 –
The Minimally Invasive Surgical Systems Market is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2023-28. Due to faster recovery times, smaller incisions, less discomfort and scarring, better accuracy, and shorter hospital stays, minimally invasive surgical treatments are becoming more and more popular. In addition, medical displays enable greater visibility of diagnostic pictures by presenting even the smallest change in tissues and cells, resulting in precise and speedier procedures.
- Industry Driving Factor: Rising Prevalence Of Chronic Diseases Worldwide
The demand for MIS procedures is anticipated to rise due to the rising prevalence of chronic diseases. Unfortunately, chronic conditions, usually caused by a changing lifestyle, poor eating habits, and failure to maintain a healthy weight, are rarely curable and manageable.
A few longer-lasting chronic infections increase cancer risk, necessitating minimally invasive surgery with the growing awareness of such deadly diseases. Patients who undergo this type of surgery experience fewer complications, less post-operative pain, shorter hospital stays, quicker recovery times, fewer scars, and less immune system stress.
- Growth Challenge for Players: Need for Specialized High-End Medical Equipment and Surgeons
The primary factor severely impeding global market expansion is the higher cost of MIS procedures, as they require specialized high-end medical equipment that makes it expensive. Other than this, the lack of specialized training among surgeons and the FDA’s lengthy delays in approving the new MIS equipment may hamper the market’s overall expansion during the forecast period.
- Geographical Dividation and Leading Type: North America Attained The Highest Share
On the Geographical front, the Minimally Invasive Surgical Systems market is divided across North America, South America, Europe, Middle East & Africa, and Asia-Pacific. And North America attained the highest share in the Global Minimally Invasive Surgical Systems Market due to the burgeoning number of surgical procedures and early diagnosis of the diseases. For example, according to an updated report released by the Centers for Disease Control and Prevention in September 2021, heart disease remains the leading cause of death in the United States.
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Minimally Invasive Surgical Systems Market Fragmentation
The objective of fragmenting the report on the basis of region is to examine and list down the industry’s key players and other significant aspects of different areas and their contributions in thriving the substantial progress of the market. Hence, it facilitates the stakeholders to perform in-depth research and execute a rigorous strategy for their businesses via the help of the research paper published by the talented team of Markntel Advisors. Other than geographical division, the industry segmentations bifurcate across the following segments:
By Type
- Conventional MISS
- Endoscopes and Endoscopic Systems
- Rigid Endoscopes
- Flexible Endoscopes
- Capsule Endoscopy
- Video and Visualization Systems
- Cameras
- Displays and Monitors
- Video Convertors
- Video Recorders
- Video Processors
- Camera Heads
- Light Sources
- Printers
- Instruments and Accessories
- Insufflators
- Endoscope Tip Protector, Tubing, Water Systems
- Procedure Kits
- Forceps
- Retrieval Kits
- Injection Needles
- Energy Devices
- Closure Devices
- Hand Instruments
- Access Devices
- Others
- Others
- Endoscopes and Endoscopic Systems
- Surgical Robotics
- Systems
- Instruments & Accessories
- Services
By Application
- Urology Surgery
- Gynecology Surgery
- General Surgery
- Cardiovascular Surgery
- Orthopedic Surgery
- Head and Neck Surgery (Neurosurgery)
- Others (Biopsy, Hair, etc.)
By End Users
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
Competitive Analysis of the Key Players
The following section is notably dedicated to the industry giants and their significant contributions to propelling the Minimally Invasive Surgical Systems market in terms of revenues, growth, employment opportunities, and several others. It offers the stakeholders, along with the key investors, the to make a move by holistically investigating their strategies and the success that they have achieved before the projected period. Moreover, their recent developments, innovations, implementations, and revenue models are thoroughly labelled in the study.
- – Auris Health, Inc. (Johnson & Johnson)
- – Boston Scientific Corporation
- – Cook Medical
- – Corindus Vascular Robotics Inc
- – Intuitive Surgical Inc
- – Medrobotics Corporation
- – Medtech SA (Zimmer Biomet Holdings, Inc.)
- – Mazor Robotics Ltd
- – Olympus Corporation
- – Reinshaw Plc
- – Restoration Robotics Inc
- – Smith & Nephew Plc
- – Stereotaxis Inc
- – Mako Surgical Corp (Stryker Corporation)
- – Think Surgical Inc.
- – TransEnterix, Inc.
- – Richard Wolf GmbH
- – Pentax Medical (Hoya Corporation)
- – Fujifilm Holdings Corporation
- – Siemens Healthcare GmbH
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