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Germany Minimally Invasive Surgical Instruments Market 2019-2025

  • ID: 5116641
  • Report
  • February 2020
  • Region: Germany
  • Orion Market Research Private Limited

FEATURED COMPANIES

  • Abbott Laboratories, Inc.
  • B. Braun Melsungen AG
  • Boston Scientific Corp.
  • Intuitive Surgical, Inc.
  • Medtronic plc
  • Smith & Nephew Plc
Germany Minimally Invasive Surgical Instruments Market Size, Share & Trends Analysis Report, By Product (Inflation Systems, Cutter Instruments, Guiding Devices, Handheld Instruments, Stents, Sutures, Monitoring and Visualization Equipment, and Robotic Assisted Surgical Systems), By Technology (Endoscopy, Laparoscopy, Robot-Assisted Methods, Arthroscopic Techniques, and Ablative Methods) and Forecast, 2019-2025.

Germany minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 7.6% during the forecast period. Germany is the major contributor to the healthcare sector in Europe. According to the International Trade Administration (ITA), Germany is Europe’s largest market for medical devices, accounting nearly $41 billion per year, and behind the US and Japan. The major factors driving Germany’ medical device sector include innovative strength and availability of subsidiaries of major US companies such as Medtronic, GE Healthcare and 3M in Germany.

Further, a rise in colectomies procedures has reported in Germany. For instance, according to Eurostat, Germany recorded the highest frequency of colectomies, 107.7 colectomies per 100 000 inhabitants in 2015. The country has also reported the highest frequency of pulmectomies with 39.1 of these operations per 100 000 inhabitants, which has been followed by Hungary, (26.1 pulmectomies per 100 000 inhabitants). This emerging colectomies and pulmectomies procedures performed in Germany, is expected to drive the demand for minimally invasive surgeries as it is a better option than conventional open surgery with improved patient’s outcome and faster recovery. As the country is investing in the healthcare sector for providing effective care to patients, the possibility of adoption of effective treatment options will also rise. This, in, turn, is expected to boost the market in Germany.

The major players in the market include Abbott Laboratories, Inc., B. Braun Melsungen AG, Stryker Corp., Johnson & Johnson Services, Inc., and Medtronic plc. These companies are adopting several strategies to expand market share and gain a competitive advantage over their competitors. For instance, in April 2018, B. Braun opened five new medical production plants in Penang (a Malaysian State). It has opened to expand manufacturing of medical devices for surgical instruments, pharmaceutical solutions and infusion therapy in order to treat patients in Malaysia and across the globe.

Research Methodology:

The market study of the Germany MIS Instruments market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:
  • Financial reports of companies involved in the market
  • Whitepapers, research-papers, and news blogs
  • Company websites and their product catalog

The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Germany Minimally Invasive Surgical Instruments Market Research and Analysis by Product
2. Germany Minimally Invasive Surgical Instruments Market Research and Analysis by Technology
3. Germany Minimally Invasive Surgical Instruments Market Research and Analysis by Application

The Report Covers:
  • Comprehensive Research Methodology of the Germany MIS instruments market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the Germany MIS instruments market.
  • Insights about market determinants which are stimulating the Germany MIS instruments market.
  • Detailed and extensive market segments with regional distribution of forecast revenues.
  • Extensive profiles and recent developments of market players.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Abbott Laboratories, Inc.
  • B. Braun Melsungen AG
  • Boston Scientific Corp.
  • Edwards Lifesciences Corp.
  • Intuitive Surgical, Inc.
  • Johnson & Johnson Services, Inc.
  • Medtronic plc
  • Smith & Nephew Plc
  • Stryker Corp.
  • Teleflex, Inc.
  • Terumo Medical Corp.
  • Zimmer Biomet Holdings, Inc.
Note: Product cover images may vary from those shown