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China Minimally Invasive Surgical Instruments Market 2019-2025

  • ID: 5116644
  • Report
  • February 2020
  • Region: China
  • Orion Market Research Private Limited

FEATURED COMPANIES

  • Abbott Laboratories, Inc.
  • Boston Scientific Corp.
  • Koninklijke Philips N.V.
  • Medtronic plc
  • Stryker Corp.
  • Teleflex, Inc.
China 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.

China minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 8.9% during the forecast period. Minimally invasive surgical instruments market in China has significant potential growth owing to the technological innovations in MIS instruments. For instance, Tianjin University (China) has developed a minimally invasive robotic system, Micro Hand S which has successfully performed clinical surgery in 2015. The surgeries were performed at the Third Xiangya Hospital of Central South University for gastric perforation repair and an appendectomy.

According to the University, there are three ways that make Micro Hand S superior to other foreign surgical robots. Firstly, it has finer and highly independent cable transmission, which is capable of being slip-resistant and fixed. This enables to offer a better longer life and precision. Secondly, the sensitivity and position of the robot can be adjusted according to the requirement of doctors. Thirdly, they have utilized a different kind of isomorphic control modeling technology that enables highly precise hand-eye - instrument motion consistency in a 3D visual environment. Moreover, the mechanical arm of the robot can swing and rotate freely within 360 degrees that enables to perform the more detailed and accurate procedure.

The camera lens utilized inside of the human body is highly detailed compared to any human eye that provides ten times more precision and detail. In addition, the breakthrough 3D imaging technology enables to make the surgery location more accurate. The doctors can gain patient’s data at any time with virtual haptic feedback sensitivity technology and adjust the robotic scheme to meet their requirements. The doctor can finish the surgery by computer remote control and without the support of multiple doctors. Such kinds of innovations demonstrate the country's focus toward robotic-assisted surgeries. As a result, technological innovations are expected to play a vital role to expand the opportunity for robotic-assisted surgeries in the country.

The major players in the market include Abbott Laboratories, Inc., 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 July 2018, Terumo Corporation entered into an agreement to acquire Essen Technology (Beijing) Co., Ltd., a Chinese medical device company. Essen is a manufacturer of drug-eluting stents and the acquisition will enable Terumo to expand its interventional systems business in China.

Research Methodology:

The market study of the China minimally invasive surgical 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. China Minimally Invasive Surgical Instruments Market Research and Analysis by Product
2. China Minimally Invasive Surgical Instruments Market Research and Analysis by Technology
3. China Minimally Invasive Surgical Instruments Market Research and Analysis by Application

The Report Covers:
  • Comprehensive Research Methodology of the China minimally invasive surgical 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 China minimally invasive surgical market.
  • Insights about market determinants which are stimulating the China minimally invasive surgical 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.
  • Boston Scientific Corp.
  • Edwards Lifesciences Corp.
  • Johnson & Johnson Services, Inc.
  • Koninklijke Philips N.V.
  • Medtronic plc
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Stryker Corp.
  • Teleflex, Inc.
  • Terumo Medical Corp.
Note: Product cover images may vary from those shown