The market for Minimally Invasive Surgery (MIS) devices in Brazil is majorly driven by factors such as higher acceptance rate of minimally invasive procedures over traditional procedures, increasing prevalence of lifestyle-related and chronic disorders, and technological advancements in the MIS devices.
Minimally invasive surgeries (MIS) have been reported to cause less post-operative pain, and hence, receive smaller dosages of pain killers. As there are no cuts or stitches involved, the hospital stay is relatively shorter, and patients are not required to visit the hospital, frequently. Traditional open surgeries involve long incisions that have to be made through muscle, and these muscles take significant time to heal; whereas, MIS procedures involve smaller incisions leading to a quicker recovery. Moreover, the body scars involved in MIS are barely noticeable.
The prime advantage that MIS has over traditional open surgeries is the higher precision, owing to video-assisted equipment involved, which generate better and magnified images of the organs or body parts that are operated, and also wider acceptance rate in the old adult population, due to the relatively shorter recovery time.
These benefits and the increasing patient acceptance and preference over traditional open surgeries are driving the minimally invasive surgery devices market in Brazil.
Key Market Trends
Application in Aesthetics is expected to be the Fastest Growing Segment over the Forecast Period
Minimally invasive aesthetic procedures are a growing in day-to-day clinical routine. Plastic surgeons are also becoming more willing to explore them, and minimally invasive cosmetic and aesthetic procedures are now an established interdisciplinary topic. Many procedures like minimally invasive fat reduction and facelift procedures have become popular in countries like Brazil, where most aesthetic surgical procedures were done in 2017, as per a 2017 report by the International Society of Aesthetic Plastic Surgery.
Moreover, as per a 20147 report by the International Society of Aesthetic Plastic Surgery, the number of these procedures have been increasing every year. In 2016, there were a total of 2,324,245 aesthetic procedures in Brazil, which increased to 2,427,535 in 2017. Hence it is expected that the demand for minimally invasive aesthetic procedures will also grow. This will help the market growth.
Competitive Landscape
The market studied is moderately consolidated, owing to the presence of a few key players in the market. The companies are focusing on the technological advancement of devices, in order to gain significant market share. Some of the market players are Abbott Laboratories, GE Healthcare, Intuitive Surgical Inc., Koninklijke Philips NV, Medtronic Plc, Olympus Corporation, Siemens Healthineers, Smith & Nephew, Stryker Corporation, and Zimmer Biomet.
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Minimally invasive surgeries (MIS) have been reported to cause less post-operative pain, and hence, receive smaller dosages of pain killers. As there are no cuts or stitches involved, the hospital stay is relatively shorter, and patients are not required to visit the hospital, frequently. Traditional open surgeries involve long incisions that have to be made through muscle, and these muscles take significant time to heal; whereas, MIS procedures involve smaller incisions leading to a quicker recovery. Moreover, the body scars involved in MIS are barely noticeable.
The prime advantage that MIS has over traditional open surgeries is the higher precision, owing to video-assisted equipment involved, which generate better and magnified images of the organs or body parts that are operated, and also wider acceptance rate in the old adult population, due to the relatively shorter recovery time.
These benefits and the increasing patient acceptance and preference over traditional open surgeries are driving the minimally invasive surgery devices market in Brazil.
Key Market Trends
Application in Aesthetics is expected to be the Fastest Growing Segment over the Forecast Period
Minimally invasive aesthetic procedures are a growing in day-to-day clinical routine. Plastic surgeons are also becoming more willing to explore them, and minimally invasive cosmetic and aesthetic procedures are now an established interdisciplinary topic. Many procedures like minimally invasive fat reduction and facelift procedures have become popular in countries like Brazil, where most aesthetic surgical procedures were done in 2017, as per a 2017 report by the International Society of Aesthetic Plastic Surgery.
Moreover, as per a 20147 report by the International Society of Aesthetic Plastic Surgery, the number of these procedures have been increasing every year. In 2016, there were a total of 2,324,245 aesthetic procedures in Brazil, which increased to 2,427,535 in 2017. Hence it is expected that the demand for minimally invasive aesthetic procedures will also grow. This will help the market growth.
Competitive Landscape
The market studied is moderately consolidated, owing to the presence of a few key players in the market. The companies are focusing on the technological advancement of devices, in order to gain significant market share. Some of the market players are Abbott Laboratories, GE Healthcare, Intuitive Surgical Inc., Koninklijke Philips NV, Medtronic Plc, Olympus Corporation, Siemens Healthineers, Smith & Nephew, Stryker Corporation, and Zimmer Biomet.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abbott Laboratories
- GE Healthcare
- Intuitive Surgical Inc.
- Koninklijke Philips NV
- Medtronic Plc
- Olympus Corporation
- Siemens Healthineers
- Smith & Nephew
- Zimmer Biomet
- Stryker Corporation
Methodology
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