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Chile Minimally Invasive Surgical Instruments Market Size, Share & Trends Analysis Report By Device (Handheld Instruments, Electrosurgical Devices), By Application (Orthopedic, Cosmetic), And Segment Forecasts, 2021 - 2028

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    Report

  • 50 Pages
  • September 2021
  • Region: Chile
  • Grand View Research
  • ID: 5440544
Description Jump to:

The Chile minimally invasive surgical instruments market size is expected to reach USD 101.4 million by 2028, according to a new report by the publisher. It is expected to expand at a CAGR of 8.9% from 2021 to 2028. Minimally invasive surgery is highly efficient as it enables the surgeons to use advanced technology and surgical techniques during surgery in a less harmful manner. It reduces the number and size of incisions made, lowering the risk of complications and damage to surrounding muscle and tissue. The improving healthcare infrastructure and the ease with which the instruments are accessible are contributing to the market growth. In addition, the growing geriatric population is expected to boost the market growth. For instance, as per the Ministry of Foreign Affairs, Chile’s population over age 65 is expected to reach 24.9% by 2050.



Minimally invasive surgery (MIS) has become the standard of treatment in almost every field owing to advancements in technology and methodologies. MIS offers reduced pain, increased accuracy, quicker recovery, shorter length of hospital stay, decreased risk of infection, lower incidence of post-surgery complications, and overall improved quality of life compared to conventional open surgeries.

In Chile, as budgets allow, hospitals exhibit a willingness to invest in the highest-quality products available. For medical devices and supplies, Chile is 95% reliant on imports. The medical device market in Chile is competitive, with numerous companies from around the world easily finding their way in. In addition, the rise in public hospital infrastructure will create an increased demand for minimally invasive surgical instruments as the Chilean government will invest large sums in hospital construction in the future years. However, longer surgery wait times and inequalities in healthcare access are anticipated to hinder the growth of the Chilean market for minimally invasive surgical devices.


Chile Minimally Invasive Surgical Instruments Market Report Highlights

  • By device, the handheld instruments segment accounted for a leading revenue share in 2020 owing to its higher precision and versatility
  • The electrosurgical devices segment is expected to grow at a significant rate during the forecast period
  • Based on application, the orthopedic segment accounted for the largest revenue share in 2020 owing to the effectiveness of MIS in this application
  • The cosmetic application segment is predicted to witness the fastest growth over the forecast period on account of the rising demand for technologically improved minimally invasive equipment


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Device
1.1.2. Application
1.1.3. Segment scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.6.2. Volume price analysis (Model 2)
1.6.2.1. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective 1
1.9.2. Objective 2
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Device outlook
2.2.2. Application outlook
2.3. Competitive Insights
Chapter 3. Chile Minimally Invasive Surgical Instruments Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Reimbursement framework
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Improving health infrastructure
3.4.1.2. Ageing population
3.4.1.3. Ease of market access
3.4.2. Market restraint analysis
3.4.2.1. Long waiting time for surgeries
3.4.2.2. Inequality in healthcare accessibility
3.5. Chile Minimally Invasive Surgical Instruments Market Analysis Tools
3.5.1. Industry Analysis – Porter’s
3.5.1.1. Supplier power
3.5.1.2. Buyer power
3.5.1.3. Substitution threat
3.5.1.4. Threat of new entrant
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political landscape
3.5.2.2. Technological landscape
3.5.2.3. Economic landscape
3.5.3. Major Deals & Strategic Alliances Analysis
3.5.4. Market Entry Strategies
Chapter 4. Chile Minimally Invasive Surgical Instruments Market: Device Estimates & Trend Analysis
4.1. Definitions and Scope
4.1.1. Handheld instruments
4.1.2. Inflation devices
4.1.3. Cutter instruments
4.1.4. Guiding devices
4.1.5. Electrosurgical devices
4.1.6. Auxiliary devices
4.1.7. Monitoring & Visualization devices
4.2. Device Market Share, 2020 & 2028
4.3. Segment Dashboard
4.4. Chile Minimally Invasive Surgical Instruments Market by Device Outlook
4.5. Market Size & Forecasts and Trend Analyses, 2016 to 2028 for the following
4.5.1. Handheld instruments
4.5.1.1. Handheld instruments market estimates and forecast 2016 to 2028 (USD Million)
4.5.2. Inflation devices
4.5.2.1. Inflation devices market estimates and forecast 2016 to 2028 (USD Million)
4.5.3. Cutter instruments
4.5.3.1. Cutter instruments market estimates and forecast 2016 to 2028 (USD Million
4.5.4. Guiding devices
4.5.4.1. Guiding devices market estimates and forecast 2016 to 2028 (USD Million)
4.5.5. Electrosurgical devices
4.5.5.1. Electrosurgical devices market estimates and forecast 2016 to 2028 (USD Million)
4.5.6. Auxiliary devices
4.5.6.1. Auxiliary devices market estimates and forecast 2016 to 2028 (USD Million)
4.5.7. Monitoring & Visualization Devices
4.5.7.1. Monitoring & Visualization market estimates and forecast 2016 to 2028 (USD Million)
Chapter 5. Chile Minimally Invasive Surgical Instruments Market: Application Estimates & Trend Analysis
5.1. Definitions and Scope
5.1.1. Cardiac
5.1.2. Gastrointestinal
5.1.3. Orthopedic
5.1.4. Vascular
5.1.5. Gynecological
5.1.6. Urological
5.1.7. Thoracic
5.1.8. Cosmetic
5.1.9. Dental
5.1.10. Others
5.2. Application Market Share, 2020 & 2028
5.3. Segment Dashboard
5.4. Chile Minimally Invasive Surgical Instruments Market by Application Outlook
5.5. Market Size & Forecasts and Trend Analyses, 2016 to 2028 for the following
5.5.1. Cardiac
5.5.1.1. Cardiac market estimates and forecast 2016 to 2028 (USD million)
5.5.2. Gastrointestinal
5.5.2.1. Gastrointestinal market estimates and forecast 2016 to 2028 (USD Million)
5.5.3. Orthopedic
5.5.3.1. Orthopedic market estimates and forecast 2016 to 2028 (USD million)
5.5.4. Vascular
5.5.4.1. Vascular market estimates and forecast 2016 to 2028 (USD Million)
5.5.5. Gynecological
5.5.5.1. Gynecological market estimates and forecast 2016 to 2028 (USD million)
5.5.6. Urological
5.5.6.1. Urological market estimates and forecast 2016 to 2028 (USD Million)
5.5.7. Thoracic
5.5.7.1. Thoracic market estimates and forecast 2016 to 2028 (USD million)
5.5.8. Cosmetic
5.5.8.1. Cosmetic market estimates and forecast 2016 to 2028 (USD Million)
5.5.9. Dental
5.5.9.1. Dental market estimates and forecast 2016 to 2028 (USD million)
5.5.10. Others
5.5.10.1. Others market estimates and forecast 2016 to 2028 (USD Million)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company/Competition Categorization
6.2.1. Innovators
6.3. Vendor Landscape
6.3.1. List of key distributors and channel partners
6.3.2. Key customers
6.3.3. Key company market share analysis, 2020
6.3.4. Medtronic
6.3.4.1. Company overview
6.3.4.2. Financial performance
6.3.4.3. Product benchmarking
6.3.4.4. Strategic initiatives
6.3.5. Stryker
6.3.5.1. Company overview
6.3.5.2. Financial performance
6.3.5.3. Product benchmarking
6.3.5.4. Strategic initiatives
6.3.6. Smith & Nephew
6.3.6.1. Company overview
6.3.6.2. Financial performance
6.3.6.3. Product benchmarking
6.3.6.4. Strategic initiatives
6.3.7. Abbott
6.3.7.1. Company overview
6.3.7.2. Financial performance
6.3.7.3. Product benchmarking
6.3.7.4. Strategic initiatives
6.3.8. CONMED
6.3.8.1. Company Overview
6.3.8.2. Financial performance
6.3.8.3. Product benchmarking
6.3.8.4. Strategic initiatives
6.3.9. Zimmer Biomet
6.3.9.1. Company overview
6.3.9.2. Financial performance
6.3.9.3. Product benchmarking
6.3.9.4. Strategic initiatives
6.3.10. Intuitive Surgical, Inc.
6.3.10.1. Company overview
6.3.10.2. Financial performance
6.3.10.3. Product benchmarking
6.3.10.4. Strategic initiatives
List of Tables
Table 1 List of Abbreviation
Table 2 List of key distributors
Table 3 List of key emerging companies /technology disruptors/innovators
Table 4 Chile minimally invasive surgical instruments market, by device, 2016 - 2028 (USD Million)
Table 5 Chile minimally invasive surgical instruments market, by application, 2016 - 2028 (USD Million)
List of Figure
Figure 1 Market research process
Figure 2 Data triangulation techniques
Figure 3 Primary research pattern
Figure 4 Market research approaches
Figure 5 Value-chain-based sizing & forecasting
Figure 6 QFD modeling for market share assessment
Figure 7 Market formulation & validation
Figure 8 Chile minimally invasive surgical instruments market: market outlook
Figure 9 Chile minimally invasive surgical instruments market competitive insights
Figure 10 Parent market outlook
Figure 11 Related/ancillary market outlook
Figure 12 Penetration and growth prospect mapping
Figure 13 Industry value chain analysis
Figure 14 Chile minimally invasive surgical instruments market driver impact
Figure 15 Chile minimally invasive surgical instruments market restraint impact
Figure 16 Chile minimally invasive surgical instruments market strategic initiatives analysis
Figure 17 Chile minimally invasive surgical instruments market: device movement analysis
Figure 18 Chile minimally invasive surgical instruments market: device outlook and key takeaways
Figure 19 Handheld instruments market estimates and forecast, 2016 - 2028
Figure 20 Inflation devices market estimates and forecast, 2016 - 2028
Figure 21 Cutter instruments market estimates and forecast, 2016 - 2028
Figure 22 Guiding devices market estimates and forecast, 2016 - 2028
Figure 23 Electrosurgical devices market estimates and forecast, 2016 - 2028
Figure 24 Auxiliary devices market estimates and forecast, 2016 - 2028
Figure 25 Monitoring & visualization devices market estimates and forecast, 2016 - 2028
Figure 26 Chile minimally invasive surgical instruments market: application movement analysis
Figure 27 Chile minimally invasive surgical instruments market: application outlook and key takeaways
Figure 28 Cardiac market estimates and forecast, 2016 - 2028
Figure 29 Gastrointestinal market estimates and forecast, 2016 - 2028
Figure 30 Orthopedic market estimates and forecast, 2016 - 2028
Figure 31 Vascular market estimates and forecast, 2016 - 2028
Figure 32 Gynecological market estimates and forecast, 2016 - 2028
Figure 33 Urological market estimates and forecast, 2016 - 2028
Figure 34 Thoracic market estimates and forecast, 2016 - 2028
Figure 35 Cosmetic market estimates and forecast, 2016 - 2028
Figure 36 Dental market estimates and forecast, 2016 - 2028
Figure 37 Others market estimates and forecast, 2016 - 2028
Figure 38 Participant categorization- Chile minimally invasive surgical instruments market

Companies Mentioned

  • Medtronic
  • Stryker
  • Smith & Nephew
  • Abbott
  • CONMED
  • Zimmer Biomet
  • Intuitive Surgical, Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages50
PublishedSeptember 2021
Forecast Period2020 - 2028
Estimated Market Value ( USD ) in 2020 $ 51 Million
Forecasted Market Value ( USD ) by 2028 $ 101.4 Million
Compound Annual Growth Rate9.0%
Regions CoveredChile
No. of Companies Mentioned7

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