Global Minimally Invasive Surgical Instruments Market (2021-2026) by Product, Application, End-User, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Minimally Invasive Surgical Instruments Market is estimated to be USD 22.73 Bn in 2021 and is expected to reach USD 37.89 Bn by 2026, growing at a CAGR of 10.76%.

Market Dynamics

The growing prevalence of surgeries and increasing popularity of minimally invasive surgeries due to the associated benefits such as smaller incisions, less trauma, increased accuracy, and shorter recovery time have led to high demand for minimally invasive surgical instruments, driving the market growth. Besides, the innovations in medical device technologies and new materials enabling changes in instrument construction, such as the use of memory metals to make heat-activated scissors or forceps, are anticipated to create lucrative opportunities for the market.

However, factors such as the high costs of the instruments and the risks associated with improper sterilization procedures are likely to restrain the market growth. Moreover, the lack of skilled surgeons is a key challenge to the market.

Market Segmentation

The Global Minimally Invasive Surgical Instruments Market is segmented further based on Product, Application, End-User, and Geography.

By Product Type, the market is classified into Energy Devices, Handheld Instruments, Inflation Systems, Access Devices, Suction/Irrigation Systems, Laparoscopes, Cutter Instruments, Guiding Devices, Closure Devices, and Accessories.

By Application, the market is classified as Cardiothoracic Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Gynecological Surgery, Cosmetic/Bariatric Surgery, Vascular Surgery, Urological Surgery, and Others.

By End User, the market is classified as Hospitals, Ambulatory Surgery Center & Clinics, and Others.

By Geography, North America is projected to lead the market.

Recent Developments

1. Siemens Healthineers has launched the Cios Flow1 to provide ease and efficiency in managing imaging workflows for surgical interventions.. - 30th November 2020
2. Abbott has launched a minimally invasive heart valve repair device through its clip delivery system for treating mitral regurgitation in the Indian market.. - 1st December 2020

Company Profiles

Some of the companies covered in this report are Medtronic, Ethicon, B. Braun, Smith & Nephew, Stryker, Abbott, Conmed, Applied Medical, Hoya, and Zimmer Biomet, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Minimally Invasive Surgical Instruments Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market