Minimally Invasive Surgery Market To 2020 – Industry Analysis, Trends: Grand View Research, Inc.
The healthcare sector is witnessing a transition from the conventional surgery to minimally invasive surgery. This transition was initiated with the advent of laparoscopic surgery being accepted globally owing to the ease associated with it for both the clinicians and patients. Minimally invasive surgery is the next step of laparoscopic surgery, and is gaining momentum as a consequence of the better outcomes it provides in terms of post-operative pain. The patients return to functional activity quickly and have fewer complications during and post the surgical intervention. Thus, increasing awareness among the patient population towards less traumatic, minimal incision procedures and preventive healthcare is the major driver attributing the minimally invasive surgery market. Growth of minimally invasive surgery market can also be attributed to technological innovations in the field of telemedicine and medical robotics.
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The surgical devices segment is expected to grow at a lucrative rate during the forecast period owing to the extensive use of these devices while performing minimally invasive surgery. The cosmetic surgery segment is expected to capture significant market share in the coming six years as a consequence of increased spending by people for increasing the aesthetic appeal of their body. Regionally, North America has the largest revenue in the minimally invasive surgery market. This is attributed to presences of large patient pool ready to spend on technologically advanced procedures. The Asia Pacific market is expected to grow substantially during the forecast period in light rapid economic growth and improving healthcare infrastructure.
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Key companies operating in the minimally invasive surgery market include Intuitive Surgical Inc., Stryker Corporation, GE Healthcare, Biomet, Inc., and Medtronic Inc. These players are constantly putting efforts to introduce advanced and novel technology by investing huge amount of money on R&D activities.
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