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Press Release

Minimally Invasive Surgery Equipments Market Trends, Vendor Landscape Analysis & Forecast 2026

The latest research, Minimally Invasive Surgery Equipments Market allows companies and individuals learn more about the yesteryears, present and potential buyers in the Minimally Invasive Surgery Equipments market for the forecast period, 2018 to 2026.

This press release was orginally distributed by SBWire

New York, NY -- (SBWIRE) -- 02/12/2019 -- Most importantly, the study enables business owners to understand and make better business decisions by pinpointing the current demands and needs of the consumers. The collection of data with an aim to offer clarity on consumer behaviour in a particular region where the Minimally Invasive Surgery Equipments market players operate makes the report more valuable. Apart from this, the study evaluates the competitors in a specific country. Another critical aspect that is covered by this literature on Minimally Invasive Surgery Equipments market is the effective assessment of small marketing campaigns.

"North America is the leading contributor to the global minimally invasive surgical systems market. In 2017, the contribution in terms of revenue of North America to the global minimally invasive surgical systems market was valued approximately $9.31 billion, which is anticipated to grow at a double-digit CAGR of 12.86% during the forecast period. This high growth rate in the region can be attributed to the rising patient demand for minimally invasive surgeries, technological developments, and perceived benefits of MIS surgeries (such as quick recovery, fewer scars and pain, and fewer post-operative complications), among others."

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The major manufacturers covered in this report:
- GE Healthcare
- Siemens Healthcare
- Philips Healthcare
- Medtronic
- Stryker
- Zimmer Biomet
- Abbott
- Johnson & Johnson
- Smith & Nephew
- Boston Scientific
- Olympus

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
- North America
- Europe
- China
- Japan
- Southeast Asia
- India

The research further holds ample information to enable stakeholders in their decision-making process, especially associated with problem identification, finding the best solutions as well as opportunities in the Minimally Invasive Surgery Equipments market for the forecast period, 2018 to 2026. The study further document marketing benchmarks that a business owner is expected to complete in order to sustain in the highly saturated market. Besides, the marketing efforts and constant improvements introduced to the marketing strategy by major vendors' forms an important part of the study.

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Robotic MIS Instruments
- Non-Robotic Hand Guided Assistance Systems

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- Cardiothoracic Surgery
- Vascular Surgery
- Cosmetic/Bariatric Surgery
- Gastrointestinal Surgery
- Gynecological Surgery
- Urological Surgery
- Orthopedic Surgery
- Others (ENT/Respiratory Surgery, Neurological Surgery, Dental Surgery, and Pediatric Surgery)

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The report not only empowers companies and individuals to understand the key characteristics of the target market but also the communication preferences. The audience can get the estimated size according to the number of sales in a specific region. By offering access to insights about the profit margin the study aims at improving the communication between the companies and potential customers. Armed with all required information on the recent development in the competitive landscape such as a joint venture, collaboration, acquisition and merger and product launch the study enables business owners to build a strong profile of their best buyers.

Key Stakeholders
Minimally Invasive Surgery Equipments Manufacturers
Minimally Invasive Surgery Equipments Distributors/Traders/Wholesalers
Minimally Invasive Surgery Equipments Subcomponent Manufacturers
Industry Association
Downstream Vendors
Available Customizations

In this study, the years considered to estimate the market size of Minimally Invasive Surgery Equipments are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2026

The study objectives of this report are:
- To analyse and study the global Minimally Invasive Surgery Equipments capacity, production, value, consumption, status (2013-2017) and forecast (2018-2026);
- Focuses on the key Minimally Invasive Surgery Equipments manufacturers, to study the capacity, production, value, market share and development plans in future.
- Focuses on the global key manufacturers, to define, describe and analyse the market competition landscape, SWOT analysis.
- To define, describe and forecast the market by type, application and region.
- To analyse the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To analyse the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically profile the key players and comprehensively analyse their growth strategies.

Research Highlights:
- As of 2018, the global number of surgical procedures has grown by nearly 15% primarily due to the extensive usage of da Vinci assisted general surgical procedures and continued growth in urology in Europe and Asia region, followed by multi-specialty procedure growth in China. The growth in the general surgery procedures is further increased due to the rising demand for hernia repair and colon resection procedures.
- Intuitive Medical is currently leading the surgical robotics market space, occupying approximately 70% of the market. The company's da Vinci surgical system has significantly propelled the number of procedures globally, thus expanding the addressable market.
- In 2017, the revenue generated by the global conventional minimally invasive surgical equipment market was approximately $18.87 billion, which expected to grow at a CAGR of 4.90% during the forecast period. The growth in this field is majorly coming from the North America region which has an estimated addressable market of nearly $6.83 billion, contributing to nearly 34% of the overall market. Within the North America region, almost 92% of the market is dominated by the U.S. primarily due to the rising number of laparoscopic procedures performed in the nation. In 2017 alone, there were more than 3.4 million procedures performed across the U.S. with California, Texas, and Florida having the highest number of procedures. Olympus, Covidien, Ethicon, and Karl Storz are some of the significant players in the U.S market.
- Endoscopy is the largest product category for the global conventional minimally invasive surgical systems market contributing to approximately $10.33 billion, which is anticipated to grow at a CAGR of 3.60% during the forecast period. However, the major growth segment is capsule endoscopy which would grow at a double-digit CAGR of 10.00% during the forecast period. The high growth rate can be attributed to a large number of colorectal cancer (CRC) screening programs conducted across many developed regions such as North America and Europe.
- A majority of conventional surgical instruments are incapable of providing high-quality image/video of the affected region, imposing difficulties in the case of complicated surgeries. On the contrary, robotic surgery makes it easier for the surgeons to carry out complex procedures with comparatively much smaller incisions (0.5-1 mm). Furthermore, robotic surgeries can significantly improve patient outcomes and reduce the number of inpatient stays for a patient.

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