HOME › Press Releases › Marketsandmarkets: Global Minimally Invasive/ Non Invasive Market Worth $24.4 Billion By 2014
Marketsandmarkets: Global Minimally Invasive/ Non Invasive Market Worth $24.4 Billion By 2014
According to a new healthcare market research report ‘Global Minimally Invasive/Non Invasive Market (2009 - 2014)’, published by MarketsandMarkets (www.marketsandmarkets.com), in 2009, the global minimally invasive/ non invasive market is estimated to be approximately $16.4 billion and is expected to reach $24.4 billion by 2014 at a CAGR of 8.3%.
As the people are demanding more convenience such as painless treatment, and less post operative stay in surgeries, the market is set to evolve as a miniature instrument based surgery in the future, which will ensure further convenience in such type of surgeries. The introduction of capsule endoscopy is one such example. The minimally invasive surgery market is evolving towards more convenience for the patients and subsequent technological advancements.
In the minimally invasive product market (which includes surgical devices, monitoring and visualization system, endosurgical equipments, medical robotics, and electrosurgical equipments), medical robotics is the fastest growing segment which is expected to reach $1.1 billion by 2014 growing at a CAGR of 21.3%, while surgical device alone constitute approximately $11.3 billion in 2009, which is more than 65% of the entire market.
In the minimally invasive application market (which includes gastrointestinal surgery, gynecology surgery, urology surgery, cosmetic surgery, obesity surgery, thoracic surgery, cardiac surgery, vascular surgery, orthopaedic surgery, and other surgery), cardiac surgery forms the major share of this market with estimated annual revenue of $11.2 billion in 2009. While orthopedic surgery is the highest growing market with a CAGR of 12.9% for the period 2009 to 2014 mainly due to introduction of new technologies such as joint replacements and bio implants in such surgeries.
The report also covers the segmentation of the minimally invasive/ non invasive market by:
- Technology (Transcatheter surgery, laparoscopy surgery, non visual imaging and robotics)
- End user (Hospital surgical departments, outpatient surgery centers, group practices, individual surgeons, medical schools, and other users)
Analyst Briefings on 24th Sep 2009
The Medical Devices practice at MarketsandMarkets is pleased to announce its Analyst Briefing Presentation on the Global Minimally/Non-Invasive Surgery Market (2009-2014) market to be held on 24th Sep 2009. The briefing on the Global Minimally/Non-Invasive Surgery Market (2009-2014) will benefit the Minimally/Non-Invasive Surgical Equipment Manufacturers, hospital surgical departments, individual surgeons, outpatient surgery centers, contract research organizations, medical device/healthcare associations, research labs, healthcare service providers, regulatory authorities, and technology providers.
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MarketsandMarkets is a research and consulting firm that publishes 120 market research reports per year. Each strategically analyzed report contains 250 pages of valuable market data, including more than 100 market data summary tables and in-depth, five-level segmentation for each of the products, services, applications, technologies, ingredients and stakeholders categories. Our reports also analyze about 200 patents, over 50 companies and micro markets that are mutually exclusive and collectively exhaustive. Browse all our 120 titles at www.marketsandmarkets.com.
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