Minimally Invasive Surgical Instruments Market

Minimally Invasive Surgical Instruments Market by Product (Handheld Instruments, Inflation Devices, Surgical Scopes), Type of Surgery (Cardiothoracic, Gastrointestinal), End User (Hospitals, Ambulatory Surgery Centers and Clinic) - Global Forecast to 2025

Report Code: MD 3177 Mar, 2020, by marketsandmarkets.com

[190 Pages Report] The global minimally invasive surgical instruments market is projected to reach USD 32.7 billion in 2025 from USD 20.1 billion in 2019, at a CAGR of 8.5% during the forecast period. Market growth is largely driven by factors such as the advantages of minimally invasive surgeries over traditional open surgeries and the increasing number of minimally invasive surgical procedures across the globe. However, the uncertain regulatory framework in the medical device industry is a major factor restraining the growth of this market during the forecast period.

Minimally Invasive Surgical Devices Market, by End User, 2016 (USD Million)

By product, handheld instruments accounted for the largest share of the MIS instruments market.

Handheld instruments accounted for the largest share of the MIS instruments market in 2018. The large share of this segment can be attributed to the increasing number of surgical procedures and the development of high-dexterity, low-cost articulating laparoscopic handheld surgical instruments.

By type of surgery, the cardiothoracic surgery segment accounted for the largest share of the market.

The cardiothoracic surgery segment accounted for the largest share of the MIS instruments market in 2018. The large share of this segment can be attributed to the rising prevalence of cardiac diseases, growing awareness about the benefits of early detection of cardiovascular complications, the growing number of coronary and percutaneous cardiology interventions, and increasing adoption of MIS instruments owing to their convenience and better results as compared to other techniques.

By end user, the hospitals segment accounted for the largest share of the market.

The hospitals segment accounted for the largest share of the MIS instruments market in 2018, due to the large number of minimally invasive surgical procedures performed in hospitals owing to the presence of highly skilled healthcare professionals.

Minimally Invasive Surgical Devices Market, by End User, 2016 (USD Million)

North America accounted for the largest share of the market.

The MIS instruments market is divided into four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2018, North America accounted for the largest share of the global MIS instruments market, closely followed by Europe. Factors such as the large volume of surgical procedures in North American countries due to early diagnosis and treatment, high cost of procedures as compared to developing regions, increasing number of surgical centers, and growing adoption of minimally invasive surgical techniques are driving the growth of the North American market during the forecast period.

The Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Factors such as the presence of a large patient pool undergoing surgical treatments, growing awareness about modern surgical instruments and techniques, and the implementation of various initiatives to reduce the rising healthcare expenditure in the Asia Pacific are the major growth drivers for this regional market.

Key Market Players

The major companies in the MIS instruments market include Medtronic plc (Ireland), Johnson & Johnson (US), Stryker Corporation (US), B. Braun Melsungen AG (Germany), Smith & Nephew plc (US), Boston Scientific Corporation (US), and CONMED Corporation (US).

Medtronic plc (Ireland) dominated the global MIS instruments market in 2018. The company focuses on product commercialization and R&D activities to maintain its leading position in the market. The key products offered by the company include handheld instruments such as surgical stapling devices, retractors, dissectors, trocars, vessel-sealing instruments, hernia mechanical devices, and electrosurgical instruments. The company strengthens its market position by expanding its product portfolio and improving its existing portfolio by adding advanced products. The company also focuses on acquiring other companies and entering into certain agreements with strong players in the market to gain a competitive edge. In 2019, the company partnered with KARL STORZ SE & Co. KG to integrate KARL STORZ's three-dimensional (3D) vision systems and visualization components into its forthcoming robotic-assisted surgical platform.

Scope of the Report

Report Metric

Details

Market Size Available for Years

2017–2025

Base Year Considered

2018

Forecast Period

2019–2025

Forecast Units

Values (USD Million)

Segments Covered

Product, Type of Surgery, End User, and Region

Geographies Covered

North America (US, Canada), Europe (Germany, UK, France, RoE), APAC, and RoW

Top Companies Covered

Medtronic plc (Ireland), Johnson & Johnson (US), B. Braun Melsungen AG (Germany), Stryker Corporation (US), Smith & Nephew plc (US), Boston Scientific Corporation (US), CONMED Corporation (US), The Cooper Companies Inc. (US), HOYA Corporation (Japan), Zimmer Biomet Holdings Inc. (US), Applied Medical Resources Corporation (US), Tecomet, Inc. (US), Surgical Innovations Group plc (UK), Becton, Dickinson and Company (US), Abbott Laboratories Inc. (US), Koninklijke Philips N.V. (US), FUJIFILM Holdings Corporation (Japan), Biolitec AG (Germany), KLS Martin Group (Germany), Scanlan International (US), OmniGuide Holdings, Inc. (US), Surge-on Medical B.V. (Netherlands), MJ Group (India), Alphatec Spine Inc. (US), KARL STORZ (Germany), and Progressive Medical, Inc. (US).

Based on products, the MIS instruments market is segmented as follows:

  • Handheld Instruments
    • Graspers
    • Retractors/Elevators
    • Suturing Instruments
    • Dilators
    • Other Handheld Instruments (Suction/Irrigation Tubes, Handheld Needles & Needle Holders, Forceps & Spatulas, Handpieces/Handles, and Fixation Devices)
  • Inflation Devices
    • Balloon
    • Balloon Inflation Devices
  • Surgical Scopes
  • Cutting Instruments
    • Trocars
    • Other Cutting Instruments
  • Guiding Devices
    • Guiding catheters
    • Guidewires
  • Electrosurgical & Electrocautery Instruments
    • Electrosurgical Instruments
    • Electrocautery Instruments
  • Other Instruments (Clamps, Insufflation Needles, Staplers, Cannulas, Clip Appliers, Access Systems, and Sealant Syringes)

Based on type of surgery, the MIS instruments market is segmented as follows:

  • Cardiothoracic Surgery
  • Gastrointestinal Surgery
  • Orthopedic Surgery
  • Gynecological Surgery
  • Cosmetic & Bariatric Surgery
  • Urological Surgery
  • Other Surgeries (Vascular, ENT, Respiratory, Neurological, Dental, and Pediatric Surgeries)

Based on end user, the MIS instruments market is segmented as follows:

  • Hospitals
  • Ambulatory Surgery Centers & Clinics

Based on Region, the MIS instruments market is segmented as follows:

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • RoE
  • Asia Pacific
  • RoW

Key questions addressed by the report:

  • Who are the major players in the MIS instruments market?
  • What are the regional growth trends and the largest revenue-generating regions in the MIS instruments market?
  • What are the major drivers and challenges in the MIS instruments market?
  • What are the major product segments in the MIS instruments market?
  • What are the major end users in the MIS instruments market?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
    2.2 Data Triangulation
    2.3 Market Estimation Methodology
    2.4 Market Growth Rate Projections
    2.5 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Minimally Invasive Surgical Instruments Market Overview
    4.2 North America: Market Share, By Product & Country (2019)
    4.3 Market, By Type of Surgery (2019 vs 2025)
    4.4 Market Share, By End User (2019)

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Benefits of Minimally Invasive Surgeries Over Traditional Open Surgeries
                    5.2.1.2 Increasing Number of Surgeries
           5.2.2 Restraints
                    5.2.2.1 Uncertain Regulatory Framework in the Medical Device Industry
                    5.2.2.2 Limited Reimbursement for Surgical Products
           5.2.3 Opportunities
                    5.2.3.1 Growth Opportunities in Emerging Markets
                    5.2.3.2 Growing Public-Private Initiatives to Support Research Activities on Minimally Invasive Surgical Instruments
           5.2.4 Challenges
                    5.2.4.1 Dearth of Skilled Surgeons

6 Minimally Invasive Surgical Instruments Market, By Product (Page No. - 41)
    6.1 Introduction
    6.2 Handheld Instruments
           6.2.1 Graspers
                    6.2.1.1 Increased Patient Safety and Better Reach Provided By Rotator Graspers to Drive Market Growth
           6.2.2 Retractors/Elevators
                    6.2.2.1 Growing Markets for Spinal, Orthopedic, and Endoscopic Surgical Procedures to Support the Increased Adoption of Retractors/Elevators
           6.2.3 Suturing Instruments
                    6.2.3.1 Need for Skilled Professionals for the Proper Placement of Sutures is A Major Challenge Faced in This Market
           6.2.4 Dilators
                    6.2.4.1 Without Proper Handling, Dilators Can Damage Muscles, Surrounding Healthy Organs, and Nerves—A Major Challenge
           6.2.5 Other Handheld Instruments
    6.3 Inflation Devices
           6.3.1 Balloons
                    6.3.1.1 Large Number of Angioplasty Procedures Carried Out Across the Globe to Drive the Growth of This Market Segment
           6.3.2 Balloon Inflation Devices
                    6.3.2.1 Growing Adoption of Advanced Balloon Inflation Devices Providing Safe Dilation With Minimum Mucosal Strain to Drive Growth in This Market
    6.4 Surgical Scopes
           6.4.1 Significant Increase in the Incidence of Chronic Diseases That Require Endoscopic Procedures to Drive Market Growth
    6.5 Cutting Instruments
           6.5.1 Trocars
                    6.5.1.1 Improved Trocar Designs Result in Reduced Complications—A Key Factor Driving Market Growth
           6.5.2 Other Cutting Instruments
    6.6 Guiding Devices
           6.6.1 Guiding Catheters
                    6.6.1.1 Availability of Customized Catheters for Specific Interventions is Driving the Growth of This Segment
           6.6.2 Guidewires
                    6.6.2.1 Adoption of Guidewires has Increased as A Result of Decreased Frequency of Exchange
    6.7 Electrosurgical & Electrocautery Instruments
           6.7.1 Electrosurgical Instruments
                    6.7.1.1 Electrosurgical Instruments to Grow at the Highest CAGR During the Forecast Period
           6.7.2 Electrocautery Devices
                    6.7.2.1 Increasing Number of Plastic Surgeries to Drive the Market for Electrocautery Devices
    6.8 Other Instruments

7 Minimally Invasive Surgical Instruments Market, By Type of Surgery (Page No. - 69)
    7.1 Introduction
    7.2 Cardiothoracic Surgery
           7.2.1 Cardiothoracic Surgery Forms the Largest Segment for Minimally Invasive Surgical Instruments
    7.3 Gastrointestinal Surgery
           7.3.1 Increasing Number of Laparoscopic Gastrointestinal Procedures to Drive Market Growth
    7.4 Orthopedic Surgery
           7.4.1 Growing Geriatric Population to Support the Growth of This Market Segment
    7.5 Gynecological Surgery
           7.5.1 Technological Advancements in MIS Treatments to Propel Market Growth
    7.6 Cosmetic & Bariatric Surgery
           7.6.1 Increased Focus on Aesthetics to Drive the Adoption of Minimally Invasive Procedures
    7.7 Urological Surgery
           7.7.1 Increasing Prevalence of Urologic Cancers to Drive the Adoption of MIS Instruments
    7.8 Other Surgeries

8 Minimally Invasive Surgical Instruments Market, By End User (Page No. - 78)
    8.1 Introduction
    8.2 Hospitals
           8.2.1 Hospitals Accounted for the Largest Share of the Market in 2018
    8.3 Ambulatory Surgery Centers & Clinics
           8.3.1 Advantages of Ambulatory Care have Boosted Patient Preference for ASC Treatment

9 Minimally Invasive Surgical Instruments Market, By Region (Page No. - 82)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 The US Dominated the North American MIS Instruments Market in 2018
           9.2.2 Canada
                    9.2.2.1 Growing Government Initiatives Towards Technological Advancements in MIS Techniques to Support Market Growth
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Well-Established Healthcare System in Germany Boosts the Use of Medical Devices, Including Minimally Invasive Surgical Instruments
           9.3.2 UK
                    9.3.2.1 High Incidence of Cancer in the UK to Boost the Growth of the MIS Instruments Market
           9.3.3 France
                    9.3.3.1 Increasing Number of Hip & Knee Surgeries to Drive Market Growth in France
           9.3.4 RoE
    9.4 Asia Pacific
    9.5 Rest of the World

10 Competitive Landscape (Page No. - 115)
     10.1 Introduction
     10.2 Market Ranking Analysis, 2018
     10.3 Right-To-Win
     10.4 Competitive Leadership Mapping
             10.4.1 Visionary Leaders
             10.4.2 Innovators
             10.4.3 Dynamic Differentiators
             10.4.4 Emerging Companies
     10.5 Competitive Scenario
             10.5.1 Key Product Launches & Approvals
             10.5.2 Key Acquisitions
             10.5.3 Key Partnerships, Agreements, Contracts, and Collaborations
             10.5.4 Key Expansions

11 Company Profiles (Page No. - 121)
(Business Overview, Products Offered, Recent Developments & MnM View)*
     11.1 Medtronic PLC
     11.2 Johnson & Johnson
     11.3 Stryker Corporation
     11.4 B. Braun Melsungen AG
     11.5 CONMED Corporation
     11.6 Smith & Nephew PLC
     11.7 Abbott Laboratories
     11.8 Zimmer Biomet Holdings, Inc.
     11.9 Boston Scientific Corporation
     11.10 Becton, Dickinson and Company
     11.11 HOYA Corporation
     11.12 The Cooper Companies, Inc.
     11.13 Surgical Innovations Group PLC
     11.14 Omniguide Holdings Inc.
     11.15 Applied Medical Resources Corporation
*Details on Business Overview, Products Offered, Recent Developments & MnM View Might Not Be Captured in Case of Unlisted Companies.
     11.16 Other Companies
             11.16.1 Karl Storz
             11.16.2 Koninklijke Philips N.V.
             11.16.3 FUJIFILM Holdings Corporation
             11.16.4 KLS Martin
             11.16.5 Scanlan International Inc.
             11.16.6 Biolitec AG

12 Appendix (Page No. - 183)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (129 Tables)

Table 1 Minimally Invasive Surgical Procedures, By Country, 2014 vs 2016
Table 2 Minimally Invasive Surgical Instruments Market, By Product, 2017–2025 (USD Million)
Table 3 Market, By Type, 2017–2025 (USD Million)
Table 4 Market, By Type, 2017–2025 (Thousand Units)
Table 5 Handheld Instruments Market, By Region, 2017–2025 (USD Million)
Table 6 North America: Handheld Instruments Market, By Country, 2017–2025 (USD Million)
Table 7 Handheld Instruments Market, By Type, 2017–2025 (USD Million)
Table 8 Graspers Market, By Region, 2017–2025 (USD Million)
Table 9 North America: Graspers Market, By Country, 2017–2025 (USD Million)
Table 10 Retractors/Elevators Market, By Region, 2017–2025 (USD Million)
Table 11 North America: Retractors/Elevators Market, By Country, 2017–2025 (USD Million)
Table 12 Suturing Instruments Market, By Region, 2017–2025 (USD Million)
Table 13 North America: Suturing Instruments Market, By Country, 2017–2025 (USD Million)
Table 14 Dilators Market, By Region, 2017–2025 (USD Million)
Table 15 North America: Dilators Market, By Country, 2017–2025 (USD Million)
Table 16 Other Handheld Instruments Market, By Region, 2017–2025 (USD Million)
Table 17 North America: Other Handheld Instruments Market, By Country, 2017–2025 (USD Million)
Table 18 Inflation Devices Market, By Type, 2017–2025 (USD Million)
Table 19 Inflation Devices Market, By Region, 2017–2025 (USD Million)
Table 20 North America: Inflation Devices Market, By Country, 2017–2025 (USD Million)
Table 21 Balloons Market, By Region, 2017–2025 (USD Million)
Table 22 North America: Balloons Market, By Country, 2017–2025 (USD Million)
Table 23 Balloon Inflation Devices Market, By Region, 2017–2025 (USD Million)
Table 24 North America: Balloon Inflation Devices Market, By Country, 2017–2025 (USD Million)
Table 25 Surgical Scopes Used in Minimally Invasive Surgeries
Table 26 Surgical Scopes Market, By Region, 2017–2025 (USD Million)
Table 27 North America: Surgical Scopes Market, By Country, 2017–2025 (USD Million)
Table 28 Surgical Scopes Market, By Type, 2017–2025 (USD Million)
Table 29 Surgical Scopes Market, By Type, 2017–2025 (Units)
Table 30 Cutting Instruments Market, By Region, 2017–2025 (USD Million)
Table 31 North America: Cutting Instruments Market, By Country, 2017–2025 (USD Million)
Table 32 Cutting Instruments Market, By Type, 2017–2025 (USD Million)
Table 33 Trocars Market, By Region, 2017–2025 (USD Million)
Table 34 North America: Trocars Market, By Country, 2017–2025 (USD Million)
Table 35 Other Cutting Instruments Market, By Region, 2017–2025 (USD Million)
Table 36 North America: Other Cutting Instruments Market, By Country, 2017–2025 (USD Million)
Table 37 Guiding Devices Market, By Type, 2017–2025 (USD Million)
Table 38 Guiding Devices Market, By Region, 2017–2025 (USD Million)
Table 39 North America: Guiding Devices Market, By Country, 2017–2025 (USD Million)
Table 40 Surgical Interventions and Guiding Catheters
Table 41 Guiding Catheters Market, By Region, 2017–2025 (USD Million)
Table 42 North America: Guiding Catheters Market, By Country, 2017–2025 (USD Million)
Table 43 Guidewires Market, By Region, 2017–2025 (USD Million)
Table 44 North America: Guidewires Market, By Country, 2017–2025 (USD Million)
Table 45 Electrosurgical & Electrocautery Instruments Market, By Type, 2017–2025 (USD Million)
Table 46 Electrosurgical & Electrocautery Instruments Market, By Region, 2017–2025 (USD Million)
Table 47 North America: Electrosurgical & Electrocautery Instruments Market, By Country, 2017–2025 (USD Million)
Table 48 Electrosurgical Instruments Market, By Region, 2017–2025 (USD Million)
Table 49 North America: Electrosurgical Instruments Market, By Country, 2017–2025 (USD Million)
Table 50 Electrocautery Instruments Market, By Region, 2017–2025 (USD Million)
Table 51 North America: Electrocautery Instruments Market, By Country, 2017–2025 (USD Million)
Table 52 Other Instruments Market, By Region, 2017–2025 (USD Million)
Table 53 North America: Other Instruments Market, By Country, 2017–2025 (USD Million)
Table 54 Minimally Invasive Surgical Instruments Market, By Type of Surgery, 2017–2025 (USD Million)
Table 55 Market for Cardiothoracic Surgery, By Region, 2017–2025 (USD Million)
Table 56 North America: Market for Cardiothoracic Surgery, By Country, 2017–2025 (USD Million)
Table 57 Market for Gastrointestinal Surgery, By Region, 2017–2025 (USD Million)
Table 58 North America: Market for Gastrointestinal Surgery, By Country, 2017–2025 (USD Million)
Table 59 Minimally Invasive Surgical Instruments Market for Orthopedic Surgery, By Region, 2017–2025 (USD Million)
Table 60 North America: Market for Orthopedic Surgery, By Country, 2017–2025 (USD Million)
Table 61 Market for Gynecological Surgery, By Region, 2017–2025 (USD Million)
Table 62 North America: Market for Gynecological Surgery, By Country, 2017–2025 (USD Million)
Table 63 Market for Cosmetic & Bariatric Surgery, By Region, 2017–2025 (USD Million)
Table 64 North America: Minimally Invasive Surgical Instruments Market for Cosmetic & Bariatric Surgery, By Country, 2017–2025 (USD Million)
Table 65 Market for Urological Surgery, By Region, 2017–2025 (USD Million)
Table 66 North America: Market for Urological Surgery, By Country, 2017–2025 (USD Million)
Table 67 Market for Other Surgeries, By Region, 2017–2025 (USD Million)
Table 68 North America: Market for Other Surgeries, By Country, 2017–2025 (USD Million)
Table 69 Market, By End User, 2017–2025 (USD Million)
Table 70 Market for Hospitals, By Region, 2017–2025 (USD Million)
Table 71 North America: Market for Hospitals, By Country, 2017–2025 (USD Million)
Table 72 Market for Ambulatory Surgery Centers & Clinics, By Region, 2017–2025 (USD Million)
Table 73 North America: Minimally Invasive Surgical Instruments Market for Ambulatory Surgery Centers & Clinics, By Country, 2017–2025 (USD Million)
Table 74 Market, By Region, 2017–2025 (USD Million)
Table 75 North America: Market, By Country, 2017–2025 (USD Million)
Table 76 North America: Market, By Product, 2017–2025 (USD Million)
Table 77 North America: Handheld Instruments Market, By Type, 2017–2025 (USD Million)
Table 78 North America: Inflation Devices Market, By Type, 2017–2025 (USD Million)
Table 79 North America: Cutting Instruments Market, By Type, 2017–2025 (USD Million)
Table 80 North America: Guiding Devices Market, By Type, 2017–2025 (USD Million)
Table 81 North America: Electrosurgical & Electrocautery Instruments Market, By Type, 2017–2025 (USD Million)
Table 82 North America: Minimally Invasive Surgical Instruments Market, By Type of Surgery, 2017–2025 (USD Million)
Table 83 North America: Market, By End User, 2017–2025 (USD Million)
Table 84 US: Market, By Product, 2017–2025 (USD Million)
Table 85 US: Handheld Instruments Market, By Type, 2017–2025 (USD Million)
Table 86 US: Inflation Devices Market, By Type, 2017–2025 (USD Million)
Table 87 US: Cutting Instruments Market, By Type, 2017–2025 (USD Million)
Table 88 US: Guiding Devices Market, By Type, 2017–2025 (USD Million)
Table 89 US: Electrosurgical & Electrocautery Instruments Market, By Type, 2017–2025 (USD Million)
Table 90 US: Market, By Type of Surgery, 2017–2025 (USD Million)
Table 91 US: Market, By End User, 2017–2025 (USD Million)
Table 92 Canada: Minimally Invasive Surgical Instruments Market, By Product, 2017–2025 (USD Million)
Table 93 Canada: Handheld Instruments Market, By Type, 2017–2025 (USD Million)
Table 94 Canada: Inflation Devices Market, By Type, 2017–2025 (USD Million)
Table 95 Canada: Cutting Instruments Market, By Type, 2017–2025 (USD Million)
Table 96 Canada: Guiding Devices Market, By Type, 2017–2025 (USD Million)
Table 97 Canada: Electrosurgical & Electrocautery Instruments Market, By Type, 2017–2025 (USD Million)
Table 98 Canada: Minimally Invasive Surgical Instruments Market, By Type of Surgery, 2017–2025 (USD Million)
Table 99 Canada: Market, By End User, 2017–2025 (USD Million)
Table 100 Europe: Market, By Country, 2017–2025 (USD Million)
Table 101 Europe: Minimally Invasive Surgical Instruments Market, By Product, 2017–2025 (USD Million)
Table 102 Europe: Handheld Instruments Market, By Type, 2017–2025 (USD Million)
Table 103 Europe: Inflation Devices Market, By Type, 2017–2025 (USD Million)
Table 104 Europe: Cutting Instruments Market, By Type, 2017–2025 (USD Million)
Table 105 Europe: Guiding Devices Market, By Type, 2017–2025 (USD Million)
Table 106 Europe: Electrosurgical & Electrocautery Instruments Market, By Type, 2017–2025 (USD Million)
Table 107 Europe: Minimally Invasive Surgical Instruments Market, By Type of Surgery, 2017–2025 (USD Million)
Table 108 Europe: Market, By End User, 2017–2025 (USD Million)
Table 109 Germany: Market, By Product, 2017–2025 (USD Million)
Table 110 UK: Market, By Product, 2017–2025 (USD Million)
Table 111 France: Market, By Product, 2017–2025 (USD Million)
Table 112 RoE: Market, By Product, 2017–2025 (USD Million)
Table 113 Asia Pacific: Minimally Invasive Surgical Instruments Market, By Product, 2017–2025 (USD Million)
Table 114 Asia Pacific: Handheld Instruments Market, By Type, 2017–2025 (USD Million)
Table 115 Asia Pacific: Inflation Devices Market, By Type, 2017–2025 (USD Million)
Table 116 Asia Pacific: Cutting Instruments Market, By Type, 2017–2025 (USD Million)
Table 117 Asia Pacific: Guiding Devices Market, By Type, 2017–2025 (USD Million)
Table 118 Asia Pacific: Electrosurgical & Electrocautery Instruments Market, By Type, 2017–2025 (USD Million)
Table 119 Asia Pacific: Minimally Invasive Surgical Instruments Market, By Type of Surgery, 2017–2025 (USD Million)
Table 120 Asia Pacific: Market, By End User, 2017–2025 (USD Million)
Table 121 RoW: Market, By Product, 2017–2025 (USD Million)
Table 122 RoW: Handheld Instruments Market, By Type, 2017–2025 (USD Million)
Table 123 RoW: Inflation Devices Market, By Type, 2017–2025 (USD Million)
Table 124 RoW: Cutting Instruments Market, By Type, 2017–2025 (USD Million)
Table 125 RoW: Guiding Devices Market, By Type, 2017–2025 (USD Million)
Table 126 RoW: Electrosurgical & Electrocautery Instruments Market, By Type, 2017–2025 (USD Million)
Table 127 RoW: Minimally Invasive Surgical Instruments Market, By Type of Surgery, 2017–2025 (USD Million)
Table 128 RoW: Market, By End User, 2017–2025 (USD Million)
Table 129 Rank of Companies in the Market, 2018


List of Figures (32 Figures)

Figure 1 Breakdown of Primaries: Minimally Invasive Surgical Instruments Market
Figure 2 Data Triangulation Methodology
Figure 3 Market Size Estimation: Approach 1 (Revenue-Based Estimation)
Figure 4 Market Size Estimation: Approach 2 (Product-Based Estimation)
Figure 5 nstruments Market: CAGR Projections
Figure 6 Market: CAGR Projections From Analysis of Demand-Side Drivers and Opportunities
Figure 7 Market Share, By Product, 2018
Figure 8 Market, By Type of Surgery
Figure 9 Minimally Invasive Surgical Instruments Market, By End User, 2019 vs 2025
Figure 10 Geographical Snapshot of the Market
Figure 11 Benefits of Minimally Invasive Surgeries Over Traditional Open Surgeries to Drive Market Growth
Figure 12 Handheld Instruments Accounted for the Largest Share of the North American Market in 2019
Figure 13 Cardiothoracic Surgery Dominated the Market in 2019
Figure 14 Hospitals Dominated the Market in 2019
Figure 15 Minimally Invasive Surgical Instruments Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Market: Geographic Snapshot (2019 vs 2025)
Figure 17 North America: Market Snapshot
Figure 18 Asia Pacific: Minimally Invasive Surgical Instruments Market Snapshot
Figure 19 Market: Competitive Leadership Mapping, 2018
Figure 20 Medtronic PLC: Company Snapshot (2019)
Figure 21 Johnson & Johnson: Company Snapshot (2018)
Figure 22 Stryker Corporation: Company Snapshot (2019)
Figure 23 B. Braun Melsungen AG: Company Snapshot (2018)
Figure 24 Conmed Corporation: Company Snapshot (2019)
Figure 25 Smith & Nephew PLC: Company Snapshot (2019)
Figure 26 Abbott Laboratories: Company Snapshot (2018)
Figure 27 Zimmer Biomet Holdings, Inc.: Company Snapshot (2019)
Figure 28 Boston Scientific Corporation: Company Snapshot (2019)
Figure 29 Becton, Dickinson and Company: Company Snapshot (2019)
Figure 30 Hoya Corporation: Company Snapshot (2019)
Figure 31 The Cooper Companies, Inc.: Company Snapshot (2019)
Figure 32 Surgical Innovations Group PLC: Company Snapshot (2019)

The study involved two major activities in estimating the current size of the minimally invasive surgical instruments market. Exhaustive research was conducted to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing estimates with industry experts across the value chain through primary research. Both revenue-based and product-based estimation approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the size of the segments and subsegments.

Secondary Research

In the secondary research process, various sources such as Hoovers, Bloomberg BusinessWeek, Forbes, and Dun & Bradstreet were referred to in order to identify and collect information useful for this technical, market-oriented, and commercial study of the MIS instruments market. These secondary sources include government sources, such as World Health Organization (WHO), World Bank, Organisation for Economic Co-operation and Development (OECD), US Food and Drug Administration (FDA), Centers for Disease Control and Prevention (CDC), National Health Service (NHS), National Science Foundation (NSF), United Nations Database, US Census Bureau, National Institutes of Health (NIH), American Society of Plastic Surgeons (ASPS), American Association of Gynecologic Laparoscopists (AAGL), American Heart Association (AHA), European Association for Endoscopic Surgery (EAES), Association of American Medical Colleges (AAMC), Asia Pacific Association for Gynecologic Endoscopy and Minimally Invasive Therapy (APAGE), International Society of Aesthetic Plastic Surgery (ISAPS), Chinese Medical Association (CMA), China National Health and Family Planning Commission (NHFPC), and Center for Minimally Invasive Surgery (CMIS). Secondary sources also include corporate & regulatory filings (such as annual reports, SEC filings, investor presentations, and financial statements); business magazines & research journals; press releases; and trade, business, and professional associations, among others.

Primary Research

The minimally invasive surgical instruments market comprises several stakeholders such as MIS instrument manufacturing companies, vendors and distributors of MIS instruments, market research and consulting firms, healthcare service providers and ambulatory surgery centers, CROs, and government bodies and municipal corporations. Several primary interviews were conducted with market experts from both the demand side (such as personnel from hospitals, medical centers, ambulatory surgery centers and clinics, physicians, and purchase managers in healthcare provider organizations) and the supply side (such as C-level and D-level executives, product managers, marketing & sales managers of key manufacturers, distributors, and channel partners, among others) across four major regions—North America, Europe, Asia Pacific, and the Rest of the World. Approximately 80% and 20% of primary interviews were conducted with supply-side and demand-side participants, respectively. This primary data was collected through questionnaires, e-mails, online surveys, personal interviews, and telephonic interviews.

Minimally Invasive Surgical Devices Market, by End User, 2016 (USD Million)

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

For calculating the global market value, segmental revenues were arrived at based on the revenue mapping of major players active in the MIS instruments market. This process involved the following steps:

  • Generating a list of the major global players operating in the minimally invasive surgical instruments market
  • Mapping the annual revenues generated by major global players from the MIS instruments segment (or the nearest reported business unit/product category)
  • Estimating the revenue of the top ten players to cover at least 85–90% of the global market share, as of 2018
  • Calculating 100% of the global market value of MIS instruments based on 85–90% revenue share of the top ten players.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of the MIS instruments market.

Report Objectives

  • To define, describe, and forecast the global minimally invasive surgical instruments market, by product, type of surgery, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the MIS instruments market (drivers, restraints, opportunities, and challenges)
  • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall MIS instruments market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size (by value) of market segments with respect to four main regions (along with countries)—North America, Europe, Asia Pacific, and the Rest of the World
  • To profile key players and comprehensively analyze their core competencies in terms of key market developments and growth strategies
  • To track and analyze competitive developments such as product launches, acquisitions, agreements, partnerships, collaborations, and expansions in the MIS instruments market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of the top five companies

Geographic Analysis

  • Further breakdown of the Asia Pacific minimally invasive surgical instruments market into India, China, Japan, and the RoAPAC
  • Further breakdown of the RoW market into Latin America and the Middle East & Africa
  • Further breakdown of the European minimally invasive surgical instruments market into Spain and Italy

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Minimally Invasive Surgical Instruments Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Minimally Invasive Surgical Instruments Market

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Report Code
MD 3177
Published ON
Mar, 2020
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