Minimally Invasive Surgery Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
In minimally invasive surgery, doctors use different operating procedures with less destruction to the body than with open surgery. In general, minimally invasive surgery is linked with less pain, fewer complications, and a shorter hospital stay. One of the types of minimally invasive surgery is robotic surgery. It delivers a magnified, 3D view of the surgical site and helps the surgeon control with accuracy, control, and flexibility. Continual inventions in minimally invasive surgery make it beneficial for people with a wide spread of conditions.
The “Global Minimally Invasive Surgery Market Analysis to 2031” is a specialized and in-depth study of the medical devices industry with a special focus on global market trend analysis. The report aims to provide an overview of the minimally invasive surgery market with detailed market segmentation by product, type of surgery, end-user, and geography. The report provides key statistics on the market status of the leading minimally invasive surgery market players and offers key trends and opportunities in the market.
MARKET DRIVERS
Factors driving the minimally invasive surgery market growth are improvements of minimally invasive surgery over open surgical procedures, improving the prevalence of lifestyle-related and chronic disorders, and the accessibility of innovative minimally invasive surgery devices. However, the need for more expert specialists and modifying the regulatory landscape in the medical device industry are the factors restraining the minimally invasive surgery market growth.
The accessibility of innovative minimally invasive surgery devices is raising the market growth, according to the National Library of Medicine, introducing new technologies or techniques starts a change in how things are done. Since the beginning of the 1980s, however, there have been continuous innovations to improve MIS, and its concepts are staying the same. Technological innovations in surgical instruments, e.g., instrument and suture or MIS-associated technology such as robotic visual guidance systems for Lasixoscopic Single Incisioning surgery, are also part of this category. The accessibility of innovative minimally invasive surgery devices has revolutionized surgical procedures by offering several advantages over traditional open surgeries, including smaller incisions, reduced trauma to the patient, faster recovery times, and lower post-operative complications. This increased accessibility of these devices has contributed to the widespread adoption of minimally invasive techniques across various surgical specialties. Thus, the accessibility of innovative minimally invasive surgery devices fueling the growth of the minimally invasive surgery market.
GLOBAL SEGMENTAL ANALYSIS
The global minimally invasive surgery market is segmented based on product into handheld instruments, inflation devices, surgical scopes, cutting instruments, guiding devices, electrosurgical & electrocautery instruments, and other instruments. Further, handheld instruments are segmented as graspers, retractors/elevators, suturing instruments, dilators, and other handheld instruments. Further, inflation devices are segmented as balloons and balloons inflation devices. Further, surgical scopes are segmented as laparoscopes, urology endoscopes, arthroscopes, neuroendoscopes, and other surgical scopes. Further, cutting instruments are segmented as trocars and other cutting instruments. Further, guiding devices are segmented as guiding catheters and guidewires. Further, electrosurgical & electrocautery Instruments are segmented as electrosurgical instruments and electrocautery devices. Based on type of surgery, the market is segmented into cardiothoracic surgery, gastrointestinal surgery, orthopedic surgery, gynecological surgery, cosmetic & bariatric surgery, urological surgery, and other surgeries. The market is segmented into hospitals, specialty clinics, and ambulatory surgery centers based on end-user.
Based on the type of surgery, the orthopedic surgery segment dominated the global minimally invasive surgery market share. The orthopedic application segment dominated the market, with a revenue share exceeding 23.6% in 2021. In orthopedic MIS procedures, no muscles need to be cut or separated from the bone. Consequently, patients' satisfaction has improved, and the healing process is more rapid with this approach. In the case of hip or knee substitute surgery, MIS is most used. Surgical procedures which minimize the time to operate, as well as post-operative complications and shorten hospital stays, are sought by hospitals and surgeons. On the other hand, pats are looking for surgical procedures that reduce trauma and speed up recovery. Thus, the orthopedic surgery segment drives the minimally invasive surgery market growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides minimally invasive surgery market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & central America. The minimally invasive surgery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The minimally invasive surgery market report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The minimally invasive surgery market report also provides an exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the minimally invasive surgery market in these regions.
In 2021, North America accounted for a revenue share of 44,8 % in the Regional MS market owing to an excessive incidence of accidental injury and a growing elderly population. The Organization for Economic Co-operation and Development (OECD) report found that per capita health expenditure in the United States is significantly higher than all other countries of the world. Moreover, patients in the U.S. are allowed to choose treatment methods as well as health care providers. In North America, it is likely to have a favorable impact on the managed information systems market. In contrast, from 2022 to 2031, Asia Pacific is anticipated to grow at the highest pace of all regional markets.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides minimally invasive surgery market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & central America. The minimally invasive surgery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The minimally invasive surgery market report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The minimally invasive surgery market report also provides an exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the minimally invasive surgery market in these regions.
In 2021, North America accounted for a revenue share of 44,8 % in the Regional MS market owing to an excessive incidence of accidental injury and a growing elderly population. The Organization for Economic Co-operation and Development (OECD) report found that per capita health expenditure in the United States is significantly higher than all other countries of the world. Moreover, patients in the U.S. are allowed to choose treatment methods as well as health care providers. In North America, it is likely to have a favorable impact on the managed information systems market. In contrast, from 2022 to 2031, Asia Pacific is anticipated to grow at the highest pace of all regional markets.
MARKET PLAYERS
The report covers key developments in the minimally invasive surgery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the Minimally Invasive Surgery market are anticipated to have lucrative growth opportunities in the future with the rising demand for minimally invasive surgery in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the minimally invasive surgery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Abbott Laboratories
- B.Braun Melsungen
- AG, Becton, Dickinson and Company
- Boston Scientific Corporation
- CONMED Corporation
- Johnson&Johnson Services, Inc.
- Medtronic plc,
- Smith&Nephew plc,
- Stryker Corporation
- Zimmer Biomet
Recent Developments
- In May 2023, Stryker Corporation announced today that surgeons began early product surveillance cases for its Q Guidance system with cranial guidance software. This technology provides surgeons with image planning and an intraoperative guidance system to support cranial surgery. Its uses include intraoperative guidance, where a reference to a rigid anatomical structure can be identified. The system tracks navigation tools in inpatient imaging and displays their position and orientation.
- In Oct 2022, Medtronic plc a global healthcare technology leader, has announced three significant global market-entrance and indication expansion approvals for its Hugo robotic-assisted surgery (RAS) system.
- In April 2021, Zimmer Biomet Holdings, Inc., a global leader in musculoskeletal health and one of America's most respected healthcare providers, announced The FDA 510k clearance of the ROSA Partial Knee System for robotic-assisted partial knee replacement surgery. The ROSA Partial Knee System is the newest addition to ROSA Robotics, Zimmer Biomet's multiple-application robotics platform, which includes the ROSA Knee System for total knee replacement surgery and ROSA ONE for neurosurgical and spine procedures.
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Minimally Invasive Surgery Market - By Product
1.3.2 Minimally Invasive Surgery Market - By Type of Surgery
1.3.3 Minimally Invasive Surgery Market - By End User
1.3.4 Minimally Invasive Surgery Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MINIMALLY INVASIVE SURGERY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MINIMALLY INVASIVE SURGERY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MINIMALLY INVASIVE SURGERY MARKET - GLOBAL MARKET ANALYSIS
6.1. MINIMALLY INVASIVE SURGERY - GLOBAL MARKET OVERVIEW
6.2. MINIMALLY INVASIVE SURGERY - GLOBAL MARKET AND FORECAST TO 2030
6.3. MARKET POSITIONING
7. MINIMALLY INVASIVE SURGERY MARKET - REVENUE AND FORECASTS TO 2030 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. HANDHELD INSTRUMENTS
7.3.1. Overview
7.3.2. Handheld Instruments Market Forecast and Analysis
7.3.3. Graspers Market
7.3.3.1. Overview
7.3.3.2. Graspers Market Forecast and Analysis
7.3.4. Retractors/Elevators Market
7.3.4.1. Overview
7.3.4.2. Retractors/Elevators Market Forecast and Analysis
7.3.5. Suturing Instruments Market
7.3.5.1. Overview
7.3.5.2. Suturing Instruments Market Forecast and Analysis
7.3.6. Dilators Market
7.3.6.1. Overview
7.3.6.2. Dilators Market Forecast and Analysis
7.3.7. Other Handheld Instruments Market
7.3.7.1. Overview
7.3.7.2. Other Handheld Instruments Market Forecast and Analysis
7.4. INFLATION DEVICES
7.4.1. Overview
7.4.2. Inflation Devices Market Forecast and Analysis
7.4.3. Balloons Market
7.4.3.1. Overview
7.4.3.2. Balloons Market Forecast and Analysis
7.4.4. Balloon inflation devices Market
7.4.4.1. Overview
7.4.4.2. Balloon inflation devices Market Forecast and Analysis
7.5. SURGICAL SCOPES
7.5.1. Overview
7.5.2. Surgical Scopes Market Forecast and Analysis
7.5.3. Laparoscopes Market
7.5.3.1. Overview
7.5.3.2. Laparoscopes Market Forecast and Analysis
7.5.4. Urology Endoscopes Market
7.5.4.1. Overview
7.5.4.2. Urology Endoscopes Market Forecast and Analysis
7.5.5. Arthroscopes Market
7.5.5.1. Overview
7.5.5.2. Arthroscopes Market Forecast and Analysis
7.5.6. Neuroendoscopes Market
7.5.6.1. Overview
7.5.6.2. Neuroendoscopes Market Forecast and Analysis
7.5.7. Other Surgical Scopes Market
7.5.7.1. Overview
7.5.7.2. Other Surgical Scopes Market Forecast and Analysis
7.6. CUTTING INSTRUMENTS
7.6.1. Overview
7.6.2. Cutting Instruments Market Forecast and Analysis
7.6.3. Trocars Market
7.6.3.1. Overview
7.6.3.2. Trocars Market Forecast and Analysis
7.6.4. Other Cutting Instruments Market
7.6.4.1. Overview
7.6.4.2. Other Cutting Instruments Market Forecast and Analysis
7.7. GUIDING DEVICES
7.7.1. Overview
7.7.2. Guiding Devices Market Forecast and Analysis
7.7.3. Guiding Catheters Market
7.7.3.1. Overview
7.7.3.2. Guiding Catheters Market Forecast and Analysis
7.7.4. Guidewires Market
7.7.4.1. Overview
7.7.4.2. Guidewires Market Forecast and Analysis
7.8. ELECTROSURGICAL AND ELECTROCAUTERY INSTRUMENTS
7.8.1. Overview
7.8.2. Electrosurgical and Electrocautery Instruments Market Forecast and Analysis
7.8.3. Electrosurgical Instruments Market
7.8.3.1. Overview
7.8.3.2. Electrosurgical Instruments Market Forecast and Analysis
7.8.4. Electrocautery Devices Market
7.8.4.1. Overview
7.8.4.2. Electrocautery Devices Market Forecast and Analysis
7.9. OTHER INSTRUMENTS
7.9.1. Overview
7.9.2. Other Instruments Market Forecast and Analysis
8. MINIMALLY INVASIVE SURGERY MARKET - REVENUE AND FORECASTS TO 2030 - TYPE OF SURGERY
8.1. OVERVIEW
8.2. TYPE OF SURGERY MARKET FORECASTS AND ANALYSIS
8.3. CARDIOTHORACIC SURGERY
8.3.1. Overview
8.3.2. Cardiothoracic Surgery Market Forecast and Analysis
8.4. GASTROINTESTINAL SURGERY
8.4.1. Overview
8.4.2. Gastrointestinal Surgery Market Forecast and Analysis
8.5. ORTHOPEDIC SURGERY
8.5.1. Overview
8.5.2. Orthopedic Surgery Market Forecast and Analysis
8.6. GYNECOLOGICAL SURGERY
8.6.1. Overview
8.6.2. Gynecological Surgery Market Forecast and Analysis
8.7. COSMETIC AND BARIATRIC SURGERY
8.7.1. Overview
8.7.2. Cosmetic and Bariatric Surgery Market Forecast and Analysis
8.8. UROLOGICAL SURGERY
8.8.1. Overview
8.8.2. Urological Surgery Market Forecast and Analysis
8.9. OTHER SURGERIES
8.9.1. Overview
8.9.2. Other Surgeries Market Forecast and Analysis
9. MINIMALLY INVASIVE SURGERY MARKET - REVENUE AND FORECASTS TO 2030 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS AND SPECIALTY CLINICS
9.3.1. Overview
9.3.2. Hospitals and Specialty Clinics Market Forecast and Analysis
9.4. AMBULATORY SURGERY CENTERS
9.4.1. Overview
9.4.2. Ambulatory Surgery centers Market Forecast and Analysis
10. MINIMALLY INVASIVE SURGERY MARKET REVENUE AND FORECASTS TO 2030 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Minimally Invasive Surgery Market Overview
10.1.2 North America Minimally Invasive Surgery Market Forecasts and Analysis
10.1.3 North America Minimally Invasive Surgery Market Forecasts and Analysis - By Product
10.1.4 North America Minimally Invasive Surgery Market Forecasts and Analysis - By Type of Surgery
10.1.5 North America Minimally Invasive Surgery Market Forecasts and Analysis - By End User
10.1.6 North America Minimally Invasive Surgery Market Forecasts and Analysis - By Countries
10.1.6.1 United States Minimally Invasive Surgery Market
10.1.6.1.1 United States Minimally Invasive Surgery Market by Product
10.1.6.1.2 United States Minimally Invasive Surgery Market by Type of Surgery
10.1.6.1.3 United States Minimally Invasive Surgery Market by End User
10.1.6.2 Canada Minimally Invasive Surgery Market
10.1.6.2.1 Canada Minimally Invasive Surgery Market by Product
10.1.6.2.2 Canada Minimally Invasive Surgery Market by Type of Surgery
10.1.6.2.3 Canada Minimally Invasive Surgery Market by End User
10.1.6.3 Mexico Minimally Invasive Surgery Market
10.1.6.3.1 Mexico Minimally Invasive Surgery Market by Product
10.1.6.3.2 Mexico Minimally Invasive Surgery Market by Type of Surgery
10.1.6.3.3 Mexico Minimally Invasive Surgery Market by End User
10.2. EUROPE
10.2.1 Europe Minimally Invasive Surgery Market Overview
10.2.2 Europe Minimally Invasive Surgery Market Forecasts and Analysis
10.2.3 Europe Minimally Invasive Surgery Market Forecasts and Analysis - By Product
10.2.4 Europe Minimally Invasive Surgery Market Forecasts and Analysis - By Type of Surgery
10.2.5 Europe Minimally Invasive Surgery Market Forecasts and Analysis - By End User
10.2.6 Europe Minimally Invasive Surgery Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Minimally Invasive Surgery Market
10.2.6.1.1 Germany Minimally Invasive Surgery Market by Product
10.2.6.1.2 Germany Minimally Invasive Surgery Market by Type of Surgery
10.2.6.1.3 Germany Minimally Invasive Surgery Market by End User
10.2.6.2 France Minimally Invasive Surgery Market
10.2.6.2.1 France Minimally Invasive Surgery Market by Product
10.2.6.2.2 France Minimally Invasive Surgery Market by Type of Surgery
10.2.6.2.3 France Minimally Invasive Surgery Market by End User
10.2.6.3 Italy Minimally Invasive Surgery Market
10.2.6.3.1 Italy Minimally Invasive Surgery Market by Product
10.2.6.3.2 Italy Minimally Invasive Surgery Market by Type of Surgery
10.2.6.3.3 Italy Minimally Invasive Surgery Market by End User
10.2.6.4 Spain Minimally Invasive Surgery Market
10.2.6.4.1 Spain Minimally Invasive Surgery Market by Product
10.2.6.4.2 Spain Minimally Invasive Surgery Market by Type of Surgery
10.2.6.4.3 Spain Minimally Invasive Surgery Market by End User
10.2.6.5 United Kingdom Minimally Invasive Surgery Market
10.2.6.5.1 United Kingdom Minimally Invasive Surgery Market by Product
10.2.6.5.2 United Kingdom Minimally Invasive Surgery Market by Type of Surgery
10.2.6.5.3 United Kingdom Minimally Invasive Surgery Market by End User
10.2.6.6 Rest of Europe Minimally Invasive Surgery Market
10.2.6.6.1 Rest of Europe Minimally Invasive Surgery Market by Product
10.2.6.6.2 Rest of Europe Minimally Invasive Surgery Market by Type of Surgery
10.2.6.6.3 Rest of Europe Minimally Invasive Surgery Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Minimally Invasive Surgery Market Overview
10.3.2 Asia-Pacific Minimally Invasive Surgery Market Forecasts and Analysis
10.3.3 Asia-Pacific Minimally Invasive Surgery Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Minimally Invasive Surgery Market Forecasts and Analysis - By Type of Surgery
10.3.5 Asia-Pacific Minimally Invasive Surgery Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Minimally Invasive Surgery Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Minimally Invasive Surgery Market
10.3.6.1.1 Australia Minimally Invasive Surgery Market by Product
10.3.6.1.2 Australia Minimally Invasive Surgery Market by Type of Surgery
10.3.6.1.3 Australia Minimally Invasive Surgery Market by End User
10.3.6.2 China Minimally Invasive Surgery Market
10.3.6.2.1 China Minimally Invasive Surgery Market by Product
10.3.6.2.2 China Minimally Invasive Surgery Market by Type of Surgery
10.3.6.2.3 China Minimally Invasive Surgery Market by End User
10.3.6.3 India Minimally Invasive Surgery Market
10.3.6.3.1 India Minimally Invasive Surgery Market by Product
10.3.6.3.2 India Minimally Invasive Surgery Market by Type of Surgery
10.3.6.3.3 India Minimally Invasive Surgery Market by End User
10.3.6.4 Japan Minimally Invasive Surgery Market
10.3.6.4.1 Japan Minimally Invasive Surgery Market by Product
10.3.6.4.2 Japan Minimally Invasive Surgery Market by Type of Surgery
10.3.6.4.3 Japan Minimally Invasive Surgery Market by End User
10.3.6.5 South Korea Minimally Invasive Surgery Market
10.3.6.5.1 South Korea Minimally Invasive Surgery Market by Product
10.3.6.5.2 South Korea Minimally Invasive Surgery Market by Type of Surgery
10.3.6.5.3 South Korea Minimally Invasive Surgery Market by End User
10.3.6.6 Rest of Asia-Pacific Minimally Invasive Surgery Market
10.3.6.6.1 Rest of Asia-Pacific Minimally Invasive Surgery Market by Product
10.3.6.6.2 Rest of Asia-Pacific Minimally Invasive Surgery Market by Type of Surgery
10.3.6.6.3 Rest of Asia-Pacific Minimally Invasive Surgery Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Minimally Invasive Surgery Market Overview
10.4.2 Middle East and Africa Minimally Invasive Surgery Market Forecasts and Analysis
10.4.3 Middle East and Africa Minimally Invasive Surgery Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Minimally Invasive Surgery Market Forecasts and Analysis - By Type of Surgery
10.4.5 Middle East and Africa Minimally Invasive Surgery Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Minimally Invasive Surgery Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Minimally Invasive Surgery Market
10.4.6.1.1 South Africa Minimally Invasive Surgery Market by Product
10.4.6.1.2 South Africa Minimally Invasive Surgery Market by Type of Surgery
10.4.6.1.3 South Africa Minimally Invasive Surgery Market by End User
10.4.6.2 Saudi Arabia Minimally Invasive Surgery Market
10.4.6.2.1 Saudi Arabia Minimally Invasive Surgery Market by Product
10.4.6.2.2 Saudi Arabia Minimally Invasive Surgery Market by Type of Surgery
10.4.6.2.3 Saudi Arabia Minimally Invasive Surgery Market by End User
10.4.6.3 U.A.E Minimally Invasive Surgery Market
10.4.6.3.1 U.A.E Minimally Invasive Surgery Market by Product
10.4.6.3.2 U.A.E Minimally Invasive Surgery Market by Type of Surgery
10.4.6.3.3 U.A.E Minimally Invasive Surgery Market by End User
10.4.6.4 Rest of Middle East and Africa Minimally Invasive Surgery Market
10.4.6.4.1 Rest of Middle East and Africa Minimally Invasive Surgery Market by Product
10.4.6.4.2 Rest of Middle East and Africa Minimally Invasive Surgery Market by Type of Surgery
10.4.6.4.3 Rest of Middle East and Africa Minimally Invasive Surgery Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Minimally Invasive Surgery Market Overview
10.5.2 South and Central America Minimally Invasive Surgery Market Forecasts and Analysis
10.5.3 South and Central America Minimally Invasive Surgery Market Forecasts and Analysis - By Product
10.5.4 South and Central America Minimally Invasive Surgery Market Forecasts and Analysis - By Type of Surgery
10.5.5 South and Central America Minimally Invasive Surgery Market Forecasts and Analysis - By End User
10.5.6 South and Central America Minimally Invasive Surgery Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Minimally Invasive Surgery Market
10.5.6.1.1 Brazil Minimally Invasive Surgery Market by Product
10.5.6.1.2 Brazil Minimally Invasive Surgery Market by Type of Surgery
10.5.6.1.3 Brazil Minimally Invasive Surgery Market by End User
10.5.6.2 Argentina Minimally Invasive Surgery Market
10.5.6.2.1 Argentina Minimally Invasive Surgery Market by Product
10.5.6.2.2 Argentina Minimally Invasive Surgery Market by Type of Surgery
10.5.6.2.3 Argentina Minimally Invasive Surgery Market by End User
10.5.6.3 Rest of South and Central America Minimally Invasive Surgery Market
10.5.6.3.1 Rest of South and Central America Minimally Invasive Surgery Market by Product
10.5.6.3.2 Rest of South and Central America Minimally Invasive Surgery Market by Type of Surgery
10.5.6.3.3 Rest of South and Central America Minimally Invasive Surgery Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MINIMALLY INVASIVE SURGERY MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MINIMALLY INVASIVE SURGERY MARKET, KEY COMPANY PROFILES
13.1. ABBOTT LABORATORIES
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. B.BRAUN MELSUNGEN
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. AG, BECTON, DICKINSON AND COMPANY
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BOSTON SCIENTIFIC CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. CONMED CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. JOHNSON & JOHNSON SERVICES, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MEDTRONIC PLC,
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SMITH & NEPHEW PLC,
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. STRYKER CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. ZIMMER BIOMET
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. Abbott Laboratories
2. B.Braun Melsungen
3. AG, Becton, Dickinson and Company
4. Boston Scientific Corporation
5. CONMED Corporation
6. Johnson&Johnson Services, Inc.
7. Medtronic plc,
8. Smith&Nephew plc,
9. Stryker Corporation
10. Zimmer Biomet
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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