|By PR Newswire||
|January 14, 2014 04:15 PM EST||
DUBLIN, Ireland, January 14, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/q3tpbv/minimally) has announced the addition of the "Minimally Invasive Surgery Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast, 2013 - 2019" report to their offering.
The rise in geriatric population throughout the globe is contributing greatly to the increasing number of various minimally invasive surgeries (MIS) such as breast, orthopedic, cardiac, gynecological and urological surgeries. This is mainly due to the fact that elderly people belong to the high risk patient category for performing conventional open surgeries due to their already compromised health and slow recovery from debilitating conditions. MIS is performed with a tiny incision in the patient's body that results in faster recovery, minimal stay in the hospital, and minimal pain and trauma to the patient. These surgeries are performed with the help of various devices that include surgical devices, monitoring and visualization devices, and endoscopy devices. The overall global market for minimally invasive surgery is expected to grow at a CAGR of 10.5% from 2013 to 2019 to reach an estimated value of USD 50.60 billion in 2019.
Other key reasons for the double digit growth of this market include the rise in incidences of various diseases such as kidney stone, cancer, cardiovascular diseases (CVDs) and arthritis globally that has greatly expanded the target patient population seeking MIS procedures. Similarly, rise in disposable incomes in various nations such as India, China, Brazil, Mexico and others will also augment the growth of this market since it will increase the affordability for these medical services for the patients. The large aged population in developed nations such as the U.S., Japan, U.K., Germany, and Italy will continue to grow and in turn propel market growth for MIS during the forecast period. However, the growth of this market may get hampered to some extent due to factors such as lack of proper reimbursements in some key markets and high cost of surgeries.
The market for surgical devices,that includes ablation devices, electrosurgical devices and medical robotic systems, accounted for the largest share of the total MIS market in terms of revenue in 2012.This market is expected to record the highest CAGR during the forecast period owing to the extensive utilization of these devices while performing minimally invasive surgeries. For instance, ablation devices are utilized on a large scale for treating majority of the cancer types.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Minimally Invasive Surgery Market, By Device Type, 2011 - 2019 (USD Million)
Chapter 5 Global Minimally Invasive Surgery Market Revenue, by Type of Surgery, 2011 - 2019 (USD Million)
Chapter 6 Global Minimally Invasive Surgery Market, By Geography, 2011 - 2019 (USD Million)
Chapter 7 Competitive Landscape
Chapter 8 Recommendations
Chapter 9 Company Profiles
- Abbott Laboratories, Inc.
- ArthroCare Corporation
- Biomet, Inc.
- DePuy Synthes, Inc.
- GE Healthcare
- Given Imaging Ltd.
- Intuitive Surgical, Inc.
- Medtronic, Inc.
- NuVasive, Inc.
- Philips Healthcare
- Siemens Healthcare
- Stryker Corporation
- Surgical Innovations Group plc.
- Teleflex, Inc.
- Varian Medical Systems, Inc.
For more information visit http://www.researchandmarkets.com/research/q3tpbv/minimally
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets