The global minimally invasive surgical instrument market is anticipated to grow at a considerable CAGR of 8% during the forecast period (2021-2031). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to hold significant growth. Hence owing to the development and manufacturing of innovative solutions the MIS instruments market has augmented its growth over the forecast period. For instance,
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- In February 2021, Royal Philips has launched ClarifEye Augmented Reality Surgical Navigation, to advance minimally-invasive spine procedures in the Hybrid Operating Room. With this approach for spine surgery, patients can benefit from reduced postoperative pain, shortened hospital stays, reduced blood loss, and other such benefits.
- In June 2020, Medtronic plc has entered into a definitive agreement with Titan Medical Inc., to further the development of robotic-assisted surgical technologies.
Moreover, the regulatory approval by the government authorities for the new devices is propelling the MIS instruments market growth. For instance,
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- In March 2021, Memic Innovative Surgery has received approval for its robotic surgical device from US Food and Drug Administration. The device is designed to perform transvaginal hysterectomies in patients this new system Hominis Surgical System has miniature humanoid-shaped robotic arms features.
- In November 2019, avatera medical GmbH has received CE mark approval for a newly designed avatera® system designed for robot-assisted, minimally invasive surgery. This newly designed system is approved in the European Economic Area for minimally invasive laparoscopy and has previously been used for other surgeries.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Low Noise Amplifier Market Report Segment
By Product
- Inflation Systems
- Cutter Instruments
- Guiding Devices
- Handheld Instruments
- Stents
- Sutures
- Robotic Assisted Surgical Systems
By Technology
- Endoscopy
- Laparoscopy
- Robot-Assisted Methods
- Arthroscopic Techniques
- Ablative Methods
By Application
- Cardiac Surgery
- Colorectal Surgery
- Dermatological Surgery
- Ent Surgery
- Gastrointestinal Surgery
- Gynecologic Surgery
- Lung & Respiratory Care
- Neurosurgery
- Ophthalmology
- Orthopedics
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