The minimally invasive surgical instruments market is expected to reach $18.14 billion by 2022, at a CAGR of 10.2% during the forecast period. To visually guide the surgery an endoscope and thin needles are used during the surgeries. Benefits of minimally invasive surgeries are lower risks of infection, smaller incisions, and shorter recovery time. The key drivers of minimally invasive surgeries are increasing number of surgeries among the aging population, reduction in healthcare costs and time, technological advancements, increasing prevalence of lifestyle disorders, rising awareness about healthcare, and increasing government initiatives. Wherever, lack of skilled surgeons, complex regulatory frameworks, and absence of reimbursement in industry of medical device are major restraint in the market growth.
Adoption of surgical instruments are rising due to increase in minimally invasive surgeries every year. With the usage of MIS some procedures are performed such as closing of appendectomy, atrial septal defect, biopsy, removal of pituitary tumor, inguinal hernia repairs, ureteric calculi and removal of kidney, repair of thoracic carpal tunnel release, and abdominal aneurysm. Whereas MIS is not suitable for every patients owing to skin adhesions, raised body mass index, and other medical conditions. Complication linked with minimally invasive surgery are risk of bleeding, thromboembolic disease, anesthesia, infection, shoulder pain because of carbon dioxide insufflation, and injury to any organs . In minimally invasive surgeries less complication, patient feels less pain, shorter hospital stay, less blood loss and quick recovery . Instruments used in the laproscopic surgery, arthroscopic surgery and exploratory surgeries are Retractors, trocar, staplers, arthroscope, laproscope, forceps and scissors. For optimal patient safety the Central Sterile Supply Department is sterilizing and packaging instruments that used during surgery and decontaminating, storing and cleaning the surgical instruments after every procedure Sterilizers and washers are providing the reliability and consistency which required for sterilization of surgical instrument.
Segmentation of Minimally Invasive Surgical Instruments Market is on the basis of application, product, and end user. The applications include in the report are cosmetic surgery, urological surgery, gastrointestinal surgery, cardiothoracic surgery, vascular surgery, orthopedic surgery, gynecological surgery and other . In 2014, the orthopedic surgery accounted for the largest share of Minimally invasive surgeries market due to increasing global aging population, coupled with the rising incidence of bone ailments like spine injuries and osteoporosis arthritis .
By product, the market includes electrosurgical instruments, handheld instruments, inflation systems, auxiliary instruments, cutter instrument and guiding devices. In 2014, the largest market share of the minimally invasive surgical instruments is with handheld instruments due to wide implementation and convenience in usage. The electrosurgical devices segment is anticipated to grow at the high rate due to its great acceptance among physicians as the instrument helps in controlling blood loss during the surgical procedures.
End users of Minimally Invasive Surgical Instruments are private hospitals, surgical clinics, government hospitals, and medical colleges. Surgical clinics and the private hospitals segment are accounted for the largest share of the minimally invasive surgical instruments market. The growth of this segment leads to high hygienic standards for private hospitals, presence of cutting-edge equipment and timely check-ups. Owing to increase in minimally invasive surgeries in surgical clinics and private hospitals the usage of MIS instruments increased which leads to market growth.
Geographic segment includes are North America, Europe, Asia-Pacific, and the Rest of the World .Further North America is segmented into the Canada and U.S. In 2015 North America is accounted for the largest share of MIS due to growing government investments, , increasing geriatric population, rising prevalence of lifestyle diseases and the rising number of surgical procedures , while Asia-Pacific is anticipated to increase at the highest rate due to presence of a many patient pool undergoing surgical treatments, the rising geriatric population, , increasing awareness about modern surgical techniques and instruments, and implementation of various initiatives for reduction of increasing healthcare which in return leads to an increase in the demand for MIS instruments, and forcing key players for expansion of their geographical presence in this region.
Many companies are concentrating on the development of minimally invasive surgical instruments. The key players of the market of global minimally invasive surgical instruments are Ethicon, Inc. (U.S.), Medtronic plc (Ireland), Aesculap, Inc. (Germany), Smith & Nephew (U.K.). and Stryker Corporation (U.S.), in emerging market and in major market these players have a good presence .Other players of this market are Abbott Laboratories (U.S.), ConMed Corporation (U.S.), Applied Biomedical Resources Corporation (U.S.), Zimmer Biomet (U.S.) and Microline Surgical (Japan), Ethicon, Inc acquired NeuWave Medical, Inc., a private company of medical devices which markets and manufactures minimally invasive soft-tissue microwave ablation systems. The acquisition is consistent with strategy of advancing innovation and investing in field of unmet medical requirement of surgical oncology.
