1 August 2019: The minimally invasive surgical (MIS) instruments are used in minimally invasive surgeries. These surgical procedures are performed to limit the number and size of incisions and cuts to reduce the wound recovery time. In addition, several types of less invasive instruments are used in these surgeries such as catheters, compact cameras, small tubes, etc. that reduce the pain, hospital stay, and also complications.
Advantages of Minimally Invasive Surgeries over Conventional Technique to Boost the Market
On the basis of application, minimally invasive surgical instruments market can be classified into Gastrointestinal, Cardiac, Vascular, Orthopedic, Urological, Gynecological, Thoracic, Dental, Cosmetic, and Others.
The Orthopedic segment is the largest application segment in the market. In orthopedic MIS methods, no muscles are required to be separated or cut from the bone thus, enhancing the healing process and patient satisfaction.
Most often, MIS is used in knee as well as hip replacement surgery. Surgeons and hospitals search for operating methods that result in decreased operative as well as postoperative complications and decreased hospitalization period. However, patients seek surgical treatments that reduce trauma and provide quick recovery.
The orthopedic segment is followed by cosmetic segment and is anticipated to be the fastest growing application sector over the forthcoming period. The factors such as increasing demand for cosmetic surgeries over traditional surgical approach, which is leading to technical development in the field will drive the segment growth in the forecast period.
Market insights:
In 2017, Medtronic offered numerous orthopedic MIS solutions for coronary artery disease and was a leader in terms of market presence. Furthermore, the company has established a system for stabilization and spinal surgery based on MIS methods.
Another reputable key player, Intuitive Surgical, Inc., offers the da Vinci surgical system that brought significance and innovation in the MIS domain. Being one of the pioneers in the MIS market, the establishment is equipped with progressive sales team and R&D. Novel innovations, mostly surgical robots, are likely to boost the demand for the market
The key players are capitalizing in R&D activities in order to boost the lucrative market. Furthermore, some of them are choosing for the acquisition of smaller companies to strengthen and expand their local outreach.
Stryker; Medtronic; Abbott; Smith & Nephew; NuVasive, Inc.; Zimmer Biomet; Intuitive Surgical, Inc; and CONMED are some of the leading players in the minimally invasive surgical instruments market.
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