Minimally Invasive Devices Market

North America Minimally Invasive Devices Market by Products (Inflation devices, Handheld Instruments, and Surgical Scopes), Applications (Gastrointestinal, Urological, Cardiovascular, Orthopedic, Aesthetic, Gynecological, and Others), and Region - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-1845
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 185
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The North America minimally invasive devices market size is anticipated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rise in the number of patients along with insurance providers, reduced cost of the minimally surgery procedure, and convenience in the open surgeries. Growing geriatric population and rising number of surgeries performed is anticipated to drive the market.

North America Minimally Invasive Devices Market key takeaways

Minimally invasive surgery is a type of surgical technique, which decreases the size of incisions required and also has a lesser recovery time. The minimally device is an instruments and equipments that are used to do this type of surgeries. The medical device is placed within the patients at the time of surgery. There are various procedures they require the need of laparoscopic or arthroscopic devices and endoscope along with large display panel for indirect observations as well as remote control manipulation of equipments.

 The surgery is majorly carried out through the small body cavity or through the skin or an anatomical opening and it can also involve a robot assisted system. Minimally invasive devices are a simply invasive device that enters the body by using a minimal footprint. These devices pack more controls and tools into rapidly growing compact architectures are posing different new challenges in manufacture, engineering, and design.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising number of surgeries is expected to boost the market growth in the coming years.
  • Rapid growth of the hospital sector is major factor propelling the market expansion during the forecast period.
  • High cost of the minimally invasive devices is estimated to restrict the market growth in the coming years.
  • Lack of knowledge about devices to the people acts as main challenge that can impede the market expansion during the forecast period.
  • R&D investment and technological advancement in minimally invasive devices are projected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the North America minimally invasive devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

North America Minimally Invasive Devices Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Inflation devices, Handheld Instruments, and Surgical Scopes), Applications (Gastrointestinal, Urological, Cardiovascular, Orthopedic, Aesthetic, Gynecological, and Others)

Regional Scope

North America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Smith & Nephew; Abbott Laboratories; Medtronic Plc.; Zimmer Biomet; Intuitive Surgical Inc.; Johnson & Johnson; B.Braun Melsungen AG; Boston Scientific Corp.; Stryker Corp.; CONMED Corp.; GE Healthcare; Siemens Healthineers; Olympus Corp.; and Koninklijke Philips NV

 

Market Segment Insights:

Handheld instruments segment is projected to account for a large market share

Based on products, the North America minimally invasive devices market is divided into inflation devices, handheld instruments, and surgical scopes. The handheld instruments segment is expected to constitute a key share of the market during the forecast period owing to the development of dexterity, rising number of surgical procedures, and decreasing cost of articulating laparoscopic handheld surgical instruments. However, the inflation devices segment is anticipated to expand at a rapid pace during the forecast period due to growing adoption of inflation devices.

Cardiovascular segment is projected to hold a key market share

On the basis of applications, the market is segmented into gastrointestinal, urological, cardiovascular, orthopedic, aesthetic, gynecological, and others. The cardiovascular segment is expected to represent a key share of the market in the coming years due to increasing awareness regarding the importance of early detection of cardiovascular competitions and rising prevalence of cardiac diseases. On the other hand, the orthopedic segment is anticipated to expand at a rapid pace during the forecast period owing to growing adoption of minimally invasive devices and convenience.

North America Minimally Invasive Devices Market by applications

Segments

Segments Covered in the Report
The North America minimally invasive devices market has been segmented on the basis of

Products

  • Inflation devices
  • Handheld Instruments
  • Surgical Scopes

Applications

  • Gastrointestinal
  • Urological
  • Cardiovascular
  • Orthopedic
  • Aesthetic
  • Gynecological
  • Others

Region

  • North America

Key Players

  • Smith & Nephew
  • Abbott Laboratories
  • Medtronic Plc.
  • Zimmer Biomet
  • Intuitive Surgical Inc.
  • Johnson & Johnson
  • B.Braun Melsungen AG
  • Boston Scientific Corp.
  • Stryker Corp.
  • CONMED Corp.
  • GE Healthcare
  • Siemens Healthineers
  • Olympus Corp.
  • Koninklijke Philips NV

Competitive Landscape

Key players competing in the North America minimally invasive devices market include Smith & Nephew; Abbott Laboratories; Medtronic Plc.; Zimmer Biomet; Intuitive Surgical Inc.; Johnson & Johnson; B.Braun Melsungen AG; Boston Scientific Corp.; Stryker Corp.; CONMED Corp.; GE Healthcare; Siemens Healthineers; Olympus Corp.; and Koninklijke Philips NV. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

North America Minimally Invasive Devices Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Minimally Invasive Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Minimally Invasive Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Minimally Invasive Devices Market - Supply Chain
  4.5. Global Minimally Invasive Devices Market Forecast
     4.5.1. Minimally Invasive Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Minimally Invasive Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Minimally Invasive Devices Market Absolute $ Opportunity
5. Global Minimally Invasive Devices Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Minimally Invasive Devices Market Size and Volume Forecast by Applications
     5.3.1. Gastrointestinal
     5.3.2. Urological
     5.3.3. Cardiovascular
     5.3.4. Orthopedic
     5.3.5. Aesthetic
     5.3.6. Gynecological
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Minimally Invasive Devices Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Minimally Invasive Devices Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Minimally Invasive Devices Demand Share Forecast, 2019-2026
7. North America Minimally Invasive Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Minimally Invasive Devices Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Minimally Invasive Devices Market Size and Volume Forecast by Applications
     7.4.1. Gastrointestinal
     7.4.2. Urological
     7.4.3. Cardiovascular
     7.4.4. Orthopedic
     7.4.5. Aesthetic
     7.4.6. Gynecological
     7.4.7. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Minimally Invasive Devices Demand Share Forecast, 2019-2026
8. Latin America Minimally Invasive Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Minimally Invasive Devices Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Minimally Invasive Devices Market Size and Volume Forecast by Applications
     8.4.1. Gastrointestinal
     8.4.2. Urological
     8.4.3. Cardiovascular
     8.4.4. Orthopedic
     8.4.5. Aesthetic
     8.4.6. Gynecological
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Minimally Invasive Devices Demand Share Forecast, 2019-2026
9. Europe Minimally Invasive Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Minimally Invasive Devices Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Minimally Invasive Devices Market Size and Volume Forecast by Applications
     9.4.1. Gastrointestinal
     9.4.2. Urological
     9.4.3. Cardiovascular
     9.4.4. Orthopedic
     9.4.5. Aesthetic
     9.4.6. Gynecological
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Minimally Invasive Devices Demand Share Forecast, 2019-2026
10. Asia Pacific Minimally Invasive Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Minimally Invasive Devices Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Minimally Invasive Devices Market Size and Volume Forecast by Applications
     10.4.1. Gastrointestinal
     10.4.2. Urological
     10.4.3. Cardiovascular
     10.4.4. Orthopedic
     10.4.5. Aesthetic
     10.4.6. Gynecological
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Minimally Invasive Devices Demand Share Forecast, 2019-2026
11. Middle East & Africa Minimally Invasive Devices Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Minimally Invasive Devices Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Minimally Invasive Devices Market Size and Volume Forecast by Applications
     11.4.1. Gastrointestinal
     11.4.2. Urological
     11.4.3. Cardiovascular
     11.4.4. Orthopedic
     11.4.5. Aesthetic
     11.4.6. Gynecological
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Minimally Invasive Devices Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Minimally Invasive Devices Market: Market Share Analysis
  12.2. Minimally Invasive Devices Distributors and Customers
  12.3. Minimally Invasive Devices Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Smith & Nephew
     12.4.2. Abbott Laboratories
     12.4.3. Medtronic Plc.
     12.4.4. Zimmer Biomet
     12.4.5. Intuitive Surgical Inc.
     12.4.6. Johnson & Johnson
     12.4.7. B.Braun Melsungen AG

Segments Covered in the Report
The North America minimally invasive devices market has been segmented on the basis of

Products

  • Inflation devices
  • Handheld Instruments
  • Surgical Scopes

Applications

  • Gastrointestinal
  • Urological
  • Cardiovascular
  • Orthopedic
  • Aesthetic
  • Gynecological
  • Others

Region

  • North America

Key Players

  • Smith & Nephew
  • Abbott Laboratories
  • Medtronic Plc.
  • Zimmer Biomet
  • Intuitive Surgical Inc.
  • Johnson & Johnson
  • B.Braun Melsungen AG
  • Boston Scientific Corp.
  • Stryker Corp.
  • CONMED Corp.
  • GE Healthcare
  • Siemens Healthineers
  • Olympus Corp.
  • Koninklijke Philips NV

Key players competing in the North America minimally invasive devices market include Smith & Nephew; Abbott Laboratories; Medtronic Plc.; Zimmer Biomet; Intuitive Surgical Inc.; Johnson & Johnson; B.Braun Melsungen AG; Boston Scientific Corp.; Stryker Corp.; CONMED Corp.; GE Healthcare; Siemens Healthineers; Olympus Corp.; and Koninklijke Philips NV. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

North America Minimally Invasive Devices Market by key players

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