Europe Minimally Invasive Surgical Instruments Market to Register Formidable CAGR in Coming Years
Growing geriatric population
and number of surgeries performed is expected to drive the growth of Europe
minimally invasive surgical instruments market
According
to TechSci Research report, “Europe
Minimally Invasive Surgical Instruments Market By Instrument (Endoscopes,
Laparoscopy Access Instruments, Laparoscopy Handheld Instruments, Robotic
Assisted Surgical Systems, Electrosurgery, Visualization and Monitoring
System), By Type (Endoscopy, Laparoscopy, Robotics), By Application
(Gynecology, Orthopedic Surgery, Respiratory, Oncology, Gastrointestinal,
Urology, Cardiology, Others), By End-User (Hospitals, Surgical Centers,
Others), By Country, Forecast & Opportunities, 2025”, the Europe minimally
invasive surgical instruments market is expected to witness high growth during
the forecast period. The key factor behind the growth of Europe minimally
invasive surgical instruments include growing geriatric population and the
number of surgeries performed on this section of population. Moreover, rising
technological advancements in healthcare industry is further estimated to drive
the market growth over the coming years. Additionally, the reason behind the wide
acceptance of minimally invasive surgical instruments over traditional open
surgeries is that it involves smaller incisions. Because incisions are smaller,
minimally invasive surgery is less painful than open surgery, which is
projected to boost the growth of market in the years to come. In addition to
this, they are less traumatic, and patients recover at a faster rate after these
surgeries. This is estimated to aid the growth of Europe minimally invasive
surgical instruments market during the forecast period. However, the Europe minimally
invasive surgical instruments market also faces some restraints such as reimbursement
challenges and uncertain regulatory framework in medical device market.
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The Europe minimally invasive surgical instruments market is segmented
based on instrument, type, application, end-users and country. Based on
instrument type, the market is segmented into endoscopes, laparoscopy access
instruments, laparoscopy handheld instruments, robotic assisted surgical
systems, electrosurgery, visualization and monitoring system. Among them, the
handheld instruments segment dominated the market in 2019 and is anticipated to
hold its leading position over the coming years as well due to technological
innovations and their rapid adoption in minimally invasive surgeries.
Additionally, these kinds of devices provide easier access during surgeries
with instrument triangulation, thereby reducing the risk of potential mistakes.
Based on application, the market is divided into gynecology, orthopedic
surgery, respiratory, oncology, gastrointestinal, urology, cardiology and
others. Among them, the gastrointestinal segment is expected to grow at a
faster rate during the forecast period owing to increasing cases of
gastrointestinal diseases. Change in lifestyle and fast-food culture leads to
gastrointestinal problems like constipation and irritable-bowel syndrome in
both young and old. This is further contributing to the growing trend.
Medtronic PLC, Johnson &
Johnson, Stryker Corporation, B. Braun Melsungen AG, CONMED Corporation, Smith
& Nephew PLC, Abbott Laboratories, Zimmer Biomet Holdings, Inc., Boston
Scientific Corporation, Becton, Dickinson and Company, HOYA Corporation, The
Cooper Companies, Inc., Surgical Innovations Group PLC, Omniguide Holdings Inc.,
Applied Medical Resources Corporation are some of the leading players
operating in Europe minimally invasive surgical instruments market.
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“Huge expenditure on research and developmental
activities are creating a huge growth potential for minimally
invasive surgical instruments manufacturers. Moreover, improved healthcare
infrastructure in the region is expected to bolster the market growth in the
coming years. Furthermore, increasing number of surgical centers are further
anticipated to positively influence the market growth through 2025”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Europe Minimally Invasive Surgical Instruments Market
By Instrument (Endoscopes, Laparoscopy Access Instruments, Laparoscopy Handheld
Instruments, Robotic Assisted Surgical Systems, Electrosurgery, Visualization
and Monitoring System), By Type (Endoscopy, Laparoscopy, Robotics), By
Application (Gynecology, Orthopedic Surgery, Respiratory, Oncology,
Gastrointestinal, Urology, Cardiology, Others), By End-User (Hospitals,
Surgical Centers, Others), By Country, Forecast & Opportunities, 2025” has evaluated the future growth potential of Europe minimally
invasive surgical instruments market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in
Europe minimally invasive surgical instruments market.
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