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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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