(EMAILWIRE.COM, June 04, 2019 ) According to research report the minimally invasive surgical instruments market is projected to reach USD 21.47 Billion by 2021 from USD 13.89 Billion in 2016, at a CAGR of 9.1%.
Orthopedic and Cosmetic/Bariatric Surgeries and Emerging Markets Are Offering Lucrative Opportunities for Growth in the Minimally Invasive Surgical Instruments Market
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The report segments the global minimally invasive surgical (MIS) instruments market on the basis of products, applications, and regions. On the basis of products, the global MIS instruments market is segmented into handheld instruments, cutter instruments, inflation systems, guiding devices, and auxiliary instruments. The handheld instruments segment is further categorized into forceps, spatulas, retractors, dilators, graspers, stents, and others. The guiding devices segment in bifurcated into guiding catheters and guidewires. The inflation segment is further categorized into balloons, balloon inflation devices, and others. The cutter instruments segment is sub-segmented into rasps, trocars, and others. The guiding devices segment is expected to be the fastest-growing segment by 2019. Guiding catheters and guidewires are widely used in interventional angioplasty procedures as well as in peripheral MIS procedures.
On the basis of applications, the MIS instruments market is segregated into cardiothoracic surgery, vascular surgery, cosmetic/bariatric surgery, gastrointestinal surgery, gynecological surgery, urological surgery , orthopedic surgery, and others (ENT/respiratory surgery, neurological surgery, dental surgery, and pediatric surgery). Cardiothoracic surgery accounted for the largest segment in 2014. The large share is attributed to the rising prevalence of cardiac diseases across the globe, aging population, and technological advancements.
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On the basis of regions, the MIS instruments market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2014, North America dominated the MIS instruments market mainly due to technological advancements in the MIS instruments market and favorable government support for research in countries such as U.S. and Canada. However, the Asia-Pacific MIS instruments market is estimated to grow at the highest growth rate during the forecast period. Increasing purchasing power of the middle class population and rising awareness about MIS techniques in different surgical procedures in countries such as China, India, and Japan are fuelling the growth of the Asia-Pacific region.

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