The Global Minimal Invasive Surgical Systems market is expected to grow at an astronomical rate in the forecast period. The growth is attributed to a booming geriatric population, rising prevalence of chronic diseases and surging adoption of minimally invasive surgeries over conventional ones. Moreover, growing awareness for minimal invasive surgeries among people, rising technological advancement in minimally invasive surgery (MIS) devices, and escalating cases of neurological disorders are projected to place a significant impact toward the growth of the market in the forthcoming timeline. However, the COVID-19 outbreak has led to a decline in the growth due to disruption of supply chain along with postponement of the various elective surgeries and medical procedures to cope with the pressure.
According to MarkNtel Advisors’ research report titled “Global Minimal Invasive Surgical Systems Market Analysis, 2020”, the Global Minimal Invasive Surgical Systems market is anticipated to grow at a CAGR of around 30% during 2021-26F. Based on End User, Hospitals acquired the majority share in 2019 owing to a burgeoning number of outpatient surgeries, and burgeoning government initiative to develop healthcare infrastructure. Moreover, the reimbursement facility offered by the hospitals has surged the customer preference toward minimally invasive surgical devices.
“Global Minimal Invasive Surgical Systems Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Minimal Invasive Surgical Systems providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Asia-Pacific Acquired the Considerable Share
Asia-Pacific has acquired a considerable share in the market in 2019. The growth of the market is attributed to surging demand for better monitoring devices among customers, rapidly improving technology, and the increasing number of the patient population. Moreover, rising government initiatives toward the betterment of the healthcare sector, growing prevalence of arthritis, cancer, and cardiovascular diseases, coupled with the introduction of technologically advanced products such as narrow-band imaging endoscopes and HD cameras are anticipated to bolster the growth of the Minimal Invasive Surgical Systems Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Minimal Invasive Surgical Systems Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Minimal Invasive Surgical Systems market are Johnson & Johnson, Boston Scientific Corporation, Cook Medical, Corindus Vascular Robotics Inc, Intuitive Surgical Inc, Medrobotics Corporation, Medtech SA, Mazor Robotics Ltd, Olympus Corporation, Reinshaw Plc, Restoration Robotics Inc, Smith & Nephew Plc, Stereotaxis Inc, Mako Surgical Corp, Think Surgical Inc etc.
Key questions answered in the study: