MIS Instruments Industry Insights on Scope and Growing Demands 2025
Market growth is largely driven by factors such as increasing number of minimally invasive surgical procedures across the globe, the advantages of minimally invasive surgeries over traditional open surgeries. However, the uncertain regulatory framework in the medical device industry is a major factor restraining the growth of this market during the forecast period.
According to research report the global MIS Instruments Market is expected to reach $32.7 billion by 2025, at a CAGR of 8.5%.
The cardiothoracic surgery segment accounted for the largest share of the global MIS devices market in 2018. Based on type of surgery, the global minimally invasive surgical instruments market is divided into cardiothoracic surgery, gastrointestinal surgery, cosmetic & bariatric surgery, orthopedic surgery, gynecological surgery, urological surgery, and other surgeries. The large share of this segment can be attributed to the rising prevalence of cardiac diseases, growing awareness about the benefits of early detection of cardiovascular complications, the growing number of coronary and percutaneous cardiology interventions, and increasing adoption of MIS instruments owing to their convenience and better results as compared to other techniques.
Handheld instruments accounted for the largest share of the MIS devices market in 2018. Based on product, the MIS instruments market is segmented into handheld instruments, inflation devices, surgical scopes, cutting instruments, guiding devices, electrosurgical & electrocautery instruments, and other instruments. Owing to factors such as the increasing number of surgical procedures and the development of high-dexterity, low-cost articulating laparoscopic handheld surgical instruments.
The major companies in the MIS instruments market include Medtronic plc (Ireland), Johnson & Johnson (US), Smith & Nephew plc (US), Stryker Corporation (US), B. Braun Melsungen AG (Germany), Boston Scientific Corporation (US), and CONMED Corporation (US).
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