January 27, 2021
According to the business intelligence report titled ‘Global Minimal Invasive Surgical Systems Market Analysis, 2020’, available with Market Study Report, global minimal invasive surgical systems market is anticipated to grow at a noteworthy compound annual growth rate of 7.5% over the stipulated timeframe of 2021-2026.
Factors such as escalating product demand from healthcare facilities, favorable government initiatives aimed at reducing medical expenditure, and increasing frequency of surgical procedures are augmenting the expansion of the global minimal invasive surgical systems market size.
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Rising disposable incomes, innovative product launches, increasing investments in the business sphere, and strategic alliances such as acquisitions and mergers by market players are further augmenting the industry expansion.
Furthermore, technological advancements, increasing establishment of ambulatory surgical centers, and escalating tourist patient population, predominantly in China and India are stimulating the global minimal invasive surgical systems market outlook.
With regards to type, the overall market is segmented into surgical robots and conventional MISS. The end-user spectrum of the industry comprises of specialty clinics, ambulatory surgical centers, and hospitals among others.
Speaking of application spectrum, the business is fragmented into head & neck surgery, orthopedic surgery, cardiovascular surgery, general surgery, gynecology surgery, urology surgery, and others.
Among these, the cardiovascular surgery segment is projected to emerge as a lucrative growth avenue for worldwide minimal invasive surgical systems market during 2021-2026, on account of rising prevalence of cardiovascular diseases among young adults along with growing geriatric population.
As per the regional analysis of the research report, global minimal invasive surgical systems market sphere is bifurcated into Middle East & Africa, Asia-Pacific, South America, Europe, and North America.
Major players that formulate the competitive dashboard of the industry vertical include Think Surgical Inc., Mako Surgical Corp., Stereotaxis Inc., Smith & Nephew Plc, Restoration Robotics Inc., Reinshaw Plc, Olympus Corporation, Mazor Robotics Ltd., Zimmer Biomet Robotics (formerly Medtech SA), Medrobotics Corporation, Intuitive Surgical Inc., Corindus Vascular Robotics Inc., Cook Medical Inc., Boston Scientific Corporation, and Johnson & Johnson.