Minimally Invasive Surgical Instruments Market Share, and Opportunities

1. Minimally Invasive Surgical Instruments Market to Register 9.3% CAGR during 2017–2023 © P&S Intelligence. All rights reserved Page 1

2. As per a report by P&S Intelligence, the global minimally invasive surgical instruments market is predicted to reach a value of $53.1 billion in 2023, increasing from $28.7 billion in 2016, and is projected to progress at a 9.3% CAGR during the forecast period (2017–2023). The market is growing due to the rising prevalence of chronic diseases, increasing geriatric population, surging requirement for minimally invasive surgeries, and rising government healthcare expenditure across the globe. In terms of product, the minimally invasive surgical instruments market is divided into inflation systems, handheld instruments, guiding devices, and electrosurgical instruments. Out of these, the handheld instruments category accounted for a major share of 36.4% in 2016, owing to the fact that these devices lead to reduced strain on fingers when operative procedures are going on. Because of this, the adoption of minimally invasive handheld instruments is growing amongst surgeons across the globe. Handheld instruments include spatulas, graspers, sutures, forceps, retractors, and dilators. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/minimally- invasive-surgical-instruments-market/report-sample On the basis of application, the minimally invasive surgical instruments market is categorized into urology, laparoscopy, neurosurgery, cardiovascular, ophthalmology, cosmetic surgery, obstetrics and gynecology, and orthopedic surgery. The laparoscopy division dominated the market in the past and is predicted to account for a 25.1% share of the market by 2023. The surging prevalence of obesity and the rising using usage of laparoscopy for weight reduction surgeries is resulting in the growth of the category. The cardiovascular division is predicted to register the fastest growth during the forecast period. Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry- url=minimally-invasive-surgical-instruments-market Geographically, the market was led by North America in the past because of the rising prevalence of chronic diseases, increasing geriatric population, enhanced healthcare infrastructure, and growing number of surgical procedures. The Asia-Pacific region is expected to progress at the fastest pace during the forecast period because of the rising number of patients suffering from chronic diseases. In addition to this, the growing per capita income and developing healthcare facilities are also contributing to the growth of the regional domain. © P&S Intelligence. All rights reserved Page 2

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