The Market for Minimally Invasive Medical Devices

August 16, 2011

Wellesley, Mass. – In a recent release,THE MARKET FOR MINIMALLY INVASIVE MEDICAL DEVICES (HCL051F) from BCC Research (www.bccresearch.com), the global minimally invasive surgical (MIS) devices market was valued at $13.4 billion in 2010, and $14.4 billion in 2011. That value is projected to reach $21.1 billion in 2016, after increasing at a five-year compound annual growth rate (CAGR) of 7.9%.

Minimally invasive surgery is performed without making a major incision or opening, where a miniature camera is introduced into the body through a small incision. It transmits images to a video monitor, enabling the physician to diagnose and, if necessary, treat a variety of conditions resulting in fewer traumas for the patient and yielding significant cost savings. Other benefits of minimally invasive surgery are less pain, less need for postsurgical pain medication, less scarring, and less likelihood of complications related to the incision.

Surgical devices (stents, catheters, and guide wires) are the largest product segment of the U.S. minimally invasive surgery market. They accounted for about a 67% share in 2010. Monitoring and visualization systems made up the second-largest segment in 2010, with an 11% market share, followed by endosurgical instruments (10%), electrosurgical equipment (8%), and robotics (3%). Surgical robots are the fastest-growing equipment/device segment at a CAGR of 21.4% between 2011 and 2016, followed by surgical devices, with a CAGR of 7.7%.

The report has been written for the minimally invasive surgical interest community, but it is especially tailored for readers with an interest in the marketing and management dimensions of MIS devices and instruments. This report also can be especially useful to those in the medical and surgical devices industry, medical research institutions, the investment community, and the financial analyst community.

To Contact us, click here  

The Market for Minimally Invasive Medical Devices( HLC051F )
Publish Date: Jun 2011    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.