The Market for Minimally Invasive Medical Devices

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Dec 31, 2014, 08:02 ET

LONDON, Dec. 31, 2014 This BCC Research report looks at the current and future markets, and analyze technological, demographic and economic developments that may have a long-term impact on the size and structure of the market for minimally invasive devices and instruments.

Use this report to:
- Review the minimally invasive surgical devices industry and the U.S. market for these devices.
- Gain insight into major types and applications of minimally invasive surgical devices and instruments.
- Learn about the future of minimally invasive surgical devices and instruments.
- Receive information about profiles of key companies in the field.

Highlights
- The global market for minimally invasive medical devices and equipment totaled $14.5 billion in 2013. The market reached roughly $15.4 billion in 2014 and is expected to reach $21.5 billion in 2019, registering a compound annual growth rate (CAGR) of 6.8% for the period 2014-2019.
- The U. S. as a segment will grow from about $10.2 billion in 2014 to about $ 14.0 billion by 2019 at a 6.4% CAGR for the period 2014-2019.
- Europe as a segment will grow from nearly $3.3 billion in 2014 to $4.8 billion in 2019, increasing at a CAGR of 7.9% from 2014-2019.

Introduction & Scope

INTRODUCTION

MINIMALLY INVASIVE SURGERY
Minimally invasive surgery is performed without making a major incision or opening, resulting in fewer traumas for the patient and yielding significant cost savings. These
are results of shorter hospitalization times and reduced therapy requirements. 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. Thus, minimally invasive surgery is defined either as based on the operative procedure
(e.g., small incisions) or the outcome (reduced surgical complications or costs). However, minimally invasive is not the same as minor surgery. Some "minimally invasive" procedures (e.g., coronary artery bypass surgery) are still major operations requiring a hospital stay.

In minimally invasive surgery, 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. To do this, the physician inserts surgical instruments and auxiliary devices, such as irrigation and drainage devices, through one or more small incisions. Minimally invasive procedures share some important characteristics with minimally invasive surgery but should not be confused with either ambulatory ("walk-in") or noninvasive surgery.
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