This report will analyze the market potential for minimally-invasive and non-invasive surgery. The major factor driving market growth is the increasing demand for minimally-invasive/non-invasive heart surgery, as these are safer and cheaper than invasive techniques. Following the rising levels of beauty-consciousness, the market is also witnessing a rising demand for minimally-invasive cosmetic surgeries. The end-users of the minimally-invasive and non-invasive surgery products are mainly hospital surgical departments, outpatient surgery centers, group medical practices, individual surgeons, and medical schools. Surgical devices constitute about 69% of the entire minimally-invasive and non-invasive device market.
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Minimally Invasive and Non Invasive Product and Service Market
1. Minimally Invasive
and Non Invasive
Product and
Service Market
Worth $24.4
Billion.
The global minimally invasive/ non-invasive market is estimated to be
approximately $16.4 billion and is expected to reach $24.4 billion.
2. As the people are demanding more convenience such as painless treatment, and less post-operative stay in surgeries,
the market is set to evolve as a miniature instrument based surgery in the future, which will ensure further convenience
in such type of surgeries. The introduction of capsule endoscopy is one such example. The minimal invasive surgery
market is evolving towards more convenience for the patients and subsequent technological advancements. This
showcases the growth potential of the miniature instruments based surgeries in future.
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In 2009, the global minimal invasive/ noninvasive market is estimated to be approximately $16.4 billion and is expected
to reach $24.4 billion by 2014 at a CAGR of 8.3%.
Major driving factors for the minimal invasive/ non-invasive surgery market
Increase in aging population (65 years and above)
Increase in demand of less risky operating methods
Pressure to reduce health care cost
Lesser hospitalization period compared to conventional surgeries
Higher rate of acceptance
Major restraints for the minimally invasive/ non-invasive surgery market
Limited number of surgeries performed with minimally invasive technique
Requirement of specialized training and equipment’s to perform such surgeries
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Major opportunities for the minimally invasive/ non-invasive surgery market lies in its huge market size and growth
which is driving new entrants in the market.
In the minimally invasive product market (which includes surgical devices, monitoring and visualization system,
endosurgical equipments, medical robotics, and electrosurgical equipment), medical robotics is the fastest growing
segment which is expected to reach $1.1 billion by 2014 growing at a CAGR of 21.3%, while surgical device alone
constitute approximately $11.3 billion in 2009, which is more than 65% of the entire market.
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In the minimally invasive application market (which includes gastrointestinal surgery, gynecology surgery, urology
surgery, cosmetic surgery, obesity surgery, thoracic surgery, cardiac surgery, vascular surgery, orthopaedic surgery,
and other surgery), cardiac surgery forms the major share of this market with estimated annual revenue of $11.2 billion
in 2009. While orthopedic surgery is the highest growing market with a CAGR of 12.9% for the period 2009 to 2014
mainly due to introduction of new technologies such as joint replacements and bio implants in such surgeries.
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