The Market for Minimally Invasive Medical Devices

The global market for MIS devices and equipment was about $14.5 billion in 2013. This market reached about $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.

This report provides:

-An overview of the global markets for minimally invasive medical devices and instruments.

-Analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.

-Historical and current volume and value data for shipments, specified by end user and geographic markets.

-Evaluation of demographic, economic, and other factors that will drive future demand for minimally invasive devices.

-Details concerning promising new surgical procedures and products still in the development and testing stage, and assessments of the probability that they will be commercialized successfully in the next five years.

-Analysis of the potential market for these developmental procedures and products, taking into account the estimated probability that they will be commercialized.

-A look at the structure of the minimally invasive surgical devices industry (e.g., market shares, concentration, and recent M&A activity).

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...