Demand for Minimally Invasive Surgery Highest in Cosmetic Procedures, Mis Market to Notch Us$50.60 Bn by 2019

The remarkable rise in the number of aged people worldwide is yet another growth enabler in the global minimally invasive surgery market, finds the report. Moreover, the rising prevalence of target diseases – of which cancer is one – requires patients to undergo multiple surgeries during the course of treatment. In most such cases, minimally invasive surgery is the preferred option.

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Notwithstanding these growth drivers, companies in the global minimally invasive surgery market will have to face headwinds in the form of the high cost of such surgeries as compared to conventional procedures. Furthermore, in countries such as the United States, the sale of medical devices is subjected to excise duty, which adds to the final cost of minimally invasive surgery. According to TMR’s analysts, this could stand in the way of the overall growth of the minimally invasive surgery market. Some of these losses can be assuaged if companies explore expansion opportunities in densely populated countries in Asia Pacific and Latin America, where people are spending progressively more on healthcare.

For a complete coverage of the global minimally invasive surgery market, the report segments the market on the basis of device type, surgery type, and geography. Thus, basis surgery type, the market for minimally invasive surgery is split into orthopedic, spinal, breast, cardiac, vascular, joint replacement, bariatric, urological, gastrointestinal, and gynecological surgery. As more and more consumers across the world place a greater emphasis on appearance and aesthetics, the demand for minimally invasive surgeries for cosmetic procedures will show the highest CAGR. This trend is mainly supported by the growing spending power of people in many developing economies. The second fastest growing market in terms of surgery type is for orthopedics. Conditions such as arthritis...