In a recent published report, Kenneth Research has updated the market report for Minimally Invasive Surgical Instruments Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Minimally Invasive Surgical Instruments Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Globally Minimally invasive/non invasive surgery and devices are widely adopted due to increase in surgeries. According to Centers for Disease Control and Prevention, there has been a solid increase in the surgeries in the US. Earlier the surgeries involved with much pain, however, with the introduction of minimally invasive/non invasive surgeries the patient experiences less pain, shorter hospital stay, less complication, quick recovery and less blood loss. Additionally, the minimally invasive surgeries with minimum insertion leave very small scars compared to the traditional surgeries. As a result the adoption of minimally invasive surgeries paced up over the years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The market is segmented on the basis of product and applications. The product includes wide range of devices such as endoscopic devices, handheld devices, guiding devices, inflation systems, surgical robots and so on. By applications the market is segmented in cardiothoracic surgery, gastrointestinal surgery, orthopedic surgery, laparoscopic surgery, diagnostics, and cosmetic surgery and so on. Moreover, the report has covered only the product market of global minimally invasive/non invasive surgery instrument and device market.
Moreover, increase in healthcare expenditure, increase in life style oriented diseases such as Cancer, CVD, CHD, disability and other heart diseases is also influencing the minimally invasive/non invasive instrument and device market. Major players of minimally invasive/non invasive surgery and device market includes- GE Healthcare, Siemens, Stryker, Olympus, Medtronic, Abbott Diagnostics, Toshiba medical systems, Boston scientific, J&J, Aesculap, Intuitive surgical.
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Companies Profiled include
2. Aesculap INC
4. Abbot Laboratories
5. Smith & Nephew PLC
6. Given Imaging
8. Boston Scientific
9. Intuitive Surgical
10. Biomet Inc
11. Johnson and Johnson
12. GE Healthcare
14. Conmed Corporation
15. Cooper Surgical Inc
16. Ethicon Endo-Surgery Inc
17. Hitachi Medical Corporation
18. Karl Storz Endoscope Berlin GMBH
19. Olympus Corporation
20. Toshiba Medical Systems
This Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR up to 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. In-depth profiling of companies
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Key Answers Captured in Report?
- Which geography would have better demand for products/services?
- What are the strategies adopted by big players in the regional market?
- Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
- What is the current & expected market size in the next five years?
- What is the market feasibility for long term investment?
- What opportunity the country would offer for existing and new players in the market?
- What is the risk involved for suppliers in the geography?
- What factors would drive the demand for the product/service in the near future?
- What is the impact analysis of various factors in market growth?
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