(PharmaNewsWire.Com, September 29, 2017 ) According to the report Middle East and Africa minimally invasive surgical instruments Market, published by Market Data Forecast the Market is expected to reach USD 2.31 billion by 2021 from USD 1.33 billion in 2016, growing at a CAGR of 11.64% for the next five years 2016-2021. Minimally invasive surgical procedures involve the use of surgery instruments (such as arthroscopic or laparoscopic devices) and remote controlled instruments to monitor the surgery through large display panel or endoscopy. Minimally invasive procedures eliminate large incisions & infections, reduce the long time hospital admission, and promote the early recovery. Currently, the utilization of minimally invasive surgical instruments has been increased. Some of the minimally invasive surgical instruments include, visualizing scope, stents, sutures, dilators, electrosurgical instruments, balloon inflation devices, guiding catheters, trocars, rasps, and cannulas, among others.
Increasing funding from government organizations, growing initiates to improving healthcare infrastructure, rising demand for minimally invasive surgical procedures, and growing economic status towards the purchasing of advanced technology products are driving the growth of minimally invasive surgical instruments market in Middle East and Africa. However, lack of health care infrastructure & outdated facilities and inadequate number of healthcare professionals using advanced surgery instruments are restraining the growth of minimally invasive surgical instruments market in Middle East and Africa.
Middle East and Africa minimally invasive surgical instruments market is segmented based on the product, application, and end users. Based on product, the market is further sub-segmented as handheld instruments, electrosurgical devices, inflation systems, guiding devices, cutter instruments, and auxiliary instruments. Handheld instruments segment is estimated to command the largest share of Middle East and Africa minimally invasive surgical instruments market by product in 2016. The electrosurgical devices segment is expected to grow at the highest CAGR during the forecast period 2016-2021.
Application segment is further categorized as orthopedic, gastrointestinal, cardiothoracic, urological, cosmetic, gynecology, vascular, and other applications. The orthopedic segment is estimated to command the largest share of Middle East and Africa minimally invasive surgical instruments market by application in 2016. Based on end users, the market is segmented as private hospitals & surgical clinics, government hospitals and academic & research institutes. The private hospitals & surgical clinics segment is estimated to account for the largest share of Middle East and Africa minimally invasive surgical instruments market by end users in 2016.
On the basis of geographical areas, Middle East and Africa minimally invasive surgical instruments market is segmented as Middle East, South Africa, and rest of Middle East and Africa.
The key players in minimally invasive surgical instruments market such as, Medtronic plc (Ireland), Ethicon, Inc. (U.S.), Aesculap, Inc. (Germany), Stryker Corporation (U.S.), Smith & Nephew (U.K.), ConMed Corporation (U.S.), Abbott Laboratories (U.S.), Applied Biomedical Resources Corporation (U.S.), Microline Surgical (Japan), and Zimmer Biomet (U.S.).
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