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Kenneth Research has evaluated the current market opportunities in Minimally Invasive Surgical Instrument Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
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 $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Minimally Invasive Surgical Instrument Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
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 Minimally invasive/non invasive devices and surgical market is growing at an impressive pace with a CAGR of 11% during 2018 – 2028. 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.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Companies Profiled include
1. Medtronic
2. Aesculap INC
3. Siemens
4. Abbot Laboratories
5. Smith & Nephew PLC
6. Given Imaging
7. Stryker
8. Boston Scientific
9. Intuitive Surgical
10. Biomet Inc
11. Johnson and Johnson
12. GE Healthcare
13. Philips
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 upto 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. In-depth profiling of companies
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).
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WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
- Key Topic Covered in this Report
- Market Growth Opportunities
- Leading Market Players
- Market Size and Growth Rate
- Market Growth Drivers
- Company Market Share
- Market Trends and Technological Innovations
- Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Download Sample of This Strategic Report-:
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
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