With the cutting-edge technological advancements in the fields such as capsule endoscopy and drug eluting stents, the market for minimally invasive surgery (MIS) is set to evolve due to the increasing demand for patient convenience, such as painless treatment and reduced post-operative stay. The global MIS market is expected to be worth $24.4 billion by 2014, growing at an expected CAGR of 8.3% from 2009 to 2014. Medical robotics is the fastest growing segment in the MIS product market (which also includes surgical devices, monitoring and visualization systems, endosurgical equipment, and electrosurgical equipment).

Cardiac or cardiovascular surgery forms the major segment in the MIS application market (which also includes gastrointestinal surgery, gynaecology surgery, urology surgery, cosmetic surgery, obesity surgery, thoracic surgery, vascular surgery, orthopaedic surgery, and other surgery). Orthopedic surgery is the fastest-growing market for the period 2009 to 2014, mainly due to the introduction of new innovative technologies such as joint replacements and bio-implants.

High cost pressure in general healthcare systems, technology innovations in healthcare, Government support, and increased demand for less invasive surgeries; has created a large number of opportunities for MIS market. Abbott Laboratories, Arthrocare, Biomet, Boston Scientific, Covidien, CR Bard, Intuitive Surgical, Karl Storz, Medtronic, Smith & Nephew, and Stryker are some of the major players in Global MIS market.

The briefing on the Global Minimally/Non-Invasive Surgery Market (2009-2014) will benefit the Minimally/Non-Invasive Surgical Equipment Manufacturers, hospital surgical departments, individual surgeons, outpatient surgery centers, contract research organizations, medical device/healthcare associations, research labs, healthcare service providers, regulatory authorities, and technology providers.

“We can expect to see a significant growth opportunity for the market as the demand of Minimally Invasive/ Non Invasive Surgeries and the subsequent products used for such surgeries is estimated to increase tremendously, triggered by the evolution of new application areas for the nearly maturing minimally invasive surgery market, high cost pressure in general healthcare systems, and increased demand for less invasive surgeries. Moreover, the Americas is expected to dominate the Global MIS market in 2014 with 59% of global MIS revenue” notes MarketsandMarkets.

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