The minimally invasive surgery (MIS) devices market is well positioned for growth in the next 5 years. Advances in technology, biologics, stem cell research, and regenerative medicine will help to expand opportunities of MIS.
New York, NY (PRWEB) August 28, 2013
Minimally invasive surgeries, such as laparoscopic hernia, endoscopy or knee repair, have grown in popularity due to their ability to limit patient trauma and hospital stay time, according to Kalorama Information. The medical market research publisher said this has boosted the worldwide market for devices used in these procedures, valued at $27.0 billion in 2012. This is an increase of 5.4% over $24.2 billion estimated for 2010. The finding was made in Kalorama Information’s newest report on the topic, “The World Market for Minimally Invasive Surgical Devices.”
The market has experienced a number of technological advances over the years providing more opportunity for minimally invasive options in surgeries which were only available as an invasive procedure, according to the report.
“The minimally invasive surgery (MIS) devices market is well positioned for growth in the next five years,” said Mary Ann Crandall, Kalorama analyst and the author of the report. “Advances in technology, biologics, stem cell research, and regenerative medicine will help to expand opportunities of MIS.”
Minimally invasive surgery (MIS) is available for many different types of surgical operations. Surgery involving the orthopedic system is one of the larger areas for minimally invasive techniques and equipment. For example, between 40 and 50% of knee surgeries in the United States and developed regions in Europe are performed with minimally invasive surgery. Gastrointestinal system surgeries account for the largest number of surgical procedures of any other segment. In the United States, approximately 12 million surgeries are performed on the gastrointestinal system each year. The most common procedure, which is done as a non-surgical and surgical procedure, is small and large intestine endoscopy, which may or may not include biopsy. Inguinal herniorrhaphy surgery follows with several million performed annually.
MIS is appealing to patients because it means, less blood loss, smaller surgical scars, shorter hospital stays and less need for pain medication. Minimally invasive surgery is done both on an inpatient basis and on an outpatient basis. Most generally, it is performed on an outpatient basis. The procedure is performed through small incision(s) using specialized instruments, miniature cameras with microscopes, tiny fiber-optic flashlights and high definition monitors. In most cases, incisions are about 2 to 4 inches in length instead of the 6 to 10 inch incision required by traditional surgery. Minimally invasive key hole or port access techniques are also available for some types of surgery. Besides patient popularity, government and payor programs to focus on prevention bode well for some procedures.
“A concentration on earlier intervention for the prevention of disease will also stimulate the MIS market,” Crandall said.
Kalorama’s report breaks out market for scopes and surgical instruments for several categories of surgeries. The report contains regional distinctions of the market and profiles top competitors. The report can be found at http://www.kaloramainformation.com/Minimally-Invasive-Surgrical-7737562/
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog.