The robotic Minimally Invasive Surgical Instruments Market is expected to grow at a faster rate with a CAGR of 11.7% and is expected to reach $5.8 billion by 2016.
(PRWEB) May 26, 2012
The “Minimally Invasive Surgical Instruments, Imaging & Visualization Systems and Medical Robotics Market (2011 – 2016)” analyzes and studies the major market drivers, restraints, and opportunities in Americas, Europe, Asia, and Rest of the World.
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This report studies the global minimally invasive surgical instruments, imaging & visualization systems and medical robotics market over the forecast period 2011-2016.
Minimally invasive surgical (MIS) procedure refers to the surgery performed with minute incisions in the body and treating, for instance, plaque blockages in the arteries of the heart and other vessel walls of peripheral organs such as lower extremities, neck, kidneys and brain. The principal advantage of these procedures over surgery is short recovery time, short length scars, low risk of infection, bleeding and shorter hospital stays.
The global minimally invasive surgical devices market is classified into handheld instruments, guiding devices, inflation systems, auxiliary devices, ultrasound, X-ray, CT & MRI imaging, electrosurgical devices and robotic-assisted surgery systems. MIS market is expected to grow at a faster rate with a CAGR of 8.2% from 2011 to 2016.
The global minimally invasive surgical market has seen challenging and dynamic market conditions, but still remains strong, with a size of approximately $23 billion in 2011 and an estimated annual growth rate of 8% over the next five years. A large number of technological innovations in the devices used in such procedures have been seen in the past years, with newer devices coming up with better safety and efficacy attributes contributing to widespread adoption of the minimally invasive procedures by physicians worldwide. Although widespread investment in research and development for MIS is still poor, venture funding will have a tremendous impact on the overall revival, as economic conditions improve gradually.
The worldwide market for minimally invasive surgery devices and imaging & visualization systems including robotic systems is principally commanded by major multinationals, such as Intuitive Surgical, GE Healthcare, Philips, Siemens and Covidien.
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