Market Research Reports

Minimally Invasive Surgery Market (Surgical Devices, Monitoring & Visualization Devices, and Endoscopy Devices) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

125pages
Published Date: 2014-01-06
 

Description


This report studies the global minimally invasive surgery (MIS) market from three perspectives, namely, types of devices used in performing these surgeries, various types of surgeries performed and the major geographic markets. The global market for MIS has been segmented into three main categories of devices that include surgical devices, monitoring and visualization devices, and endoscopy devices. Surgical devices are further classified as ablation devices, electrosurgical devices, and medical robotic systems. Similarly, the monitoring and visualization devices market has also been segmented into MRI equipment, CT scanners, X-ray devices, ultrasound equipment and other (PET and SPECT scanners, and combination devices such as PET/CT, PET/MRI, SPECT/CT, and SPECT/MRI).

The various types of minimally invasive surgeries performed have also been provided in the report. The global market for minimally invasive surgery has been segmented into orthopedic surgery (spinal surgery and joint replacement surgery), cosmetic surgery, breast surgery, vascular surgery, thoracic surgery, gynecological surgery, bariatric surgery, cardiac surgery, gastrointestinal surgery and urological surgery. Geographically, the report segments the global market into four main regions, namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). The market sizes and forecasts for the period 2011 to 2019, in terms of revenue (USD million), considering 2012 as the base year, have been provided for each device type, surgery type and geographic region, along with their sub-segments (if any). The report also provides the compounded annual growth rate (CAGR %) during the forecast period 2013 to 2019 for all the aforementioned segments and sub-segments.

The market overview section of the report discusses the market dynamics with respect to market drivers, restraints and opportunities. This section also covers a market attractiveness analysis (by geography) and Porter’s five forces analysis for the global minimally invasive surgery market. Market share (%) for the major players operating in this market has also been provided for the year 2012, followed by a list of recommendations for the existing and new players to enter and enhance their market shares and enter the market respectively. The report concludes with the company profiles of key players operating in various segments of the market. Each company profile includes the business overview, financial overview, product portfolio, business strategies and recent developments of the respective company. Some of the prominent players in the minimally invasive surgery market that have been profiled in this report include Intuitive Surgical, Inc., GE Healthcare, Philips Healthcare, Siemens Healthcare, Medtronic, Inc., Stryker Corporation, Biomet, Inc. and DePuy Synthes, Inc.

The global minimally invasive surgery market has been segmented as below:

Minimally Invasive Surgery Market, by Product Types
  • Surgical Devices
    • Ablation Devices
      • Radiofrequency Ablation
      • Microwave Ablation
      • Cryoablation
      • Others
    • Electrosurgical Devices
    • Medical Robotic Systems
  • Monitoring & Visualization Devices
    • X-Ray Devices
    • Computed Tomography (CT) Scanners
    • Magnetic Resonance Imaging (MRI) Equipment
    • UltrasoundEquipment
    • Others
  • Endoscopy Devices
Minimally Invasive Surgery Market, by Type of Surgery
  • Orthopedic Surgery
    • Spinal Surgery
    • Joint Replacement Surgery
  • Cosmetic Surgery
  • Breast Surgery
  • Vascular Surgery
  • Thoracic Surgery
  • Gynecological Surgery
  • Bariatric Surgery
  • Cardiac Surgery
  • Gastrointestinal Surgery
  • Urological Surgery
Minimally Invasive Surgery Market, by Geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Table of Contents



Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Introduction
3.2 Market Drivers
      3.2.1 Aging of global population
               3.2.1.1 Global Rate of Aging Population
      3.2.2 Technological advancements
      3.2.3 Rise in prevalence of target diseases such as cancer
      3.2.4 Rising demand for minimally invasive procedures
      3.2.5 Increase in per capita healthcare expenditure
3.3 Market Restraints
      3.3.1 Lack of reimbursement
      3.3.2 High cost of minimally invasive surgeries
      3.3.3 Excise duty imposed on sale of medical devices in the U.S. market
3.4 Market Opportunities
      3.4.1 Large target patient pool and rise in disposable income in emerging economies
3.1 Porters Five Force Analysis for the Global Minimally Invasive Surgery Market
      3.1.1 Bargaining power of suppliers
      3.1.2 Bargaining power of buyers
      3.1.3 Threat of substitutes
      3.1.4 Threat of new entrants
      3.1.5 Competitive rivalry
3.2 Market Attractiveness Analysis: Global Minimally Invasive Surgery Market, by Geography

Chapter 4 Global Minimally Invasive Surgery Market, By Device Type, 2011 – 2019 (USD Million)
4.1 Overview
      4.1.1 Global Minimally Invasive Surgery Market Revenue, by Device Type, 2011 - 2019 (USD Million)
      4.1.2 Comparative Analysis: Global Minimally Invasive Surgery Market, by Device Type, 2012 & 2019 (Value %)
4.2 Surgical Devices
      4.2.1 Global Surgical Devices Market Revenue, by Device Type, 2011 - 2019 (USD Million)
      4.2.2 Ablation Devices
              4.2.2.1 Global Ablation Devices Market Revenue, by Device Type, 2011 - 2019 (USD Million)
              4.2.2.2 Radiofrequency (RF) Ablation
                         4.2.2.2.1 Global Radiofrequency (RF) Ablation Devices Market Revenue, 2011 - 2019 (USD Million)
              4.2.2.3 Microwave Ablation
                         4.2.2.3.1 Global Microwave Ablation Devices Market Revenue, 2011 - 2019 (USD Million)
              4.2.2.4 Cryoablation
                         4.2.2.4.1 Global Cryoablation Devices Market Revenue, 2011 - 2019 (USD Million)
              4.2.2.5 Others
                         4.2.2.5.1 Global Other Ablation Devices Market Revenue, 2011 - 2019 (USD Million)
      4.2.3 Electrosurgical Devices
              4.2.3.1 Global Electrosurgical Devices Market Revenue, 2011 - 2019 (USD Million)
      4.2.4 Medical Robotic Systems
              4.2.4.1 Global Medical Robotic Systems Market Revenue, 2011 - 2019 (USD Million)
4.3 Monitoring and Visualization Devices
      4.3.1 Global Monitoring and Visualization Devices Market Revenue, by Device Type, 2011 - 2019 (USD Million)
      4.3.2 X-ray Devices
              4.3.2.1 Global X-Ray Devices Market Revenue, 2011 - 2019 (USD Million)
      4.3.3 Computed Tomography (CT) Scanners
              4.3.3.1 Global CT Scanners Market Revenue, 2011 - 2019 (USD Million)
      4.3.4 Magnetic Resonance Imaging (MRI) Scanners
              4.3.4.1 Global MRI Scanners Market Revenue, 2011 - 2019 (USD Million)
      4.3.5 Ultrasound Equipment
              4.3.5.1 Global Ultrasound Equipment Market Revenue, 2011 - 2019 (USD Million)
      4.3.6 Others
              4.3.6.1 Global Other Monitoring and Visualization Devices Market Revenue, 2011 - 2019 (USD Million)
4.4 Endoscopy Devices
      4.4.1 Global Endoscopy Devices Market Revenue, 2011 - 2019 (USD Million)

Chapter 5 Global Minimally Invasive Surgery Market Revenue, by Type of Surgery, 2011 – 2019 (USD Million)
5.1 Overview
      5.1.1 Global Minimally Invasive Surgery Market Revenue, by Type of Surgery, 2011 - 2019 (USD Million)
      5.1.2 Comparative Analysis: Global Minimally Invasive Surgery Market, by Type of Surgery, 2012 & 2019 (Value %)
5.2 Orthopedic Surgery
      5.2.1 Global Orthopedic Surgery Market Revenue, by Type of Surgery, 2011 - 2019 (USD Million)
      5.2.2 Spinal Surgery
               5.2.2.1 Global Spinal Surgery Market Revenue, 2011 - 2019 (USD Million)
      5.2.3 Joint Replacement Surgery
              5.2.3.1 Global Joint Replacement Surgery Market Revenue, 2011 - 2019 (USD Million)
5.3 Cosmetic Surgery
      5.3.1 Global Cosmetic Surgery Market Revenue, 2011 - 2019 (USD Million)
5.4 Breast Surgery
      5.4.1 Global Breast Surgery Market Revenue, 2011 - 2019 (USD Million)
5.5 Vascular Surgery
      5.5.1 Global Vascular Surgery Market Revenue, 2011 - 2019 (USD Million)
5.6 Thoracic Surgery
      5.6.1 Global Thoracic Surgery Market Revenue, 2011 - 2019 (USD Million)
5.7 Gynecological Surgery
      5.7.1 Global Gynecological Surgery Market Revenue, 2011 - 2019 (USD Million)
5.8 Bariatric Surgery
      5.8.1 Global Bariatric Surgery Market Revenue, 2011 - 2019 (USD Million)
5.9 Cardiac Surgery
      5.9.1 Global Cardiac Surgery Market Revenue, 2011 - 2019 (USD Million)
5.10 Gastrointestinal Surgery
       5.10.1 Global Gastrointestinal Surgery Market Revenue, 2011 - 2019 (USD Million)
5.11 Urological Surgery
      5.11.1 Global Urological Surgery Market Revenue, 2011 - 2019 (USD Million)

Chapter 6 Global Minimally Invasive Surgery Market, By Geography, 2011 – 2019 (USD Million)
6.1 Overview
      6.1.1 Global Minimally Invasive Surgery Market Revenue, by Geography, 2011 - 2019 (USD Million)
      6.1.2 Comparative Analysis: Global Minimally Invasive Surgery Market, by Geography, 2012 & 2019 (Value %)
6.2 North America
      6.2.1 North America Minimally Invasive Surgery Market Revenue, 2011 - 2019 (USD Million)
6.3 Europe
      6.3.1 Europe Geriatric Population Statistics (Million), 1991 - 2011
      6.3.2 Europe Minimally Invasive Surgery Market Revenue, 2011 - 2019 (USD Million)
6.4 Asia-Pacific
      6.4.1 Asia-Pacific Minimally Invasive Surgery Market Revenue, 2011 - 2019 (USD Million)
6.5 Rest of the World (RoW)
      6.5.1 RoW Minimally Invasive Surgery Market Revenue, 2011 - 2019 (USD Million)

Chapter 7 Competitive Landscape
7.1 Market Share by Key Players, 2012 (%)

Chapter 8 Recommendations
8.1 Long term contracts with healthcare service providers
8.2 Broadening of distribution network
8.3 Investing in emerging markets
8.4 Product innovation

Chapter 9 Company Profiles
9.1 Abbott Laboratories, Inc.
      9.1.1 Company Overview
      9.1.2 Financial Overview
      9.1.3 Product Portfolio
      9.1.4 Business Strategies
      9.1.5 Recent Developments
9.2 ArthroCare Corporation
      9.2.1 Company Overview
      9.2.2 Financial Overview
      9.2.3 Product Portfolio
      9.2.4 Business Strategies
      9.2.5 Recent Developments
9.3 Biomet, Inc.
      9.3.1 Company Overview
      9.3.2 Financial Overview
      9.3.3 Product Portfolio
      9.3.4 Business Strategies
      9.3.5 Recent Developments
9.4 DePuy Synthes, Inc.
      9.4.1 Company Overview
      9.4.2 Product Portfolio
      9.4.3 Business Strategies
      9.4.4 Recent Developments
9.5 GE Healthcare
      9.5.1 Company Overview
      9.5.2 Financial Overview
      9.5.3 Product Portfolio
      9.5.4 Business Strategies
      9.5.5 Recent Developments
9.6 Given Imaging Ltd.
      9.6.1 Company Overview
      9.6.2 Financial Overview
      9.6.3 Product Portfolio
      9.6.4 Business Strategies
      9.6.5 Recent Developments
9.7 Intuitive Surgical, Inc.
      9.7.1 Company Overview
      9.7.2 Financial Overview
      9.7.3 Product Portfolio
      9.7.4 Business Strategies
      9.7.5 Recent Developments
9.8 Medtronic, Inc.
      9.8.1 Company Overview
      9.8.2 Financial Overview
      9.8.3 Product Portfolio
      9.8.4 Business Strategies
      9.8.5 Recent Developments
9.9 NuVasive, Inc.
      9.9.1 Company Overview
      9.9.2 Financial Overview
      9.9.3 Product Portfolio
      9.9.4 Business Strategies
      9.9.5 Recent Developments
9.10 Philips Healthcare
      9.10.1 Company Overview
      9.10.2 Financial Overview
      9.10.3 Product Portfolio
      9.10.4 Business Strategies
      9.10.5 Recent Developments
9.11 Siemens Healthcare
      9.11.1 Company Overview
      9.11.2 Financial Overview
      9.11.3 Product Portfolio
      9.11.4 Business Strategies
      9.11.5 Recent Developments
9.12 Stryker Corporation
      9.12.1 Company Overview
      9.12.2 Financial Overview
      9.12.3 Product Portfolio
      9.12.4 Business Strategies
      9.12.5 Recent Developments
9.13 Surgical Innovations Group plc.
      9.13.1 Company Overview
      9.13.2 Financial Overview
      9.13.3 Product Portfolio
      9.13.4 Business Strategies
      9.13.5 Recent Developments
9.14 Teleflex, Inc.
      9.14.1 Company Overview
      9.14.2 Financial Overview
      9.14.3 Product Portfolio
      9.14.4 Business Strategies
      9.14.5 Recent Developments
9.15 Varian Medical Systems, Inc.
      9.15.1 Company Overview
      9.15.2 Financial Overview
      9.15.3 Product Portfolio
      9.15.4 Business Strategies
      9.15.5 Recent Developments

List of Figures

FIG. 1 Minimally Invasive Surgery Market Segmentation
FIG. 2 Global Minimally Invasive Surgery Market, by Device Type, 2012 (USD Million)
FIG. 3 Global Minimally Invasive Surgery Market, by Surgery Type, 2012 (USD Million)
FIG. 4 Global Rate of Aging Population
FIG. 5 Porter’s Five Forces Analysis: Global Minimally Invasive Surgery Market
FIG. 6 Market Attractiveness Analysis: Global Minimally Invasive Surgery Market, by Geography
FIG. 7 Comparative Analysis: Global Minimally Invasive Surgery Market, by Device Type, 2012 & 2019 (Value %)
FIG. 8 Global Radiofrequency (RF) Ablation Devices Market Revenue, 2011 – 2019 (USD Million)
FIG. 9 Global Microwave Ablation Devices Market Revenue, 2011 – 2019 (USD Million)
FIG. 10 Global Cryoablation Devices Market Revenue, 2011 – 2019 (USD Million)
FIG. 11 Global Other Ablation Devices Market Revenue, 2011 – 2019 (USD Million)
FIG. 12 Global Electrosurgical Devices Market Revenue, 2011 – 2019 (USD Million)
FIG. 13 Global Medical Robotic Systems Market Revenue, 2011 – 2019 (USD Million)
FIG. 14 Global X-Ray Devices Market Revenue, 2011 – 2019 (USD Million)
FIG. 15 Global CT Scanners Market Revenue, 2011 – 2019 (USD Million)
FIG. 16 Global MRI Scanners Market Revenue, 2011 – 2019 (USD Million)
FIG. 17 Global Ultrasound Equipment Market Revenue, 2011 – 2019 (USD Million)
FIG. 18 Global Other Monitoring and Visualization Devices Market Revenue, 2011 – 2019 (USD Million)
FIG. 19 Global Endoscopy DevicesMarket Revenue, 2011 – 2019 (USD Million)
FIG. 20 Comparative Analysis: Global Minimally Invasive Surgery Market, by Type of Surgery, 2012 & 2019 (Value %)
FIG. 21 Global Spinal Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 22 Global Joint Replacement Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 23 Global Cosmetic Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 24 Global Breast Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 25 Global Vascular Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 26 Global Thoracic Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 27 Global Gynecological Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 28 Global Bariatric Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 29 Global Cardiac Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 30 Global Gastrointestinal Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 31 Global Urological Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 32 Comparative Analysis: Global Minimally Invasive Surgery Market, By Geography, 2012 & 2019 (Value %)
FIG. 33 North America Minimally Invasive Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 34 Europe Minimally Invasive Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 35 Asia-Pacific Minimally Invasive Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 36 RoW Minimally Invasive Surgery Market Revenue, 2011 – 2019 (USD Million)
FIG. 37 Market Share by Key Players, 2012 (%)
FIG. 38 Annual Revenue: Abbott Laboratories, Inc., 2010 – 2012 (USD Million)
FIG. 39 Annual Revenue: ArthroCare Corporation, 2010 – 2012 (USD Million)
FIG. 40 Annual Revenue, Biomet, Inc., 2010 – 2012 (USD Million)
FIG. 41 Annual Revenue: GE Healthcare, 2010 – 2012 (USD Million)
FIG. 42 Annual Revenue: Given Imaging Ltd., 2010 – 2012 (USD Million)
FIG. 43 Annual Revenue: Intuitive Surgical, Inc., 2010 – 2012 (USD Million)
FIG. 44 Annual Revenue: Medtronic Inc., 2010 – 2012 (USD Million)
FIG. 45 Annual Revenue: NuVasive, Inc., 2010 – 2012 (USD Million)
FIG. 46 Annual Revenue: Philips Healthcare, 2010 – 2012 (USD Million) (Conversion rate: 1 Euro = 1.35 USD)
FIG. 47 Annual Revenue: Siemens Healthcare, 2010 – 2012 (USD Million) (Conversion rate: 1 Euro = 1.35 USD)
FIG. 48 Annual Sales: Stryker Corporation, 2010 – 2012 (USD Million)
FIG. 49 Annual Revenue: Surgical Innovations Group plc, 2010 – 2012 (USD Million) Conversion rate: 1 Euro = 1.36 USD
FIG. 50 Annual Revenue: Teleflex Incorporated, 2010 – 2012 (USD Million)
FIG. 51 Annual Revenue: Varian Medical Systems, Inc., 2010 – 2012 (USD Million)

List of Tables

TABLE 1 Market Snapshot: Global Minimally Invasive Surgery Market
TABLE 2 Global Minimally Invasive Surgery Market Revenue, by Device Type, 2011 – 2019 (USD Million)
TABLE 3 Global Surgical Devices Market Revenue, by Device Type, 2011 – 2019 (USD Million)
TABLE 4 Global Ablation Devices Market Revenue, by Device Type, 2011 – 2019 (USD Million)
TABLE 5 Global Monitoring and Visualization Devices Market Revenue, by Device Type, 2011 – 2019 (USD Million)
TABLE 6 Global Minimally Invasive Surgery Market Revenue, by Type of Surgery, 2011 – 2019 (USD Million)
TABLE 7 Global Orthopedic Surgery Market Revenue, by Type of Surgery, 2011 – 2019 (USD Million)
TABLE 8 Global Minimally Invasive Surgery Market Revenue, by Geography, 2011 – 2019 (USD Million)
TABLE 9 Europe Geriatric Population Statistics (Million), 1991 - 2011

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Free Market Analysis


The rise in geriatric population throughout the globe is contributing greatly to the increasing number of various minimally invasive surgeries (MIS) such as breast, orthopedic, cardiac, gynecological and urological surgeries.This is mainly because, elderly people belong to the high risk patient category for performing conventional open surgeries due to their already compromised health and slow recovery from debilitating conditions. MIS is performed with a tiny incision in the patient’s body that results in faster recovery, minimal stay in the hospital, and minimal pain and trauma to the patient. These surgeries are performed with the help of various devices that include surgical devices, monitoring and visualization devices, and endoscopy devices.The overall global market for minimally invasive surgery is expected to grow at a CAGR of 10.5% from 2013 to 2019 to reach an estimated value of USD 50.60 billion in 2019.

Other key reasons for the double digit growth of this market include the rise in incidences of various diseases such as kidney stone, cancer, cardiovascular diseases (CVDs) and arthritis globally that has greatly expanded the target patient population seeking MIS procedures. Similarly, rise in disposable incomes in various nations such as India, China, Brazil, Mexico and others will also augment the growth of this market since it will increase the affordability for these medical services for the patients. The large aged population in developed nations such as the U.S., Japan, U.K., Germany, and Italy will continue to grow and in turn propel market growth for MIS during the forecast period. However, the growth of this market may get hampered to some extent due to factors such as lack of proper reimbursements in some key markets and high cost of surgeries. 

The market for surgical devices,that includes ablation devices, electrosurgical devices and medical robotic systems, accounted for the largest share of the total MIS market in terms of revenue in 2012.This market is expected to record the highest CAGR during the forecast period owing to the extensive utilization of these devices while performing minimally invasive surgeries. For instance, ablation devices are utilized on a large scalefor treating majority of the cancer types. The market for endoscopy devices accounted for the second largest share of the total MIS market in 2012 due to their popularity among surgeons for locating the surgical site as well as guiding the movement of surgical instruments. Monitoring & visualization devices are utilized in combination with surgical devices wherein they guide the movement of surgical devices and track the progress of the surgery.

The various types of minimally invasive surgeries performed include orthopedic, cosmetic, breast, vascular, thoracic, gynecological, bariatric, cardiac, gastrointestinal and urological surgery. The market for cosmetic surgeries is expected to grow at the highest CAGR in the near future due to the increasing demand for cosmetic surgeries along with rise in disposable incomes. The orthopedic surgery market is expected to show the second highest growth rate owing to the rise in incidences of various orthopedic conditions such as arthritis and reduced bone density. In 2012, the market for cardiac surgery accounted for the largest share in terms of revenue due to the presence of a large patient pool suffering from cardiovascular conditions around the globe.

Geographically, the largest market share in terms of revenue was contributed by the North American region in 2012. This is due to the presence of a large patient pool, presence of leading device manufacturers in the region and a well-established reimbursement scenario. The Asia-Pacific market is expected to show the highest growth rate of 13.3% during the forecast period 2013 to 2019 owing to various factors such as rise in medical tourism in emerging nations like India and Thailand, aging population and the growing interest of device manufacturers in the region. It is estimated that around 456,303 million people will be aged above 65 years by 2025 in Asia-Pacific.

The major players operating in the global MIS market include Intuitive Surgical, Inc., GE Healthcare, Siemens Healthcare, Philips Healthcare, Medtronic, Inc., Stryker Corporation and Biomet, Inc. These companies have captured leading positions in the market due to their broad product portfolios andheavy investmentsin the development and introduction of technologically advanced products in the market. For instance,introduction of da Vinci Surgical System by Intuitive Surgical, Inc. strengthened the company’s presence in the medical robotics market since this newly launched medical robotic system is an advanced version of other robotic systems. 

global-minimally-invasive-surgery-market-by-product-type-2012
 

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