(Health-NewsWire.Net, September 19, 2017 ) According to the report Europe minimally invasive surgical instruments Market, published by Market Data Forecast the Market is expected to reach USD 5.09 billion by 2021 from USD 3.19 billion in 2016, growing at a CAGR of 9.80% for the next five years 2016-2021. Minimally invasive surgical procedures involve the use of surgery instruments (such as arthroscopic or laparoscopic devices) and remote controlled instruments to monitor the surgery through large display panel or endoscopy. Minimally invasive procedures eliminate large incisions & infections, reduce the long time hospital admission, and promote the early recovery. Currently, the utilization of minimally invasive surgical instruments has been increased. Some of the minimally invasive surgical instruments include, visualizing scope, stents, sutures, dilators, electrosurgical instruments, balloon inflation devices, guiding catheters, trocars, rasps, and cannulas, among others.
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Rising number of surgeries among the geriatric population, growing demand for minimally invasive surgeries as compared to traditional open surgeries, and increasing healthcare expenditure are some of the major factors driving the growth of minimally invasive surgical instruments market in Europe. However, high cost of the advanced surgical instruments and low adoption of minimally invasive surgical procedures are restraining the growth of minimally invasive surgical instruments market in Europe. Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/europe-minimally-invasive-surgical-instruments-market-217/request-sample
Europe minimally invasive surgical instruments market is segmented based on the product, application, and end users. Based on product, the market is further sub-segmented as handheld instruments, electrosurgical devices, inflation systems, guiding devices, cutter instruments, and auxiliary instruments. Handheld instruments segment is estimated to command the largest share of Europe minimally invasive surgical instruments market by product in 2016. The electrosurgical devices segment is expected to grow at the highest CAGR during the forecast period 2016-2021.
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Application segment is further categorized as orthopedic, gastrointestinal, cardiothoracic, urological, cosmetic, gynecology, vascular, and other applications. The orthopedic segment is estimated to command the largest share of Europe minimally invasive surgical instruments market by application in 2016. Based on end users, the market is segmented as private hospitals & surgical clinics, government hospitals and academic & research institutes. The private hospitals & surgical clinics segment is estimated to account for the largest share of Europe minimally invasive surgical instruments market by end users in 2016.
On the basis of geographical areas, Europe minimally invasive surgical instruments market is segmented as U.K., Germany, France, Italy, and Spain.
The key players in minimally invasive surgical instruments market such as, Medtronic plc (Ireland), Ethicon, Inc. (U.S.), Aesculap, Inc. (Germany), Stryker Corporation (U.S.), Smith & Nephew (U.K.), ConMed Corporation (U.S.), Abbott Laboratories (U.S.), Applied Biomedical Resources Corporation (U.S.), Microline Surgical (Japan), and Zimmer Biomet (U.S.).
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