Asia-Pacific minimally invasive surgical instruments market is expected to grow at a CAGR of around 8.6% during the forecast period. Asia Pacific minimally invasive surgical instruments market is expected to grow significantly owing to increasing prevalence of CVD diseases and significant rise in ageing population in the country. According to UN ESCAP (United Nations Economic and Social Commission for Asia and the Pacific), in 2016, nearly 12.4% of the population in APAC was 60 years and above. However, it is projected to rise to more than a quarter or 1.3 billion people by 2050. 

In East and North Asia (including countries with significant ageing population such as Japan and the Republic of Korea), more than a third of the population is expected to be aged 60 years and above by 2050, however in North and Central Asia, one in four persons will be 60 years and above. Additionally, the older population in less developed regions are growing rapidly as compared to more developed regions. By 2050, approximately 8 in 10 people of the world’s older population is expected to live in less developed regions. Growing ageing population leads to significant rise in multiple diseases, including orthopedic, heart disease, cataract and Alzheimer’s. This results in fueling the adoption of minimally invasive surgeries to offer effective outcomes for patients and further encouraging the demand for MIS instruments in the region.

The major companies operating in the market comprise Abbott Laboratories, Inc., Boston Scientific Corp., Medtronic plc, Koninklijke Philips N.V., and Olympus Corp. These companies are adopting several strategies, including mergers and acquisitions, product launches, and partnerships and collaborations, to expand market share and gain a competitive advantage over their competitors. The platforms offered by these companies are significantly adopted in hospitals to efficiently perform minimally invasive procedures. In August 2019, Asian Hospital and Medical Center’s (AHMC) introduced its Catheterization Lab which includes next-generation image-guided therapy platform, Philips Azurion 7 C20. This platform allows clinicians to perform open and minimally invasive procedures in one room. This shows increasing preference towards minimally invasive procedures, which is supporting to drive the growth of the market in the region.

Research Methodology

The market study of the Asia-Pacific minimally invasive surgical instruments market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Asia-Pacific Minimally Invasive Surgical Instruments Market Research and Analysis, By Product
2. Asia-Pacific Minimally Invasive Surgical Instruments Market Research and Analysis, By Technology
3. Asia-Pacific Minimally Invasive Surgical Instruments Market Research and Analysis, By Application

The Report covers:

• Comprehensive research methodology of the Asia-Pacific minimally invasive surgical instruments market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific minimally invasive surgical instruments market.
• Insights about market determinants which are stimulating the Asia-Pacific minimally invasive surgical instruments market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.