European minimally invasive surgical instruments market is expected to grow at a CAGR of around 7.2% during the forecast period. European minimally invasive surgical instruments market is significantly driven by the increasing prevalence of chronic diseases, high focus on improving patient’s quality of life and increasing healthcare expenditure in the region. In addition, the rising ageing population is also an important driving factor affecting the demand for minimally invasive surgical instruments in the region. According to the Eurostat, in 2017, approximately 19%, one-fifth of the EU population was aged 65 and over. 

Moreover, by 2080, the proportion of people aged 80 and over should more than double to reach 13% of the total population. In Jan 2017, the population in the EU-28 was estimated at 511.5 million. Among this population, the young people (0-14 age group) consist of 15.6% of the total EU-28 population. However, the people aged 15-64 years old accounted for 64.9% of the total population. The people aged 65 and over accounted 19.4% share, which is a rise of 0.2% points than the previous year and a rise of 2.4% points than 10 years earlier. The share of people aged 65 and above in the overall population includes Italy, Greece and Germany with 22.3%, 21.5% and 21.2%, respectively. These countries hold the highest share among people aged 65 and over, while Ireland had the lowest share with 13.4%. 

Across EU member states, Ireland held the largest share of young people in the overall population with 21.1%, in 2017, whereas the lowest share of young people was observed in Germany (13.4%). The growth in the ageing population leads to a rise in orthopedic conditions such as osteoarthritis, fractures and osteoporosis. It usually occurs as people grow older, their bone mineral density declines and decreased mineral level resulting in weaker bones. Hence, minimally invasive surgery is one of the major options for the treatment of these conditions as it enables to treat injuries associated with knee, shoulder, wrist, ankle and elbow with considerable safety among people of all age groups.

The major companies operating in the market comprise Abbott Laboratories, Inc., Boston Scientific Corp., Medtronic plc, B. Braun Melsungen AG, and Koninklijke Philips N.V. 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. For instance, in April 2018, Medtronic declared the introduction of the Visualase MRI guided laser ablation system in Europe. The system will provide a further minimally invasive option to the neurosurgeons for accurate targeting and treating small areas of tissue. 

Research Methodology

The market study of the European 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. European Minimally Invasive Surgical Instruments Market Research and Analysis, By Product
2. European Minimally Invasive Surgical Instruments Market Research and Analysis, By Technology
3. European Minimally Invasive Surgical Instruments Market Research and Analysis, By Application

The Report covers:

• Comprehensive research methodology of the European 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 European minimally invasive surgical instruments market.
• Insights about market determinants which are stimulating the European minimally invasive surgical instruments market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.