North American minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 8.2% during the forecast period. North America minimally invasive surgical instruments market is showing remarkable growth owing to the increasing spine injuries and significant innovation in minimally invasive instruments in the region. The presence of major players such as Abbott Laboratories, Stryker Corporation, Intuitive Surgical Inc., Zimmer Biomet Holdings, Inc. and Johnson & Johnson are the major cause of rising innovations from the region. These players have introduced several new innovative devices in the market that has enabled to increase the effectiveness of the procedure. For instance, da Vinci series of the surgical robotic system by Intuitive Surgical, Inc. is designed for multiple procedures such as gastrointestinal, urology, neurology and so on.
In addition, North American Spine offers minimally invasive spine surgery options for the treatment of back conditions, including bulging disc, spondylosis, sciatica and scoliosis. Its AccuraScope procedure provides hope for the patients suffering from neck and back pain with their treatment. This procedure is carried out in Dallas by North American Spine doctors. They use a tiny laser which is small than the tip of the mechanical pencil. The laser only works on the tissue that touches. This procedure is beneficial for people who have tissue-related issues. The advent of such kinds of minimally invasive procedures enables to increase the effectiveness of the treatment of the patients, which ultimately leads the demands for minimally invasive surgical instruments used during the procedure.
The major players operating in the market include Abbott Laboratories, Inc., Intuitive Surgical Inc., and Zimmer Biomet Holdings, Inc. To survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in May 2018, Abbott expands portfolio of cardiac arrhythmias with FDA clearance for the Advisor HD Grid Mapping Catheter, Sensor Enabled. The purpose to develop this product was to offer innovative solutions to the physicians in order to accurately and quickly map complex cardiac arrhythmias among patients.
Research Methodology
The market study of the North American 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:
The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
The Report covers:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Country
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. North American Minimally Invasive Surgical Instruments Market by Product
5.1.1. Inflation Systems
5.1.2. Cutter Instruments
5.1.3. Guiding Devices
5.1.4. Handheld Instruments
5.1.5. Stents
5.1.6. Sutures
5.1.7. Monitoring and Visualization Equipment
5.1.8. Robotic Assisted Surgical Systems
5.2. North American Minimally Invasive Surgical Instruments Market by Technology
5.2.1. Endoscopy
5.2.2. Laparoscopy
5.2.3. Robot-Assisted Methods
5.2.4. Arthroscopic Techniques
5.2.5. Ablative Methods
5.3. North American Minimally Invasive Surgical Instruments Market by Application
5.3.1. Cardiac Surgery
5.3.2. Colorectal Surgery
5.3.3. Dermatological Surgery
5.3.4. ENT Surgery
5.3.5. Gastrointestinal Surgery
5.3.6. Gynecological Surgery
5.3.7. Lung & Respiratory Care
5.3.8. Neurosurgery
5.3.9. Ophthalmology
5.3.10. Orthopedics
5.3.11. Others
6. Regional Analysis
6.1. United States
6.2. Canada
7. Company Profiles
7.1. Abbott Laboratories, Inc.
7.2. Boston Scientific Corp.
7.3. Edwards Lifesciences Corp.
7.4. Intuitive Surgical, Inc.
7.5. Johnson & Johnson Services, Inc.
7.6. Medtronic plc
7.7. Stryker Corp.
7.8. Teleflex, Inc.
7.9. Terumo Medical Corp.
7.10. Zimmer Biomet Holdings, Inc.
1. NORTH AMERICAN MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
2. NORTH AMERICAN MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
3. NORTH AMERICAN MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
4. NORTH AMERICAN MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
1. NORTH AMERICAN MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET SHARE BY COUNTRY, 2018 VS 2025 (%)
2. NORTH AMERICAN MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET SHARE BY PRODUCT, 2018 VS 2025 (%)
3. NORTH AMERICAN MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET SHARE BY TECHNOLOGY, 2018 VS 2025 (%)
4. NORTH AMERICAN MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
5. US MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET SIZE, 2018-2025 ($ MILLION)