UK minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 7.9% during the forecast period. UK minimally invasive surgical instruments market is driven by a significant rise in joint replacement procedures. According to the National Joint Registry for England, Wales, Northern Ireland and the Isle of Man (NJR), there was a total of 242,629 cases registered to NJR during 2016/2017. It has represented a significant rise of more than 20,000 joint replacement procedures recorded in the registry compared to the previous year. This brings the total number of records in the registry to nearly 2.35 million. With the rise in joint replacement registries, UK companies such as Smith & Nephew Plc offers advanced MIS instruments for orthopedic procedures. Its offering includes NAVIO Surgical System utilized by Spire Bushey Hospital in the UK in April 2018.
The hospital has completed Europe’s first robotics-assisted total knee replacement procedure by using NAVIO surgical system. It is the next-generation handheld robotics platform intended to provide support to the surgeons with ligament balancing, bone preparation and ligament balancing. It uses multiple control modes that enable surgeons to precisely prepare the bone for implantation. In addition, it allows for easy set-up and portability and doesn’t require pre-operative imaging, including CT scan. This enables the users to take the advantages of robotics-assistance without additional cost, steps and radiation that is concerned with the use of additional preoperative imaging. These advances facilitate to offer optimized treatment to the patients and enable the market to grow further in the country.
The major players in the market include Johnson & Johnson Services, Inc., Medtronic plc, and Abbott Laboratories, Inc. The companies are adopting several strategies to expand market share and gain a competitive advantage over their competitors. For instance, in March 2018, Smith & Nephew introduced Q-FIX CURVED, SUTUREFIX CURVED and Q-FIX MINI All-Suture Anchor Systems. It is a part of sports medicine portfolio and designed to support optimal suture anchor placement while insertion and drilling. This is a step towards broadening sports medicine portfolio and enabling surgeons to improve the quality of hip and shoulder repairs.
Research Methodology
The market study of the UK 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 Segment
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. UK 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. UK 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. UK 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. Company Profiles
6.1. Abbott Laboratories, Inc.
6.2. Boston Scientific Corp.
6.3. Edwards Lifesciences Corp.
6.4. Intuitive Surgical, Inc.
6.5. Johnson & Johnson Services, Inc.
6.6. Medtronic plc
6.7. Smith & Nephew Plc
6.8. Stryker Corp.
6.9. Teleflex, Inc.
6.10. Terumo Medical Corp.
6.11. Zimmer Biomet Holdings, Inc.
1. UK MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
2. UK MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
3. UK MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
1. UK MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET SHARE BY PRODUCT, 2018 VS 2025 (%)
2. UK MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET SHARE BY TECHNOLOGY, 2018 VS 2025 (%)
3. UK MINIMALLY INVASIVE SURGICAL INSTRUMENTS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)