Global Minimal Invasive Device Market Outlook 2020
The Healthcare industry has witnessed several technological advancements in the fields of diagnostics, wound care, resections, and medical equipments, among others. In line with the demand of value-based medicine, healthcare community is determined to equip the medical sector with next generation surgery procedures known as ‘Minimally Invasive Surgeries’. With the minimally invasive technology, surgical procedures are becoming easier, leading to few mm incisions as compared to the 3-4 inches in conventional cases. Gradually, surgical tools are becoming more flexible, providing surgeons an edge towards making surgical procedures quicker than before. For patients, the technique brings ample advantages, such as less scarring, less muscular trauma, minimum hospital stay, and quicker recovery.
In the latest edition “Global Minimally Invasive Device Market Outlook 2020”, RNCOS analysts have studied the dynamics of minimally invasive medical industry comprehensively. Owing to the developments that have been taking place over the years, the market for minimally invasive medical devices has reached US$ 15 Billion in 2014. The report provides information on the current scenario, market segmentation on the basis of surgical devices and geography, and future estimations till 2020. The report also covers major factors propelling the growth of the industry, the regulatory framework, challenges holding back the industry, latest trends and developments, and mergers & acquisitions that have taken place in the past two years.
The industry is facing cut-throat competition with the presence of existing as well as emerging players. The market is dominated by the US based medical robot manufacturer, Intuitive Surgical, with other notable players being GE Healthcare and Siemens Healthcare. Finally, to understand transparency of the existing competition, a separate section is devoted to the Porter’s five forces model. Overall, the research contains exhaustive information that will help clients in formulating market strategies and assessing opportunity areas in the minimally invasive market.
In the latest edition “Global Minimally Invasive Device Market Outlook 2020”, RNCOS analysts have studied the dynamics of minimally invasive medical industry comprehensively. Owing to the developments that have been taking place over the years, the market for minimally invasive medical devices has reached US$ 15 Billion in 2014. The report provides information on the current scenario, market segmentation on the basis of surgical devices and geography, and future estimations till 2020. The report also covers major factors propelling the growth of the industry, the regulatory framework, challenges holding back the industry, latest trends and developments, and mergers & acquisitions that have taken place in the past two years.
The industry is facing cut-throat competition with the presence of existing as well as emerging players. The market is dominated by the US based medical robot manufacturer, Intuitive Surgical, with other notable players being GE Healthcare and Siemens Healthcare. Finally, to understand transparency of the existing competition, a separate section is devoted to the Porter’s five forces model. Overall, the research contains exhaustive information that will help clients in formulating market strategies and assessing opportunity areas in the minimally invasive market.
1. ANALYST VIEW
2. RESEARCH METHODOLOGY
3. A BRIEF OVERVIEW
3.1 Types of Devices
3.1.1 Handheld Instruments
3.1.2 Guiding Systems
3.1.3 Inflation Systems
3.1.4 Imaging Devices (IGS)
3.1.5 Electrosurgical Devices
4. DRIVERS
4.1 Value-Based Medicine to Boost Demand for Minimally Invasive Surgeries
4.2 Inclining Healthcare Expenditure is Boon for MIMD Market
4.3 Minimally Invasive Tools Proving as Game Changer for Doctors and Patients
4.4 Technological Innovations in Imaging Systems Propelling Growth
5. CHALLENGES
5.1 High Operating Cost - Biggest Concern for MIS Industry
5.2 Reimbursement Issues Hampering Minimally Invasive Surgery Market Growth
5.3 Ambiguous Regulatory Framework Holding Back New Product Approvals
6. MARKET OVERVIEW
6.1 Minimally Invasive Device Market
6.2 Market Segmentation by Types of Devices
6.2.1 Minimally Invasive Surgical Devices
6.2.2 Minimally Invasive Endoscopy Devices
6.2.3 Minimally Invasive Visualization & Monitoring Devices
6.3 Market Segmentation by Geography
7. REGULATORY LANDSCAPE
7.1 US
7.2 Europe
7.3 Asia-Pacific
7.3.1 India
7.3.2 China
8. MARKET TRENDS AND DEVELOPMENTS
8.1 Hospitals Offering Benefits to Patients by Adopting High -Tech Surgeries
8.2 Firms Flooding the Market with Innovative Products
8.3 MIS Providing Significant Benefits to Spinal Problems
9. MERGERS & ACQUISITIONS
10. COMPETITIVE LANDSCAPE
10.1 Share of Major Players in the MIMD Market
10.2 Profiles
10.2.1 Intuitive Surgical
10.2.2 Medtronic Inc
10.2.3 Stryker Corporation
10.2.4 Boston Scientific
10.2.5 GE Healthcare
10.2.6 Covidien
10.2.7 Siemens Healthcare
10.2.8 Philip Healthcare
10.2.9 Johnson & Johnson
11. PORTER’S FIVE FORCES ANALYSIS
2. RESEARCH METHODOLOGY
3. A BRIEF OVERVIEW
3.1 Types of Devices
3.1.1 Handheld Instruments
3.1.2 Guiding Systems
3.1.3 Inflation Systems
3.1.4 Imaging Devices (IGS)
3.1.5 Electrosurgical Devices
4. DRIVERS
4.1 Value-Based Medicine to Boost Demand for Minimally Invasive Surgeries
4.2 Inclining Healthcare Expenditure is Boon for MIMD Market
4.3 Minimally Invasive Tools Proving as Game Changer for Doctors and Patients
4.4 Technological Innovations in Imaging Systems Propelling Growth
5. CHALLENGES
5.1 High Operating Cost - Biggest Concern for MIS Industry
5.2 Reimbursement Issues Hampering Minimally Invasive Surgery Market Growth
5.3 Ambiguous Regulatory Framework Holding Back New Product Approvals
6. MARKET OVERVIEW
6.1 Minimally Invasive Device Market
6.2 Market Segmentation by Types of Devices
6.2.1 Minimally Invasive Surgical Devices
6.2.2 Minimally Invasive Endoscopy Devices
6.2.3 Minimally Invasive Visualization & Monitoring Devices
6.3 Market Segmentation by Geography
7. REGULATORY LANDSCAPE
7.1 US
7.2 Europe
7.3 Asia-Pacific
7.3.1 India
7.3.2 China
8. MARKET TRENDS AND DEVELOPMENTS
8.1 Hospitals Offering Benefits to Patients by Adopting High -Tech Surgeries
8.2 Firms Flooding the Market with Innovative Products
8.3 MIS Providing Significant Benefits to Spinal Problems
9. MERGERS & ACQUISITIONS
10. COMPETITIVE LANDSCAPE
10.1 Share of Major Players in the MIMD Market
10.2 Profiles
10.2.1 Intuitive Surgical
10.2.2 Medtronic Inc
10.2.3 Stryker Corporation
10.2.4 Boston Scientific
10.2.5 GE Healthcare
10.2.6 Covidien
10.2.7 Siemens Healthcare
10.2.8 Philip Healthcare
10.2.9 Johnson & Johnson
11. PORTER’S FIVE FORCES ANALYSIS
LIST OF FIGURES:
Figure 6-1: Global - Minimally Invasive Device Market (Billion US$), 2014-2020
Figure 6-2: Global - Minimally Invasive Device Market by Types of Devices (%), 2014
Figure 6-3: Global - Minimally Invasive Device Market by Types of Devices (%), 2020
Figure 6-4: Global - Minimally Invasive Surgical Device Market (Billion US$), 2014-2020
Figure 6 5: Global - Minimally Invasive Endoscopy Device Market (Billion US$), 2014-2020
Figure 6-6: Global - Minimally Invasive Visualization & Monitoring Devices (Billion US$), 2014
Figure 6-7: Global - Minimally Invasive Devices Market by Geography (%), 2014
Figure 10-1: Share of Major Players in Global MIMD Industry (%), 2014
Figure 10-2: Intuitive Surgical - Breakup of Revenue by Geographies (%), 2014
Figure 10-3: Medtronic Inc - Breakup of Revenue by Geographies (%), 2014
Figure 10-4: Stryker - Breakup of Revenue by Business Segments (%), 2014
Figure 10-5: Boston Scientific - Breakup of Revenue by Geographies (%), 2014
Figure 10-6: GE Healthcare - Breakup of Revenue by Business Segments (%), 2014
Figure 10-7: GE Healthcare - Breakup of Revenue by Geographies (%), 2014
Figure 10-8: Covidien - Break up of Revenue by Geographies (%), 2014
Figure 10-9: Siemens Healthcare - Breakup of Revenue by Geographies (%), 2014
Figure 10-10: Philip Healthcare - Breakup of Revenue by Business Segments (%), 2014
Figure 10-11: Philip Healthcare - Breakup of Revenue by Geographies (%), 2014
Figure 10-12: Johnson & Johnson - Breakup of Medical Device Business by Geographies (%), 2014
Figure 6-1: Global - Minimally Invasive Device Market (Billion US$), 2014-2020
Figure 6-2: Global - Minimally Invasive Device Market by Types of Devices (%), 2014
Figure 6-3: Global - Minimally Invasive Device Market by Types of Devices (%), 2020
Figure 6-4: Global - Minimally Invasive Surgical Device Market (Billion US$), 2014-2020
Figure 6 5: Global - Minimally Invasive Endoscopy Device Market (Billion US$), 2014-2020
Figure 6-6: Global - Minimally Invasive Visualization & Monitoring Devices (Billion US$), 2014
Figure 6-7: Global - Minimally Invasive Devices Market by Geography (%), 2014
Figure 10-1: Share of Major Players in Global MIMD Industry (%), 2014
Figure 10-2: Intuitive Surgical - Breakup of Revenue by Geographies (%), 2014
Figure 10-3: Medtronic Inc - Breakup of Revenue by Geographies (%), 2014
Figure 10-4: Stryker - Breakup of Revenue by Business Segments (%), 2014
Figure 10-5: Boston Scientific - Breakup of Revenue by Geographies (%), 2014
Figure 10-6: GE Healthcare - Breakup of Revenue by Business Segments (%), 2014
Figure 10-7: GE Healthcare - Breakup of Revenue by Geographies (%), 2014
Figure 10-8: Covidien - Break up of Revenue by Geographies (%), 2014
Figure 10-9: Siemens Healthcare - Breakup of Revenue by Geographies (%), 2014
Figure 10-10: Philip Healthcare - Breakup of Revenue by Business Segments (%), 2014
Figure 10-11: Philip Healthcare - Breakup of Revenue by Geographies (%), 2014
Figure 10-12: Johnson & Johnson - Breakup of Medical Device Business by Geographies (%), 2014
LIST OF TABLES:
Table 6-1: Breakup of MIMID Revenue by Geographies (Million US$), 2014
Table 8-1: 12. List of MIMDs Launched (2013-2015)
Table 10-1: Intuitive Surgical - Revenue by Business Segments (Million US$), 2013 &2014
Table 10-2: Medtronic Inc - Revenue by Business Segments (Million US$), 2013 &2014
Table 10-3: Stryker - Revenue by Business Segments (Million US$), 2013 & 2014
Table 10-4: Boston Scientific - Revenue by Business Segments (Million US$), 2014
Table 10-5: Covidien - Revenue by Business Segments (Million US$), 2013&2014
Table 10-6: Johnson & Johnson - Breakup of Medical Device Business (Million US$), 2013 & 2014
Table 6-1: Breakup of MIMID Revenue by Geographies (Million US$), 2014
Table 8-1: 12. List of MIMDs Launched (2013-2015)
Table 10-1: Intuitive Surgical - Revenue by Business Segments (Million US$), 2013 &2014
Table 10-2: Medtronic Inc - Revenue by Business Segments (Million US$), 2013 &2014
Table 10-3: Stryker - Revenue by Business Segments (Million US$), 2013 & 2014
Table 10-4: Boston Scientific - Revenue by Business Segments (Million US$), 2014
Table 10-5: Covidien - Revenue by Business Segments (Million US$), 2013&2014
Table 10-6: Johnson & Johnson - Breakup of Medical Device Business (Million US$), 2013 & 2014
