Europe minimally invasive surgical instruments market is expected to witness impressive growth during the forecast period. Surging cases of lifestyle-related and chronic health disorders in the region is one of the factors which is driving the market in coming years. Moreover, minimally invasive surgeries offer certain advantages when compared to traditional surgeries such as low cost, less occurrence of pain, less traumatic than open surgeries, which is expected to accelerate the growth of market during the forecast period. Minimally invasive surgeries are much less traumatic than conventional open surgeries. Traditional surgeries performed with conventional laparoscopic instruments can be traumatic and complex. Minimally invasive laparoscopic cameras are inserted through smaller incisions and specialized smaller instruments are used to perform the operation. The healing process is less painful, and patients can recover fastest after minimally invasive surgeries. All these factors have significantly increased the number of minimally invasive surgeries performed, thereby driving the growth of Europe Minimally Invasive Surgical Instruments Market.
However, lack of skilled professional and high cost of procedure are the main factors that will hinder the growth of Minimally Invasive Surgical Instruments Market in the forecasted years.
Rising Incidences of Minimally Invasive Surgeries in Europe
As the number of chronic disorders is rising, the number of minimally invasive surgeries is also increasing. Minimally Invasive surgeries are associated with less pain, shorter hospital stay and fewer complications. There are several types of minimally invasive surgeries such as Adrenalectomy, brain surgery, colectomy, gallbladder surgery, heart surgery, hiatal hernia repair, kidney transplant, nephrectomy, among others. Minimally invasive surgeries uses small surgical incision and it is less risky than traditional surgery. Increasing number of minimally invasive surgeries in Europe is expected drive the growth of Europe Minimally Invasive Surgical Instruments market in forecast period of 2024-2028.
Benefits of Minimally Invasive Surgery over Traditional Open Surgery
Minimally Invasive surgery can be done on the digestive system, urologic system, heart, lungs, kidneys, and the gynaecologic system with the assistance of robotics. Small incision, less scarring, increased accuracy, decreased risk of complications, shorter hospital stays, less pain, and shorter recovery period are some of the advantages of minimally invasive surgeries. In minimally invasive surgery, surgeons uses camera for better accuracy. The advanced minimally invasive surgical instruments are used in the procedure which allows delicate and complex work done easily with precision. Blood loss is an issue in traditional surgical procedure therefore, in minimally invasive surgeries, the incision is small, and it prevents the loss of blood. After COVID-19 pandemic, the population is more aware regarding the benefits of minimally invasive surgeries as people are focusing more on their health. Due to these various benefits of minimally invasive surgery over traditional open surgery, the Europe Minimally Invasive Surgical Devices market is growing in the forecasted years.
Market Segmentation
Europe minimally invasive surgical instruments market is segmented based on instrument, type, application, end-users, company, and country. Based on Instrument, the market is further divided into Endoscopes, Laparoscopy Access Instruments, Laparoscopy Handheld Instruments, Robotic Assisted Surgical Systems, Electrosurgery, Visualization and Monitoring System. Based on type, the market is divided into Endoscopy, Laparoscopy and Robotics. Based on application, the market is segmented into Gynaecology, Orthopaedic Surgery, Respiratory, Oncology, Gastrointestinal, Urology, Cardiology and Others. Based on end-user, the minimally invasive surgical devices market is segmented into hospitals, surgical centres and others.
Market Players
Major players operating in the Europe minimally invasive surgical instruments market include Medtronic PLC, Johnson & Johnson, Stryker Corporation, B. Braun Melsungen AG, CONMED Corporation, Smith & Nephew PLC, Abbott Laboratories, Zimmer Biomet Holdings, Inc., Boston Scientific Corporation, Becton, Dickinson and Company, HOYA Corporation, The Cooper Companies, Inc., Surgical Innovations Group PLC, Omniguide Holdings Inc., Applied Medical Resources Corporation and others. The companies are continuously focusing on R&D activities and marketing strategies to maintain their stronghold in the minimally invasive surgical devices market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Instrument · Type · Application · End User |
| Country scope | Germany, France, United Kingdom, Italy, Spain, Switzerland, Netherlands, Sweden, Belgium |
| Key companies profiled | Medtronic PLC, Johnson & Johnson, Stryker Corporation, B. Braun Melsungen AG, CONMED Corporation, Smith & Nephew PLC, Abbott Laboratories, Zimmer Biomet Holdings, Inc., Boston Scientific Corporation, Becton, Dickinson and Company, HOYA Corporation, The Cooper Companies, Inc., Surgical Innovations Group PLC, Omniguide Holdings Inc., Applied Medical Resources Corporation |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
