Fact.MR, Rockville MD: Award winning market research firm Fact.MR is conducting a study on the global non-invasive surgery market.
Rapid automation of the global healthcare industry amid improved outcomes to accelerate growth prospects
Fact.MR, Rockville MD: Award winning market research firm Fact.MR is conducting a study on the global non-invasive surgery market. According to the study, the market is experiencing a resurgence in the post pandemic scenario. As elective surgical procedures resume, growth prospects appear optimistic through 2021. Long-term prospects also appear positive, with nearly every healthcare setting deploying minimally invasive surgical equipment to enhance patient comfort.
As per the study, robotic assisted surgeries are likely to most maximum gains. A study published in the National Center for Biotechnology Information reveals that use of robotic surgery for all general procedures rose from 1.8% in 2012 to 15.1% by 2018. Furthermore, the study claims that use of robotic surgery climbed by 8.8% in the first four years after hospitals introduced it, with inguinal hernia repair accruing maximum gains, from 0.7% in 2012 to 28.8% in 2018.
Applications are also increasing in the cardiology domain. As per the World Health Organization, cardiovascular diseases claim almost 18 million lives annually, comprising 31% of all global deaths. Consequently, healthcare providers have been making rapid progress in this direction by introducing minimally invasive yet effective surgeries. In 2019, the Apollo Hospitals group deployed its first dedicate robot-assisted cardiac surgery unit in Bangalore, India, equipped with the advanced 4th generation da Vinci Xi robotic surgical system.
“Increasing demand for minimal patient trauma and maximum positive clinical outcomes is prompting healthcare settings to adopt non-invasive surgical alternatives, providing manufacturers a wide platform for future expansion,” says the Fact.MR analyst.
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Key Takeaways from Fact.MR’s Non Invasive Surgery Market Study
- By procedure, robotic assisted surgery is likely to acquire major traction, amid rising surgical accuracy demand
- Cardiology to remain the primary therapeutic application, cancer surgeries acquiring momentum
- By end-user, hospitals to be the key non-invasive surgery equipment consumers
- US to emerge as the kingpin in North America amid increasing number of minimally invasive cardiac surgeries
- UK to post significant gains, attributed to rising prevalence of ischemic heart disease
- Germany & France to experience high adoption amid increasing applications to detect presence of colorectal cancers and orthopedic disorders
- Increased incidence of automotive accidents induced injuries is catapulting non-invasive surgery demand in India
Non Invasive Surgery Market- Prominent Drivers
- Increasing geriatric population pool and the consequent rise in chronic diseases is bolstering non-invasive surgery demand
- Key manufacturers are emphasizing on improved visualization techniques to facilitate more accurate surgeries
- Favorable government policies aimed at improving healthcare disbursement acting as a major growth catalyst
Non Invasive Surgery Market- Key Restraints
- Minimally invasive surgeries are often expensive, rendering it unaffordable for low and middle income patients
- Inadequate skills development amongst surgeons may lead to unintended surgical outcomes, restraining prospects
Discover more about the non-invasive surgery market with figures, data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/4297/non-invasive-surgery-market
Competitive Landscape
Prominent of non-invasive surgery equipment manufacturers include Medtronic Plc, Intuitive Surgical Inc., B. Braun Melsungen AG, Boston Scientific Corporation, CONMED Corporation, Cogentix Medical, Inc., FUJIFILM Medical Systems USA Inc., KARL STORZ SE & Co. KG, and Olympus Corporation among others.
The aforementioned players majorly bank on regulatory approvals for their product offerings across key geographies. In March 2021, for instance, Medtronic Plc received FDA approval for its HarmonyTM Transcatheter Pulmonary Valve (TPV), the first minimally invasive therapy created to treat patients with a specific type of congenital heart defect of the right ventricle, which affects 1.6 million adults currently.
Acquisitions are also an effective approach to remain afloat in the market. In July 2019, Intuitive Surgical Inc. acquired Scholly Fiberoptic’s robotic endoscope business. This acquisition has enabled the company to further its robotic-related manufacturing line and provide better visualization systems for minimally invasive diagnostic and surgical applications.
More Insights on the Non-invasive Surgery Market
In its ongoing study, Fact.MR offers unbiased analysis of the global non-invasive surgery market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of procedure (laparoscopic surgery, robotic assisted surgery, endoscopic surgery and others), end-users (hospitals, ambulatory surgical centers, independent catheterization labs and specialty clinics) and therapeutic applications (cardiology, cancer, neurology, dermatology and others) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).
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Source: Fact.MR