The global minimally invasive surgery market is witnessing steady growth due to rapid technological advancements changing demographics and rising awareness amongst the patient population for less invasive procedures or single incision procedures.
Online PR News – 21-September-2010 – – The global minimally invasive surgery market is witnessing steady growth due to rapid technological advancements changing demographics and rising awareness amongst the patient population for less invasive procedures or single incision procedures.
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United States is the largest market for minimally invasive surgical procedures accounting for about 63% of the market; however, APAC, is the fastest growing market with a CAGR of 11.3% for the study period 2008 to 2015.
Technological advancements such as capsule endoscopy and medical robots for minimally invasive surgery have strong growth potential each accounting for cumulative growth of over 25% between 2008 and 2015. Both these products enjoy monopolistic market with less than a handful of players in the market.
Endoscopic surgical devices account for the largest share in the products market whereas laparoscopic surgery accounts for about 28% of the minimally invasive surgical market.
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