Visualization Instruments for MIS Market Estimated to Surpass Value of US$ 21.0 Bn by 2031: TMR Study
22 Nov 2022
Increasing demand for visualization systems for complex surgical procedures augmenting growth in global visualization instruments for MIS market
Increasing demand for minimally invasive surgeries and rising prevalence of chronic diseases in countries such as U.K. and Germany substantiates major share of Europe
WILMINGTON, Del., Nov. 22, 2022 /PRNewswire/ -- The visualization instruments for MIS report by TMR estimates the said market to grow at a CAGR of 7.2% during the forecast period between 2022 and 2031.
The last few years have witnessed an increase in patient preference for medical surgeries that involve fewer incisions. As a result, the demand for visualization instruments, which have helped in achieving improved patient outcomes and helped healthcare personnel perform examinations efficiently, has risen and triggered the growth in overall market.
Growth strategies such as new product launches are helping prominent players in global visualization instruments for MIS market in generating significant amounts of revenue and in gaining a competitive edge over other players. Furthermore, well-established market players are collaborating with smaller players in a bid to expand their presence in global market and increase their revenue shares.
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Key Findings of Visualization Instruments for MIS Market Study
Rising Demand for Visualization Systems Stimulating Growth in Overall Market: Visualization systems segment accounted for the largest visualization instruments for MIS market share in 2021 and is projected to remain the dominant segment during the forecast timeline. Increase in technological advancements in minimally invasive surgeries visualization systems to improve imaging capacities and growing number of new visualization systems launch contributed to growth in the segment
Increasing Demand for Endoscopy MIS Procedures Fueling Growth in Visualization Instruments for MIS Market: Endoscopy MIS segment accounted for major share in overall market in 2021. Key reasons behind the growth in the segment are increasing number of endoscopy procedures and rising adoption of visualization instruments and MIS instruments in endoscopy medical procedures, worldwide.
Rising Number of MIS Performed in Hospitals Propelling Overall Market: Hospital end-use segment accounted for the largest share in global market in 2021. Increasing number of minimally invasive surgeries performed in hospitals, as well as rise in number of hospitals globally have been key factors contributing to growth in the segment and, in turn, assisting in growth of visualization instruments for MIS market
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Visualization Instruments for MIS Market-Key Drivers
Rising demand for minimally invasive surgeries is one of the key driving factors of global visualization instruments for MIS market
Increasing usage of robotics while performing medical procedures for greater precision and reduced human intervention is anticipated to augment market growth during the forecast timeline
Visualization Instruments for MIS Market-Regional Market Insights
Europe accounted for major share in global market in 2021 due to factors such as increasing demand for minimally invasive surgeries and rising prevalence of different chronic diseases in countries such as U.K. and Germany
Latin America is expected to witness significant growth in overall market during the forecast timeline because of increasing geriatric population and rising awareness about minimally invasive surgeries in countries such as Brazil and Argentina
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Visualization Instruments for MIS Market-Key Players
The global visualization instruments for MIS market analysis indicates that the competition is intense due to the presence of numerous prominent players. Entry of new players could intensify the competition in overall market, during the forecast timeline.
Leading market players are investing in research and development undertakings to produce improved visualization systems that would meet consumer requirements at healthcare infrastructure facilities such as hospitals and clinics.
Some of the prominent players in global market include Olympus Corporation, Smith & Nephew PLC, Stryker Corporation, Medtronic PLC, and Richard Wolf GmbH.
The global visualization instruments for MIS market is segmented as follows:
Product Type
Visualization Systems
2D Systems
Consumables & Accessories
MIS Type
Endoscopy
Arthroscopy
Bronchoscopy
Gastroscopy
Others
End-use
Hospitals
Clinics
Ambulatory Surgery Centers
Others
Regions Covered
North America
Europe
Latin America
Middle East & Africa
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
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