North American minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 8.2% during the forecast period. North America minimally invasive surgical instruments market is showing remarkable growth owing to the increasing spine injuries and significant innovation in minimally invasive instruments in the region. The presence of major players such as Abbott Laboratories, Stryker Corporation, Intuitive Surgical Inc., Zimmer Biomet Holdings, Inc. and Johnson & Johnson are the major cause of rising innovations from the region. These players have introduced several new innovative devices in the market that has enabled to increase the effectiveness of the procedure. For instance, da Vinci series of the surgical robotic system by Intuitive Surgical, Inc. is designed for multiple procedures such as gastrointestinal, urology, neurology and so on.
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In addition, North American Spine offers minimally invasive spine surgery options for the treatment of back conditions, including bulging disc, spondylosis, sciatica and scoliosis. Its AccuraScope procedure provides hope for the patients suffering from neck and back pain with their treatment. This procedure is carried out in Dallas by North American Spine doctors. They use a tiny laser which is small than the tip of the mechanical pencil. The laser only works on the tissue that touches. This procedure is beneficial for people who have tissue-related issues. The advent of such kinds of minimally invasive procedures enables to increase the effectiveness of the treatment of the patients, which ultimately leads the demands for minimally invasive surgical instruments used during the procedure.
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The major players operating in the market include Abbott Laboratories, Inc., Intuitive Surgical Inc., and Zimmer Biomet Holdings, Inc. To survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in May 2018, Abbott expands portfolio of cardiac arrhythmias with FDA clearance for the Advisor HD Grid Mapping Catheter, Sensor Enabled. The purpose to develop this product was to offer innovative solutions to the physicians in order to accurately and quickly map complex cardiac arrhythmias among patients.
North American Minimally Invasive Surgical Instruments Market Segmentation
By Product
• Inflation Systems
• Cutter Instruments
• Guiding Devices
• Handheld Instruments
• Stents
• Sutures
• Monitoring and Visualization Equipment
• Robotic Assisted Surgical Systems
By Technology
• Endoscopy
• Laparoscopy
• Robot-Assisted Methods
• Arthroscopic Techniques
• Ablative Methods
By Application
• Cardiac Surgery
• Colorectal Surgery
• Dermatological Surgery
• ENT Surgery
• Gastrointestinal Surgery
• Gynecological Surgery
• Lung & Respiratory Care
• Neurosurgery
• Ophthalmology
• Orthopedics
• Others
Regional Analysis
• United States
• Canada
Company Profiles
• Abbott Laboratories, Inc.
• Boston Scientific Corp.
• Edwards Lifesciences Corp.
• Intuitive Surgical, Inc.
• Johnson & Johnson Services, Inc.
• Medtronic plc
• Stryker Corp.
• Teleflex, Inc.
• Terumo Medical Corp.
• Zimmer Biomet Holdings, Inc.
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