The US minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 8.4% during the forecast period. Increasing spine procedures in the country are one of the major factors contributing to the market growth in the US. As per the NSCISC (National spinal cord injury statistical center), the prevalence of spinal cord injury is nearly 54 cases on each one million people in the US or nearly 17,700 new cases per year. These incidences of spine injuries are expected to accelerate the demand for spine surgical procedures. Additionally, the trend in spine surgery has been significantly moved towards minimally invasive surgery as it comprises surgical treatment of the spine by tiny incisions along with less disruption of the surrounding muscle tissue.
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Arthroscopy discectomy is used as a minimally invasive procedure for the treatment of spinal cord injuries. It includes a range of micro-tools such as micro-vacuums, lasers and mini-calipers in combination with a laparoscopic microscope intended to monitor the surgery site up close. The micro-tools and tiny lasers enable surgeons to cut away the herniated disc. The procedure provides relief to the patients from a herniated disc that is acute on a spinal cord or nerve root. Thus, the efficiency of arthroscopic techniques is expected to boost the demand for its use in minimally invasive spine procedures.
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The major companies in the US are acquiring firms for innovations in MIS instruments. For instance, in Feb 2018, J&J Medical Device Companies acquired Orthotaxy, a developer of software-enabled surgery technologies, such as differentiated robotic-assisted surgery solution. Currently, this proprietary technology is in early-stage development for total and partial knee replacement and J&J plants to widen its applications for several orthopedic surgical procedures. This acquisition will enable J&J for the development of the next-generation robotic-assisted platform in orthopedics, that is time-efficient, cost-effective and user-friendly in various care settings.
US Minimally Invasive Surgical Instruments Market Segmentation
• Inflation Systems
• Cutter Instruments
• Guiding Devices
• Handheld Instruments
• Monitoring and Visualization Equipment
• Robotic Assisted Surgical Systems
• Robot-Assisted Methods
• Arthroscopic Techniques
• Ablative Methods
• Cardiac Surgery
• Colorectal Surgery
• Dermatological Surgery
• ENT Surgery
• Gastrointestinal Surgery
• Gynecological Surgery
• Lung & Respiratory Care
• United States
• 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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