According to a recent medGaget report, the North American minimally invasive surgical instruments market is predicted to reach $2.7 billion by 2021 with a growth rate of 8.9 percent.
Here are five things to know:
1. Instruments within the market include electrosurgical instruments, balloon inflation devices, guiding catheters, dilators and visualizing scopes.
2. The growing number of minimally invasive procedures, rising government investments and increasing incidence of bone disorders are the key influencers of the market.
3. Regulatory policies for the approval of advanced surgery instruments and irregular reimbursement scenarios could cause setbacks to the market growth.
4. The private hospitals and surgical clinics segment is estimated to account for the largest share of the minimally invasive surgical instruments market.
5. Key players in the market include Medtronic, Ethicon, Stryker, ConMed, Smith & Nephew and Zimmer Biomet.