The global minimally invasive surgical instrument market is anticipated to grow at a compound annual growth rate of 10.2 percent through 2021, based on a MarketsandMarkets report, according to HealthCareBusiness.
Here are seven notes:
1. The global MIS instrument market is expected to hit $18.14 billion by 2021.
2. In 2016, the market totals $11.16 billion.
3. An increasing geriatric population as well as a rising prevalence of bone conditions and spine injuries will spur the global market growth.
4. Private hospitals and surgical clinics captured the largest market share in 2015.
5. In 2015, North America dominated the global market.
6. The Asia Pacific region will experience the greatest market growth, due to an increasing demand for MIS instruments and companies entering in the market space.
7. Dominant market players include Medtronic, Ethicon, Aesculap, Stryker and Smith & Nephew.