The global minimally invasive surgery market will likely grow at a compound annual rate of 6.4 percent between 2016 and 2020, according to an iHealthcareAnalyst report.
Here are four observations:
1. The market is anticipated to hit $9.8 billion by 2020.
2. Abbott Laboratories, ArthroCare, Zimmer Biomet, DePuy Synthes, GE Healthcare, Given Imaging, Intuitive Surgical, Medtronic, NuVasive, Philips Healthcare, Siemens Healthcare, Stryker, Surgical Innovations Group, Teleflex and Varian Medical Systems lead the space.
3. Technological advancements have spurred the MIS market growth.
4. Minimally invasive procedures are intended to cut recovery times and result in less patient discomfort.