The global minimally invasive surgery market is anticipated to reach $50.6 billion by 2019, according to a Transparency Market Research report.
Here are five notes:
1. In 2012, the market was worth $25.03 billion.
2. The market will continue to grow at a 10.5 percent compound annual growth rate through 2019.
3. A growing aging population and increasing number of diseases requiring surgery will drive the MIS market.
4. The orthopedics segment will grow at the second fastest CAGR through 2019, as more people are treated for arthritis and low bone density with MIS procedures.
5. North America dominated the global market, but the Asia-Pacific region will see a 13.3 percent CAGR through 2019.