The global minimally invasive surgical instrument market is growing at a significant rate, due to advantages of minimally invasive surgeries above traditional open surgeries and mounting occurrence of lifestyle associated diseases. A different product such as inflation systems, auxiliary instruments, handheld instruments, cutter instruments, and electrosurgical devices contributed to the minimally invasive surgical instrument market size.
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Advantages of minimally invasive surgeries above traditional open surgeries, technological advancement, expanding the geriatric population, the mounting occurrence of lifestyle associated diseases, the speedily increasing demand of minimally invasive surgical procedures, and reduction in healthcare cost and time are the primary growth drivers for minimally invasive surgical instrument market.
North America is the largest minimally invasive surgical instrument market as in the region the geriatric population is increasing. Asia-Pacific is observed to witness the fastest growth in the market, due to the large pool of patients.
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Key players in the minimally invasive surgical instrument market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.
Medtronic PLC, Smith & Nephew PLC, Johnson & Johnson, Conmed Corporation, Stryker Corporation, Hoya Corporation, B. Braun Melsungen Ag, Applied Medical Resources Corporation, and Zimmer Biomet Holdings, Inc. are the key players offering minimally invasive surgical instrument.
Source: VynZ Research