SOURCE: MarketResearch.com

MarketResearch.com

July 12, 2011 08:08 ET

Minimally Invasive Medical Devices (MIS) Market to Reach $21 Billion by 2016

ROCKVILLE, MD--(Marketwire - Jul 12, 2011) - MarketResearch.com has announced the addition of the new report "The Market for Minimally Invasive Medical Devices," to their collection of Medical Devices market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6443950

A growing number of surgical procedures are carried out using minimally invasive techniques. This has created a multibillion-dollar market for specialized devices and instruments used for these procedures. They include monitors and imaging equipment, electrosurgical devices, handheld instruments, auxiliary devices, and accessories.

Because the use of these products is increasing so rapidly, there is a pressing need to develop an up-to-date base of market information to better understand the dynamics of the market for minimally invasive surgical devices and instruments.

Technological advances have expanded the range of surgical procedures that can be performed using minimally invasive techniques, while giving physicians new tools for the diagnosis and treatment of injuries and pathologies.

This study meets these needs by analyzing global markets for minimally invasive surgical devices and instruments (see Scope and Format for a definition of these devices) in light of the most recent available information.

The global market for MIS devices and instruments was worth an estimated $13.4 billion in 2010. The market is expected to reach $14.4 billion in 2011 and $21.1 billion by 2016, a compound annual growth rate (CAGR) of 7.9% between 2011 and 2016.

Cardiothoracic surgery was the largest application segment for MIS devices and equipment in 2010, representing 68% of the total market.

Orthopedic surgery is the fastest growing application segment, with a CAGR of 11.2% between 2011 and 2016, followed by cardiothoracic surgery (8%) and vascular surgery (7.8%).

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6443950

About MarketResearch.com

MarketResearch.com is the leading provider of global market intelligence products and services. With over 300,000 research reports from more than 700 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. For more information, call Veronica Franco at 240-747-3016 or visit www.MarketResearch.com.

Contact Information

  • Contact:
    Veronica Franco
    MarketResearch.com
    Email Contact
    240.747.3016