The European minimally invasive surgical instruments market was valued at US$5.042 billion in 2017 and is projected to expand at a CAGR of 7.40% over the forecast period to reach US$7.739 billion by 2023. The use of minimally invasive surgical instruments is growing on account of widespread implementation of minimally invasive surgical procedures. The ability to conduct surgical operations in short durations along with its potential to generative cost-savings has been instrumental in increasing the use of minimally invasive surgical procedures, thus driving the European minimally invasive surgical instruments market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the minimally invasive surgical instruments value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the European minimally invasive surgical instrument market.
Major industry players profiled as part of the report are Abbot, Medtronic, Zimmer Biomet, and Aesculap Implant Systems LLC among others.
The European minimally invasive surgical instruments market has been analyzed through following segments:
Surgical Sutures and Staples