Minimally invasive surgical device market to reach $18B by 2021: 4 highlights

Written by Mackenzie Garrity | November 08, 2017 | Print  |

The global minimally invasive surgical device market is predicted to exceed $18 billion by 2021, medGadget reports.

Here are four highlights:

 

1. The market will see a 10.2 percent compound annual growth rate from 2017 to 2021.

 

2. Advancements in minimally invasive surgery, reduction in healthcare costs and an increase in the geriatric population will drive the market during the forecast period.

 

3. In 2015, North America accounted for the largest share of the minimally invasive surgical devices market. However, the Asia-Pacific market is expected to see the most growth throughout the forecast period.

 

4. Key market competitors include Medtronic, Stryker, Smith & Nephew and Aesculap.

 

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