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

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

Advertisement

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.

 

More articles on MIS:
Misonix reports $7.3M in Q1 2018 revenue — 5 takeaways
Renew Spine Care and SpineMark team up to make MIS spine mainstream
MIS vs. nonsurgical management of sacroiliac joint pain: 4 key findings

Advertisement

Next Up in Uncategorized

Advertisement

Comments are closed.