Minimally invasive surgery (MIS) is
known for its efficiency and its low risk procedures. These procedures are
safe, patient friendly, very precise in nature, and have improved surgical
outcomes. MIS ensures the patient’s quick recovery and also shortens the
hospital stay. These factors have led to an increase in the demand for MIS
across the globe. The prime advantages of MIS are reduction in post-operative
difficulties, better cosmetic result, quick recovery, and the relative cost
effectiveness.
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With the increase in pressure to pull
down healthcare costs and simultaneously improve the surgical outcome, MIS has
been successful in replacing conventional invasive surgical methods. With MIS,
the pressure of high investment in treatments has been considerably reduced.
Favorable reimbursement system and provisions have further induced the demand
for MIS. On the other hand, the high investment cost for such devices is one of
the concerns for the adoption of this method on a large scale.
The market of MIS can be classified
on the basis of product types, technology, and applications. The major product
types used in MIS are endoscopic devices, monitoring and visualization systems,
electrosurgical devices, imaging systems, and some others. The technology
segment comprises of medical robots and capsule endoscopes. The applications
segment is further divided into cosmetic surgery, gastrointestinal surgery,
orthopedic surgery, cryosurgery, and laparoscopic surgery. The emerging
economies of Asia-Pacific will also undergo impressive growth in the given
period of forecast. Some of the major players of this market are Stryker
Corporation, Conmed Corp., Fujifilm Holdings Inc., Ethicon Endo Surgery Inc.,
Accellent Inc., and Covidien PLC.
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