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Chile Minimally Invasive Surgical Instruments Market to Reach US$ 201.4 Mn by 2030

The global Chile Minimally Invasive Surgical Instruments market size is expected to reach USD 201.4 million by 2030 and is expected to expand at a CAGR of 12.9% from 2021 to 2030.

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Growth Factors

Minimally invasive surgery is highly efficient as it enables the surgeons to use advanced technology and surgical techniques during surgery in a less harmful manner. It reduces the number and size of incisions made, lowering the risk of complications and damage to surrounding muscle and tissue. The improving healthcare infrastructure and the ease with which the instruments are accessible are contributing to the market growth. In addition, the growing geriatric population is expected to boost market growth. For instance, as per the Ministry of Foreign Affairs, Chile’s population over age 65 is expected to reach 34.9% by 2050.

The market growth can be attributed to the improving healthcare infrastructure in the country, coupled with the easy access to the market. In addition, the rise in the geriatric population and technological advancements are some of the key factors driving the market. Minimally invasive surgery (MIS) has become the standard of treatment in almost every field owing to advancements in technology and methodologies. MIS offers reduced pain, increased accuracy, quicker recovery, shorter length of hospital stay, decreased risk of infection, lower incidence of post-surgery complications, and overall improved quality of life compared to conventional open surgeries. 

Report Highlights

The handheld instruments segment dominated the market and held a revenue share of 34.3% in 2020. This is attributed to an increase in the number of surgical procedures performed, its higher precision and versatility, safe performance, high accuracy, and affordability. Furthermore, surgeons are progressively adopting technological developments in handheld surgical devices as the ease of use of these instruments improves.

The electrosurgical devices segment is anticipated to expand at the fastest CAGR of 12.6% over the forecast period. The use of electrosurgical devices has grown significantly to include a wide range of surgical specialties owing to benefits such as less operating time, minimal blood loss, and less damage to the surrounding tissues as these devices are highly precise, where the low voltage is chosen for cut modes and high voltage is preferred for coagulation modes.

The orthopedic segment held the largest revenue share of 33.1% in 2020. The adoption of minimally invasive surgery (MIS) is high in orthopedics due to advantages such as minimum blood loss, minimal soft tissue damage, shorter turnaround time, and faster rehabilitation with smaller scars. In orthopedics, minimally invasive surgery is becoming the desired standard, principally due to technological advancements. The approach is proving to be particularly effective in joint replacement, fracture and bone reconstruction, and limb realignment.

Key Players

  • Medtronic
  • Stryker
  • Smith & Nephew
  • Abbott
  • CONMED
  • Zimmer Biomet
  • Intuitive Surgical, Inc.
Report Coverage Details
Market Size US$ 201.4 million by 2030
Growth Rate CAGR of 12.9% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Device, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Medtronic; Stryker; Smith & Nephew; Abbott; CONMED; Zimmer Biomet; Intuitive Surgical, Inc.

Market Segmentation

  • Device
    • Handheld Instruments
    • Inflation Devices
    • Cutter Instruments
    • Guiding Devices
    • Electrosurgical Devices
    • Auxiliary Devices
    • Monitoring & Visualization Devices
  • Application
    • Cardiac
    • Gastrointestinal
    • Orthopedic
    • Vascular
    • Gynecological
    • Urological
    • Thoracic
    • Cosmetic
    • Dental
    • Others

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Reasons to Purchase this Report:– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Chile Minimally Invasive Surgical Instruments Market, By Device

7.1.  Chile Minimally Invasive Surgical Instruments Market, by Device, 2021-2030

7.1.1.    Handheld Instruments

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Inflation Devices

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Monitoring & Visualization Devices

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Cutter Instruments

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Guiding Devices

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Electrosurgical Devices

7.1.6.1.        Market Revenue and Forecast (2017-2030)

7.1.7.    Auxiliary Devices

7.1.7.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Chile Minimally Invasive Surgical Instruments Market, By Application

8.1.  Chile Minimally Invasive Surgical Instruments Market, by Application, 2021-2030

8.1.1.    Cardiac

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Gastrointestinal

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Orthopedic

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Vascular

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Gynecological

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Urological

8.1.6.1.        Market Revenue and Forecast (2017-2030)

8.1.7.    Thoracic

8.1.7.1.        Market Revenue and Forecast (2017-2030)

8.1.8.    Cosmetic

8.1.8.1.        Market Revenue and Forecast (2017-2030)

8.1.9.    Dental

8.1.9.1.        Market Revenue and Forecast (2017-2030)

8.1.10.  Others

8.1.10.1.      Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Chile Minimally Invasive Surgical Instruments Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Device (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Device (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Device (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Device (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Device (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Device (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Device (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Device (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Device (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Device (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Device (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Device (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Device (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Device (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Device (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Device (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Device (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Device (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Device (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Device (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Device (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Medtronic

10.1.1.  Company Overview

10.1.2.  Device Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Stryker

10.2.1.  Company Overview

10.2.2.  Device Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Smith & Nephew

10.3.1.  Company Overview

10.3.2.  Device Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Abbott

10.4.1.  Company Overview

10.4.2.  Device Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              CONMED

10.5.1.  Company Overview

10.5.2.  Device Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Zimmer Biomet

10.6.1.  Company Overview

10.6.2.  Device Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Intuitive Surgical, Inc.

10.7.1.  Company Overview

10.7.2.  Device Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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