Germany minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 7.6% during the forecast period. Germany is the major contributor to the healthcare sector in Europe. According to the International Trade Administration (ITA), Germany is Europe’s largest market for medical devices, accounting nearly $41 billion per year, and behind the US and Japan. The major factors driving Germany’ medical device sector include innovative strength and availability of subsidiaries of major US companies such as Medtronic, GE Healthcare and 3M in Germany.
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Further, a rise in colectomies procedures has reported in Germany. For instance, according to Eurostat, Germany recorded the highest frequency of colectomies, 107.7 colectomies per 100 000 inhabitants in 2015. The country has also reported the highest frequency of pulmectomies with 39.1 of these operations per 100 000 inhabitants, which has been followed by Hungary, (26.1 pulmectomies per 100 000 inhabitants). This emerging colectomies and pulmectomies procedures performed in Germany, is expected to drive the demand for minimally invasive surgeries as it is a better option than conventional open surgery with improved patient’s outcome and faster recovery. As the country is investing in the healthcare sector for providing effective care to patients, the possibility of adoption of effective treatment options will also rise. This, in, turn, is expected to boost the market in Germany.
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The major players in the market include Abbott Laboratories, Inc., B. Braun Melsungen AG, Stryker Corp., Johnson & Johnson Services, Inc., and Medtronic plc. These companies are adopting several strategies to expand market share and gain a competitive advantage over their competitors. For instance, in April 2018, B. Braun opened five new medical production plants in Penang (a Malaysian State). It has opened to expand manufacturing of medical devices for surgical instruments, pharmaceutical solutions and infusion therapy in order to treat patients in Malaysia and across the globe.
Market Segmentation
Germany Minimally Invasive Surgical Instruments Market by Product
- Inflation Systems
- Cutter Instruments
- Guiding Devices
- Handheld Instruments
- Stents
- Sutures
- Monitoring and Visualization Equipment
- Robotic Assisted Surgical Systems
Germany Minimally Invasive Surgical Instruments Market by Technology
- Endoscopy
- Laparoscopy
- Robot-Assisted Methods
- Arthroscopic Techniques
- Ablative Methods
Germany Minimally Invasive Surgical Instruments Market by Application
- Cardiac Surgery
- Colorectal Surgery
- Dermatological Surgery
- ENT Surgery
- Gastrointestinal Surgery
- Gynecological Surgery
- Lung & Respiratory Care
- Neurosurgery
- Ophthalmology
- Orthopedics
- Others
Company Profiles
- Abbott Laboratories, Inc.
- Braun Melsungen AG
- Boston Scientific Corp.
- Edwards Lifesciences Corp.
- Intuitive Surgical, Inc.
- Johnson & Johnson Services, Inc.
- Medtronic plc
- Smith & Nephew Plc
- Stryker Corp.
- Teleflex, Inc.
- Terumo Medical Corp.
- Zimmer Biomet Holdings, Inc.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
