The prominence of minimally invasive surgeries is rising among patients.
Minimally Invasive Surgery Industry Overview:
The prominence of minimally invasive surgeries is rising among patients. According to the survey conducted by the Duke University School of Medicine, patients with drug-resistant epilepsy (DRE) prefer a minimally invasive procedure over brain surgery. Though the minimally invasive surgery will be lesser effective than open brain surgery, they were ready to accept the less benefits. The minimally invasive approach lowers down the risks and recovery time. Researchers discovered that minimally invasive surgery plays a crucial role in patients with ovarian cancer.
According to the research conducted by researchers at the Gynecologic Oncology at Levine Cancer Institute, Atrium Health, patients suffering from ovarian cancer gained similar effectiveness as laparotomy. In addition, they gained additional perioperative benefits. They found that patients recovered faster than those who underwent open surgery. Benefits such as short hospital stays, reduced pain, and rapid back to normal life process led patients to opt for such procedures.
New devices are making their ways in the market following the approval from governing bodies such as the U.S. Food and Drug Administration (FDA). The demand for minimally invasive surgery will rise in the coming years. According to the report published by Allied Market Research, the global minimally invasive surgery market is estimated to reach $94.42 billion by 2030. Following are some of the activities taking place across the globe.
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Top Leading Players:
The key players operating in the global Minimally invasive surgery market include Apollo Hospitals Enterprise Ltd, Bedfordshire Hospitals, Circle Health Ltd, Manipal Health Enterprises Pvt Ltd, King Fahd Medical City, Mount Elizabeth Hospital, Singapore General Hospital Ltd, Stanford Healthcare, The General Hospital Corporation, and The Johns Hopkins Hospital.
Covid-19 Scenario-
Here, it’s worth mentioning that the outbreak of the Covid-19 pandemic gave way to adjournment of the majority of minimally invasive surgery across the world, which in turn resulted into a steep decline in demand for minimally invasive surgery, thereby impacting the market negatively, especially during the initial period. However, as the global situation is getting back to normalcy, the market is also projected to revive soon.
Technological advancements in instruments and adoption of robotic surgeries are expected to raise the adoption of minimally invasive procedures. Moreover, the trend of medical tourism will supplement the increase in adoption. For carrying out minimally invasive surgeries, various devices and equipment play a crucial role. Advancements and approvals for innovative devices will enable surgeons in implementing those devices to carry out surgeries with precision and efficiency. Medical devices developers gained an approval from regulatory authorities for their devices. Lazurite gained an approval for its ArthroFree wireless camera system from the U.S. FDA. This system can be utilized for utilization in minimal invasive surgeries. It utilizes surgical displays, patient data, and endoscopes for improving surgeries in operating rooms. The developers highlighted that the device has been developed for creating a safe and efficient operating room environment for surgeons and patients. The company will commercialize the device and distribute in healthcare facilities and organizations. The commercialization will raise the benefits of advanced technologies and products for patients and surgeons. Rise in funding from private & government organizations for development of improved healthcare infrastructure will also help in launching new products for minimally invasive procedures.