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The Australian Minimally Invasive Surgery Devices Market is segmented by Product and Application
The market studied is expected to witness robust growth, due to the increasing demand for minimally-invasive surgeries over traditional surgeries and the rising prevalence of lifestyle-related and chronic disorders.
Minimally-invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment, which are used during the minimally-invasive procedure. The minimally-invasive neurosurgery device market has been growing at a significant rate, due to various benefits associated with minimally-invasive procedures, such as less recovery time, minimal pain to the patients, shortened hospital stay, and high accuracy.
|Laser Based Devices|
|Other MIS Devices|
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Endoscope devices are minimally invasive that can be inserted into natural openings of the human body, in order to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. Endoscopy can be indicated in various types of conditions, such as GIT disorders, pancreatitis, gastric/stomach cancer, respiratory tract disorders, urinary tract disorders, etc.
The market for an endoscope is expected to be driven by favorable reimbursement policies, technological advancements, and an increasing number of new players in the endoscopy devices market.
In August 2019, President Private Hospital Kirrawee launched a new endoscopy service that enables patients to directly book into endoscopy examinations in Kirrawee, Sydney. A campaign was also launched by the President Private Hospital in July 2019, to boost low bowel screening participation rates across St George and Sutherland Shire. The campaign promotes Australia's National Bowel Cancer Screening Program and urges more people in the community to do to free life-saving test.
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The market studied is moderately competitive, and there are several international as well as local companies that are present in Australia and have been providing minimally invasive surgery (MIS) solutions. The major players in the Australian minimally invasive surgery devices market are Boston Scientific Corporation, Koninklijke Philips N.V, Medtronic PLC, Olympus Corporation, Stryker Corporation, Zimmer Biomet, etc.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence Lifestyle-related and Chronic Disorders
4.2.2 Increasing Preference for Minimally Invasive Procedures
4.3 Market Restraints
4.3.1 Shortage of Experienced Professionals
4.3.2 High Cost of the Devices and Surgery
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Products
5.1.1 Handheld Instruments
5.1.2 Guiding Devices
5.1.3 Electrosurgical Devices
5.1.4 Endoscopic Devices
5.1.5 Laparoscopic Devices
5.1.6 Ablation Devices
5.1.7 Laser Based Devices
5.1.8 Other MIS Devices
5.2 By Application
5.2.7 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Boston Scientific Corporation
6.1.2 GE Healthcare
6.1.3 Intuitive Surgical Inc.
6.1.4 Koninklijke Philips NV
6.1.5 Medtronic PLC
6.1.6 Olympus Corporation
6.1.7 Siemens Healthineers
6.1.8 Smith & Nephew
6.1.9 Stryker Corporation
6.1.10 Zimmer Biomet
7. MARKET OPPORTUNITIES AND FUTURE TRENDS