France Minimally Invasive Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The France Minimally Invasive Surgery Devices Market is Segmented by Product and Application

Market Snapshot

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Study Period:

2018 - 2026

Base Year:

2019

CAGR:

5.6 %

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Market Overview

The France Minimally Invasive Devices Market is expected to witness a 5.6% CAGR growth during the forecast period. The major factors expected to drive the market growth are the rising number of surgical procedures along with the burden of chronic diseases in the country and technological advancement in the products. 

According to the Organization for Economic Cooperation and Development, in 2018, there are about 148075 caesarian sections were being performed in France thereby positively influencing the market studied. Moreover, the benefits associated with minimally invasive surgeries are also increasing the adoption rate of MIS devices. As there are minimal cuts or stitches involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to a quicker recovery. Thus, associated benefits are expected to accelerate the market studied over the forecast period.

Scope of the report

As per the scope of this report, minimally-invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment, which are used during the minimally-invasive procedure. The market is segmented by product type and application. 

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Key Market Trends

Orthopedic Surgery Segment is Expected to Exhibit Fastest Growth Rate Over the Forecast Period

Orthopedic surgery is concerned with conditions involving the musculoskeletal system. Orthopedic surgeries are used as both surgical and nonsurgical means to treat or correct musculoskeletal trauma, spine diseases, sports injuries, degenerative diseases, infections, tumors, and congenital disorders.

Elderly patients are more prone to spinal injuries. As a result, more elderly patients have concerns regarding back pain other structural joint issues. For instance, as per the data published by "Knoema", in 2019, 20.4% of the total French population was aged 65 years and above. In addition, the population aged 65 years and above of France increased from 12.9 % in 1970 to 20.4 % in 2019. Thus, orthopedic surgeries are expected to increase in France as the geriatric population in France is high and is also expected to increase in the future. Moreover, a high adoption rate and demand for more minimally invasive procedures are expected to drive the growth of market studied.

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Competitive Landscape

Some of the major players in the France Minimally Invasive Surgery Devices Market are Terumo Corporation, Karl Storz GmbH, Olympus Corporation, GE Healthcare, Medtronic Plc, Drägerwerk AG & Co. KGaA, LED SpA, Fazzini and Quanta Systems.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Higher Acceptance Rate of Minimally-invasive Surgeries over Traditional Surgeries in Country

      2. 4.2.2 Increasing Prevalence of Lifestyle-related and Chronic Disorders

    3. 4.3 Market Restraints

      1. 4.3.1 Shortage of Experienced Professionals

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Handheld Instruments

      2. 5.1.2 Monitoring and Visualization Devices

      3. 5.1.3 Robotic Assisted Surgical Systems

      4. 5.1.4 Ablation Devices

      5. 5.1.5 Other MIS Devices

    2. 5.2 By Application

      1. 5.2.1 Aesthetic

      2. 5.2.2 Cardiovascular

      3. 5.2.3 Gynecological and Urological

      4. 5.2.4 Orthopedic

      5. 5.2.5 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 GE Healthcare

      3. 6.1.3 Intuitive Surgical Inc.

      4. 6.1.4 Koninklijke Philips NV

      5. 6.1.5 Medtronic PLC

      6. 6.1.6 Olympus Corporation

      7. 6.1.7 Siemens Healthineers

      8. 6.1.8 Smith & Nephew PLC

      9. 6.1.9 Stryker Corporation

      10. 6.1.10 Zimmer Biomet

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The France Minimally Invasive Surgery Devices Market market is studied from 2018 - 2026.

The France Minimally Invasive Surgery Devices Market is growing at a CAGR of 5.6% over the next 5 years.

  • Karl Storz GmbH
  • Terumo Corporation
  • Medtronic Plc
  • Drägerwerk AG & Co. KGaA
  • Olympus Corporation

Are the major companies operating in France Minimally Invasive Surgery Devices Market.

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