Non-invasive or minimally invasive surgical and diagnostic procedures have been taking the medical industry by storm. Some of the non-invasive diagnostic procedures include fluoroscopy, MRI, CT, PET, and ultrasonography, which are currently popularly used to diagnose a number of conditions, including cancer, cardiovascular diseases (CVDs), and neurological diseases. Rapid adoption of non-invasive diagnostics has also been complementing the growing demand for non-invasive surgical procedures. Most non-invasive surgeries promote faster recovery, and thus, reduced hospital stay and lesser risk of hospital acquired infection.
Some of the widely used non-invasive imaging techniques include fluoroscopy, CT, MRI, PET, and ultrasonography. However, fluoroscopy continues to be the gold standard for non-invasive imaging techniques during surgical procedures. These techniques are also used in diagnosing a number of diseases associated with cardiology, neurology, dermatology, gynecology, and urology.
Non-invasive diagnostic, imaging, and surgical procedures have picked up pace particularly in the cardiology domain, which has triggered a number of new launches in non-invasive cardiology category. Some of the non-invasive diagnostic procedures commonly used in this domain include nuclear cardiology, echocardiography, cardiac electrophysiology, stress test, cardiac monitoring, and CT scans.
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Some of the non-invasive cardiology surgeries, including angiography, angioplasty, and valve replacement, use fluoroscopy as a preferred non-invasive imaging technique for real-time monitoring during cardiology procedures.
What’s Shaping the Non-Invasive Surgery Market?
Non-Invasive surgery offers a few advantages over conventional invasive procedures, which mainly include faster results, lesser pain, reduced hospital stay, and rapid recovery. The adoption of non-invasive surgery has witnessed growth along with significant technological advancements, such as the development of robotic surgical units for higher precision. Increasing patient preference for pain-free diagnostics and surgical procedure and quicker recovery are expected to remain the primary influencers driving the market for non-invasive surgery.
Other factors driving the growth of non-invasive surgery market include rising prevalence of chronic diseases, such as cardiovascular disorders, and cancer. Significantly high rate of Non Invasive diagnostics in case of cardiovascular diseases is projected to establish a firm base for the expansion of non-invasive surgery market in the cardiology domain. However, high costs of diagnostic as well as surgical procedures, high capital investment in equipment, infrastructural requisites, and critical need for skilled operating professionals would continue to be the major challenges facing the stakeholders in non-invasive surgery market.
Non-Invasive Surgery Market Segmentation
Based on the procedure, the global non-invasive surgery market is segmented into:
Based on therapeutic application, the global non-invasive surgery market is segmented into:
Based on the end user, the global non-invasive surgery market is segmented into:
Non-Invasive Cardiology Becoming a Sought-after Application Area
Non-invasive diagnostics is growing at a significantly high rate that is primarily attributed to the demand for pain-free imaging, and increased quality and precision of diagnosis. Non-invasive imaging techniques, such as PET, CT, MRI, and ultrasonography are the most popular imaging techniques, and the development of such non-invasive diagnostic procedures is improving the scope of penetration for non-invasive imaging techniques in a range of non-invasive surgical procedures. Owing to the rising prevalence of cardiovascular diseases, globally, non-invasive cardiology has become the most sought-after therapeutic application. Analysis of the non-invasive surgery market by end users reveals that hospitals will continue to hold the maximum share in global market revenue in the near future.
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Asian Economies Hold the Future
Large patient pool in Asia Pacific (APAC) augurs well for the growth of non-invasive surgery market. However, high costs of procedures would remain a major barrier for rapid growth of market within the region. Non-invasive cardiology has been a prominent market in APAC, attributing to the massive CVD patient pool across Asian countries. Faster adoption of new technologies, and favourable government regulations and reimbursement policies in North America, are collectively expected to be driving the growth of non-invasive surgery market in developed regions like North America. Europe is expected to follow a similar growth pattern during the next few years in non-invasive surgery. Although the market growth in APAC is significantly high, North America and Europe are projected to hold the maximum revenue share in global non-invasive surgery market over the period of upcoming years.
Key Players in Non-Invasive Surgery Market
Some of the manufacturers of non-invasive surgery include Medtronic Plc, Intuitive Surgical Inc., B. Braun Melsungen AG, Boston Scientific Corporation, CONMED Corporation, Cogentix Medical, Inc., FUJIFILM Medical Systems U.S.A., Inc., KARL STORZ SE & Co. KG, and Olympus Corporation, among others.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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