The market for minimally invasive surgery is expected to double, reaching $50.6 billion globally by 2019, according to the report "Minimally Invasive Surgery Market (Surgical Devices, Monitoring & Visualization Devices, and Endoscopy Devices) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019," from Transparency Market Research.
The annual growth rate for the market is expected to be about 10.5 percent, due to increasing incidence of diseases like cancer and arthritis, which will increase with the burgeoning elderly population. In addition, technological advances will contribute to market growth, according to a news release.
North America accounts for the largest share of the minimally invasive surgery market, however the Asia-Pacific region's market is expected to grow most quickly, at a rate of 13.3 percent annually to 2019, according to the release.
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The annual growth rate for the market is expected to be about 10.5 percent, due to increasing incidence of diseases like cancer and arthritis, which will increase with the burgeoning elderly population. In addition, technological advances will contribute to market growth, according to a news release.
North America accounts for the largest share of the minimally invasive surgery market, however the Asia-Pacific region's market is expected to grow most quickly, at a rate of 13.3 percent annually to 2019, according to the release.