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Latin America Minimally Invasive Surgery Market In Review: A Rate Hike Is A Lock

Press Release   •   Jan 17, 2017 06:36 EST

Minimally invasive surgeries (MISs) are type of surgeries that are performed using technologically advanced devices and instruments, with smaller incisions on the patient’s body. The goal for minimally invasive surgery is to reduce the risk of infection and promote rapid healing. This report studies the market for minimally invasive surgery in Latin America from three perspectives. They are, namely, the types of devices used in performing these surgeries, various types of surgeries performed in the markets of Latin America and major geographic markets of Latin America. The devices segment has been further partitioned into three main categories: surgical devices, monitoring and visualization devices and endoscopy devices. Surgical devices are further classified as ablation devices, electrosurgical devices and medical robotic systems. Similarly, the monitoring and visualization devices segment has also been divided into MRI equipment, CT scanners, X-ray devices, ultrasound equipment and other (PET and SPECT scanners and combination devices such as PET/CT, PET/MRI, SPECT/CT and SPECT/MRI).

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The increase in preference of minimally invasive surgeries in Latin America is also attributed to the higher rate of patient comfort in terms of surgical discomfort and reduction in duration of their hospital stay.The report segments the Latin America minimally invasive surgery market according to the categories of product types, type of surgery, and country. From the point of view of product types, the Latin America minimally invasive surgery market was dominated by surgical devices in 2013. This is attributed directly to the growing use of advanced surgical tools that reduce the need for invasive surgery. The fastest growth rate in the product segment is attributed to medical robots.

In terms of types of surgeries, the Latin America minimally invasive surgery market was led by cardiac surgery in 2013 according to revenue. However, the report states that this segment is expected to decline in market share owing to the rapid rate of increase of cosmetic surgeries in Brazil and Mexico. The segments of orthopedic and cosmetic surgeries are expected to witness the fastest rate of growth within the report’s forecast period.

Regionally, the Latin America minimally invasive surgery market was led by Brazil and Mexico as the two nations collectively held over 50% of the market in 2013. Mexico is expected to show the fastest growth rate within the report’s forecast period, followed closely by Brazil.The report cites figures by the International Society of Aesthetic Plastic Surgery, which states that there was a 120% increase in the number of cosmetic surgeries in Brazil between 2009 and 2012. This favors the Latin America minimally invasive surgery market to a large extent.

Key players in the Latin America minimally invasive surgery market are Stryker Corporation, Abbott Laboratories, Inc., Varian Medical Systems, Inc., Siemens Healthcare, GE Healthcare, Medtronic, Inc., Teleflex, Covidien plc, DePuy Synthes, Inc., Biomet, Inc., and Philips Healthcare. The top companies of the Latin America minimally invasive surgery market all possess highly advanced product portfolios which allow them to take up larger share in the market.

Read the Present Market Status of Latin America's Minimally Invasive Surgery at: http://www.transparencymarketresearch.com/latin-america-minimally-invasive-surgery-market.html

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