Noida, UP -- (SBWIRE) -- 05/14/2015 -- According to a new research report by RNCOS entitled, "Global Minimal Invasive Device Market Outlook 2020", the wave of technological innovation is making surgical systems simpler and more flexible as compared to invasive tools including chisels and scissors. Imbibed with several advantages over conventional surgical tools like reduced muscular trauma due to less than an inch incision, shorter hospital stay, and quicker recovery, the minimally invasive surgical devices market will grow at a CAGR of 7.7% to reach US$ 15.2 Billion by 2020. Moreover, factors such as government efforts to reduce healthcare costs and increasing adoption of surgical procedures by the geriatric population are driving the global MIS instruments market.

With the growing awareness, the medical devices manufacturers are flooding the market with advanced tools ranging from handheld instruments (cardiac stents, balloon catheters, endoscopy devices etc) to highly articulated robotic systems. In an effort to reduce time and physical strain caused by conventional procedures, clinicians across the globe are incorporating flexible tools keeping patients in less pain. The surgical tools & equipments represent the largest segment of the global minimally invasive medical devices market. The segment accounted for 65% market share in 2014, which is expected to increase to 67% by 2020. The US is the biggest consumer of the technology followed by Europe and Asia-Pacific.

The report is spread in over 75 pages and provides an in-depth research and rational analysis of the current status and future prospect of the Global Minimally Invasive Medical Device Industry. The report provides a clear picture of minimally invasive technology, factors driving the industry growth, and challenges faced by the industry. In addition to this, the study includes emerging trends and developments in the industry. The report further highlights market segmentation of the industry by types of devices and geography. With special emphasis on competitive landscape and the share of dominant players in the market, the research provides valuable information to the investors who are looking to enter in this market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM744.htm

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About RNCOS
RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.