Though Covid-19 highly impacted surgery-related requirements and dynamics, post covid scenario is changing and there are signs of growing demand for better devices & instruments used in varied surgical cases. Further, the increasing prevalence of chronic diseases such as cancer and cardiovascular diseases, also one of the key reasons amongst others, is driving the demand for minimally invasive surgical (MIS) procedures for treatment in various geographies. Recent advancements in surgical tools for providing better handling and surgical experiences have also led to innovations in suturing devices & accessories, dissectors, retrievers, etc. for carrying out MIS procedures having benefits such as minimizing the requirement of multiple devices to perform surgery, less post-operative pain, fewer major operative & postoperative complications, faster recovery times, less scarring, less stress on the immune system, and smaller incisions, etc.
Exponential technologies like connected devices, robotics, 3D printing, big data and analytics, AI/ML, robotic process automation, etc. are delivering transformative change by disrupting this space with technologies like robotic-assisted surgeries, energy-based surgical systems, etc. Rising preference for robotic surgery, growing geriatric population, and increasing surgeries associated with injuries & cardiology are leading causes for traction in this segment, thus making innovators scout for new technologies to address the unmet needs from the perspective of various stakeholders (surgeon, hospital procurement/purchasing department, & manufacturer).
Though there are significant advances, concerns like surgical site infection, lack of resources, shortage of surgical workforce, high surgical costs, etc. still need to be addressed. The healthcare manufacturers have also undertaken key strategic initiatives like new product launches with technological advancements, collaborations, mergers, and acquisitions to strengthen their product portfolio, and services and implemented various business models to sustain their position in the market. However, in the future, it will be interesting to see how the landscape would change from the perspectives of various stakeholders associated with the value chain to address the highlighted unmet needs in the segment. Our webinar will focus on these aspects of the opportunities and future direction of MIS:
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