From reduced healthcare costs to smaller incisions, less scarring, increased accuracy, decreased risk of complications, less pain and shorter recovery, MIS presents a lot of benefits to patients compared to an open technique.
The industry started its rapid growth in the 1980s with the advent of laparoscopic surgery, and since then, it has only continued to expand. Today, MIS technology - like that of NeuroOne Medical Technologies Corp. (NASDAQ:NMTC) - is used in a wide range of procedures, including neurosurgery, gynecological, urological, and cardiovascular surgeries. With chronic disease prevalence on the rise, the market continues to grow - it is projected to grow at a compound annual growth rate (CAGR) of 10.4% over 2022-2030 to reach a total value of $70 billion by 2030.
Advancements in medical imaging of the human body have helped minimally invasive procedures grow. By being able to get a better view of the surgical area, surgeons can perform even more delicate procedures with greater accuracy. It is believed that as new technologies continue to evolve, it's only a matter of time before even more extensive surgical operations will be conducted in a minimally invasive way.
One significant factor that has also contributed to the growth of MIS is the technological advances in instrument development and robotic surgery, which allows surgeons to perform complex procedures with greater precision and control. Robotic or instrument surgery also eliminates hand tremors and ensures a steadier hand while operating, lowering the risk of complications.
The talk of technological advances in instrument development playing a pivotal role in the upward trend of MIS brings to the fore the work of NeuroOne, one of the companies committed to providing such surgical solutions.
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