Overview and Scope
Minimally invasive surgery devices are surgical tools that require fewer incisions of a smaller size or have a quicker healing process. A minimally invasive medical device is implanted inside the patient during surgery.
Sizing and Forecast
The minimal invasive surgery devices market size has grown rapidly in recent years. It will grow from $36.6 billion in 2023 to $40.42 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to rising prevalence of chronic diseases, growing geriatric population, rising prevalence of obesity, growing demand for natural orifice transluminal endoscopic surgery.
The minimal invasive surgery devices market size is expected to see rapidly grown in the next few years. It will grow to $59.17 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to global expansion of healthcare, growing trend of patient-centric care, patient demand for less invasive procedures, surgeon training and experience. Major trends in the forecast period include robotics and ai integration, remote surgery and telesurgery, single-incision surgery, natural orifice surgery, 3d printing and custom devices, .
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Segmentation & Regional Insights
The minimal invasive surgery devices market covered in this report is segmented –
1) By Product Type: Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring & Visualization Devices
2) By Application: Laparoscopy, Cardiovascular, Cosmetic Surgery, Orthopedic Surgery, Obstetrics And Gynecology, Ophthalmology, Neurosurgery, Urology, Other Applications
3) By End Users: Hospitals, Ambulatory Surgical Centers (ASCS), Research Institutes
North America was the largest region in the minimally invasive surgery devices market in 2023. Western Europe was the second-largest region in the global minimally invasive surgery devices market analysis. The regions covered in the minimal invasive surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The increasing awareness for minimally invasive surgeries among people is driving the minimally invasive surgery devices market. The minimally invasive surgeries require less/tiny cuts in the skin as compared to traditional surgical methods and aid in lesser pain, short hospital stay, less scarring, minimized chances of bleeding and infections, and low tissue damage. According to the German Heart Surgery Report, the heart operations using ECC (extracorporeal circulation) declined due to achievement of established innovations in minimally invasive therapeutic options in heart surgeries. Furthermore, 51.1% of heart valve operations performed out of the total cardiac surgical procedures in Germany were through the single-valve procedure, out of which 38.5% of them were through minimal invasive heart surgeries. Thus, the growing demand for minimally invasive surgery (MIS) will increase the demand for the minimally invasive surgical devices market.
Key Industry Players
Major companies operating in the minimal invasive surgery devices market include Abbott Laboratories, GE Healthcare, Medtronic PLC, Siemens Healthineers, Smith & Nephew Plc., Stryker Corporation, Boston Scientific Corporation, EthiconInc., B. Braun Melsungen Ag, Conmed Corporation, Microline SurgicalInc., Zimmer Biomet HoldingsInc., Aesculap Inc., Koninklijke Philips NV, Intuitive Surgical Inc., F. Hoffmann-La Roche AG, Cardinal Health inc., Baxter International Inc., Philips, Danaher Corporation, KARL STORZ SE & Co. KG, Richard Wolf GmbH, Cook Medical, Intuitive Surgical, Inc., Smiths Medical, Teleflex Incorporated, Terumo Corporation, Merit Medical Systems, AngioDynamics, MicroPort Scientific Corporation, Lumenis
The minimal invasive surgery devices market report table of contents includes:
1. Executive Summary
2. Minimal Invasive Surgery Devices Market Characteristics
3. Minimal Invasive Surgery Devices Market Trends And Strategies
4. Minimal Invasive Surgery Devices Market – Macro Economic Scenario
5. Global Minimal Invasive Surgery Devices Market Size and Growth
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31. Global Minimal Invasive Surgery Devices Market Competitive Benchmarking
32. Global Minimal Invasive Surgery Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Minimal Invasive Surgery Devices Market
34. Minimal Invasive Surgery Devices Market Future Outlook and Potential Analysis
35. Appendix
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