Minimally Invasive Surgery Market Forecasts to 2028 – Global Analysis By Product (Ablation Devices, Computed Tomography Scanners, and others), Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Minimally Invasive Surgery Market is accounted for $44.66 billion in 2020 and is expected to reach $99.98 billion by 2028 growing at a CAGR of 10.6% during the forecast period. Growing use of technologically advanced products, rising geriatric population across the globe and increased expenditure by the governments to improve healthcare infrastructure are the major factors propelling the market growth. However, shortage of experienced professionals and uncertain regulatory framework are hampering the market growth.
A minimally invasive surgery utilizes surgical techniques that limit the size and number of cuts or incisions during an operation with the help of small tools, cameras and lights. This procedure is much safer in nature as compared to traditional open surgery as it results in fewer complications, quicker recovery, minimal blood loss, good results and shorter hospital stays. Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to quicker recovery. In addition, the body scars involved in MIS are barely noticeable.
Based on application, the gastrointestinal surgery segment is going to have a lucrative growth during the forecast period owing to the rising incidence of gastrointestinal diseases in the young, adult, and geriatric groups, worldwide. Dyspepsia, irritable-bowel syndrome, and constipation are some of the examples of gastrointestinal disorders. Gastroesophageal reflux disease is also a prevalent form of the organic gastrointestinal disorder. Minimally-invasive surgery has gained popularity for benign diseases, and has proved its safety and efficacy over traditional methods, owing to which, it has gained substantial attention in the past several years. With the increase in the government’s continuous effort to improve the health of people, the number of gastrointestinal surgeries is bound to rise, which, in turn, may improve the scope for minimally-invasive devices meant for gastrointestinal surgery.
By geography, North America is going to have a lucrative growth during the forecast period due to the surge in the number of surgeries along with early diagnosis of the ailments. Apart from this, increase in the ambulatory centers along with escalating popularity of minimally invasive surgeries in the countries like the U.S. and Canada will drive the business growth over the forecasting years. In addition to this, rise in the aging population prone to health disorders has enhanced the adoption of the minimally invasive surgical procedures in the sub-continent in the recent years.
Some of the key players profiled in the Minimally Invasive Surgery Market include Arthrex, B. Braun, Bauer Medical, Check-Cap, Cook Medical, Eximis Surgical, GE Healthcare, Intuitive, Medtronic Inc., OmniGuide Inc., Orthofix Holdings Inc., Pentax, Philips Healthcare, RF System, Smith & Nephew, Stryker Corporation, TransEnterix, Virtual Ports, and Zimmer Biomet Inc.
Estimated Market Size in 2020:
USD 44.66 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 99.98 billion
Tables, Graphs& Figures
Product, Technology, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Ablation Devices
• Computed Tomography Scanners
• Electrocautery Devices
• Electrosurgical Equipment
• Electrosurgical Generators
• Endoscopic Mucosal Resection
• Endoscopic Sub-mucosal Dissection
• Endosurgical Equipment
• Laparoscopy Devices
• Magnetic Resonance Imaging Equipment
• Medical Robotic Systems
• Monitoring and Visualization Systems
• Surgical Devices
• Ultrasound Equipment
• X-Ray Devices
• Laparoscopy Surgery
• Transcatheter Surgery
• Medical Robotics
• Non-Visual Imaging
• Adrenalectomy Surgery
• Anti-Reflux Surgery
• Bariatric Surgery
• Breast Surgery
• Cancer Surgery
• Cardiac Surgery
• Cardiothoracic Surgery
• Cholecystectomy Surgery
• Colectomy Surgery
• Colon & Rectal Surgery
• Cosmetic Surgery
• Ear, Nose & Throat Surgery
• Gastrointestinal Surgery
• Gynaecological Surgery
• Joint Replacement Surgery
• Obesity Surgery
• Orthopedics and Spine Surgery
• Thoracic Surgery
• Urological Surgery
• Vascular Surgery
End Users Covered:
• Ambulatory Surgical Centers
• Group Practices
• Hospital Surgical Departments
• Individual Surgeons
• Outpatient Surgery Centers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Minimally Invasive Surgery Market is majorly driven by growing public-private initiatives to support research activities and benefits of minimally invasive surgeries over traditional open surgeries.
The gastrointestinal surgery segment is growing at a highest CAGR owing to the growing incidence of gastrointestinal diseases in the young, adult, and geriatric groups, worldwide.
North America dominated with a significant market share due to the factors such as increase in the ambulatory centers and surge in the number of surgeries along with early diagnosis of the ailments across the region.
Asia Pacific market is growing at a highest CAGR owing to the presence of a large patient pool undergoing surgical treatments in the region.
Key players in Minimally Invasive Surgery Market include Arthrex, B. Braun, Bauer Medical, Check-Cap, Cook Medical, Eximis Surgical, GE Healthcare, Intuitive, Medtronic Inc., OmniGuide Inc., Orthofix Holdings Inc., Pentax, Philips Healthcare, RF System, Smith & Nephew, Stryker Corporation, TransEnterix, Virtual Ports, and Zimmer Biomet Inc.
Select License Type
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.