Minimally Invasive Surgery Market
Minimally Invasive Surgery Market Forecasts to 2030 - Global Analysis By Product Type (Laparoscopic Instruments, Guiding Devices, Inflation Systems and Other Product Types), Application (Cardio-Thoracic Surgery, Vascular Surgery, Neurological Surgery and Other Applications), End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $81.9 BN |
|
Projected Year Value (2030) |
US $170.5 BN |
|
CAGR (2024-2030) |
13% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Minimally Invasive Surgery Market is accounted for $81.9 billion in 2024 and is expected to reach $170.5 billion by 2030 growing at a CAGR of 13.0% during the forecast period. Minimally Invasive Surgery involves performing surgical procedures through small incisions, utilizing advanced technologies like laparoscopes and robotic systems, to reduce trauma to the body. This approach leads to shorter recovery times, less pain, reduced scarring, and a lower risk of complications compared to traditional open surgery. The growth is driven by technological advancements, increasing patient preference for less invasive procedures, and the expanding applications of MIS techniques across various medical fields, resulting in their widespread adoption and development.
According to the European Society of Cardiology (ESC), minimally invasive cardiac surgeries, such as transcatheter aortic valve replacement (TAVR), have become increasingly popular due to their lower risk and shorter recovery times compared to traditional open-heart surgeries.
Market Dynamics:
Driver:
Increasing prevalence of chronic diseases
The rising incidence of chronic diseases such as cardiovascular disorders, cancer, and diabetes is driving the demand for minimally invasive surgeries. These procedures offer reduced recovery times, lower risk of infection, and less postoperative pain, making them a preferred choice for both patients and healthcare providers. As the global population ages and the prevalence of chronic conditions increases, the demand for minimally invasive surgical techniques is expected to grow significantly.
Restraint:
High cost of equipment and procedures
Advanced technologies such as robotic-assisted surgery systems and high-definition imaging devices are expensive, making them less accessible to smaller healthcare facilities and patients in low-income regions. These costs can limit the adoption of minimally invasive techniques, particularly in developing countries where healthcare budgets are constrained.
Opportunity:
Increasing investment in healthcare
Growing investments in healthcare infrastructure and technological advancements present significant opportunities for the minimally invasive surgery market. Governments and private entities are increasingly funding healthcare projects, including the development of advanced surgical tools and training programs for medical professionals. These investments are expected to enhance the accessibility and efficiency of minimally invasive procedures, driving market growth.
Threat:
Risk of complications
Despite the benefits, minimally invasive surgeries carry risks such as complications from anesthesia, infections, and accidental damage to surrounding tissues. These potential complications can deter patients and healthcare providers from opting for minimally invasive techniques. Additionally, the need for specialized training and expertise to perform these procedures can limit their widespread adoption, posing a threat to market growth.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the minimally invasive surgery market. Elective surgeries were postponed or canceled to prioritize Covid-19 patients, leading to a temporary decline in demand. However, the pandemic also highlighted the importance of minimally invasive techniques in reducing hospital stays and minimizing patient exposure to infections, which is expected to drive long-term growth in the market.
The laparoscopic instruments segment is expected to be the largest during the forecast period
The laparoscopic instruments segment is expected to register largest market share during the forecast period due to their widespread use in various surgical procedures, including gastrointestinal, gynecological, and urological surgeries. These instruments offer precision, reduced recovery times, and minimal scarring, making them highly popular among surgeons and patients. The continuous advancements in laparoscopic technology and the increasing number of laparoscopic procedures are driving the growth of this segment.
The ambulatory surgical centers segment is expected to have the highest CAGR during the forecast period
The ambulatory surgical centers (ASCs) segment is expected to have the highest CAGR during the forecast period. ASCs offer cost-effective and convenient alternatives to traditional hospital-based surgeries, with shorter procedure times and faster patient recovery. The growing preference for outpatient surgeries, coupled with advancements in minimally invasive techniques, is driving the rapid growth of ASCs. Additionally, the increasing number of ASCs and favorable reimbursement policies are contributing to the segment's expansion.
Region with largest share:
North America is positioned to dominate the minimally invasive surgery market due to its advanced healthcare infrastructure, high adoption of innovative surgical technologies, and the presence of key market players. The region's well-established healthcare system and significant investments in research and development contribute to its leading market share. Additionally, the high prevalence of chronic diseases and the increasing demand for minimally invasive procedures further drive market growth in North America.
Region with highest CAGR:
The Asia Pacific region anticipates rapid growth in the minimally invasive surgery market, driven by the increasing healthcare expenditure, rising awareness about minimally invasive techniques, and improving healthcare infrastructure. Countries like China, India, and Japan are witnessing significant investments in healthcare and technological advancements, which are expected to boost the adoption of minimally invasive surgeries. The growing medical tourism industry and the increasing prevalence of chronic diseases also contribute to the region's high CAGR.
Key players in the market
Some of the key players in Minimally Invasive Surgery Market include Medtronic plc, Johnson & Johnson (Ethicon), Stryker Corporation, Boston Scientific Corporation, Olympus Corporation, Smith & Nephew plc, Zimmer Biomet Holdings, Inc., Intuitive Surgical, Inc., Abbott Laboratories, B. Braun Melsungen AG, ConMed Corporation, Karl Storz SE & Co. KG, Cook Medical, Applied Medical Resources Corporation, Richard Wolf GmbH, FUJIFILM Holdings Corporation, HOYA Corporation, Teleflex Incorporated, Arthrex, Inc. and NuVasive, Inc.
Key Developments:
In March 2023, Medtronic received FDA clearance for its Steerable Flex Robotic Clip Applier used with the Hugo system for minimally invasive gynecologic procedures.
In January 2023, Ethicon launched the ECHELON+ Stapler for minimally invasive colorectal, gastric, and thoracic surgeries.
In January 2023, Boston Scientific received FDA approval for its EXALT Model D Single-Use Duodenoscope for minimally invasive endoscopic procedures.
Product Types Covered:
• Laparoscopic Instruments
• Guiding Devices
• Inflation Systems
• Imaging & Visualization Systems
• Electrosurgical Devices
• Endoscopy Devices
• Medical Robotics
Applications Covered:
• Cardio-Thoracic Surgery
• Vascular Surgery
• Neurological Surgery
• ENT & Respiratory Surgery
• Cosmetic Surgery
• Gastrointestinal & Abdominal Surgery
• Gynecological Surgery
• Urological Surgery
• Orthopedic Surgery
• Oncology Surgery
• Dental Surgery
• Other Applications
End Users Covered:
• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Research Institutes
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2022, 2023, 2024, 2026, and 2030
- 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
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Minimally Invasive Surgery Market, By Product Type
5.1 Introduction
5.2 Laparoscopic Instruments
5.2.1 Tubular Retractors
5.2.2 Dilators
5.2.3 Suturing Instruments
5.2.3.1 Probes
5.2.3.2 Laser Fiber Devices
5.3 Guiding Devices
5.3.1 Guiding Catheters
5.3.2 Guidewires
5.4 Inflation Systems
5.4.1 Balloon Catheters
5.4.2 Balloon Inflation Systems
5.5 Imaging & Visualization Systems
5.5.1 Laparoscopes
5.5.2 Trocars and Cannulas
5.5.3 Visualization Systems
5.6 Electrosurgical Devices
5.6.1 Electrosurgical Generators & Accessories
5.6.2 Electrocautery Devices
5.7 Endoscopy Devices
5.7.1 Rigid Endoscopes
5.7.2 Flexible Endoscopes
5.7.3 Diagnostic Endoscopes
5.8 Medical Robotics
5.8.1 Robotic Surgical Systems
5.8.2 Robotic Instruments
5.8.3 Robotic Software & Services
6 Global Minimally Invasive Surgery Market, By Application
6.1 Introduction
6.2 Cardio-Thoracic Surgery
6.3 Vascular Surgery
6.4 Neurological Surgery
6.5 ENT & Respiratory Surgery
6.6 Cosmetic Surgery
6.7 Gastrointestinal & Abdominal Surgery
6.7.1 Laparoscopic Cholecystectomy
6.7.2 Laparoscopic Appendectomy
6.7.3 Other Gastrointestinal & Abdominal Surgeries
6.8 Gynecological Surgery
6.9 Urological Surgery
6.10 Orthopedic Surgery
6.10.1 Arthroscopy
6.10.2 Joint Replacement
6.10.3 Other Orthopedic Surgeries
6.11 Oncology Surgery
6.12 Dental Surgery
6.13 Other Applications
7 Global Minimally Invasive Surgery Market, By End User
7.1 Introduction
7.2 Hospitals
7.3 Ambulatory Surgical Centers
7.4 Specialty Clinics
7.5 Research Institutes
7.6 Other End Users
8 Global Minimally Invasive Surgery Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Medtronic plc
10.2 Johnson & Johnson (Ethicon)
10.3 Stryker Corporation
10.4 Boston Scientific Corporation
10.5 Olympus Corporation
10.6 Smith & Nephew plc
10.7 Zimmer Biomet Holdings, Inc.
10.8 Intuitive Surgical, Inc.
10.9 Abbott Laboratories
10.10 B. Braun Melsungen AG
10.11 ConMed Corporation
10.12 Karl Storz SE & Co. KG
10.13 Cook Medical
10.14 Applied Medical Resources Corporation
10.15 Richard Wolf GmbH
10.16 FUJIFILM Holdings Corporation
10.17 HOYA Corporation
10.18 Teleflex Incorporated
10.19 Arthrex, Inc.
10.20 NuVasive, Inc.
List of Tables
1 Global Minimally Invasive Surgery Market Outlook, By Region (2022-2030) ($MN)
2 Global Minimally Invasive Surgery Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Minimally Invasive Surgery Market Outlook, By Laparoscopic Instruments (2022-2030) ($MN)
4 Global Minimally Invasive Surgery Market Outlook, By Tubular Retractors (2022-2030) ($MN)
5 Global Minimally Invasive Surgery Market Outlook, By Dilators (2022-2030) ($MN)
6 Global Minimally Invasive Surgery Market Outlook, By Suturing Instruments (2022-2030) ($MN)
7 Global Minimally Invasive Surgery Market Outlook, By Guiding Devices (2022-2030) ($MN)
8 Global Minimally Invasive Surgery Market Outlook, By Guiding Catheters (2022-2030) ($MN)
9 Global Minimally Invasive Surgery Market Outlook, By Guidewires (2022-2030) ($MN)
10 Global Minimally Invasive Surgery Market Outlook, By Inflation Systems (2022-2030) ($MN)
11 Global Minimally Invasive Surgery Market Outlook, By Balloon Catheters (2022-2030) ($MN)
12 Global Minimally Invasive Surgery Market Outlook, By Balloon Inflation Systems (2022-2030) ($MN)
13 Global Minimally Invasive Surgery Market Outlook, By Imaging & Visualization Systems (2022-2030) ($MN)
14 Global Minimally Invasive Surgery Market Outlook, By Laparoscopes (2022-2030) ($MN)
15 Global Minimally Invasive Surgery Market Outlook, By Trocars and Cannulas (2022-2030) ($MN)
16 Global Minimally Invasive Surgery Market Outlook, By Visualization Systems (2022-2030) ($MN)
17 Global Minimally Invasive Surgery Market Outlook, By Electrosurgical Devices (2022-2030) ($MN)
18 Global Minimally Invasive Surgery Market Outlook, By Electrosurgical Generators & Accessories (2022-2030) ($MN)
19 Global Minimally Invasive Surgery Market Outlook, By Electrocautery Devices (2022-2030) ($MN)
20 Global Minimally Invasive Surgery Market Outlook, By Endoscopy Devices (2022-2030) ($MN)
21 Global Minimally Invasive Surgery Market Outlook, By Rigid Endoscopes (2022-2030) ($MN)
22 Global Minimally Invasive Surgery Market Outlook, By Flexible Endoscopes (2022-2030) ($MN)
23 Global Minimally Invasive Surgery Market Outlook, By Diagnostic Endoscopes (2022-2030) ($MN)
24 Global Minimally Invasive Surgery Market Outlook, By Medical Robotics (2022-2030) ($MN)
25 Global Minimally Invasive Surgery Market Outlook, By Robotic Surgical Systems (2022-2030) ($MN)
26 Global Minimally Invasive Surgery Market Outlook, By Robotic Instruments (2022-2030) ($MN)
27 Global Minimally Invasive Surgery Market Outlook, By Robotic Software & Services (2022-2030) ($MN)
28 Global Minimally Invasive Surgery Market Outlook, By Application (2022-2030) ($MN)
29 Global Minimally Invasive Surgery Market Outlook, By Cardio-Thoracic Surgery (2022-2030) ($MN)
30 Global Minimally Invasive Surgery Market Outlook, By Vascular Surgery (2022-2030) ($MN)
31 Global Minimally Invasive Surgery Market Outlook, By Neurological Surgery (2022-2030) ($MN)
32 Global Minimally Invasive Surgery Market Outlook, By ENT & Respiratory Surgery (2022-2030) ($MN)
33 Global Minimally Invasive Surgery Market Outlook, By Cosmetic Surgery (2022-2030) ($MN)
34 Global Minimally Invasive Surgery Market Outlook, By Gastrointestinal & Abdominal Surgery (2022-2030) ($MN)
35 Global Minimally Invasive Surgery Market Outlook, By Laparoscopic Cholecystectomy (2022-2030) ($MN)
36 Global Minimally Invasive Surgery Market Outlook, By Laparoscopic Appendectomy (2022-2030) ($MN)
37 Global Minimally Invasive Surgery Market Outlook, By Other Gastrointestinal & Abdominal Surgeries (2022-2030) ($MN)
38 Global Minimally Invasive Surgery Market Outlook, By Gynecological Surgery (2022-2030) ($MN)
39 Global Minimally Invasive Surgery Market Outlook, By Urological Surgery (2022-2030) ($MN)
40 Global Minimally Invasive Surgery Market Outlook, By Orthopedic Surgery (2022-2030) ($MN)
41 Global Minimally Invasive Surgery Market Outlook, By Arthroscopy (2022-2030) ($MN)
42 Global Minimally Invasive Surgery Market Outlook, By Joint Replacement (2022-2030) ($MN)
43 Global Minimally Invasive Surgery Market Outlook, By Other Orthopedic Surgeries (2022-2030) ($MN)
44 Global Minimally Invasive Surgery Market Outlook, By Oncology Surgery (2022-2030) ($MN)
45 Global Minimally Invasive Surgery Market Outlook, By Dental Surgery (2022-2030) ($MN)
46 Global Minimally Invasive Surgery Market Outlook, By Other Applications (2022-2030) ($MN)
47 Global Minimally Invasive Surgery Market Outlook, By End User (2022-2030) ($MN)
48 Global Minimally Invasive Surgery Market Outlook, By Hospitals (2022-2030) ($MN)
49 Global Minimally Invasive Surgery Market Outlook, By Ambulatory Surgical Centers (2022-2030) ($MN)
50 Global Minimally Invasive Surgery Market Outlook, By Specialty Clinics (2022-2030) ($MN)
51 Global Minimally Invasive Surgery Market Outlook, By Research Institutes (2022-2030) ($MN)
52 Global Minimally Invasive Surgery Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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