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, Apollo hospitals enterprise Ltd., Smith & Nephew, Stryker Corporation, TransEnterix, Virtual Ports, and Zimmer Biomet Inc., Boston Scientific Corporation, Medline Industries, INC., Abbott laboratories, Fujifilm Holdings Corporation , Healthcare Global Enterprises Ltd., Johnson & Johnson Services, Inc., Siemens Healthineers.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 44.66 billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
10.6% |
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Predicted 2028 Value: |
USD 99.98 billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
304 |
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Chapters Covered: |
Product, Technology, Application, End User and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Products Covered:
• 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
Technologies Covered:
• Laparoscopy Surgery
• Transcatheter Surgery
• Medical Robotics
• Non-Visual Imaging
Applications Covered:
• 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
• Clinics
• Group Practices
• Hospital Surgical Departments
• Individual Surgeons
• Outpatient Surgery Centers
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 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.
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 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 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
5.1 Introduction
5.2 Ablation Devices
5.3 Computed Tomography Scanners
5.4 Electrocautery Devices
5.5 Electrosurgical Equipment
5.6 Electrosurgical Generators
5.7 Endoscopic Mucosal Resection
5.8 Endoscopic Sub-mucosal Dissection
5.9 Endosurgical Equipment
5.10 Laparoscopy Devices
5.11 Magnetic Resonance Imaging Equipment
5.12 Medical Robotic Systems
5.13 Monitoring and Visualization Systems
5.14 Surgical Devices
5.15 Ultrasound Equipment
5.16 X-Ray Devices
6 Global Minimally Invasive Surgery Market, By Technology
6.1 Introduction
6.2 Laparoscopy Surgery
6.3 Transcatheter Surgery
6.4 Medical Robotics
6.5 Non-Visual Imaging
7 Global Minimally Invasive Surgery Market, By Application
7.1 Introduction
7.2 Adrenalectomy Surgery
7.3 Anti-Reflux Surgery
7.4 Bariatric Surgery
7.5 Breast Surgery
7.6 Cancer Surgery
7.7 Cardiac Surgery
7.8 Cardiothoracic Surgery
7.9 Cholecystectomy Surgery
7.10 Colectomy Surgery
7.11 Colon & Rectal Surgery
7.12 Cosmetic Surgery
7.13 Ear, Nose & Throat Surgery
7.14 Gastrointestinal Surgery
7.15 Gynaecological Surgery
7.16 Joint Replacement Surgery
7.17 Obesity Surgery
7.18 Orthopedics and Spine Surgery
7.19 Thoracic Surgery
7.20 Urological Surgery
7.21 Vascular Surgery
8 Global Minimally Invasive Surgery Market, By End User
8.1 Introduction
8.2 Ambulatory Surgical Centers
8.3 Clinics
8.4 Group Practices
8.5 Hospital Surgical Departments
8.6 Individual Surgeons
8.7 Outpatient Surgery Centers
9 Global Minimally Invasive Surgery Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Arthrex
11.2 B. Braun
11.3 Bauer Medical
11.4 Check-Cap
11.5 Cook Medical
11.6 Eximis Surgical
11.7 GE Healthcare
11.8 Intuitive
11.9 Medtronic Inc.
11.10 OmniGuide Inc.
11.11 Orthofix Holdings Inc.
11.12 Pentax
11.13 Philips Healthcare
11.14 Apollo hospitals enterprise Ltd.
11.15 Smith & Nephew
11.16 Stryker Corporation
11.17 TransEnterix
11.18 Virtual Ports
11.19 Zimmer Biomet Inc.
11.20 Boston Scientific Corporation
11.21 Medline Industries, INC.
11.22 Abbott laboratories
11.23 Fujifilm Holdings Corporation
11.24 Healthcare Global Enterprises Ltd.
11.25 Johnson & Johnson Services, Inc.
11.26 Siemens Healthineers
List of Tables
1 Global Minimally Invasive Surgery Market Outlook, By Region (2019-2028) ($MN)
2 Global Minimally Invasive Surgery Market Outlook, By Product (2019-2028) ($MN)
3 Global Minimally Invasive Surgery Market Outlook, By Ablation Devices (2019-2028) ($MN)
4 Global Minimally Invasive Surgery Market Outlook, By Computed Tomography Scanners (2019-2028) ($MN)
5 Global Minimally Invasive Surgery Market Outlook, By Electrocautery Devices (2019-2028) ($MN)
6 Global Minimally Invasive Surgery Market Outlook, By Electrosurgical Equipment (2019-2028) ($MN)
7 Global Minimally Invasive Surgery Market Outlook, By Electrosurgical Generators (2019-2028) ($MN)
8 Global Minimally Invasive Surgery Market Outlook, By Endoscopic Mucosal Resection (2019-2028) ($MN)
9 Global Minimally Invasive Surgery Market Outlook, By Endoscopic Sub-mucosal Dissection (2019-2028) ($MN)
10 Global Minimally Invasive Surgery Market Outlook, By Endosurgical Equipment (2019-2028) ($MN)
11 Global Minimally Invasive Surgery Market Outlook, By Laparoscopy Devices (2019-2028) ($MN)
12 Global Minimally Invasive Surgery Market Outlook, By Magnetic Resonance Imaging Equipment (2019-2028) ($MN)
13 Global Minimally Invasive Surgery Market Outlook, By Medical Robotic Systems (2019-2028) ($MN)
14 Global Minimally Invasive Surgery Market Outlook, By Monitoring and Visualization Systems (2019-2028) ($MN)
15 Global Minimally Invasive Surgery Market Outlook, By Surgical Devices (2019-2028) ($MN)
16 Global Minimally Invasive Surgery Market Outlook, By Ultrasound Equipment (2019-2028) ($MN)
17 Global Minimally Invasive Surgery Market Outlook, By X-Ray Devices (2019-2028) ($MN)
18 Global Minimally Invasive Surgery Market Outlook, By Technology (2019-2028) ($MN)
19 Global Minimally Invasive Surgery Market Outlook, By Laparoscopy Surgery (2019-2028) ($MN)
20 Global Minimally Invasive Surgery Market Outlook, By Transcatheter Surgery (2019-2028) ($MN)
21 Global Minimally Invasive Surgery Market Outlook, By Medical Robotics (2019-2028) ($MN)
22 Global Minimally Invasive Surgery Market Outlook, By Non-Visual Imaging (2019-2028) ($MN)
23 Global Minimally Invasive Surgery Market Outlook, By Application (2019-2028) ($MN)
24 Global Minimally Invasive Surgery Market Outlook, By Adrenalectomy Surgery (2019-2028) ($MN)
25 Global Minimally Invasive Surgery Market Outlook, By Anti-Reflux Surgery (2019-2028) ($MN)
26 Global Minimally Invasive Surgery Market Outlook, By Bariatric Surgery (2019-2028) ($MN)
27 Global Minimally Invasive Surgery Market Outlook, By Breast Surgery (2019-2028) ($MN)
28 Global Minimally Invasive Surgery Market Outlook, By Cancer Surgery (2019-2028) ($MN)
29 Global Minimally Invasive Surgery Market Outlook, By Cardiac Surgery (2019-2028) ($MN)
30 Global Minimally Invasive Surgery Market Outlook, By Cardiothoracic Surgery (2019-2028) ($MN)
31 Global Minimally Invasive Surgery Market Outlook, By Cholecystectomy Surgery (2019-2028) ($MN)
32 Global Minimally Invasive Surgery Market Outlook, By Colectomy Surgery (2019-2028) ($MN)
33 Global Minimally Invasive Surgery Market Outlook, By Colon & Rectal Surgery (2019-2028) ($MN)
34 Global Minimally Invasive Surgery Market Outlook, By Cosmetic Surgery (2019-2028) ($MN)
35 Global Minimally Invasive Surgery Market Outlook, By Ear, Nose & Throat Surgery (2019-2028) ($MN)
36 Global Minimally Invasive Surgery Market Outlook, By Gastrointestinal Surgery (2019-2028) ($MN)
37 Global Minimally Invasive Surgery Market Outlook, By Gynaecological Surgery (2019-2028) ($MN)
38 Global Minimally Invasive Surgery Market Outlook, By Joint Replacement Surgery (2019-2028) ($MN)
39 Global Minimally Invasive Surgery Market Outlook, By Obesity Surgery (2019-2028) ($MN)
40 Global Minimally Invasive Surgery Market Outlook, By Orthopedics and Spine Surgery (2019-2028) ($MN)
41 Global Minimally Invasive Surgery Market Outlook, By Thoracic Surgery (2019-2028) ($MN)
42 Global Minimally Invasive Surgery Market Outlook, By Urological Surgery (2019-2028) ($MN)
43 Global Minimally Invasive Surgery Market Outlook, By Vascular Surgery (2019-2028) ($MN)
44 Global Minimally Invasive Surgery Market Outlook, By End User (2019-2028) ($MN)
45 Global Minimally Invasive Surgery Market Outlook, By Ambulatory Surgical Centers (2019-2028) ($MN)
46 Global Minimally Invasive Surgery Market Outlook, By Clinics (2019-2028) ($MN)
47 Global Minimally Invasive Surgery Market Outlook, By Group Practices (2019-2028) ($MN)
48 Global Minimally Invasive Surgery Market Outlook, By Hospital Surgical Departments (2019-2028) ($MN)
49 Global Minimally Invasive Surgery Market Outlook, By Individual Surgeons (2019-2028) ($MN)
50 Global Minimally Invasive Surgery Market Outlook, By Outpatient Surgery Centers (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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