Global Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments Market, By Product (Surgical Devices, Imaging and Visualization Systems, Electrosurgical Devices, Medical Robotics), Technology (Surgical Devices, Imaging Devices Technology), Application (Cardio-Thoracic Surgery, Vascular Surgery, Neurological Surgery, ENT/Respiratory Surgery, Cosmetic Surgery, Gastrointestinal Surgery, Gynecological Surgery, Urological Surgery, Orthopedic Surgery, Oncology Surgery, Dental Surgery) – Industry Trends and Forecast to 2030.
Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments Market Analysis and Size
The incidence of cardio-Thoracic surgery is approximately 395,000 heart surgeries are performed in U.S. each year, including procedures such as bypass surgery, valve repair or replacement, and heart transplant. In Europe, around 640,000 cardiac surgeries are performed annually, the number of cosmetic surgeries performed each year is estimated to be around 23 million. This includes procedures such as breast augmentation, liposuction, and facelift and the number of oncology surgeries performed each year varies widely depending on the type of cancer and stage of the disease. However, surgery is often a key component of cancer treatment, and millions of cancer surgeries are performed globally each year.
Data Bridge Market Research analyses that the minimally invasive medical robotics, imaging and visualization systems and surgical instruments market which was USD 41,820.93 million in 2022, would rocket up to USD 90,300.94 million by 2030, and is expected to undergo a CAGR of 10.1% during the forecast period. This indicates the market value. “Imaging and Visualization Systems” dominates the product segment of the minimally invasive medical robotics, imaging and visualization systems and surgical instruments market owing to the growing demand for better surgical, diagnostic and treatment methods. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, and Pricing in USD
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Segments Covered
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Product (Surgical Devices, Imaging and Visualization Systems, Electrosurgical Devices, Medical Robotics), Technology (Surgical Devices, Imaging Devices Technology), Application (Cardio-Thoracic Surgery, Vascular Surgery, Neurological Surgery, ENT/Respiratory Surgery, Cosmetic Surgery, Gastrointestinal Surgery, Gynecological Surgery, Urological Surgery, Orthopedic Surgery, Oncology Surgery, Dental Surgery)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa.
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Market Players Covered
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GENERAL ELECTRIC (U.S), Koninklijke Philips N.V. (Netherlands), CONMED Corporation (U.S), Siemens (Germany), LiDCO (U.K), Applied Medical Resources Corporation (U.S), CNSystems Medizintechnik GmbH (Austria), Uscom (Australia), Smith + Nephew (U.K), Getinge AB (Sweden), ICU Medical, Inc (U.S), Alphatec Spine Inc. (U.S), Baxter (U.S), Abbott (U.S), Edwards Lifesciences Corporation (U.S), Olympus Corporation (Japan), CooperSurgical, Inc. (U.S), Zimmer Biomet (U.S), Drägerwerk AG & Co. KGaA (Germany), FUJIFILM Corporation (Japan) and Osypka Medical GmbH (Germany)
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Market Opportunities
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Market Definition
The surgical robots have altered the field of minimally invasive surgeries and their approval by the surgeons is rising across the world, which is largely impacting the growth rate of the target market. On other hand, the cost of minimally invasive surgical procedures is much less when compared with in-patient and conventional open surgeries with equal outcomes which further propels the high adoption rate of the market for minimally invasive medical robotics, imaging and visualization systems and surgical instruments. Also the rapid advancements in new technologies, increased use and acceptance of imaging and rising demand for minimally invasive treatment are also fuelling the demand of the minimally invasive medical robotics, imaging and visualization systems and surgical instruments market over the forecast period of 2021 to 2028. Moreover, growing consumer awareness for preventive diagnostic screening is also adding thrust to the market growth. While, the lack of knowledge and learning curve expertise in robotic-assisted surgery and declining average selling prices are expected to impede the growth of the minimally invasive medical robotics, imaging and visualization systems and surgical instruments market in the above mentioned forecast period.
Global Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments Dynamics
Drivers
- Increasing Prevalence of Chronic Diseases
The prevalence of chronic diseases such as cancer, cardiovascular diseases, and diabetes is increasing globally, which is driving the demand for minimally invasive surgical procedures. These procedures offer several benefits such as reduced pain, shorter hospital stays, and faster recovery times.
- Growing Demand for Less Invasive Procedures
Patients are increasingly seeking less invasive procedures that offer faster recovery times and fewer complications. This is driving the demand for minimally invasive surgical procedures, which are often less traumatic than traditional open surgeries.
- Increasing Healthcare Expenditure
Healthcare expenditure is increasing globally, which is driving the demand for more efficient and cost-effective medical devices, including minimally invasive medical devices. These devices can help reduce healthcare costs by shortening hospital stays and reducing the need for post-operative care.
Opportunities
- Increasing Geriatric Population
The aging population globally is driving the demand for minimally invasive surgical procedures. Older adults are more likely to have chronic diseases that require surgical intervention, and minimally invasive procedures offer several benefits such as reduced pain and faster recovery times.
- Increased Awareness about Telemedicine
The growth of telemedicine is opening up new opportunities for minimally invasive medical devices. Telemedicine can enable healthcare providers to remotely monitor and treat patients, which can reduce the need for traditional hospital visits and support the adoption of minimally invasive medical devices.
- Role of Artificial Intelligence:
The integration of artificial intelligence (AI) into medical devices is opening up new opportunities for more sophisticated and precise minimally invasive procedures. AI can help healthcare providers make more informed decisions and improve patient outcomes.
Restraints/Challenges
The high cost of surgical treatments and lack of skilled professionals are the factors that will hinder the market growth and will further challenge the surgery treatment. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, competition from traditional surgical procedures and treatment accessories, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.
This minimally invasive medical robotics, imaging and visualization systems and surgical instruments market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In October 2020, Intuitive Surgical launched its new da Vinci X robotic surgical system, which is designed to make minimally invasive surgery more accessible and affordable for hospitals and healthcare providers.
- In September 2020, Medtronic launched its new Hugo RAS system, which is a robotic-assisted surgery platform designed to enable more precise and efficient surgery.
- In February 2020, Zimmer Biomet launched its new Rosa One robotic system, which is designed to assist in total knee replacement surgeries using a minimally invasive approach.
- In December 2019, Stryker acquired OrthoSensor, a company that develops sensor technology for use in orthopedic surgeries. The acquisition is expected to strengthen Stryker's position in the minimally invasive surgical market.
Global Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments Market Scope
The minimally invasive medical robotics, imaging and visualization systems and surgical instruments market is segmented on the basis of product, technology and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Surgical Devices
- Imaging and Visualization Systems
- Electrosurgical Devices
- Medical Robotics
Technology
- Surgical Devices
- Imaging Devices Technology
Application
- Cardio-Thoracic Surgery
- Vascular Surgery
- Neurological Surgery
- ENT/Respiratory Surgery
- Cosmetic Surgery
- Gastrointestinal Surgery
- Gynecological Surgery
- Urological Surgery
- Orthopedic Surgery
- Oncology Surgery
- Dental Surgery
Global Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments Market Regional Analysis/Insights
The minimally invasive medical robotics, imaging and visualization systems and surgical instruments market is analysed and market size insights and trends are provided by country, product, technology and application as referenced above.
The countries covered in the minimally invasive medical robotics, imaging and visualization systems and surgical instruments market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the minimally invasive medical robotics, imaging and visualization systems and surgical instruments market because of the strong base of healthcare facilities, the strong presence of major players in the market, the extraordinary healthcare infrastructure, and the large pool of people having cardio-thoracic diseases, skin disorders, oncological diseases and dental disorders.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and growing demand for advanced medical technology for different surgical and treatment methods, the large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The minimally invasive medical robotics, imaging and visualization systems and surgical instruments market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the minimally invasive medical robotics, imaging and visualization systems and surgical instruments market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the minimally invasive medical robotics, imaging and visualization systems and surgical instruments market . The data is available for historic period 2011-2021.
Competitive Landscape and Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments Market Share Analysis
The minimally invasive medical robotics, imaging and visualization systems and surgical instruments market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the minimally invasive medical robotics, imaging and visualization systems and surgical instruments market.
Some of the major players operating in the minimally invasive medical robotics, imaging and visualization systems and surgical instruments market are:
- GENERAL ELECTRIC (U.S)
- Koninklijke Philips N.V. (Netherlands)
- CONMED Corporation (U.S)
- Siemens (Germany)
- LiDCO (U.K)
- Applied Medical Resources Corporation (U.S)
- CNSystems Medizintechnik GmbH (Austria)
- Uscom (Australia)
- Smith + Nephew (U.K)
- Getinge AB (Sweden)
- ICU Medical, Inc (U.S)
- Alphatec Spine Inc. (U.S)
- Baxter (U.S)
- Abbott (U.S)
- Edwards Lifesciences Corporation (U.S)
- Olympus Corporation (Japan)
- CooperSurgical, Inc. (U.S)
- Zimmer Biomet (U.S)
- Drägerwerk AG & Co. KGaA (Germany)
- FUJIFILM Corporation (Japan)
- Osypka Medical GmbH (Germany)
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