Global Minimally Invasive Surgery Market, By Product Type (Surgical Devices, Monitoring and Visualization Systems, Laparoscopy Devices, Endosurgical Equipment and Electrosurgical Equipment), Application (Gastrointestinal Surgery, Gynecology Surgery, Urology Surgery, Cosmetic Surgery, Thoracic Surgery, Vascular Surgery, Orthopedic and Spine Surgery, Bariatric Surgery, Breast Surgery, Cardiac Surgery, Adrenalectomy Surgery, Anti-Reflux Surgery, Cancer Surgery, Cholecystectomy Surgery, Colectomy Surgery, Colon and Rectal Surgery, Ear, Nose and Throat Surgery and Obesity Surgery), Technology (Transcatheter Surgery, Laparoscopy Surgery, Non-Visual Imaging and Medical Robotics), End Users (Hospital Surgical Department, Outpatient Surgery Patients, Group Practices and Individual Surgeons) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Wide range of techniques are used for operating with minimally damage to the body among surgeons. Minimally invasive surgery can be performed with both diagnostic and treatment surgeries. The increase in the number of surgical procedures is escalating the growth of minimally invasive surgery market.
Global Minimally Invasive Surgery Market was valued at USD 38,069.40 million in 2021 and is expected to reach USD 73,116.25 million by 2029, registering a CAGR of 8.50% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Minimally invasive surgery refers to a surgical procedure that is conducted with a small incision in the place of large opening. Minimally invasive surgery is known to be a technique with fewer complications, shorter hospital stay and less pain. Minimally invasive surgical procedures are used in various surgeries, such as cardiothoracic surgery, gastroenterology, heart surgery, and gastroesophageal reflux disease, among others.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Forecast Period
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2022 - 2029
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Surgical Devices, Monitoring and Visualization Systems, Laparoscopy Devices, Endosurgical Equipment and Electrosurgical Equipment), Application (Gastrointestinal Surgery, Gynecology Surgery, Urology Surgery, Cosmetic Surgery, Thoracic Surgery, Vascular Surgery, Orthopedic and Spine Surgery, Bariatric Surgery, Breast Surgery, Cardiac Surgery, Adrenalectomy Surgery, Anti-Reflux Surgery, Cancer Surgery, Cholecystectomy Surgery, Colectomy Surgery, Colon and Rectal Surgery, Ear, Nose and Throat Surgery and Obesity Surgery), Technology (Transcatheter Surgery, Laparoscopy Surgery, Non-Visual Imaging and Medical Robotics), End Users (Hospital Surgical Department, Outpatient Surgery Patients, Group Practices and Individual Surgeons)
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Countries Covered
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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
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Market Players Covered
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Stryker (US), CONMED Corporation (US), Intuitive Surgical (US), NuVasive, Inc. (US), Fortimedix Surgical (Netherlands), Microline Surgical (US), Cirtec (US), OmniGuide Holdings, Inc. (US), Arthrex, Inc. (Germany), Eximis Surgical, Inc. (US), B. Braun Melsungen, AG (Germany), Medtronic (Ireland), Johnson & Johnson Services, Inc. (US), Abbott (US), Zimmer Biomet (US), Smith+Nephew (UK), Applied Medical Resources Corporation (US), Silex Medical, LLC (US), Freudenberg Medical (US), and BEMA MEDICAL (Germany), among others
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Minimally Invasive Surgery Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Surge in Funds
The increase in the funding from private and government organizations in the development of healthcare infrastructure acts as one of the major factors driving the growth of minimally invasive surgery market.
- Increase in Prevalence of Chronic Diseases
The rise in the prevalence of chronic diseases, such as kidney disease, respiratory disease, gastrointestinal disease and heart disease, among others accelerate the market growth.
- Popularity of Minimally Invasive Surgery
The surge in the inclination towards minimally invasive surgery owing to the various advantages, including fewer complications, shorter hospital stay and less pain further influence the market.
Opportunities
Furthermore, adoption of advanced robotics in ASCs extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Rise in awareness regarding advantages of MIS over open surgical techniques will further expand the market.
Restraints/Challenges
On the other hand, high cost associated with minimally invasive surgical procedures is expected to obstruct market growth. Also, changing regulatory landscape in the medical device industry is projected to challenge the minimally invasive surgery market in the forecast period of 2022-2029.
This minimally invasive surgery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 minimally invasive surgery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Minimally Invasive Surgery Market
The medical services such as minimally invasive surgery witnessed decline in revenues in the years 2020 and 2021 due to the outbreak of COVID-19. Major medical procedures were declined during the pandemic in order to prevent the risk of spreading coronavirus. However, rise in the minimally invasive surgery procedures is expected in the post-COVID owing to the easing of restrictions.
Recent Development
- Ethicon, part of the Johnson and Johnson Medical Devices Companies launched ECHELON+ Stapler with GST Reloads in March’2021. This powered surgical stapler enhances staple line security and decline complications through more uniform tissue compression.
Global Minimally Invasive Surgery Market Scope and Market Size
The minimally invasive surgery market is segmented on the basis of product type, application, technology, and end user. The growth amongst these segments will help you analyze meager 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 Type
- Surgical Devices
- Monitoring and Visualization Systems
- Laparoscopy Devices
- Endosurgical Equipment
- Electrosurgical Equipment
On the basis of product type, the global minimally invasive surgery market is segmented into surgical devices, monitoring and visualization systems, laparoscopy devices, endosurgical equipment and electrosurgical equipment.
Application
- Gastrointestinal Surgery
- Gynecology Surgery
- Urology Surgery
- Cosmetic Surgery
- Thoracic Surgery
- Vascular Surgery
- Orthopedic and Spine Surgery
- Bariatric Surgery
- Breast Surgery
- Cardiac Surgery
- Adrenalectomy Surgery
- Anti-Reflux Surgery
- Cancer Surgery
- Cholecystectomy Surgery
- Colectomy Surgery
- Colon and Rectal Surgery
- Ear, Nose and Throat Surgery
- Obesity Surgery
On the basis of application, the global minimally invasive surgery market is segmented into gastrointestinal surgery, gynecology surgery, urology surgery, cosmetic surgery, thoracic surgery, vascular surgery, orthopedic and spine surgery, bariatric surgery, breast surgery, cardiac surgery, adrenalectomy surgery, anti-reflux surgery, cancer surgery, cholecystectomy surgery, colectomy surgery, colon and rectal surgery, ear, nose and throat surgery and obesity surgery.
Technology
- Transcatheter Surgery
- Laparoscopy Surgery
- Non-Visual Imaging
- Medical Robotics
On the basis of technology, the global minimally invasive surgery market is segmented into transcatheter surgery, laparoscopy surgery, non-visual imaging and medical robotics.
End User
- Hospital Surgical Department
- Outpatient Surgery Patients
- Group Practices
- Individual Surgeons
On the basis of end user, the global minimally invasive surgery market is segmented into hospital surgical department, outpatient surgery patients, group practices and individual surgeons.
Minimally Invasive Surgery Market Regional Analysis/Insights
The minimally invasive surgery market is analysed and market size insights and trends are provided by country, product type, application, technology, and end user as referenced above.
The countries covered in the minimally invasive surgery 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 dominates the minimally invasive surgery market because of the rise in healthcare spending and increasing prevalence of chronic disorders within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increased cases of road crashes, and a rapidly developing economy in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, 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 surgery market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for minimally invasive surgery market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the minimally invasive surgery market. The data is available for historic period 2010-2020.
Competitive Landscape and Minimally Invasive Surgery Market Share Analysis
The minimally invasive surgery market competitive landscape provides details by competitor. 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 minimally invasive surgery market.
Some of the major players operating in the minimally invasive surgery market are Stryker (US), CONMED Corporation (US), Intuitive Surgical (US), NuVasive, Inc. (US), Fortimedix Surgical (Netherlands), Microline Surgical (US), Cirtec (US), OmniGuide Holdings, Inc. (US), Arthrex, Inc. (Germany), Eximis Surgical, Inc. (US), B. Braun Melsungen, AG (Germany), Medtronic (Ireland), Johnson & Johnson Services, Inc. (US), Abbott (US), Zimmer Biomet (US), Smith+Nephew (UK), Applied Medical Resources Corporation (US), Silex Medical, LLC (US), Freudenberg Medical (US), and BEMA MEDICAL (Germany), among others.
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