Minimally Invasive Surgery Market Insights:
The Minimally Invasive Surgery Market size was valued at USD 238.5 Billion in 2022, expecting a CAGR of 3.1% during the forecast period (2023-2030), and the market is projected to be worth USD 304.48 Billion by 2030.
Driver:
The increased adoption of Minimally Invasive Surgery in the Medical Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Minimally Invasive Surgery also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Minimally Invasive Surgery in many sectors also boosts the market growth during the forecast period.
Minimally invasive surgery (MIS) is a surgical technique that involves performing surgery through small incisions, using specialized tools and imaging technology to guide the procedure. The goal of MIS is to reduce the size and number of incisions required for a surgical procedure, which can result in less pain, shorter hospital stays, and faster recovery times compared to traditional open surgery.
Minimally Invasive Surgery Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Surgical Devices, Monitoring and Visualization Systems, Laparoscopy Devices, Endosurgical Equipment and Electrosurgical Equipment), By Application (Gastrointestinal Surgery, Gynecology Surgery, Urology Surgery, Cosmetic Surgery, Thoracic Surgery, Nose and Throat Surgery and Obesity Surgery), By Technology (Transcatheter Surgery, Laparoscopy Surgery, Non-Visual Imaging and Medical Robotics), By End Use (Hospital Surgical Department, Outpatient Surgery Patients, Group Practices and Individual Surgeons), and companies (Stryker, CONMED Corporation, Intuitive Surgical, NuVasive, Inc., Fortimedix Surgical, Microline Surgical, Cirtec, OmniGuide Holdings, Inc., Arthrex, Inc. , Eximis Surgical, Inc. , B. Braun Melsungen, AG, Medtronic, Johnson & Johnson Services, Inc., Abbott, Zimmer Biomet, Smith+Nephew, Applied Medical Resources Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 3.1%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 304.48 Billion |
| CAGR (2023-2030) | 3.1% |
| By Product | Surgical Devices, Monitoring and Visualization Systems, Laparoscopy Devices, Endosurgical Equipment and Electrosurgical Equipment |
| By Application | Gastrointestinal Surgery, Gynecology Surgery, Urology Surgery, Cosmetic Surgery, Thoracic Surgery, Nose and Throat Surgery and Obesity Surgery |
| By Technology | Transcatheter Surgery, Laparoscopy Surgery, Non-Visual Imaging and Medical Robotics |
| By End Use | Hospital Surgical Department, Outpatient Surgery Patients, Group Practices and Individual Surgeons |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Stryker, CONMED Corporation, Intuitive Surgical, NuVasive, Inc., Fortimedix Surgical, Microline Surgical, Cirtec, OmniGuide Holdings, Inc., Arthrex, Inc. , Eximis Surgical, Inc. , B. Braun Melsungen, AG, Medtronic, Johnson & Johnson Services, Inc., Abbott, Zimmer Biomet, Smith+Nephew, Applied Medical Resources Corporation |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Minimally Invasive Surgery market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Stryker, CONMED Corporation, Intuitive Surgical, NuVasive, Inc., Fortimedix Surgical, Microline Surgical, Cirtec, OmniGuide Holdings, Inc., Arthrex, Inc. , Eximis Surgical, Inc. , B. Braun Melsungen, AG, Medtronic, Johnson & Johnson Services, Inc., Abbott, Zimmer Biomet, Smith+Nephew, Applied Medical Resources Corporation
Market Segment Analysis:
By Product
- Surgical Devices
- Monitoring and Visualization Systems
- Laparoscopy Devices
- Endosurgical Equipment and Electrosurgical Equipment
By Application
- Gastrointestinal Surgery
- Gynecology Surgery
- Urology Surgery
- Cosmetic Surgery
- Thoracic Surgery
- Nose and Throat Surgery and Obesity Surgery
By Technology
- Transcatheter Surgery
- Laparoscopy Surgery
- Non-Visual Imaging and Medical Robotics
By End Use
- Hospital Surgical Department
- Outpatient Surgery Patients
- Group Practices and Individual Surgeons
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Minimally Invasive Surgery industries in the region.
Key Minimally Invasive Surgery Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Minimally Invasive Surgery Market segments.
– Largest Market Share Held by Industry to Industry for Minimally Invasive Surgery
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Minimally Invasive Surgery Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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