Minimally Invasive Surgical Instruments Market Growing at 8.30% CAGR to be Worth USD 44.50 Billion by 2030: COVID-19 Impact and Global Analysis by Business Market Insights

The Minimally Invasive Surgical Instruments market crossed US$ 23.55 billion mark in 2022 and is expected to hit US$ 44.50 billion by 2030, recording a CAGR of 8.30% during the forecast period.

Rising demand for minimally invasive surgical instruments is attributed on account of growing number of ambulatory surgery centers and rising interest in outpatient robotic-assisted surgeries. Moreover, increasing launch of new products and a growing number of product approvals by various market players for gaining a larger market share are anticipated to create robust growth opportunities during the forecast period. For instance, in December 2020, Abbott launched a minimally invasive heart valve repair device to treat mitral regurgitation in India. The handheld instrument segment is expected to pace up with the rising technological innovations and their growing adoption in minimally invasive surgeries. Further, other segment such as inflation devices, cutter instruments, guiding devices, electrosurgical devices, auxiliary devices, and monitoring & visualization devices is also expected to gain traction during the forecasted year.

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Top Key Players Listed in the Minimally Invasive Surgical Instruments Market 2022 - 2030 Report Are:

o Medtronic plc
o Johnson & Johnson
o Stryker Corporation
o Abbott Laboratories, Inc
o Boston Scientific Corporation

Minimally Invasive Surgical Instruments Market 2022 - 2030 report offers insights into the newest growth and trends. It summarizes crucial aspects of the market, with target on leading key player's areas that have witnessed the highest demand, leading regions and operations. Minimally Invasive Surgical Instruments market 2022 - 2030 offers qualitative as well as quantitative information data relating to the factors, challenges, and opportunities that may define the expansion of the market over the forecast period. The report aims to supply a further illustration of the newest scenario, economic slowdown, and COVID-19 impact on the overall industry.

In this report, the market has been segmented on the basis of:
Based on types, the Minimally Invasive Surgical Instruments market is primarily split into:

• Device Type:
o Handheld Instruments
o Inflation Devices
o Surgical Scopes
o Cutting Instruments
o Guiding Devices
o Electrosurgical & Electrocautery Instruments
o Other Instruments

• Surgery Type:
o Cardiothroacic Surgery
o Gastrointestinal Surgery
o Orthopedic Surgery
o Gynecological Surgery
o Cosmetic & Bariatric Surgery
o Urological Surgery
o Other Surgeries

Based on Applications the Minimally Invasive Surgical Instruments market covers:

• End User:
o Hospitals and Specialty Clinics
o Ambulatory Surgery Centers

• Region
o North America
o Europe
o Asia Pacific (APAC)
o South & Central America
o Middle East & Africa

Recent strategic developments in minimally invasive surgical instruments market
The minimally invasive instruments market has undergone several significant developments, and a few of these have been mentioned below:
• In July 2020, Anika Therapeutics, Inc. announced US Food and Drug Administration (FDA) clearance ad planned launch of multiple new product innovation that address the needs of orthopedic and sports medicine surgeons. It includes six minimally invasive surgical devices and instruments to repair rotator cuffs, perform arthroscopic knee repairs and treat arthritis damage in the hand and wrist.
• In September 2021, Abbott announced that the US Food and Drug Administration (FDA) has approved the company's Portico with FlexNav transcatheter aortic valve replacement (TAVR) system to treat people with severe aortic stenosis who are at high or extreme risk for open-heart surgery.
• In June 2021, Medtronic announced the first patient procedure in the world with the Hugo robotic-assisted surgery (RAS) system. The first patient marks the beginning of the Hugo RAD system patient registry, which will collect clinical data to support regulatory submissions around the world.

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The Minimally Invasive Surgical Instruments Market 2022 - 2030 Competitive Viewpoint:
This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.

Reason to buy this report:
• Understand the Current and future of the Minimally Invasive Surgical Instruments Market in both Established and rising markets.
• The report enlightens the massive patterns, causes, and impact factors globally and regionally.
• The latest developments within the Minimally Invasive Surgical Instruments market and details of the industry leaders alongside their market share and methods.
• It looks into vital developments like extensions, agreements, new product launches, and acquisitions on the horizon.
• Analysis the market's potential, preferred position, opportunity, difficulty, restrictions, and hazards on a world and regional level.

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