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Minimally Invasive Surgical Instruments Market size is projected to reach US$ 61470 million by 2028, from US$ 37320 million in 2021, at a CAGR of 7.3% during 2022-2028.

05-10-2023 02:07 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Minimally Invasive Surgical Instruments Market size

Minimally Invasive Surgical Instruments Market

The global Minimally Invasive Surgical Instruments market size is projected to reach US$ 61470 million by 2028, from US$ 37320 million in 2021, at a CAGR of 7.3% during 2022-2028. It is a minimally invasive device when it is positioned on a patient during such a procedure. In many surgeries, arthroscopic or laparoscopic tools are used, and instruments are moved remotely while being observed indirectly using an endoscope or a big display panel. The surgery can incorporate a robot-assisted system and is often performed through the skin, a tiny bodily cavity, or an anatomical aperture.

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Minimally Invasive Surgical Instruments Market Trends

The value of minimally invasive surgical (MIS) treatments is greatly increased for the patient as well as insurance providers because they are significantly less expensive than in-patient and traditional open operations with the same results. In the upcoming years, this pattern is probably going to persist. During the projected period, it is predicted that the rising number of new product launches and product approvals by various market participants seeking to capture a bigger market share would generate significant growth possibilities. This factor is expected to drive the Minimally Invasive Surgical Instruments Market

Additionally, the expansion of the geriatric population drives the minimally invasive surgery industry since older people are more prone to chronic illnesses. Additionally, an increase in procedures helps the industry develop. Therefore, the market is expected to grow as a result of developments in robotic assistive technology and increased public awareness of the benefits of minimally invasive surgery. The expansion of the minimally invasive surgery market is anticipated to be constrained during the forecast period by the high cost of minimally invasive surgical techniques.

Minimally Invasive Surgical Instruments Market Share

The top market participants for minimally invasive surgical instruments are Medtronic, Olympus Corp., Johnson & Johnson, and others. About 25% of the worldwide market is controlled by the top 3 competitors.

The biggest markets, which make up around 65% of the worldwide market, are North America and Europe.

The dominant kind, with a share of around 55%, is surgical equipment. The leading application, with a share of around 15%, is gastrointestinal surgery.

Minimally Invasive Surgical Instruments Market By Type
• Surgical Equipment
• Monitoring & Visualization Equipment
• Electrosurgical Systems

Minimally Invasive Surgical Instruments Market By Application
• Cardiothoracic Surgery
• Gastrointestinal Surgery
• Orthopedic Surgery
• Gynecological Surgery
• Cosmetic/Bariatric Surgery
• Vascular Surgery
• Urological Surgery

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-37M2252/global-minimally-invasive-surgical-instruments

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