Minimally Invasive Surgery Market Industry Size, Drivers, Growth Forecast and Opportunity 2023-2028
How Big is the Contact Minimally Invasive Surgery Market?
The global minimally invasive surgery market size reached US$ 49.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 73.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
What is Minimally Invasive Surgery?
Minimally invasive surgery is a procedure that utilizes surgical techniques that are aimed at reducing the size and quantity of incisions or cuts during an operation. It generally uses small tools, cameras, lights, etc. As compared to traditional open surgery, this method is considerably safer, resulting in faster recovery, minimal blood loss, fewer complications, shorter hospital stays, etc. Consequently, it is gaining extensive traction among surgeons and patients across the globe. Minimally invasive surgery also finds wide-ranging applications in cardiothoracic, orthopedic, vascular, and neurological procedures.
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What are the Growth Prospects and Trends in the Minimally Invasive Surgery Industry?
The growing prevalence of lifestyle and chronic diseases, such as cancer and obesity, on account of the sedentary lifestyles and changing dietary preferences of individuals, is primarily driving the minimally invasive surgery market. Additionally, the expanding geriatric population who are prone to cardiac and orthopedic complications and the increasing number of physician-owned ambulatory surgical centers (ASCs) are further propelling the market growth. Apart from this, the rising consumer health consciousness is catalyzing the adoption of weight loss surgeries, including bariatric surgery and gastric banding, which is acting as another significant growth-inducing factor. Furthermore, the development of advanced techniques, such as robotic technology-enabled minimally invasive surgeries, that provide high success rates with enhanced precision is positively influencing the global market. Besides this, the introduction of narrow-band imaging endoscopes and HD cameras is also stimulating the market growth. Moreover, extensive investments in R&D activities and continuous improvements in the healthcare industry by government bodies are expected to fuel the minimally invasive surgery market in the coming years.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Who are the Key Players Operating in the Minimally Invasive Surgery Industry?
The report has also analysed the competitive landscape of the market with some of the key players.
• Zimmer Biomet Inc.
• Medtronic Inc.
• GE Healthcare
• Eximis Surgical
• Stryker Corporation
• Arthrex, B. Braun
• Bauer Medical
• Cook Medical
• OmniGuide, Inc.
• Orthofix Holdings,Inc
• Philips Healthcare
• RF System
• Smith & Nephew
• Virtual Ports
What is Included in Market Segmentation?
The report has categorized the market based on product type, application and end-user.
Breakup by Product Type:
• Surgical Devices
• Laparoscopy Devices
• Monitoring and Visualization Devices
Breakup by Application:
• Bariatric Surgery
• Breast Surgery
• Cardiac Surgery
• Cosmetic Surgery
• Gastrointestinal Surgery
• Gynaecological Surgery
• Orthopedics and Spine Surgery
• Thoracic Surgery
Breakup by End-User:
Breakup by Region:
• North America
• Asia Pacific
• Middle East and Africa
• Latin America
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Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2023)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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