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Minimally Invasive Surgery Market: Industry Growth Factors, Trends, Demand Status And Forecast To 2033
Minimally Invasive Surgery Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the minimally invasive surgery industry. This report on minimally invasive surgery market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The minimally invasive surgery market size has grown strongly in recent years. It will grow from $57.7 billion in 2023 to $63.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to patient awareness, reduced hospital stay, lower infection risk, surgeon training and proficiency, chronic disease prevalence. the minimally invasive surgery market size is expected to see strong growth in the next few years. It will grow to $90.72 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
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Key Market Players:
Arthrex Inc., B. Braun Melsungen AG, Intuitive Surgical Inc., Medtronic Inc., OmniGuide Inc., Olympus Corporation, GE Healthcare, Siemens Healthineers, Smith & Nephew, Johnson & Johnson Ltd., Stryker Corporation, Boston Scientific Corporation, Abbott Laboratories, Koninklijke Philips N.V., Applied Medical Resources Corporation, KLS Martin Group, Scanlan International Inc., Wexler Surgical, STRAUSS SURGICAL, AMNOTEC International Medical GmbH, EndoMed Systems GmbH, TROKAMED GmbH, Surgical Holdings Ltd., Ethicon Inc., DePuy Synthes, NuVasive Inc., Zimmer Biomet Holdings Inc., Renishaw PLC, CONMED Corporation, Bedfordshire Hospitals NHS Foundation Trust, Circle Health Ltd., Manipal Health Enterprises Pvt. Ltd., Singapore General Hospital Ltd., The General Hospital Corporation, Karl Storz SE & Co. KG, Becton Dickinson and Company, Applied Medical Resources Corporation, LiNA Medical, HOYA Corporation, Steris Corporation
Market Drivers:
According to the Minimally invasive surgery Market Report 2024 by The Business Research Company, Technological advancements are a key trend gaining popularity in the minimally invasive surgery market. The demand for special medical care and treatment quality has increased with the advancement of science and technology and improving people's living standards. This advancement has propelled the use of minimally invasive surgery (MIS) techniques for performing advanced surgical procedures. Major companies operating in the minimally invasive surgery market are focused on developing new technological solutions such as advances in optics, instrumentation, materials, robotics, computer systems, and others.
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Market segments for minimally invasive surgery include:
1) By Device: Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring And Visualization Devices
2) By Product: Surgical Devices, Laparoscopy Devices, Monitoring And Visualization Devices
3) By Application: Cardiac, Gastrointestinal, Orthopedic, Vascular, Gynecological, Urological, Cosmetic, Dental
4) By End-User: Hospitals And Specialty Clinics, Ambulatory Surgery Centers
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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