The Minimally Invasive Surgical Instruments Market is Poised for Robust Growth

The global minimally invasive surgical instruments market is experiencing a surge in demand, driven by the growing adoption of minimally invasive surgical (MIS) techniques and technological advancements in the field. According to market research, the global minimally invasive surgical instruments market was valued at $21.31 billion in 2022 and is projected to reach $37.16 billion by 2030, growing at a CAGR of 7.2% during the forecast period.

Download a Free sample copy of Report:
https://www.marketdigits.com/request/sample/4797
Competitive Analysis

There are a few main participants in the minimally invasive surgical instruments market, which is moderately competitive. Few large players currently control the market in terms of market share. Medtronic, Siemens Healthineers AG, Ethicon Inc. (Johnson & Johnson), DePuy Synthes, GE Healthcare, are some of the key competitors in the market.

Some of the recent developments are as follows:

In March 2021, Johnson & Johnson announced the launch of ECHELON+ Stapler
In June 2019, Medtronic announced the acquisition of Titan Spine.

Key Drivers of the Minimally Invasive Surgical Instruments Market

Advantages of Minimally Invasive Surgery: Minimally invasive procedures offer several benefits over traditional open surgeries, including reduced trauma, less scarring, faster recovery times, shorter hospital stays, and decreased post-operative complications. These advantages are driving the demand for specialized minimally invasive surgical instruments.

Increasing Prevalence of Chronic Diseases: The rising prevalence of chronic diseases, such as cardiovascular disorders, cancer, obesity, and orthopedic conditions, necessitates surgical interventions. Minimally invasive surgeries offer less invasive treatment options for these conditions, contributing to the demand for specialized instruments.

Technological Innovations: Continued advancements in surgical instruments, such as the development of miniaturized devices, advanced imaging technologies, and robotic-assisted systems, provide opportunities for product innovation and market expansion.

Country-wise Analysis

U.S. Market Analysis

The market for minimally invasive surgical instruments in the U.S. stood at US$ 5.9 Bn in 2021. The market is further expected to grow at a CAGR of 14.5% during 2022 - 2032 to reach nearly US$ 26 Bn by 2032.

U.K. Market Analysis

The minimally invasive surgical instruments market in the U.K. is projected to reach a valuation of US$ 3.6 Bn, rising from US$ 651 Mn in 2021. The market is expected to witness an absolute dollar opportunity of US$ 2.8 Bn during 2022 - 2032, with a projected CAGR of 17.3%.

Japan Market Analysis

The Japanese market for minimally invasive surgical instruments increased at a CAGR of 17.3% during 2022 - 2032 to reach a valuation of US$ 401 Mn by 2021. The market is further expected to rise to reach US$ 2.3 Mn by 2032, growing at a CAGR of 17.3% during 2022 - 2032.

South Korea Market Analysis

The market for minimally invasive surgical instruments in South Korea is likely to expand at an absolute dollar opportunity of nearly US$ 1 Bn during 2022 - 2032. Growing at a CAGR of 16.6% during 2022 - 2032, the market is projected to reach US$ 1.3 Bn by 2032.

Key Trends in the Minimally Invasive Surgical Instruments Market

Surgical Devices Segment Dominance: The surgical devices segment, which includes handheld instruments, laparoscopy devices, guiding devices, and inflation systems, is expected to hold the largest market share in the forecast period. The growth of this segment is driven by ongoing technological advancements, which continuously improve the precision, adaptability, and safety of these instruments.

Increasing Adoption of Robotic-Assisted Minimally Invasive Surgery: The integration of robotic technologies in minimally invasive surgery is gaining traction, as these systems offer enhanced precision, dexterity, and visualization, leading to improved patient outcomes.

Rising Demand from Ambulatory Surgical Centers: The ambulatory surgical centers segment is expected to witness significant growth due to the increasing preference for outpatient procedures and the advantages of minimally invasive techniques, such as reduced recovery times and lower healthcare costs.

Minimally Invasive Surgical Instruments Market Analysis Covers the Following Segments

By Application Type

Orthopedic
Cardiac
Gastrointestinal
Vascular
Gynecological
Urological
Thoracic
Cosmetic
Dental
Other Applications
By Device Type

Handheld Instruments
Inflation Devices
Cutter Instruments
Guiding Devices
Electrosurgical Devices
Auxiliary Device
Monitoring & Visualization Devices
By Region Type

North America
Latin America
Europe
APEC
MEA

Regional Outlook

North America is currently the largest market for minimally invasive surgical instruments, driven by the presence of key market players, high healthcare expenditure, and the early adoption of advanced technologies. However, the Asia-Pacific region is anticipated to be the fastest-growing market, fueled by the rising prevalence of chronic diseases, increasing healthcare infrastructure investments, and the growing awareness of minimally invasive surgical techniques.

Get this report at a discount:
https://www.marketdigits.com/request/discount/4798

Competitive Landscape

The minimally invasive surgical instruments market is highly consolidated, with the presence of major players such as Medtronic, Johnson & Johnson, Stryker Corporation, NuVasive, and Boston Scientific Corporation. These companies are focused on product innovation, strategic collaborations, and geographic expansion to maintain their market dominance.In conclusion, the minimally invasive surgical instruments market is poised for robust growth, driven by the advantages of minimally invasive surgery, the increasing prevalence of chronic diseases, and the continuous technological advancements in the field. As the demand for less-invasive surgical options continues to rise, the market is expected to witness significant opportunities for growth and innovation in the coming years.

About MarketDigits:

MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

We offer services that are most relevant and beneficial to the users, which help businesses to sustain themselves in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

Contact Us:
1248 CarMia Way Richmond,
VA 23235, United States.
Phone: +1 510-730-3200
Email: sales@marketdigits.com
Website: https://www.marketdigits.com

This release was published on openPR.