Minimally Invasive Gastrointestinal Surgical Systems Market Study Analysis with Forecast to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Minimally Invasive Gastrointestinal Surgical Systems Market - (By Product Type (Conventional Minimally Invasive Gastrointestinal Surgical Systems (MISS) (Endoscopes and Endoscopy Systems (Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopy (Workstations and Data Recorders, Capsules, Others)), Videoscopes, Endoscopy Ultrasound, Therapeutic Energy Devices, Point of Sales), Surgical Robotics (Robotic Systems, Robotic Surgery Instruments and Accessories, Services)), By Surgery (Adrenalectomy, Appendectomy, Bariatric Surgery, Cholecystectomy, Colon & Rectal Surgery, Foregut Surgery, Hernia Repair, Others), By End-User (Specialty Clinics, Hospitals, Ambulatory Surgical Centers)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Minimally Invasive Gastrointestinal Surgical Systems Market is valued at US$ 5.75 Bn in 2023, and it is expected to reach US$ 9.88 Bn by 2031, with a CAGR of 7.2% during the forecast period of 2024-2031.

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Minimally invasive gastrointestinal surgical systems use cutting-edge technologies like laparoscopy, endoscopy, and robotics to make small cuts during treatments. This helps heal tissues faster and with less damage, especially for cancers and gastrointestinal disorders. Their cost-effectiveness and efficiency are fueling the need for minimally invasive gastrointestinal surgical systems; minimally invasive treatments have gained a great level of popularity in recent years. These systems give patients quicker recovery times and lower hospital stays in comparison to standard surgical procedures. Technological breakthroughs have enhanced the efficacy and safety of surgical instruments and robotics. In order to enhance patient outcomes and satisfy the growing demand for less invasive treatments, hospitals are progressively embracing these systems. In addition, people favour these operations because they are less painful, result in less scarring, and come with fewer consequences. In light of the fact that these operations have resulted in better outcomes, they have become more popular, which will contribute to the expansion of the industry in the coming years.

List of Major Players in the Minimally Invasive Gastrointestinal Surgical Systems Market:
• B. Braun Melsungen AG
• Conmed Corporation
• Karl Storz SE & Co. KG
• Medtronic plc
• Olympus Corporation
• Stryker Corporation
• TransEnterix, Inc.
• Boston Scientific Corporation
• Cook Medical, Inc.
• Richard Wolf GmbH
• Intuitive Surgical, Inc.
• Ambu A/S
• Schölly Fiber Optic GmbH
• Xenocor, Inc.
• Fujifilm Holdings Corporation
• Pentax Medical (Hoya Corporation)
• Smith & Nephew,
• Abbott,
• Applied Biomedical, LLC
• Aesculap, Inc.,
• Johnson & Johnson Services, Inc.,
• Novatract Surgical Inc.,
• REMA Medizintechnik GmbH,
• Teleflex Incorporated,
• Other Prominent Players

Market Dynamics:
Drivers-
Innovations in robotics, laparoscopy, and endoscopy fuel industry expansion, and the demand for shorter recovery times and less scarring drive the growing minimally invasive gastrointestinal surgical systems market. Additionally, increasing knowledge of the benefits of minimally invasive procedures and the increasing incidence of obesity and gastrointestinal diseases all contribute to market growth. An ageing population, rising use in ambulatory surgery facilities, favourable reimbursement policies, falling operation prices, and expanding applications in cancer therapy and weight control are all factors driving market expansion. Moreover, government policies aiming at improved healthcare services, including subsidies and efforts to improve surgical treatment, are also driving the growth of minimally invasive gastrointestinal surgical systems.

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Challenges:
The complex procedures, scarcity of qualified surgeons, and high cost limiting its availability in underdeveloped areas are big problems for the minimally invasive gastrointestinal surgical systems market. Additionally, due to the high expense, hospitals in less developed regions are hesitant to implement the technology, and patients are unable to afford the associated surgeries, which slows down the market. Many patients are hesitant to choose minimally invasive gastrointestinal surgical systems due to the dangers involved with surgery, including the possibility of bleeding, infection, or complications. Another factor that could lead to a decline in the need for minimally invasive gastrointestinal surgical systems is ultimately restricting the availability of minimally invasive procedures and lack of expertise, which is slowing down the market growth.

Regional Trends:
The North American minimally invasive gastrointestinal surgical systems market is anticipated to register a major revenue share. It is projected to grow at a high CAGR in the near future because of the increasing prevalence of gastrointestinal illnesses, the rising cost of healthcare, the increasing acceptance of modern surgical technology, and more money being made available by the government for healthcare development. Besides, Europe had a notable share of the market due to a well-established healthcare system with strict regulations. Also contributing to market expansion is the availability of advanced expertise, which is made possible by the existence of significant industry competitors.

Recent Developments:
• In Nov 2023, Stryker Endoscopy (San Jose, CA) obtained FDA certification for the enhanced Stryker 1788 4K Camera System including Advanced Imaging Modality. The 1788 Platform represents the most recent advancement in the series of Stryker endoscopic camera systems. This is the inaugural update since the launch of the 1688 AIM 4K in 2019 and the seventh generation since the introduction of the original 1088 in 2004. This generation features hardware upgrades, software modifications for light-balancing, and advances in fluorescence imaging capabilities.

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Segmentation of Minimally Invasive Gastrointestinal Surgical Systems Market-
By Product Type-
• Conventional Minimally Invasive Gastrointestinal Surgical Systems (MISS)
o Endoscopes and Endoscopy Systems
 Rigid Endoscopes
 Flexible Endoscopes
 Capsule Endoscopy
• Workstations and Data Recorders
• Capsules
• Others
o Videoscopes
o Endoscopy Ultrasound
o Therapeutic Energy Devices
o Point of Sales
• Surgical Robotics
o Robotic Systems
o Robotic Surgery Instruments and Accessories
o Services
By Surgery-
• Adrenalectomy
• Appendectomy
• Bariatric Surgery
• Cholecystectomy
• Colon & Rectal Surgery
• Foregut Surgery
• Hernia Repair
• Others
By End-User-
• Specialty Clinics
• Hospitals
• Ambulatory Surgical Centers
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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