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Strong Growth Ahead: Minimally Invasive Surgical Instruments Market Size To Grow At Arecord 10.6% Cagr By 2029
The Minimally Invasive Surgical Instruments Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Minimally Invasive Surgical Instruments Market Size Expected to Be by 2034?
There has been a significant expansion in the market size of minimally invasive surgical instruments in recent years. This market is projected to escalate from $39.39 billion in 2024 to $43.2 billion in 2025, representing a compound annual growth rate (CAGR) of 9.7%. The historic growth rate can be linked to factors such as an aging population, an increase in chronic diseases, a surge in research and development investment in healthcare, enhanced healthcare infrastructure, and a rise in medical tourism.
In the coming years, the market for minimally invasive surgical instruments is anticipated to experience a swift expansion. It is projected to escalate to a value of $64.75 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 10.6%. The forecasted growth during this period can be accredited to an increase in the volume of surgeries, rising healthcare costs, higher disposable income and a preference for shorter hospital stays. Key trends predicted for the forecast period encompass the integration of robotics and AI, personalized surgical tools, instruments that are both sustainable and eco-friendly, along with interdisciplinary collaborations.
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What Are the Emerging Segments Within the Minimally Invasive Surgical Instruments Market?
The minimally invasive surgical instruments market covered in this report is segmented -
1) By Product: Handheld Instruments, Inflation Systems, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Instruments
2) Type of Procedure Outlook: Robotic, Non- Robotic
3) By Application: Cardiothoracic Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Gynecological Surgery, Cosmetic & Bariatric Surgery, Vascular Surgery, Urological Surgery
4) By End User: Hospitals, Ambulatory Surgical Clinics, Research Institutes
Subsegments:
1) By Handheld Instruments: Scissors, Graspers, Forceps, Needle Holders, Trocars
2) By Inflation Systems: Insufflators, Inflation Pumps
3) By Cutter Instruments: Blades, Biopsy Punches, Snares
4) By Guiding Devices: Guidewires, Catheters, Trocar Systems
5) By Electrosurgical Devices: Electrosurgical Generators, Electrosurgical Pencils, Argon Plasma Coagulation Devices
6) By Auxiliary Instruments: Suction Devices, Energy Devices, Laparoscopic Accessories
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What Long-Term Drivers Are Shaping Minimally Invasive Surgical Instruments Market Trends?
The minimally invasive surgical instruments market is anticipated to grow due to an increase in the number of surgical procedures. Given the advantage of causing less damage and pain to patients, minimally invasive surgeries are favored by healthcare professionals over traditional open surgeries. These types of surgeries are typically utilized in procedures such as adrenalectomy, brain surgery, heart surgery, kidney transplant, spine surgery, and plastic and cosmetic surgery. For example, according to the Aesthetic Society, a U.S. plastic and cosmetic surgery organization, the standard plastic surgeon performed 320 surgical procedures in April 2022, a considerable increase from 220 procedures in 2020. Furthermore, surgical procedures for plastic and cosmetic surgeries saw a 54% increase in 2021. As such, the upsurge in the number of these surgeries is a major factor driving the growth of the minimally invasive surgical instruments market.
Who Are the Top Competitors in Key Minimally Invasive Surgical Instruments Market Segments?
Major companies operating in the minimally invasive surgical instruments market include Abbott Laboratories Inc., Aesculap Inc., AMNOTEC International Medical GmbH, Applied Medical Resources Corporation, B. Braun Melsungen AG, Becton Dickinson and Company, Boston Scientific Corporation, CONMED Corporation, EndoMed Systems GmbH, FUJIFILM Holdings Corporation, HOYA Corporation, Intuitive Surgical Inc., KARL STORZ SE & Co. KG, KLS Martin Group, Koninklijke Philips N.V, Microline Surgical Corp., NuVasive Inc., Olympus Corporation, Scanlan International Inc., Smith & Nephew plc, Ethicon Inc., GE Healthcare Technologies Ltd., Medtronic Inc., Johnson & Johnson Services Ltd., Stryker Corporation, Cooper Companies Inc., Applied Medical Technology Inc., Richard Wolf GmbH, Zimmer Biomet Holdings Inc., Siemens Healthineers AG
What Minimally Invasive Surgical Instruments Market Trends Are Gaining Traction Across Different Segments?
The birth and rise of inexpensive surgical robotic systems is an emerging trend that is quickly becoming renowned within the sphere of minimally invasive surgical instrument market. The surge in popularity for robot-assisted surgery can be attributed to the promising scope minimally invasive surgical instruments hold across a host of medical sectors. As the robotic surgery market nears its tenth year in service commercially, novel surgical paradigms powered by advanced technologies, compact sizes, and reduced costs are becoming readily obtainable. For example, in June 2023, CMR Surgical, a firm developing medical devices in the UK, introduced Versius to Belgium, a compact and modular surgical robot, with the objective of widening the scope of minimally invasive operations. The adaptability of Versius lends it appropraitely to any operating theatre, making its utilization convenient for surgeons and hospitals alike. Its modularity enables the customization of port placement, increasing its applicability across multiple procedures and specialties, and thus broadening patient access to minimally invasive surgical procedures.
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Which Regions Are Becoming Hubs for Minimally Invasive Surgical Instruments Market Innovation?
North America was the largest region in the minimally invasive surgical instruments market in 2024. Asia-Pacific is expected to be the fastest growing region in the minimally invasive surgical instruments market. The regions covered in the minimally invasive surgical instruments market market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Minimally Invasive Surgical Instruments Market?
2. What is the CAGR expected in the Minimally Invasive Surgical Instruments Market?
3. What Are the Key Innovations Transforming the Minimally Invasive Surgical Instruments Industry?
4. Which Region Is Leading the Minimally Invasive Surgical Instruments Market?
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