Minimal Invasive Surgery Devices: A Leading Driver Behind Rising Patient Awareness Fuels Growth Of Minimally Invasive Surgery Devices Market Market Expansion in 2025

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What Will the Minimal Invasive Surgery Devices Industry Market Size Be by 2025?
The market for minimally invasive surgical tools has witnessed substantial growth in recent years. The size of the market is projected to increase from $34.17 billion in 2024 to $36.61 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.1%. This trend during the historic period can be linked to several factors, including an increasing incidence of chronic illnesses, a surge in the elderly population, a rise in obesity cases, and heightened demand for less invasive surgical techniques like natural orifice transluminal endoscopic surgery.

What's the Long-Term Growth Forecast for the Minimal Invasive Surgery Devices Market Size Through 2029?
In the coming years, the market size for minimal invasive surgery devices is anticipated to experience robust growth. The market is projected to reach $46.14 billion in 2029, with a compound annual growth rate (CAGR) of 6.0%. The growth during the forecast period can be linked to the worldwide growth of healthcare, the increasing trend towards patient-focused care, demand from patients for less intrusive procedures, and the training and experience of surgeons. Key trends expected in the forecast period include the incorporation of robotics and AI, remote and telesurgery, single-incision surgery, natural orifice surgery, as well as 3D printing and tailor-made devices.

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What Are the Key Growth Drivers Fueling the Minimal Invasive Surgery Devices Market Expansion?
The escalating cognizance of minimally invasive procedures among the populace is propelling the market for minimally invasive surgical devices forward. These surgeries, as opposed to conventional surgical methodologies, necessitate minute skin incisions and consequently result in reduced pain, shorter durations of hospitalization, minor scarring, decreased risk of bleeding and infections, and lesser tissue damage. To illustrate, The Aesthetic Society, an American entity specializing in plastic surgery and aesthetic medicine, stated in August 2023 that the expenditure on minimally invasive surgical procedures in the United States exceeded $11.8 billion, marking a 2% increase from the previous year. Consequently, the expanding requirement for minimally invasive surgery (MIS) will propel the growth of the minimally invasive surgical devices market.

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What Are the Key Trends Driving Minimal Invasive Surgery Devices Market Growth?
Anticipations of higher trade barriers are likely to hinder the growth of the minimally invasive surgery devices market. Numerous nations have implemented import restrictions to stimulate domestic production. In December 2023, the United Nations Conference on Trade and Development, a global intergovernmental organization based in Switzerland, predicted a nearly $2 trillion decrease in global goods trade in 2023. These trade restrictions could potentially curb the demand growth by triggering an increase in prices.

How Is the Minimal Invasive Surgery Devices Market Segmented?
The minimal invasive surgery devices market covered in this report is segmented -

1) By Product Type: Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring & Visualization Devices
2) By Application: Laparoscopy, Cardiovascular, Cosmetic Surgery, Orthopedic Surgery, Obstetrics And Gynecology, Ophthalmology, Neurosurgery, Urology, Other Applications
3) By End Users: Hospitals, Ambulatory Surgical Centers (ASCS), Research Institutes

Subsegments:
1) By Handheld Instruments: Scissors, Forceps, Graspers
2) By Inflation Devices: Balloon Inflation Devices, CO2 Insufflators
3) By Cutter Instruments: Mechanical Cutters, Energy-based Cutters
4) By Guiding Devices: Guidewires, Sheaths
5) By Electrosurgical Devices: Electrosurgical Generators, Electrosurgical Pencil
6) By Auxiliary Devices: Suction Devices, Irrigation Devices
7) By Monitoring And Visualization Devices: Cameras, Monitors, Imaging Systems

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Which Companies Are Leading the Charge in Minimal Invasive Surgery Devices Market Innovation?
Major companies operating in the minimal invasive surgery devices market include Abbott Laboratories, GE Healthcare, Medtronic plc, Siemens Healthineers, Smith & Nephew Plc., Stryker Corporation, Boston Scientific Corporation, EthiconInc., B. Braun Melsungen Ag, Conmed Corporation, Microline SurgicalInc., Zimmer Biomet HoldingsInc., Aesculap Inc., Koninklijke Philips NV, F. Hoffmann-La Roche AG, Cardinal Health inc., Baxter International Inc., Danaher Corporation, KARL STORZ SE & Co. KG, Richard Wolf GmbH, Cook Medical, Intuitive Surgical Inc., Smiths Medical, Teleflex Incorporated, Terumo Corporation, Merit Medical Systems, AngioDynamics, MicroPort Scientific Corporation, Lumenis

Which Regions Are Leading the Global Minimal Invasive Surgery Devices Market in Revenue?
The countries covered in the minimal invasive surgery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

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