Minimally Invasive Surgery Market: Major Trends Reshaping the Future of the Industry

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What Will the Minimally Invasive Surgery Industry Market Size Be by 2025?
The market size for minimally invasive surgery has seen robust growth in the recent past. Its anticipated size will rise from $63.82 billion in 2024 to $69.7 billion in 2025, marking a compound annual growth rate (CAGR) of 9.2%. Factors contributing to the growth during the historical period include increased patient awareness, reduction in hospital stays, decreased risk of infection, enhanced surgeon training and proficiency, and the prevalence of chronic diseases.

What's the Long-Term Growth Forecast for the Minimally Invasive Surgery Market Size Through 2029?
The market size for minimally invasive surgery is predicted to witness significant enhancement in the near future, reaching a total value of $99.64 billion by the year 2029, while maintaining a compound annual growth rate (CAGR) of 9.3%. Several factors contributing to this expansion in the forecast period are government policies, the rise of an older population, the implementation of remote surgeries, decreased risk of infections, and a strong focus on patient-centric care. Some of the major developments expected to shape the forecast period include the use of virtual reality (VR) for training, surgeries steered by artificial intelligence (AI), the adoption of nanotechnology and 3D printing, and the emphasis on data security.

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What Are the Key Growth Drivers Fueling the Minimally Invasive Surgery Market Expansion?
The escalation in the occurrence of chronic diseases is projected to drive the demand for the minimally invasive surgery market. Chronic diseases are enduring illnesses that often cannot be cured, though occasionally are manageable and treatable. The shift in lifestyle, diet, and lack of weight management are causes for chronic conditions; additionally, some protracted chronic diseases may result in the risk of cancer. As the exposure to these diseases increases, the necessity for minimally invasive surgery for patients emerges. Benefits for patients include less post-operative discomfort, reduced complications, decreased length of hospital stays, expedited recovery periods, minimal scarring, and lower stress on the immune system. For example, in January 2023, a report by the National Library of Medicine, a US agency, predicted that the population of individuals aged 50 and older with one or more chronic diseases will surge by 99.5%. The number is expected to hit 142.66 million by 2050, a rise from 71.522 million in 2020 in the US. Therefore, the rise in chronic disease prevalence is contributing to the growth of the minimally invasive surgery market.

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What Are the Key Trends Driving Minimally Invasive Surgery Market Growth?
Leading firms in the minimally invasive surgery market are innovating and producing technologically superior products like navigation systems, to increase surgical accuracy, ensure patient safety, and minimize recovery periods. A navigation system is a technologically-advanced tool used to identify one's location and provide guidance to a specified destination through the utilization of maps, sensors, and satellite-dependent tools such as GPS. For example, Orthofix Medical Inc., an American medical device firm, introduced the 7D FLASH Navigation System Percutaneous Module 2.0 for minimally invasive surgery in August 2023. This introduction broadens the clinical usage and efficiency of the 7D FLASH Navigation System, providing surgeons with a comprehensive tool for minimally invasive surgeries (MIS). This includes planning for implants and a wider range of navigated tools. This novel innovation aims to capture the vital MIS spine navigation market while solidifying the 7D FLASH Navigation System's preference among various institutions, from educational hospitals to ambulatory surgery centers.

How Is the Minimally Invasive Surgery Market Segmented?
The minimally invasive surgery market covered in this report is segmented -

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

Subsegments:
1) By Handheld Instruments: Scissors, Graspers, Forceps, Needle Holders
2) By Inflation Devices: Insufflators, Inflation Pumps
3) By Cutter Instruments: Blades, Snares, Biopsy Instruments
4) By Guiding Devices: Trocar And Cannula Systems, Guidewires
5) By Electrosurgical Devices: Electrosurgical Generators, Electrosurgical Pencils
6) By Auxiliary Devices: Suction Devices, Energy Devices
7) By Monitoring And Visualization Devices: Endoscopes, Cameras, Monitors And Display Systems

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Which Companies Are Leading the Charge in Minimally Invasive Surgery Market Innovation?
Major companies operating in the minimally invasive surgery market include 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, 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

Which Regions Are Leading the Global Minimally Invasive Surgery Market in Revenue?
North America was the largest region in the minimally invasive surgery market in 2024. The regions covered in the minimally invasive surgery market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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