Global Minimally Invasive Surgery global market 2024, Forecast To 2033
6 Feb, 2024
The minimally invasive surgery market has exhibited robust growth, escalating from $57.7 billion in 2023 to $63.41 billion in 2024, achieving a compound annual growth rate (CAGR) of 9.9%. The surge in the historic period is attributed to factors such as heightened patient awareness, reduced hospital stay, a lower risk of infection, advancements in surgeon training and proficiency, and the increasing prevalence of chronic diseases. The market is anticipated to continue its strong growth trajectory, reaching $90.72 billion in 2028, with a CAGR of 9.4%. The projected growth is linked to government initiatives, the aging population, the expansion of remote surgery capabilities, a sustained focus on lowering infection risks, and the adoption of patient-centric care. Major trends in the forecast period encompass virtual reality (VR) training, artificial intelligence (AI)-assisted surgery, nanotechnology, 3D printing, and enhanced data security.
Global Minimally Invasive Surgery Market Key Driver
The minimally invasive surgery market is experiencing growth due to the rising prevalence of chronic diseases. As chronic illnesses increase, there is a growing need for minimally invasive surgery, offering benefits like less post-operative pain and faster recovery times. According to the National Library of Medicine, individuals aged 50 years and older with chronic illnesses are projected to reach 142.66 million by 2050, driving the growth of the minimally invasive surgery market.
Get A Free Sample Of The Global Minimally Invasive Surgery Market ReportGlobal Minimally Invasive Surgery Market Segments
The global 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
By Geography: The regions covered in the Minimally Invasive Surgery market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the minimally invasive surgery market in 2023. 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.
Major Minimally Invasive Surgery Industry Players
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, Circle Health Ltd., 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
Get The Full Global Minimally Invasive Surgery Market ReportMinimally Invasive Surgery Market Overview
Minimally invasive surgery refers to operating on the body with less damage than open surgery. The surgeon uses small tools, cameras, and lights that fit through several tiny cuts in your skin during minimally invasive surgery. These kinds of surgery primarily aim to reduce postoperative pain and blood loss, accelerate recovery, and reduce scarring.
Minimally Invasive Surgery Global Market Report 2023 provides data on the global minimally invasive surgery market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The minimally invasive surgery market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.