What Has Been The Evolution of the Minimally Invasive Surgery Market in Recent Years?
The minimally invasive surgery market has seen considerable growth due to a variety of factors.
• The market size of minimally invasive surgeries has seen substantial growth in the past few years. The market is set to expand from $63.82 billion in 2024 to $69.89 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%.
Factors such as patient awareness, decreased duration of hospitalization, reduced risk of infection, surgeon skill development, and the prevalence of chronic diseases contributed to the growth during the historical period.
What Is the Forecasted Market Size and Growth Rate for The Minimally Invasive Surgery Market?
The minimally invasive surgery market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of minimally invasive surgery is anticipated to witness robust expansion in the forthcoming years, reaching a size of $100.45 billion in 2029 with a compound annual growth rate (CAGR) of 9.5%.
Factors such as government endeavours, an aging demographic, the advent of remote surgery, reduced risk of infection, and a focus on patient-centered healthcare are the key growth drivers for this forecast period. Foreseen trends during this period include advancements in virtual reality training, AI-backed surgeries, nanotechnology, 3D printing and the challenge of data security.
What Factors Are Driving Growth In The Minimally Invasive Surgery Market?
The escalating occurrence of persistent illnesses is projected to drive the demand for the minimally invasive surgery market. These persisting conditions are enduring diseases that are often incurable, but they can sometimes be treated and managed. Factors contributing to chronic illnesses include a change in lifestyle, dietary habits, and lack of weight management, and some long-term chronic infections risk leading to cancer. The rising prevalence of these diseases requires minimally invasive surgery, providing patients with advantages like reduced postoperative discomfort, fewer complications, shorter hospital stays, quicker healing, lesser scarring, and reduced strain on the immune system. For instance, a report published by the National Library of Medicine in January 2023, a US-based agency, forecasts the number of people aged 50 and older with one or more chronic illnesses to escalate by 99.5%, hitting 142.66 million by 2050, an increase from 71.522 million in 2020 in the United States. Hence, the escalating occurrence of persistent illnesses is fueling the expansion of the minimally invasive surgery market.
What Are The Main Segments Of The Global Minimally Invasive Surgery Market?
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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What Emerging Trends Are Influencing The Growth Of The Minimally Invasive Surgery Market?
Leading corporations in the minimally invasive surgery sector are focusing on the creation of technologically superior products such as navigational systems. These developments aim to improve surgical accuracy, augment patient safety, and minimize recuperation periods. Navigation systems use maps, sensors, and satellite-dependent tools like GPS to ascertain the position of an individual or vehicle and steer them in the direction of their desired destination. For example, in August 2023, Orthofix Medical Inc., a medical device firm based in the US, unveiled the 7D FLASH Navigation System Percutaneous Module 2.0 intended for minimally invasive surgery. This introduction bolsters the clinical functionality and versatility of the 7D FLASH Navigation System by providing surgeons with a fully consolidated solution for minimally invasive surgery. This includes implant design and a more expansive array of navigated tools. The new application is directed at the crucial MIS spine navigation market and amplifies the appeal of the 7D FLASH Navigation System. It is seen as a top choice for diverse facilities, from educational hospitals to ambulatory surgical centers.
Who Are the Key Players in the Minimally Invasive Surgery Market?
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
What Is The Most Dominant Region In The Minimally Invasive Surgery Market?
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.
