What is the current market size and future outlook for the minimal invasive surgery devices market?
The minimal invasive surgery devices market size has grown strongly in recent years. It will grow from $34.17 billion in 2024 to $36.61 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to rising prevalence of chronic diseases, growing geriatric population, rising prevalence of obesity, growing demand for natural orifice transluminal endoscopic surgery.
The minimal invasive surgery devices market size is expected to see strong growth in the next few years. It will grow to $46.14 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to global expansion of healthcare, growing trend of patient-centric care, patient demand for less invasive procedures, surgeon training and experience. Major trends in the forecast period include robotics and AI integration, remote surgery and telesurgery, single-incision surgery, natural orifice surgery, 3d printing and custom devices.
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How has the minimal invasive surgery devices market evolved, and what factors have shaped its growth?
The increasing awareness for minimally invasive surgeries among people is driving the minimally invasive surgery devices market. The minimally invasive surgeries require less/tiny cuts in the skin as compared to traditional surgical methods and aid in lesser pain, short hospital stay, less scarring, minimized chances of bleeding and infections, and low tissue damage. For instance, in August 2023, according to The Aesthetic Society, a US-based organization of plastic surgery and cosmetic medicine, Americans spent more than $11.8 billion on minimally invasive surgical procedures procedures overall, up 2% from the previous year. Thus, the growing demand for minimally invasive surgery (MIS) will increase the demand for the minimally invasive surgical devices market.
What are the major segments of the minimal invasive surgery devices market?
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 dominate the minimal invasive surgery devices market?
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
How will evolving trends contribute to the growth of the minimal invasive surgery devices market?
The rising trade barriers are expected to have a negative impact on the minimally invasive surgery devices market growth. Many countries placed trade restrictions, especially on imports, to boost local production. For instance, in December 2023, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization global trade in goods is projected to decrease by nearly $2 trillion in 2023. These trade restrictions are likely to limit the growth of demand going forward by leading to raised prices.
How do regional factors impact the minimal invasive surgery devices market, and which region is the largest contributor?
North America was the largest region in the minimally invasive surgery devices market in 2024. Western Europe was the second-largest region in the global minimally invasive surgery devices market analysis. The regions covered in the minimal invasive surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Minimal Invasive Surgery Devices Market Report 2025 Offer?
The minimal invasive surgery devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Minimally invasive surgery devices are surgical tools that require fewer incisions of a smaller size or have a quicker healing process. A minimally invasive medical device is implanted inside the patient during surgery.
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