The Minimally Invasive And Non Invasive Product And Service by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Minimally Invasive And Non Invasive Product And Service, The minimally invasive and noninvasive product and service market size has grown strongly in recent years. It will grow from $134.5 billion in 2023 to $144.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to early adopter influence, industry collaboration and research, regulatory changes and approvals, evolving patient expectations.
The minimally invasive and noninvasive product and service market size is expected to see strong growth in the next few years. It will grow to $190.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rising healthcare costs, consumer preference shifts, regulatory changes and approvals, training and education, market consolidation and competition. Major trends in the forecast period include rise in cosmetic and aesthetic procedures, personalized medicine, focus on outpatient services, expanded applications, integration of ai and robotics.
The rising geriatric population is expected to propel the growth of the minimally invasive and non-invasive product and service market going forward. The geriatric population refers to a group of older people whose age is 65 or above and who are retired from work. With the progression of age, the growing geriatric population results in an increased demand for non-invasive products and surgeries that include hearing aids and external splints. For instance, in October 2022, according to the World Health Organization, a Switzerland-based international public health organization, the global population of individuals aged 60 years is projected to increase to 1.4 billion by 2022 compared to 1 billion in 2020. Moreover, 1 out of 6 people in the world will be aged more than 60 years or older by 2030. Therefore, the rising geriatric population is driving the growth of the minimally invasive and non-invasive product and service market.
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The minimally invasive and non nvasive product and service market covered in this report is segmented –
1) By Type: Surgical Devices, Electrosurgical Devices, Imaging Devices, Robotic Systems, Other types
2) By Technology: Non-visual imaging, Transcatheter surgery, Laparoscopic surgery
3) By Application: Cardio Thoracic Surgery, Vascular Surgery, Neurological Surgery, Cosmetic Surgery, Gastrointestinal Surgery, Dental Surgery
4) By End-user: Hospital Surgical departments, Outpatient surgical centers, Group practices, Individual surgeons, Medical schools, Other End-users
Top Major Players:
- Medtronic PLC
- Integra LifeSciences Corporation
- NuVasive Inc.
- Olympus Corporation
- Smith & Nephew PLC
North America was the largest region in the minimally invasive and non invasive product and service market in 2023.
The introduction of new technologies in surgeries is a key trend gaining popularity in the minimally invasive and non-invasive product and service market. Major market players are concentrating their efforts on innovative technologies to sustain their position in the market. For instance, in September 2021, Acclarent, a US-based medical device company and a developer of minimally-invasive ear, nose, and throat (ENT) technologies, launched TruDi, the first ENT navigation technology powered by artificial intelligence. It is created to make surgical planning simpler and offer immediate feedback during ENT navigation procedures. With the help of a machine learning algorithm, the new software package, which includes TruSeg and TruPath for use with the TruDi Navigation System, offers accurate and effective image-guided preoperative planning and navigation for ENT operations, including endoscopic sinus surgery. An important step in the development of image-guided ENT and skull base procedures has been made with the introduction of this AI-powered program for TruDi.
The minimally invasive and non invasive product and service market report table of contents includes:
1. Executive Summary
2. Minimally Invasive And Non Invasive Product And Service Market Characteristics
3. Global Minimally Invasive And Non Invasive Product And Service Market Trends And Strategies
4. Minimally Invasive And Non Invasive Product And Service Market – Macro Economic Scenario
5. Global Minimally Invasive And Non Invasive Product And Service Market Size and Growth
…….
26. Global Minimally Invasive And Non Invasive Product And Service Market Competitive Benchmarking
27. Global Minimally Invasive And Non Invasive Product And Service Market Competitive Dashboard
28. Key Mergers and Acquisitions In Minimally Invasive And Non Invasive Product And Service Market
29. Minimally Invasive And Non Invasive Product And Service Market Future Outlook and Potential Analysis
30. Appendix
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