Overview and Scope
Minimally invasive and non-invasive products and services refer to medical devices and therapeutics that don’t enter the body, and such procedures do not use instruments that directly penetrate the body or breach the skin. These products and services are used to make several surgeries dramatically safer and more tolerable.
Sizing and Forecast
The minimally invasive and non invasive 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 non invasive 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..
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Segmentation & Regional Insights
The minimally invasive and non invasive 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
North America was the largest region in the minimally invasive and non invasive product and service market in 2023. The regions covered in the minimally invasive and non invasive product and service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the minimally invasive and non invasive product and service market report are Medtronic PLC, Integra LifeSciences Corporation, NuVasive Inc., Olympus Corporation, Smith & Nephew PLC, Stryker Corporation, Teleflex Incorporated, Boston Scientific Corporation, CONMED Corporation, Surgical Innovations Group PLC, Clarus Medical LLC, Intuitive Surgical Inc., Fujifilm Holdings Corporation, Zimmer Biomet Holdings Inc., B. Braun Holding GmbH & Co. KG, Alphatec Holdings Inc., Auris Health Inc., CooperSurgical Inc., HOYA Corporation, GE Healthcare, Siemens Healthineers, Abbott Laboratories, Koninklijke Philips N.V., Praxis Medical Devices, ATEC Spine, Progressive Medical, PQ Bypass, Terumo Medical Corporation, Nexter Medical SAS, Cook Medical Inc., Johnson & Johnson Inc., Coloplast A/S, AtriCure Inc. .
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. 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
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31. Global Minimally Invasive And Non Invasive Product And Service Market Competitive Benchmarking
32. Global Minimally Invasive And Non Invasive Product And Service Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Minimally Invasive And Non Invasive Product And Service Market
34. Minimally Invasive And Non Invasive Product And Service Market Future Outlook and Potential Analysis
35. Appendix
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