Overview and Scope
Minimally invasive surgical instruments are used to perform less traumatic surgeries for patients. Minimally invasive surgery is performed by using small incisions (cuts) and a few stitches. During the surgery, one or more small incisions are made in the body, and in order to guide the surgery, a laparoscope (thin, tube-like equipment with a light and a lens for seeing) is introduced through one of the openings. Minimally invasive surgery results in less discomfort, scarring, and tissue damage, as well as a faster recovery time than traditional surgery.
Sizing and Forecast
The minimally invasive surgical instruments market size has grown rapidly in recent years. It will grow from <b>$36.6 billion in 2023 to $40.42 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. </b> The growth in the historic period can be attributed to aging population, surge in chronic diseases, rising r&d investment in the healthcare sector, improved healthcare infrastructure, rise in medical tourism.
The minimally invasive surgical instruments market size is expected to see strong growth in the next few years. It will grow to <b>$59.17 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. </b> The growth in the forecast period can be attributed to increasing surgical volume, growing healthcare expenditure, rising disposable income, demand for shorter hospital stays. Major trends in the forecast period include robotics and ai integration, personalized surgical instruments, sustainable and eco-friendly instruments, cross-disciplinary collaborations.
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Segmentation & Regional Insights
The minimally invasive surgical instruments market market covered in this report is segmented –
1) By Product: Handheld Instruments, Inflation Systems, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Instruments
2) Type of Procedure Outlook: Robotic, Non- Robotic
3) By Application: Cardiothoracic Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Gynecological Surgery, Cosmetic & Bariatric Surgery, Vascular Surgery, Urological Surgery
4) By End User: Hospitals, Ambulatory Surgical Clinics, Research Institutes
<b>North America</b> was the largest region in the minimally invasive surgical instruments market in 2023. <b>Asia-Pacific</b> is expected to be the fastest growing region in the minimally invasive surgical instruments market. The regions covered in the minimally invasive surgical instruments market market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rise in the number of surgical procedures is expected to propel the growth of the minimally invasive surgical instruments market. Medical practitioners prefer minimally invasive surgery over open surgery as they cause less harm and pain to the human body. Minimally invasive surgery is commonly used in adrenalectomy, brain surgery, heart surgery, kidney transplant, spine surgery, and plastic and cosmetic surgery. For instance, in April 2022, according to the Aesthetic Society, a US-based plastic and cosmetic surgery organization, the average plastic surgeon conducted 320 surgical operations, up from 220 surgical treatments in 2020. Moreover, the number of surgical procedures for plastic and cosmetic surgery increased by 54% in 2021. Therefore, the increase in the number of minimally invasive surgical instruments market is driving the growth of the minimally invasive surgical instruments market.
Key Industry Players
Major companies operating in the minimally invasive surgical instruments market market include <b> Abbott Laboratories Inc., Aesculap Inc., AMNOTEC International Medical GmbH, Applied Medical Resources Corporation, B. Braun Melsungen AG, Becton Dickinson and Company, Boston Scientific Corporation, CONMED Corporation, EndoMed Systems GmbH, FUJIFILM Holdings Corporation, HOYA Corporation, Intuitive Surgical Inc., KARL STORZ SE & Co. KG, KLS Martin Group, Koninklijke Philips N.V, Microline Surgical Corp., NuVasive Inc., Olympus Corporation, Scanlan International Inc., Smith & Nephew plc, Ethicon Inc., GE Healthcare Technologies Ltd., Medtronic Inc., Johnson & Johnson Services Ltd., Stryker Corporation, Cooper Companies Inc., Applied Medical Technology Inc., Richard Wolf GmbH, Zimmer Biomet Holdings Inc., Siemens Healthineers AG </b>
The minimally invasive surgical instruments market report table of contents includes:
1. Executive Summary
2. Minimally Invasive Surgical Instruments Market Characteristics
3. Minimally Invasive Surgical Instruments Market Trends And Strategies
4. Minimally Invasive Surgical Instruments Market – Macro Economic Scenario
5. Global Minimally Invasive Surgical Instruments Market Size and Growth
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31. Global Minimally Invasive Surgical Instruments Market Competitive Benchmarking
32. Global Minimally Invasive Surgical Instruments Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Minimally Invasive Surgical Instruments Market
34. Minimally Invasive Surgical Instruments Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Abbott Laboratories Inc.
AMNOTEC International Medical GmbH
Applied Medical Resources Corporation
B. Braun Melsungen AG
Boston Scientific Corporation
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