The Business Research Company’s report on the Minimally Invasive Surgery Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the minimally invasive surgery market further?
The increase in prevalence of chronic diseases is expected to propel the demand for minimally invasive surgery market. Chronic diseases are long-lasting sickness that often cannot be healed; however it is occasionally curable and controllable. The changing lifestyle, eating habits, and not maintaining body weight are the reason for chronic conditions; a few more prolonged chronic infections lead to cancerous risk. Growing exposure to this disease arises the need for minimally invasive surgery for patient that includes patients benefit from less post – operative pain, fewer complications, a shorter hospital stay, faster recovery times, less scarring, and lesser stress to immune system.For instance, in January 2023, according to a report published by the National Library of Medicine, a US-based agency, the number of individuals aged 50 years and older having one or more chronic illnesses is projected to rise by 99.5%, reaching 142.66 million by 2050, up from 71.522 million in 2020 in the United States. Therefore, increasing prevalence of chronic diseases is driving the growth of minimally invasive surgery market.
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What are the key factors influencing the forecasted market size of the minimally invasive surgery industry?
The minimally invasive surgery market size has grown strongly in recent years. It will grow from $63.82 billion in 2024 to $69.89 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to patient awareness, reduced hospital stay, lower infection risk, surgeon training and proficiency, chronic disease prevalence.
The minimally invasive surgery market size is expected to see strong growth in the next few years. It will grow to $100.45 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to government initiatives, aging population, remote surgery, lower infection risk, patient-centric care. Major trends in the forecast period include virtual reality (vr) training, artificial intelligence (ai)-assisted surgery, nanotechnology, 3D printing, data security.
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Who are the leading competitors 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
Which emerging trends are set to transform the minimally invasive surgery market landscape?
Major companies operating in the minimally invasive surgery market are developing technologically advanced products, such as navigation systems, to improve surgical precision, enhance patient safety, and reduce recovery times. A navigation system is a technology that determines a vehicle’s or individual’s position and guides them to a desired destination using maps, sensors, and satellite-based tools like GPS. For instance, in August 2023, Orthofix Medical Inc., a US-based medical device company, launched the 7D FLASH Navigation System Percutaneous Module 2.0 for minimally invasive surgery. This launch enhances the clinical capabilities and utility of the 7D FLASH Navigation System by offering surgeons a fully integrated solution for minimally invasive surgery (MIS), including implant planning and a broader selection of navigated tools. The new application targets the critical MIS spine navigation market and strengthens the 7D FLASH Navigation System’s appeal as the preferred choice for a variety of institutions, from teaching hospitals to ambulatory surgery centers.
How do different geographies compare in terms of market share and growth potential 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.
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Minimally Invasive Surgery Market Top Players, Drivers Report 2034
Which major segments of the minimally invasive surgery market are experiencing the fastest growth?
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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Minimally Invasive Surgery Market Top Players, Drivers Report 2034
What defines the structure and scope of the minimally invasive surgery market?
Minimally invasive surgery refers to operating on the body with less damage than open surgery. The surgeon uses small tools, cameras, and lights that fit through several tiny cuts in your skin during minimally invasive surgery. These kinds of surgery primarily aim to reduce postoperative pain and blood loss, accelerate recovery, and reduce scarring.
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