IMARC Group, a leading market research company, has recently releases report titled “Minimally Invasive Surgery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global minimally invasive surgery market size, share trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Contact Minimally Invasive Surgery Market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 49.5 Billion |
| Market Forecast in 2028 | US$ 73.8 Billion |
| Growth rate (2023 to 2028) | CAGR of 6.6% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is Minimally Invasive Surgery?
Minimally invasive surgery represents a procedure that generally utilizes surgical techniques that limit the size and number of cuts or incisions during an operation with the help of small tools, cameras, and lights. This procedure is much safer in nature as compared to traditional open surgery, as it results in quicker recovery, minimal blood loss, fewer complications, shorter hospital stays, etc. As a result, these surgeries are gaining extensive traction amongst surgeons as well as patients across the globe. In line with this, they are commonly used for cardiothoracic, orthopedic, vascular, and neurological surgical procedures.
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What are the Growth Prospects and Trends in the Minimally Invasive Surgery Industry?
The growing prevalence of lifestyle and chronic diseases, such as cancer and obesity, owing to a lack of physical activities and the changing dietary preferences of individuals, is primarily driving the minimally invasive surgery market. Additionally, the expanding geriatric population and the rising number of physician-owned ambulatory surgical centers (ASCs) are further catalyzing the market growth. Besides this, the increasing consumer health consciousness has led to the widespread adoption of numerous weight loss surgical procedures, such as bariatric surgery and gastric banding, which is acting as another significant growth-inducing factor. Moreover, the development of advanced techniques, including the da Vinci surgical system, that offer improved outcomes by using a 3D (three-dimensional) high-definition view of the surgical area is positively influencing the global market. Apart from this, the introduction of narrow-band imaging endoscopes and HD cameras is also propelling the market growth. Furthermore, extensive investments in R&D activities are anticipated to fuel the minimally invasive surgery market over the forecasted period.
Who are the Key Players Operating in the Minimally Invasive Surgery Industry?
The report has also analysed the competitive landscape of the market with some of the key players.
- Zimmer Biomet Inc.
- Medtronic Inc.
- GE Healthcare
- Intuitive
- Eximis Surgical
- Stryker Corporation
- Arthrex, B. Braun
- Bauer Medical
- Check-Cap
- Cook Medical
- OmniGuide, Inc.
- Orthofix Holdings,Inc
- Pentax
- Philips Healthcare
- RF System
- Smith & Nephew
- TransEnterix
- Virtual Ports
What is Included in Market Segmentation?
The report has categorized the market based on product type, application and end-user.
Breakup by Product Type:
- Surgical Devices
- Laparoscopy Devices
- Monitoring and Visualization Devices
Breakup by Application:
- Bariatric Surgery
- Breast Surgery
- Cardiac Surgery
- Cosmetic Surgery
- Gastrointestinal Surgery
- Gynaecological Surgery
- Orthopedics and Spine Surgery
- Thoracic Surgery
- Others
Breakup by End-User:
- Hospitals
- Clinics
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2023)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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