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 share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Contact Minimally Invasive Surgery Market?
|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|
What is Minimally Invasive Surgery?
Minimally invasive surgery involves a technique that restricts the size and quantity of cuts and incisions necessary for the surgical procedure. It employs small instruments, cameras, and lights that are introduced into the body through small incisions. As compared to conventional invasive surgery, the objective of this procedure is to minimize tissue damage and is linked to improved accuracy, decreased blood loss, faster recovery, and shorter hospital stays. Consequently, minimally invasive surgery finds extensive applications across the globe for the treatment of several health conditions, such as spinal, orthopedic, gastrointestinal, cardiothoracic, cardiovascular, neurological, etc.
What are the Growth Prospects and Trends in the Minimally Invasive Surgery Industry?
The primary factor driving the minimally invasive surgery market is the escalating incidence of chronic and lifestyle diseases, including cancer and obesity, owing to reduced physical activity and changing dietary preferences. Additionally, the rising health consciousness among individuals that have led to higher adoption rates of various weight loss surgical procedures, such as bariatric surgery and gastric banding, performed using minimally invasive techniques, is acting as another significant growth-inducing factor. Apart from this, the expanding geriatric population, which is highly susceptible to cardiac and orthopedic complications, is further fueling the market growth. Moreover, the elevating focus of leading market players in research and development (R&D) to facilitate technological advancements in the field of surgery and the launch of robotic technology-enabled minimally invasive surgeries have led to enhanced success rates and precision are also positively influencing the global market. In line with this, the introduction of the innovative da Vinci surgical system capable of offering superior outcomes by facilitating a 3D high-definition view of the surgical area is expected to bolster the minimally invasive surgery market over the forecasted period.
Advancements in Medical Technology Driving Growth:
The minimally invasive surgery market is experiencing significant growth driven by continuous advancements in medical technology. Minimally invasive surgical techniques, such as laparoscopy and robotic-assisted procedures, offer patients reduced pain, shorter recovery times, and smaller incisions compared to traditional open surgeries. These innovations have not only improved patient outcomes and experiences but also expanded the range of procedures that can be performed minimally invasively.
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
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
- Eximis Surgical
- Stryker Corporation
- Arthrex, B. Braun
- Bauer Medical
- Cook Medical
- OmniGuide, Inc.
- Orthofix Holdings,Inc
- Philips Healthcare
- RF System
- Smith & Nephew
- 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
Based on Application:
- Bariatric Surgery
- Breast Surgery
- Cardiac Surgery
- Cosmetic Surgery
- Gastrointestinal Surgery
- Gynaecological Surgery
- Orthopedics and Spine Surgery
- Thoracic Surgery
Analysed by End-User:
- North America
- 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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