Minimally Invasive Surgery Market by Type (Cardiovascular Surgery, Cosmetic Surgery, Gastrointestinal Surgery), Technology (Endoscopic Surgery, Laparoscopy, Laser & Microsurgery), End Users - Global Forecast 2024-2030

Minimally Invasive Surgery Market by Type (Cardiovascular Surgery, Cosmetic Surgery, Gastrointestinal Surgery), Technology (Endoscopic Surgery, Laparoscopy, Laser & Microsurgery), End Users - Global Forecast 2024-2030

The Minimally Invasive Surgery Market size was estimated at USD 71.96 billion in 2023 and expected to reach USD 81.21 billion in 2024, at a CAGR 13.28% to reach USD 172.37 billion by 2030.

Minimally invasive surgery is a surgical intervention that is performed through tiny incisions instead of large openings. This approach utilizes specialized instruments and a camera to guide the surgery, making it possible for patients to experience less pain, reduced scarring, and a quicker patient recovery time compared to traditional open surgery. There is a growing preference among patients for surgeries that cause minimal disruption to their bodies and lives, driving the adoption of minimally invasive techniques. Minimally invasive surgeries often result in shorter hospital stays and quicker recoveries, which can significantly reduce healthcare costs for patients and insurance providers. Government initiatives to improve the accessibility of patients for surgical interventions and lower the cost of medical services have led to the growing adoption of minimally invasive surgeries. However, the intricate design and operation of minimally invasive surgical tools require significant training and skill, which can pose a challenge in their widespread adoption. The risk of infection, health risks, and complexities associated with insurance coverage can hamper the adoption of minimally invasive surgeries and instruments. Continued advancements in robotic surgery are expected to enhance precision and flexibility during operations, making minimally invasive procedures accessible for a wider range of conditions and also improving the safety and efficiency of surgical interventions. Increased focus on training healthcare professionals in minimally invasive techniques can reduce the skill gap, improving surgical outcomes. The integration of surgical data with digital health records could greatly improve post-surgery monitoring and personalized patient care, maximizing the benefits of minimally invasive procedures.

Regional Insights

The Americas region, particularly the United States and Canada, is at the forefront in adopting the latest minimally invasive surgical technologies due to their well-established healthcare infrastructure, high patient awareness, and significant healthcare spending. The consumer need is largely driven by the desire for quicker recovery times and less invasive treatment options. The region experiences continuous investment in research, leading to a robust pipeline of innovations and patents designed to make surgeries more precise and less traumatic. Recent initiatives include the integration of robotics and artificial intelligence (AI) to further refine surgical outcomes. Europe represents a mature landscape for minimally invasive surgery, prompted by both the growing aging population and the region's commitment to high-quality healthcare standards. Government and private funding in healthcare research are substantial, focusing on enhancing surgical tools and methodologies. Moreover, the presence of stringent regulations pertaining to the development, efficiency, safety, and reliability of medical equipment and devices has created a standardized framework for minimally invasive surgical equipment and solutions, creating a ripe landscape for the development of safe medical products. The APAC region is witnessing a significant surge in the need for minimally invasive surgery solutions, attributed to rising healthcare expenditures, growing middle-class populations, and an increasing number of hospitals. In China and India, government initiatives aimed at enhancing healthcare services and increasing foreign investments in the medical sector provide a considerable push. Japan, known for its technological advancements, is a key innovator in developing surgical robotics. Patient preference for cost-effective and affordable surgical interventions and government support for improving public health has created a conducive landscape for the adoption of minimally invasive surgery solutions.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Minimally Invasive Surgery Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Patient preference for reducing the duration of hospital stays
Expansion of surgical centers, hospitals, and clinics across the world
Government initiatives to improve the accessibility of healthcare services and provide surgical solutions at lower cost

Market Restraints

Complexities of handling surgical equipment and performing minimally invasive surgeries

Market Opportunities

Ongoing advancements and research initiatives to develop advanced minimally invasive surgical solutions and equipment
Regulatory approvals supporting the proliferation of minimally invasive surgical devices and systems

Market Challenges

Risk of infection and need for frequent maintenance of surgical equipment

Market Segmentation Analysis

Type: Adoption of minimally invasive surgeries for orthopedic procedures to ensure less pain, quicker recovery, and minimal scarring
End Users: Expansion of hospitals across the world owing to their capacity to provide immediate, comprehensive post-operative care

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Minimally Invasive Surgery Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Minimally Invasive Surgery Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Stryker Introduces Advanced PROstep MIS Lapidus System for Bunion Correction

Stryker, a global player in medical technologies, has unveiled the PROstep MIS Lapidus, an innovative solution designed for the minimally invasive correction of bunions. This internal fixation system offers a new approach to the surgical treatment of hallux valgus deformities through a less invasive fusion process of the first metatarsal cuneiform joint. By providing a method that prioritizes minimal invasiveness, the PROstep MIS Lapidus system aims to enhance patient outcomes and reduce recovery times.

Innovative Minimally Invasive Solution for Hammertoe Deformities: Forma Medical's OptimalHT

Forma Medical introduced OptimalHT, marking a novel development in the field of minimally invasive surgery with an instrumented procedure specifically designed for hammertoe arthrodesis. The procedure has secured FDA approval, representing a significant advancement in offering patients a less invasive and highly effective treatment option for hammertoe correction.

Orthofix Unveils Enhanced Navigation System for Minimally Invasive Spine Surgery

Orthofix Medical announced the release of its updated 7D flash navigation system percutaneous module 2.0 in the United States. This latest version introduces innovative planning capabilities and expanded functionalities designed to enhance precision and efficiency in minimally invasive spine surgeries. This advancement underscores Orthofix's commitment to improving surgical outcomes with advanced, modern technology, offering compelling solutions for spine health professionals and their patients.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Minimally Invasive Surgery Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Minimally Invasive Surgery Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Arthrex, Inc., B. Braun SE, Boston Scientific Corporation, Conmed Corporation, Cook Group Incorporated by The Cooper Companies, Inc., Danaher Corporation, FUJIFILM Corporation, GE HealthCare Technologies Inc., Getinge AB, Hoya Corporation, Intuitive Surgical, Inc., Johnson & Johnson Services, Inc., Karl Storz SE & Co. KG, Koninklijke Philips N.V., Livanova PLC, Medtronic plc, Olympus Corporation, Richard Wolf GmbH, Siemens Healthineers, Smith & Nephew plc, Stryker Corporation, Synaptive Medical Inc., Teleflex Incorporated, and Zimmer Biomet Holdings, Inc..

Market Segmentation & Coverage

This research report categorizes the Minimally Invasive Surgery Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Cardiovascular Surgery
Cosmetic Surgery
Gastrointestinal Surgery
Gynecological Surgery
Orthopedic Surgery
Urological Surgery
Technology
Endoscopic Surgery
Laparoscopy
Laser & Microsurgery
Robotic Surgery
End Users
Ambulatory Surgical Centers
Hospitals
Specialty Clinics
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year