Global Minimally Invasive Surgery Market Report and Forecast 2023-2031

Global Minimally Invasive Surgery Market Report and Forecast 2023-2031

Global Minimally Invasive Surgery Market Outlook:

The global minimally invasive surgery market value was USD 43.5 billion in 2022, driven by the increasing technological advancements in surgical instruments and imaging systems across the globe. The market size is anticipated to grow at a CAGR of 6.7% during the forecast period of 2023-2031 to achieve a value of USD 77.8 billion by 2031.

Introduction

Minimally invasive surgery (MIS), also known as minimally invasive procedures or keyhole surgery, is a surgical technique that involves making small incisions in the body to perform surgical procedures with the assistance of specialized instruments and advanced imaging technologies. This approach aims to minimize trauma to the body, reduce post-operative pain, shorten recovery time, and enhance patient outcomes compared to traditional open surgery.

Key Trends in the Minimally Invasive Surgery Market

Some key trends involved in the minimally invasive surgery market are as follows:

Advancements in Surgical Instruments and Technologies: The field of minimally invasive surgery continues to witness advancements in surgical instruments, tools, and technologies. These innovations enable surgeons to perform complex procedures with greater precision and accuracy. Examples include robotic-assisted surgical systems, laparoscopic instruments with improved dexterity, and high-definition imaging systems.
Increasing Adoption of Robotic Surgery: Robotic-assisted surgery has gained significant popularity in recent years. Robotic surgical systems provide surgeons with enhanced visualization, improved dexterity, and greater control during procedures. They enable complex and delicate surgeries to be performed with minimal invasiveness, leading to reduced complications and faster recovery times.
Expansion of Indications: Initially, minimally invasive surgery was primarily used for simple procedures. However, advancements in technology and surgical techniques have expanded the scope of MIS to more complex surgeries across various medical specialties, including gynecology, urology, orthopedics, and cardiovascular surgery. This trend is driven by the growing evidence of the benefits of MIS, including reduced hospital stays, decreased post-operative pain, and faster return to normal activities.
Growing Demand for Outpatient Procedures: Minimally invasive procedures are increasingly being performed in outpatient settings rather than traditional inpatient settings. This shift is driven by advancements in surgical techniques that allow for shorter hospital stays and faster recovery. Outpatient surgery centers offer convenience, cost savings, and reduced risk of hospital-acquired infections, contributing to the growing trend of performing MIS in ambulatory settings.
Integration of Artificial Intelligence and Data Analytics: The integration of artificial intelligence (AI) and data analytics in minimally invasive surgery is gaining momentum. AI algorithms and machine learning techniques can analyze patient data, assist in surgical planning, and optimize surgical techniques. This integration has the potential to improve surgical outcomes, reduce complications, and personalize treatment strategies based on individual patient characteristics.

Minimally Invasive Surgery Market Segmentations

Market Breakup by Product Type

Surgical Devices
Monitoring and Visualization Systems
Laparoscopy Devices
Endosurgical Equipment
Electrosurgical Equipment
Market Breakup by Technology

Transcatheter Surgery
Laparoscopy Surgery
Non-Visual Imaging
Medical Robotics
Market Breakup by Applications

Gastrointestinal Surgery
Gynecology Surgery
Urology Surgery
Cosmetic Surgery
Thoracic Surgery
Vascular Surgery
Orthopedic and Spine Surgery
Bariatric Surgery
Breast Surgery
Cardiac Surgery
Adrenalectomy Surgery
Anti-Reflux Surgery
Cancer Surgery
Cholecystectomy Surgery
Colectomy Surgery
Colon and Rectal Surgery
Ear, Nose and Throat Surgery
Obesity Surgery
Market Breakup by End User

Hospitals Surgical Department
Outpatient Surgery Patients
Individual Surgeons
Group Practice
Others
Market Breakup by Region

North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Italy
Others
Asia Pacific
China
Japan
India
ASEAN
Australia
Others
Latin America
Brazil
Argentina
Mexico
Others
Middle East and Africa
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Others

Minimally Invasive Surgery Market Scenario

The global minimally invasive surgery market has experienced significant growth in recent years and is expected to continue expanding in the coming years. Minimally invasive surgery offers several advantages over traditional open surgery, including reduced trauma, shorter hospital stays, faster recovery times, and improved patient outcomes. These benefits have driven the adoption of minimally invasive procedures across various medical specialties, such as cardiovascular, orthopedic, gastrointestinal, gynecological, and urological surgeries.

The market is primarily driven by factors such as technological advancements in surgical instruments and imaging systems, increasing prevalence of chronic diseases requiring surgical interventions, growing demand for minimally invasive procedures from patients, and the rising preference of healthcare providers for minimally invasive techniques. Furthermore, the shift toward value-based healthcare, cost containment efforts, and the need to reduce healthcare-associated infections have also contributed to the market growth.

Geographically, North America and Europe have been the dominant markets for minimally invasive surgery due to well-established healthcare infrastructure, high adoption rates, and favorable reimbursement policies. However, the Asia Pacific region is expected to witness rapid growth in the market due to the rising healthcare expenditure, increasing awareness about minimally invasive procedures, and growing healthcare infrastructure.

Overall, the global minimally invasive surgery market presents significant opportunities for market players, healthcare providers, and patients alike. With continued advancements in technology and increasing adoption of minimally invasive techniques, the market is poised for further growth and is likely to revolutionize surgical practices in the years to come.

Minimally Invasive Surgery Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

Stryker
CONMED Corporation
Intuitive Surgical
NuVasive, Inc.
Fortimedix Surgical
Microline Surgical
Cirtec
OmniGuide Holdings, Inc.
Arthrex, Inc.
Eximis Surgical, Inc.
B. Braun Melsungen, AG
Medtronic
Johnson & Johnson Services, Inc.
Abbott
Zimmer Biomet
Smith + Nephew