Global Minimally Invasive Surgical Devices Market Report and Forecast 2023-2031

Global Minimally Invasive Surgical Devices Market Report and Forecast 2023-2031

Global Minimally Invasive Surgical Devices Market Outlook

The global minimally invasive surgical devices market was valued at USD 24.8 billion in 2022, driven by the increasing prevalence of sports injuries and orthopaedic disorders across the globe. The market size is anticipated to grow at a CAGR of 9.61% during the forecast period of 2023-2031 to achieve a value of USD 56.5 billion by 2031.

Minimally Invasive Surgical Devices: Introduction

Minimally invasive surgery has revolutionized the field of healthcare by offering patients less invasive treatment options, reduced pain, shorter recovery times, and improved cosmetic outcomes. Minimally invasive surgical devices play a crucial role in enabling these procedures and have become an integral part of modern surgical practice.

Minimally invasive surgical devices encompass a wide range of instruments, tools, and equipment used in procedures that involve smaller incisions or natural orifices instead of large open surgeries. These devices are designed to provide surgeons with enhanced visualization, precision, and control, allowing them to perform complex procedures with minimal trauma to the patient's body.

Key Trends in the Minimally Invasive Surgical Devices Market

Key Trends in the minimally invasive surgical devices Market:

• Technological Advancements: The market for minimally invasive surgical devices is driven by continuous technological advancements. Manufacturers are focusing on developing innovative devices that offer improved precision, visualization, and maneuverability during surgical procedures. Key technological advancements include the integration of robotic systems, artificial intelligence, augmented reality, and advanced imaging techniques.
• Growing Preference for Robotic-Assisted Surgeries: Robotic-assisted surgical systems are gaining popularity in the field of minimally invasive surgery. These systems offer enhanced dexterity, precision, and control to surgeons, resulting in improved surgical outcomes. The market is witnessing an increasing number of installations of robotic surgical systems in hospitals and surgical centers.
• Increasing Application in Different Medical Specialties: Minimally invasive surgical devices are being adopted across various medical specialties, including general surgery, gynecology, urology, orthopedics, and cardiovascular surgery. The market is witnessing an expanding range of devices tailored to specific procedures and specialties, catering to the unique needs of different surgeons and patients.

Minimally Invasive Surgical Devices Market Segmentations

Market Breakup by Product Type

• Handheld Instruments
• Graspers
• Retractors/Elevators
• Dilators
• Suturing Instruments
• Others
• Guiding Devices
• Guiding Catheters
• Guidewires
• Electrosurgical Devices
• Electrosurgery Instruments & Accessories
• Electrosurgery Generators
• Patient Return Electrodes
• Others
• Surgical Scopes
• Endoscope
• Laparoscope
• Gastroscope
• Cystoscope
• Ureteroscope
• Others
• Ablation Devices
• Monitoring and Visualization Devices
• Robotic-assisted Surgical Systems
• Others

Market Breakup by Applications

• Gastrointestinal Surgery
• Gynecology Surgery
• Urology Surgery
• Orthopedic and Spine Surgery
• Bariatric Surgery
• Breast Surgery
• Cardiac Surgery
• Cholecystectomy Surgery
• Colectomy Surgery
• Colon and Rectal Surgery
• Ear, Nose, and Throat Surgery
• Others

Market Breakup by End User

• Hospitals Surgical Department
• Outpatient Surgery Patients
• Individual Surgeons
• Group Practice
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Minimally Invasive Surgical Devices Market Scenario

The market for minimally invasive surgical devices has been witnessing significant growth in recent years, driven by the increasing demand for less invasive and more precise surgical procedures. Minimally invasive surgeries offer several advantages over traditional open surgeries, including reduced trauma, faster recovery times, shorter hospital stays, and minimal scarring. These benefits have led to a shift in preference among healthcare providers and patients towards minimally invasive techniques.

The global market for minimally invasive surgical devices comprises a wide range of products, including laparoscopic instruments, robotic surgical systems, endoscopic equipment, surgical lasers, electrosurgical devices, and imaging systems. These devices are used across various medical specialties, such as general surgery, gynaecology, urology, orthopaedics, and cardiovascular surgery.

Key factors driving the growth of the minimally invasive surgical devices market include advancements in technology, increasing prevalence of chronic diseases, growing geriatric population, and rising demand for cost-effective healthcare solutions. Additionally, favourable reimbursement policies, increasing healthcare expenditure, and the need for reduced healthcare-associated infections are further contributing to market expansion.

In conclusion, the market for minimally invasive surgical devices is witnessing significant growth worldwide due to the increasing demand for less invasive procedures and technological advancements in the field. With the continuous development of innovative devices and the expansion of applications in different medical specialties, the market is expected to continue its growth trajectory in the coming years.

Minimally Invasive Surgical Devices 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 Medical
• OmniGuide Holdings, Inc.
• Arthrex, Inc.
• Eximis Surgical, Inc.
• B. Braun Melsungen, AG
• Medtronic
• Johnson & Johnson Services, Inc.
• Abbott
• Zimmer Biomet

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