Minimally Invasive Surgery Market Share, Size, Trends, Industry Analysis Report, By Product (Electrosurgical devices, Imaging & Visualization Systems, Surgical Devices); By Application; By End-User; By Region; Segment Forecast, 2024 - 2032

Minimally Invasive Surgery Market Share, Size, Trends, Industry Analysis Report, By Product (Electrosurgical devices, Imaging & Visualization Systems, Surgical Devices); By Application; By End-User; By Region; Segment Forecast, 2024 - 2032

The global minimally invasive surgery market size is expected to reach USD 113.23 billion by 2032, according to a new study by Polaris Market Research. The report “Minimally Invasive Surgery Market Share, Size, Trends, Industry Analysis Report, By Product (Electrosurgical devices, Imaging & Visualization Systems, Surgical Devices); By Application; By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The minimally invasive surgery sector is growing due to continuous innovation in products such as robotically assisted surgery, minimally invasive devices, and advanced imaging systems. Manufacturers are dedicating resources to research and development to improve the functionality and performance of MIS equipment and broaden its use across various surgical specialties. Minimally invasive procedures enhance patient safety and treatment quality, offering benefits such as shorter hospital stays, lower infection rates, and reduced blood loss. Healthcare professionals prioritize MIS procedures to reduce surgical risks and enhance patient satisfaction.

The COVID-19 pandemic had a detrimental impact on the global expansion of minimally invasive surgery, primarily because hospitals needed to prioritize their daily surgical treatments. For instance, in July 2020, a study conducted as reported in a PubMed Central publication indicated that hospitals had to prioritize non-surgical methods whenever feasible due to the urgency of their daily surgical operations.

The field of minimally invasive surgery is expanding into emerging markets, driven by several factors such as lower regulatory barriers, advancements in healthcare infrastructure, an aging population, increasing healthcare expenditure, rising disposable incomes, and growing patient populations in these economies. Compared to wealthier nations, people in the Asia Pacific region are more open and receptive to business opportunities. This, along with intensifying competition in developed markets, has led key players in the minimally invasive surgery industry to focus on developing nations.

Minimally Invasive Surgery Market Report Highlights

The surgical devices segment dominated the market in 2023, driven by improvements in the precision, flexibility, and safety of these instruments, which ultimately benefit patients.

The hospitals segment led the market in 2023 and is expected to maintain its dominance due to the expansion of operating rooms in hospitals in developing countries.

North America holds a significant revenue share in the global Minimally Invasive Surgery market, driven by the increasing prevalence of chronic illnesses, the less invasive nature of the procedure, and faster recovery time.

The global key market players include Medtronic plc, Johnson & Johnson Medtech, Stryker Corporation, NuVasive, GE Healthcare, Zimmer Biomet Holdings, Becton, Dickinson & Company, Boston Scientific Corporation, and Abbott Laboratories.

Polaris Market Research has segmented the Minimally Invasive Surgery market report based on product, application, end-user, and region:

Minimally Invasive Surgery, Product Outlook (Revenue - USD Billion, 2019 - 2032)

Electrosurgical Devices

Electrocautery Devices

Electrosurgical generators & accessories

Imaging & Visualization Systems

X-Ray imaging

Ultrasound

CT imaging

MRI imaging

Visualization Systems

Surgical Devices

Laparoscopy Devices

Trocar and Cannula

RASP (Robotic- Assisted Simple Prostatectomy)

Laparoscope

Graspers and Dissectors

Handheld Instruments

Probes

Laser fiber devices

Tubular Retractor

Dilator

Suturing Instruments

Inflation Systems

Balloon Inflation systems

Balloon Catheters

Guiding Devices

Guiding catheters

Guidewires

Medical Robotics

Robotic softwares & Services

Robotic Systems

Robotic Instruments

Endoscopy Devices

Diagnostic endoscopes

Flexible endoscopes

Rigid endoscopes

Minimally Invasive Surgery, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Neurological Surgery

Cardio-Thoracic Surgery

Dental Surgery

Vascular Surgery

Gynecological Surgery

Urological Surgery

Orthopedic Surgery

Oncology Surgery

Ent & Respiratory Surgery

Cosmetic Surgery

Gastrointestinal & Abdominal Surgery

Others

Minimally Invasive Surgery, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

Ambulatory Surgical Centers

Orthopedic, Emergency & Trauma Centers

Hospitals, Clinics & Ablation centers

Others

Minimally Invasive Surgery, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa