Minimally Invasive Surgery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global minimally invasive surgery market reached a value of US$ 46.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 70.7 Billion by 2027, exhibiting a CAGR of 7.39% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A minimally invasive surgery utilizes surgical techniques that limit the size and number of cuts or incisions during an operation with the help of small tools, cameras and lights. This procedure is much safer in nature as compared to traditional open surgery as it results in fewer complications, quicker recovery, minimal blood loss, good results and shorter hospital stays. Due to these factors, these surgeries are gaining popularity amongst surgeons as well as patients all over the world. They are mostly being used for cardiothoracic, orthopedic, vascular and neurological surgical procedures.
Rising geriatric population across the globe coupled with the increasing prevalence of arthritis, cancer and cardiovascular diseases is impelling the demand for these surgeries as they are associated with fewer risks and minimal procedural trauma.
These procedures are now being performed with the help of robotic technology which allows precise control over the surgery. This has resulted in higher success rates of these procedures which, in turn, is bolstering the market growth.
Technologically advanced products, such as narrow-band imaging endoscopes, and HD cameras have been introduced by manufacturers which are creating a positive outlook for the industry worldwide.
As these surgeries aid in reducing post-operative pain and offer fast recovery, numerous surgeons are now performing them in their own clinics. Therefore, the rising number of physician-owned ambulatory surgical centers (ASCs) is providing impetus to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global minimally invasive surgery market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, application and end-user.
Breakup by Product Type:
Monitoring and Visualization Devices
Breakup by Application:
Orthopedics and Spine Surgery
Breakup by End-User:
Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Zimmer Biomet Inc., Medtronic Inc., GE Healthcare, Intuitive, Eximis Surgical, Stryker Corporation, Arthrex, B. Braun, Bauer Medical, Check-Cap, Cook Medical, OmniGuide, Inc., Orthofix Holdings,Inc, Pentax, Philips Healthcare, RF System, Smith & Nephew, TransEnterix, Virtual Ports, etc.
Key Questions Answered in This Report:
How has the global minimally invasive surgery market performed so far and how will it perform in the coming years?
What are the key regional markets in the global minimally invasive surgery industry?
What has been the impact of COVID-19 on the global minimally invasive surgery industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global minimally invasive surgery industry?
What are the key driving factors and challenges in the global minimally invasive surgery industry?
What is the structure of the global minimally invasive surgery industry and who are the key players?
What is the degree of competition in the global minimally invasive surgery industry?
What are the profit margins in the global minimally invasive surgery industry?
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