Minimally Invasive Surgical Instruments Market by Product (Handheld Instruments, Inflation Devices, Surgical Scopes), Type of Surgery (Cardiothoracic, Gastrointestinal, Orthopedic, Urological), End User (Hospitals, ASCs), Region - Global Forecast to 2026

Minimally Invasive Surgical Instruments Market by Product (Handheld Instruments, Inflation Devices, Surgical Scopes), Type of Surgery (Cardiothoracic, Gastrointestinal, Orthopedic, Urological), End User (Hospitals, ASCs), Region - Global Forecast to 2026

The global minimally invasive surgical instruments market is projected to reach USD 28.9 billion by 2026 from USD 20.2 billion in 2021, at a CAGR of 7.4% during the forecast period. Market growth is driven by factors such as the increasing adoption of advanced robotics in ASCs, the increasing number of surgical procedures worldwide, and the advantages of MIS over open surgical techniques. On the other hand, the high degree of market consolidation among market players and the requirement of high capital investments are the major factors hampering the growth of this market.

“The electrosurgical & electrocautery instrumentssegment accounted for the highest growth rate in theminimally invasive surgical instrumentsmarket, by product, during the forecast period”

The minimally invasive surgical instruments market is segmented into handheld instruments, inflation devices, surgical scopes, cutting instruments, guiding devices, electrosurgical & electrocautery instruments, and other instruments based on product. In 2020, the electrosurgical & electrocautery instruments segment accounted for the highest growth rate in the minimally invasive surgical instruments market. Market growth can largely be attributed to the high usage volume of disposable and reusable electrosurgical instruments. In addition, technological advancements in electrosurgical instruments and the increasing number of cosmetic and plastic surgeries are stimulating the growth of this segment

“Hospitals and specialty clinics segment accounted for the highest CAGR”

Based on end users, the minimally invasive surgical instruments market is segmented into hospitals and specialty clinics and ambulatory surgery centers. In 2020, the hospitals and specialty clinics segment accounted for the highest growth rate. This can be attributed to thelarge number of minimally invasive surgical procedures performed in hospitals due to the presence of highly skilled healthcare professionals.

“Asia Pacific: The fastest-growing regionminimally invasive surgical instruments market”

The global minimally invasive surgical instruments market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is projected to register the highest CAGR during the forecast period.Factors such as the increasing healthcare spending, increasing government efforts to increase awareness about early disease detection, growing per capita income, expansion of private-sector hospitals to rural areas in various APAC countries, the rising geriatric population in several APAC countries (coupled with the increasing prevalence of chronic disorders), and the presence of high-growth markets in the region. The low labor costs and the favorable regulatory environment in this region are also expected to propel market growth.

The primary interviews conducted for this report can be categorized as follows:
By Company Type: Tier 1 - 40%, Tier 2 - 30%,and Tier 3 -30%
By Designation: C-level - 27%, D-level - 18%, and Others - 55%
By Region: North America -51%, Europe - 21%, Asia Pacific - 18%, Latin America – 6%, and the Middle East & Africa – 4%

Lists of Companies Profiled in the Report:
Medtronic plc (Ireland)
Johnson & Johnson (US)
Stryker Corporation (US)
Abbott Laboratories, Inc. (US)
Boston Scientific Corporation (US)
B. Braun Melsungen AG (Germany)
CONMED Corporation (US)
Smith & Nephew plc (UK)
Zimmer Biomet Holdings, Inc. (US)
Becton, Dickinson and Company (US)
The Cooper Companies Inc. (US)
HOYA Corporation (Japan)
Surgical Innovations Group plc (UK)
Koninklijke Philips N.V. (Netherlands)
FUJIFILM Holdings Corporation (Japan)
KARL STORZ SE & Co. KG (Germany)
Applied Medical Resources Corporation (US)
KLS Martin Group (Germany)
Scanlan International, Inc. (US)
Wexler Surgical (US)
STRAUSS SURGICAL (US)
AMNOTEC International Medical GmbH (Germany)
EndoMed Systems GmbH (Germany)
TROKAMED GmbH (Germany)
Surgical Holdings (UK)

Research Coverage:

This report provides a detailed picture of the global minimally invasive surgical instrumentsmarket. It aims at estimating the size and future growth potential of the market across different segments, such as product, type of surgery, end user,and region. The report also includes an in-depth competitive analysis ofthe key market players, along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall minimally invasive surgical instruments market and its subsegments.It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, restraints, opportunities, and challenges.