August 16th, 2022
Global Minimally Invasive Surgery Market was valued at USD 53.08 billion in 2021 and is expected to reach USD 97.66 billion by the year 2028, at a CAGR of 9.1%.
Small incisions (cuts) and minimal stitches are used in this surgery. One or more small incisions may be made in the body during minimally invasive surgery. To guide the surgery, a laparoscope (thin, tube-like equipment with a light and a lens for seeing) is introduced through one of the openings. To perform the surgery, tiny surgical instruments are placed into other incisions. Minimally invasive surgery may result in less discomfort, scarring, and tissue damage, as well as a faster recovery time than traditional surgery. Robotic surgery is another sort of minimally invasive surgery. It gives the surgeon an enlarged, three-dimensional picture of the surgical site, allowing him or her to work with greater precision, flexibility, and control. Minimally invasive surgery continues to improve, making it more advantageous for people with a wide range of ailments.
In the 1980s, minimally invasive surgery became popular as a safe and effective way to address the medical demands of a wide range of people. Many surgeons have come to prefer it to traditional (open) surgery in the last 20 years, which needs larger incisions and, in most cases, a longer hospital stay.
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Major Key Players for Minimally Invasive Surgery Market:
· ZSX Medical LLC (US)
· Boston Center for Ambulatory Surgery Inc. (US)
· Weill Cornell Medicine (US)
· Tissium (France)
· Smart Medical Devices Inc. (US)
· Intuitive Surgical (US)
· Beverly Hills Orthopedic Institute (US)
· Taiwan Surgical Corporation (Taiwan)
· Ancillary Advantage Inc. (US)
· NuVasive Inc (US)
· Siemens Healthineers (Germany)
· Stryker Corporation (US)
· Teleflex Inc. (US)
Market Dynamics and Factors:
During the forecast period, the growth in the number of people suffering from cancer and cardiovascular illnesses is the key driver driving the minimally invasive surgery market. Minimally invasive surgery scars are smaller than standard open surgery scars. One incision is made in the belly button and one to three additional in the lower belly during laparoscopy. The length of stay in the hospital is gradually shortened, lowering the risk of complications such as blood clots or infection following surgery, and boosting the market for minimally invasive surgery over the forecast period. Minimally invasive surgery, on the other hand, involves tiny surgical incisions and is often safer than standard surgery. However, even with minimally invasive surgery, there is a risk of anesthetic, bleeding, and infection issues. As a result, these factors may limit the market's growth over the projection period.
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Minimally Invasive Surgery Market Report Highlight:
By device, the surgical device segment is forecasted to dominate the minimally invasive surgery market during the projected period.
By surgery method, the traditional segment is anticipated to lead the minimally invasive surgery market in the projected period.
By surgery type, the orthopedic segment is forecasted to have the highest share of the minimally invasive surgery market.
By end-users, the hospital segment is expected to be the leading shareholder of the minimally invasive surgery market.
The North American region is anticipated to have the lion's share of the minimally invasive surgery market. The technological development and presence of major service suppliers in this region are the major factors helping the growth of the market in this region.
Key Industry Development:
In March 2021, The International Spine Study Group Foundation has renewed its cooperation with NuVasive, Inc., the leader in offering minimally invasive surgery solutions for spine surgery (ISSGF). For the next ten years, this cooperation will focus on analyzing difficult adult spinal deformities repaired with minimally invasive surgery.
In April 2021, Ambu Inc. gained Health Canada certification for aScope 4 Cysto, a single-use endoscopes platform for urology.
Minimally Invasive Surgery Market Segmentation:
· Surgical Devices
· Monitoring and Visualization Devices
· Endoscopy Devices
By Surgery Method
By Type Of Surgery
· Ambulatory Surgery Centers
For this report, Introspective Market Research has segmented the Minimally Invasive Surgery Market based on the region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa
Rest of MEA
Rest of LATAM
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Scope of the Report:
The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The Minimally Invasive Surgery Market study looks deeply into the worldwide market's competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER's Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.
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