The global minimally invasive surgery market size is expected to reach USD 113.23 billion by 2032, exhibiting the CAGR of 16.5% during the forecast period
Minimally invasive surgery (MIS) has revolutionized the medical field, providing patients with safer alternatives to traditional open surgeries. This article delves into the minimally invasive surgery market, focusing on its growth drivers, key trends, research scope, and future outlook.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
Market Overview
Definition of Minimally Invasive Surgery
Minimally invasive surgery involves performing surgical procedures with smaller incisions, reducing recovery time, hospital stays, and post-operative complications. Common MIS techniques include laparoscopy, endoscopy, and robotic-assisted surgery.
Some of the major players operating in the global market include:
- Abbott Laboratories
- Arthrex
- Asenus Surgical
- Becton, Dickinson & Company
- Boston Scientific Corporation
- Eximis Surgical
- GE Healthcare
- Johnson & Johnson Medtech
- Medtronic plc
- NuVasive
- Orthofix Holdings,Inc
- Smith & Nephew
- Stryker corporation
- Virtual Ports
- Zimmer Biomet holdings
Market Size and Segmentation
The research report categorizes the market into various segments and sub-segments. The primary segments covered in the study include product, application, end-user. The splitting of the market into various groups enables businesses to understand market preferences and trends better.
Minimally Invasive Surgery Market, 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
- Laparoscopy Devices
- Medical Robotics
- Robotic softwares & Services
- Robotic Systems
- Robotic Instruments
- Endoscopy Devices
- Diagnostic endoscopes
- Flexible endoscopes
- Rigid endoscopes
Minimally Invasive Surgery Market, 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 Market, End-User Outlook (Revenue – USD Billion, 2019-2032)
- Ambulatory Surgical Centers
- Orthopedic, Emergency & Trauma Centers
- Hospitals, Clinics & Ablation centers
- Others
Growth Drivers
3.1 Rising Prevalence of Chronic Diseases
The growing burden of chronic diseases such as cardiovascular disorders, cancer, and orthopedic conditions has increased the demand for minimally invasive procedures. Patients and healthcare providers prefer MIS for its efficiency and reduced risks.
3.2 Technological Advancements
Continuous innovations in surgical tools, imaging systems, and robotic technologies have significantly enhanced the precision and safety of MIS, propelling market growth.
3.3 Patient Preference for Minimally Invasive Procedures
Patients increasingly opt for minimally invasive options due to shorter recovery times, reduced pain, and minimal scarring, driving demand.
3.4 Surge in Geriatric Population
The aging population, more prone to health issues requiring surgery, contributes to the growth of the MIS market as these procedures are less taxing on elderly patients.
Key Trends in the Market
4.1 Adoption of Robotic Surgery
Robotic-assisted surgeries are gaining traction due to their ability to perform complex procedures with high precision, enhancing surgical outcomes.
4.2 Integration of Artificial Intelligence
AI is being integrated into MIS for better diagnostics, surgical planning, and real-time navigation during procedures.
4.3 Expansion of Telemedicine in Surgical Consultations
Telemedicine platforms are facilitating pre- and post-surgical consultations, making MIS more accessible to patients in remote areas.
4.4 Development of Single-Port Surgery
Single-port surgery, requiring only one incision, is emerging as a revolutionary trend, further minimizing surgical trauma.
Research Scope
5.1 Focus on Emerging Markets
Emerging economies in Asia-Pacific and Latin America present significant growth opportunities due to improving healthcare infrastructure and rising awareness of MIS benefits.
5.2 Innovations in Biocompatible Materials
Research on biocompatible and durable surgical materials is expected to enhance patient outcomes and expand the scope of MIS applications.
5.3 Integration with Wearable Devices
Exploration of wearable technology for real-time monitoring during MIS procedures is a promising area of research.
Future Outlook
6.1 Projected Market Growth
The minimally invasive surgery market is anticipated to grow at a compound annual growth rate (CAGR) of over 8% from 2023 to 2030, driven by increasing investments in healthcare innovation.
6.2 Challenges to Address
Despite its advantages, challenges such as the high cost of advanced MIS equipment and a lack of skilled professionals in certain regions need to be tackled.
6.3 Vision for the Future
The future of MIS lies in the convergence of robotics, AI, and wearable technology, ensuring safer, more efficient, and personalized surgical solutions.
Recent Developments:
November 2023:
Medtronic received FDA approval for a minimally invasive device designed to treat hypertension. This innovative solution aims to provide an effective treatment option for managing high blood pressure with reduced procedural risks.
September 2023:
Stryker launched the PROstep MIS Lapidus, an internal fixation system for treating bunions. This system enables minimally invasive surgical correction of hallux valgus deformity and the fusion of the first metatarsal cuneiform joint, offering enhanced patient outcomes with reduced recovery times.
April 2023:
Orthofix expanded its portfolio for minimally invasive spine procedures with the commercial launch of two advanced access retractor systems. These systems are designed to optimize surgical access and improve outcomes in spine surgeries, demonstrating Orthofix’s commitment to advancing spinal care.
These developments highlight the medical device industry’s focus on minimally invasive technologies to enhance patient care and improve procedural efficiency.
Minimally invasive surgery procedures utilize small instruments, cameras, and lights to minimize the size and number of incisions made during surgery. This approach is safer than traditional open surgery, resulting in fewer complications, faster recovery, reduced blood loss, better outcomes, and shorter hospital stays.