What is Global Minimally Invasive Surgery Devices Market?
The Global Minimally Invasive Surgery Devices Market is a burgeoning field in the healthcare industry that has been gaining significant traction in recent years. This market pertains to the use of devices and technologies that allow surgeons to perform procedures with less physical intrusion into the patient's body, resulting in less pain, quicker recovery times, and reduced risk of complications. These devices are used in a variety of surgical procedures, including but not limited to, cardiothoracic, gastrointestinal, orthopedic, gynecological, cosmetic or bariatric, vascular, and urological surgeries. The primary goal of these devices is to minimize the physical and emotional impact of surgery on patients, while still achieving the desired medical outcomes.
Surgical equipment, Monitoring and visualization equipment, Electrosurgical systems in the Global Minimally Invasive Surgery Devices Market Market:
The Global Minimally Invasive Surgery Devices Market is segmented into three main categories: surgical equipment, monitoring and visualization equipment, and electrosurgical systems. Surgical equipment, which constitutes about 55% of the market, includes instruments and devices used to perform the actual surgical procedures. These can range from simple tools like scalpels and forceps to more complex devices like robotic surgical systems. Monitoring and visualization equipment are used to guide the surgeon during the procedure and to monitor the patient's vital signs. Electrosurgical systems use electrical energy to cut, coagulate, desiccate, or fulgurate tissue. These systems are often used in conjunction with other surgical equipment to perform minimally invasive procedures.
Cardiothoracic Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Gynecological Surgery, Cosmetic or Bariatric Surgery, Vascular Surgery, Urological Surgery, Others in the Global Minimally Invasive Surgery Devices Market Market:
The usage of Global Minimally Invasive Surgery Devices varies greatly depending on the type of surgery being performed. In cardiothoracic surgery, for example, these devices are used to perform procedures on the heart and lungs with minimal incisions. In gastrointestinal surgery, they are used to treat conditions of the digestive system. Orthopedic surgeons use these devices to treat conditions of the musculoskeletal system, while gynecologists use them for procedures involving the female reproductive system. Cosmetic or bariatric surgeons use these devices for weight loss surgeries and cosmetic procedures. Vascular surgeons use them to treat conditions of the vascular system, and urologists use them for procedures involving the urinary tract.
Global Minimally Invasive Surgery Devices Market Market Outlook:
The Global Minimally Invasive Surgery Devices Market has shown promising growth in recent years. In 2022, the market was valued at US$ 37320 million and is projected to reach US$ 58300 million by 2029, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period of 2023-2029. This growth can be attributed to the numerous benefits of minimally invasive surgery, including reduced pain, quicker recovery times, and lower risk of complications. Interestingly, the top four manufacturers in this market hold nearly 50% of the market share, indicating a high level of market concentration.
| Report Metric | Details |
| Report Name | Minimally Invasive Surgery Devices Market |
| Accounted market size in 2022 | US$ 37320 in million |
| Forecasted market size in 2029 | US$ 58300 million |
| CAGR | 6.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Medtronic, Olympus Corp, Johnson＆Johnson, Stryker, KARL STORZ, Boston Scientific, Hoya, Conmed, Smith & Nephew, Fujifilm, Applied Medical, B Braun, Zimmer Biomet, Richard Wolf |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
