What is Global Minimally Invasive Surgical (MIS) Devices Market?
The Global Minimally Invasive Surgical (MIS) Devices Market is a rapidly growing sector in the medical industry. These devices are designed to perform surgeries with minimal incisions, reducing the risk of infection and speeding up recovery time for patients. The market encompasses a wide range of devices, including surgical instruments, monitoring and visualization equipment, and electrosurgical systems. The global MIS devices market was valued at a staggering US$ 37,320 million in 2023 and is projected to reach an impressive US$ 61,740 million by 2030. This growth is largely driven by advancements in technology and an increasing demand for minimally invasive procedures.
Surgical Equipment, Monitoring & Visualization Equipment, Electrosurgical Systems in the Global Minimally Invasive Surgical (MIS) Devices Market:
Surgical Equipment, Monitoring & Visualization Equipment, and Electrosurgical Systems are key components of the Global Minimally Invasive Surgical (MIS) Devices Market. Surgical equipment includes tools and devices used to perform the surgery, such as scalpels, forceps, and sutures. Monitoring and visualization equipment are used to guide the surgeon during the procedure and monitor the patient's vital signs. This includes endoscopes, monitors, and imaging devices. Electrosurgical systems use electrical energy to cut, coagulate, and ablate tissue. These systems are becoming increasingly sophisticated, with features such as touch screen controls and programmable settings. The demand for these devices is driven by the need for more efficient and less invasive surgical procedures.
Cosmetic/Bariatric Surgery, Vascular Surgery, Urological Surgery, Others in the Global Minimally Invasive Surgical (MIS) Devices Market:
The Global Minimally Invasive Surgical (MIS) Devices Market has a wide range of applications, including Cosmetic/Bariatric Surgery, Vascular Surgery, Urological Surgery, and others. In cosmetic and bariatric surgery, these devices are used to perform procedures such as liposuction, tummy tucks, and gastric bypass surgery. In vascular surgery, they are used to treat conditions such as varicose veins and peripheral artery disease. In urological surgery, they are used for procedures such as kidney stone removal and prostate surgery. The use of MIS devices in these areas can result in less pain, shorter hospital stays, and quicker recovery times for patients.
Global Minimally Invasive Surgical (MIS) Devices Market Outlook:
The future of the Global Minimally Invasive Surgical (MIS) Devices Market looks promising. In 2023, the market was valued at US$ 37,320 million and it is expected to reach US$ 61,740 million by 2030, growing at a compound annual growth rate (CAGR) of 7.3%. This growth is part of a larger trend in the medical devices market, which was estimated to be worth US$ 603 billion in 2023 and is expected to grow at a CAGR of 5% over the next six years. This growth is driven by advancements in technology and an increasing demand for minimally invasive procedures.
| Report Metric | Details |
| Report Name | Minimally Invasive Surgical (MIS) Devices Market |
| Accounted market size in 2023 | US$ 37320 million |
| Forecasted market size in 2030 | US$ 61740 million |
| CAGR | 7.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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, 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 |
