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The Market for Minimally Invasive Medical Devices

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  • 145 Pages
  • July 2023
  • Region: Global
  • BCC Research
  • ID: 4847033

Report Scope

This report on minimally invasive medical devices is segmented based on equipment types, application types and end users.

A detailed analysis illustrating market dynamics and market structure is incorporated in the report. A Porter’s Five Forces analysis and the supply and distribution chain are discussed in detail for an in-depth market understanding. The report covers the current regulations and guidelines for minimally invasive medical devices. The report includes top market players detailing their business operations, segment focus, revenue, and strategy analysis. Market share analysis of leading market players, product launches, and pipeline products are also captured in the information.

Regarding geography, the reports analyze the market across North America, Europe, and Asia-Pacific. Key countries like the U.S., Canada, Mexico, Europe (top five countries), China, India, and Japan are discussed due to the high concentration of minimally invasive medical device manufacturing companies and contract manufacturing organizations in these countries.

The base year for market data is 2022, with historical data for 2020 and forecast data for 2028. Historical, base year and forecast data are provided for each market segment of the report.

Report Includes

  • 21 data tables and 26 additional tables
  • An up-to-date overview and industry analysis of the global markets for minimally invasive medical surgical devices and instruments within the industry
  • Analyses of the global market trends, with historical market revenue data (sales figures) for 2020-2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
  • Estimation of the current market size and revenue growth forecast for the global minimally invasive medical devices market in USD million values, and corresponding market share analysis based on equipment type, application, end user, and region
  • Identification of the segments of main types of minimally invasive devices and instruments that have been commercialized till date
  • Analysis of historical and current volume and value of shipments of each of these product segments in specified end user and geographic markets
  • Updated information on key market drivers and opportunities, industry shifts and regulations, and other region and industry specific macroeconomic variables that will influence this market in the coming years (2023-2028)
  • Identification of promising new surgical procedures and products still in the development and testing stage and assess their probability of successful commercialization in the next 5 years
  • A look at the leading device manufacturers and analyze the structure of the minimally invasive surgical devices industry (e.g., market shares, concentration and recent merger and acquisition (M&A) activity)
  • Discussion of the current state of minimally invasive medical surgical devices and instruments, commercialized and pipeline products, regulations and standards, as well as key industry aspects
  • Review of the key patent grants and patent applications on minimally invasive medical surgical devices and instruments
  • Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Descriptive company profiles of the leading global players of the industry, including 3M, Abbott, Danaher Corp., Johnson & Johnson and Olympus Corp.

Table of Contents

Chapter 1 Introduction
  • Study Goals and Objectives
  • Reasons for Doing This Study
  • What's New in This Update?
  • Scope of Report
  • Information Sources and Methodology
  • Secondary Research
  • Primary Research
  • Research Methodology
  • Geographic Breakdown
Chapter 2 Summary and Highlights
  • Market Outlook
Chapter 3 Market and Technology Background
  • General Description
  • History of Minimally Invasive Surgery
  • Endoscopy
  • Insufflation
  • Specialized Surgical Instruments
  • Minimally Invasive Surgical Procedures
  • Surgical Robotics
  • Medical Lasers
  • Principal Applications of Minimally Invasive Surgery
  • Market Drivers
  • Increasing Prevalence of Surgery
  • Increase in Minimally Invasive Surgeries
  • Increasing Expenditures for Healthcare
  • Increasing Geriatric Population
  • Market Restraints
  • High Cost of Surgical Navigation Systems
  • Regulatory Guidelines and Product Recall
  • Increased Time for the Overall Procedure Using Navigation Systems Impacting Penetration
  • Opportunities
  • Technological Advancements
  • Medical Tourism Aiding Market Penetration in Emerging Markets
  • Impact of COVID-19 on Market for Surgical Navigation Systems
  • Impact of COVID-19 Pandemic on Revenue of Major Surgical Navigation System Manufacturers
  • Impact of Russia-Ukraine War on the Market for Surgical Systems
Chapter 4 Market Breakdown by Equipment Type
  • Device and Equipment Segments
  • Market Size
  • MIS Device Design Trends
  • Visualization Technology
  • User-Centered Design in MIS Devices
  • Forecast for MIS Devices
Chapter 5 Market Breakdown by Application and End User
  • Application Segments
  • Market Size
  • Gastrointestinal Surgery
  • Gynecology
  • Urology
  • Cosmetic Surgery
  • Thoracic Surgery
  • Cardiothoracic Surgery
  • Noncardiac Vascular Interventional Surgery
  • Orthopedic Surgery
  • Product Types
  • Monitoring/Visualization Equipment
  • Robotically Assisted Surgical Systems
  • Electrosurgical Equipment
  • Mechanical Instruments
  • Auxiliary Equipment
  • Surgical Devices
  • End-User Market
Chapter 6 Emerging Technologies
  • Developments
  • Adaptation of Minimally Invasive Techniques to New Types of Surgical Procedures
  • Natural Orifice Transluminal Endoscopic Surgery
  • Demographic and Economic Trends
  • Changing Structure of the Healthcare Industry
  • Long-Term Outlook for Minimally Invasive Surgical Devices and Equipment
Chapter 7 Evaluation of the Market Based on Region
  • Overview of the Geographical Distribution of the Market
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
  • United States
  • European Union (EU)
  • Japan
  • Other Countries
Chapter 8 Patents
Chapter 9 Competitive Landscape
  • Mergers, Acquisitions, and Collaborations
  • Company Market Shares
Chapter 10 Company Profiles
  • 3M
List of Tables
Summary Table: Global Market for MIS Devices and Equipment, Through 2028
Table 1: Cumulative Procedure Volume for Hip and Knee Procedures, 2012-2021
Table 2: Global Bariatric Surgeries, 2011-2020
Table 3: Global Market for Minimally Invasive Medical Devices, by Type of Equipment, Through 2028
Table 4: Global Market for Minimally Invasive Medical Devices, by Application, Through 2028
Table 5: Principal Types of Monitoring/Visualization Equipment
Table 6: Principal Types of Surgical Robotic Systems
Table 7: Electrosurgical Equipment
Table 8: Principal Types of Mechanical Instruments
Table 9: Principal Types of Auxiliary Equipment Used for Minimally Invasive Surgery
Table 10: Minimally Invasive Surgical Devices
Table 11: Global Market for Minimally Invasive Medical Devices, by End User, Through 2028
Table 12: Global Market for Minimally Invasive Medical Devices, by Region, Through 2028
Table 13: Select Patent Applications Filed on Minimally Invasive Medical Devices, 2023
Table 14: M&A: Surgical Navigation Systems Manufacturing Companies, 2023
Table 15: 3M: Products and Services
Table 16: 3M: Financials, 2021
Table 17: 3M: Recent Developments, 2022
Table 18: Abbott: Product Portfolio, by Business Segment
Table 19: B. Braun Melsungen AG: Products
Table 20: B. Braun Melsungen AG: Financials, 2021
Table 21: B. Braun Melsungen AG: Developments and Strategies, 2022
Table 22: Becton, Dickinson, and Co.: Financials, 2021
Table 23: Bio-Rad Laboratories Inc.: Financials, 2021
Table 24: Bio-Rad Laboratories Inc.: Recent Developments, 2018 and 2019
Table 25: Boston Scientific Corp.: Product Portfolio
Table 26: Boston Scientific Corp.: Financials, 2016-2021
Table 27: Boston Scientific Corp.: Recent Developments, 2022
Table 28: Cardinal Health: Product Portfolio
Table 29: Cardinal Health: Financials, 2021
Table 30: Danaher Corp.: Financials, 2021
Table 31: Drägerwerk AG & Co. KGaA: Financials, 2021
Table 32: Drägerwerk AG & Co. KGaA: Recent Developments and Strategies, 2015-2020
Table 33: Roche: Financials, 2021
Table 34: Roche: Recent Developments, 2015-2022
Table 35: Integra LifeSciences Holdings Corp.: Financials, 2021
Table 36: Integra LifeSciences Holdings Corp.: Developments and Strategies
Table 37: Johnson & Johnson: Financials, 2021
Table 38: Johnson & Johnson: Recent Developments and Strategies, 2022
Table 39: Medtronic: Financials, 2020-2022
Table 40: Medtronic: Product Portfolio
Table 41: Olympus Corp.: Product Portfolio
Table 42: Olympus Corp.: Financials, 2021
Table 43: Olympus Corp.: Recent Developments, 2020
Table 44: Zimmer Biomet: Product Portfolio
Table 45: Zimmer Biomet: Financials, 2021
Table 46: Zimmer Biomet: Developments and Strategies, 2017-2019
List of Figures
Summary Figure: Global Market for MIS Devices and Equipment, by Type, 2020-2028
Figure 1: Global Health Expenditure Database, 2022
Figure 2: Global Aging (65 and Over) Population, by Region, 2019 and 2050
Figure 3: Comparison of GDP Growth Globally, 2022 and 2023
Figure 4: Global Market Shares of Minimally Invasive Medical Devices, by Type of Equipment, 2022
Figure 5: Global Market Shares of Minimally Invasive Medical Devices, by Application, 2022
Figure 6: Global Market Shares of Minimally Invasive Medical Devices, by End User, 2022
Figure 7: Snapshot of Advanced Orthopedic Technologies, Implants, and Regenerative Products, by Region
Figure 8: North American Market for Minimally Invasive Medical Devices, 2020-2028
Figure 9: European Market for Minimally Invasive Medical Devices, 2020-2028
Figure 10: Asia-Pacific Market for Minimally Invasive Medical Devices, 2020-2028
Figure 11: Rest of the World Market for Minimally Invasive Medical Devices, 2020-2028
Figure 12: Global Market Shares of Key Manufacturers and Suppliers of Minimally Invasive Medical Devices, 2022



Executive Summary


The benefits of minimally invasive surgical procedures, such as fewer severe operative and post-operative problems and quicker recovery times, drive the demand for minimally invasive surgical instruments in the global market. In addition, the growing prevalence of chronic disorders is also driving the growth of the international minimally invasive surgical instruments market. As per the World Health Organization (WHO), statistics report for 2021, non-communicable disorders, often known as chronic disorders, kill around 41 million people yearly, accounting for roughly 71% of all deaths worldwide. According to the same source, non-communicable infections claim the lives of nearly 15 million people aged 30 to 69 years old every year around the globe. Thus, the rising burden of non-communicable diseases drives the demand for minimally invasive surgical operations. This directly impacts the global minimally invasive surgical instruments market expansion over the forecast period.

Minimally invasive surgeries (MIS) are considered less traumatic than conventional open surgeries because these open surgeries are performed with traditional laparoscopic instruments, which makes them complex. Minimally invasive laparoscopic cameras are generally inserted with small, specialized tools through small incisions. Patients tend to recover faster after these procedures with lesser pain when compared with another form of surgery.

The significantly lower cost of minimally invasive surgical procedures, compared with in-patient and conventional open surgeries resulting in equal outcomes, is one of the major factors driving the growth of the minimally invasive surgical instruments market. Technological developments - especially in cardiac, ophthalmic, neurological, orthopedic and oral surgical procedures - result in higher-quality instruments offering better efficiency, accelerating the minimally invasive surgical instruments market growth. The introduction of surgical robots and their acceptance by surgeons across the globe further influence this market. Additionally, growth in the aging population, rising awareness among the people regarding the benefits of minimally invasive surgeries over traditional open surgeries, surge in healthcare expenditure and increase in demand for the surgery positively affect the minimally invasive surgical instruments market. Furthermore, enhanced product designs provide control and accuracy in the operating room, and the rise in public-private initiatives to support research activities extend profitable opportunities to market players in the forecast period.

The global market for minimally invasive medical devices was valued at $26.4 billion in 2022. The market is forecast to grow at a compound annual growth rate (CAGR) of 7.6% to reach $41.0 billion in 2028. In this report, the global market is segmented by type and region. By type, the market is segmented into equipment, applications and end users.

Companies Mentioned

  • 3M
  • Abbott
  • B. Braun Melsungen AG
  • Baxter
  • Becton, Dickinson and Co.
  • Bio-Rad Laboratories Inc.
  • Boston Scientific Corp.
  • Cardinal Health
  • Danaher Corp.
  • Dragerwerk AG & Co. Kgaa
  • F. Hoffmann-La Roche Ltd.
  • Integra Lifesciences Holdings Corp.
  • Johnson & Johnson Services Inc.
  • Medtronic
  • Olympus Corp.
  • Zimmer Biomet

Table Information