Quick Summary:
As the global arena of minimally invasive surgeries continues to evolve, understanding its depth becomes crucial for any business executive seeking an edge in the healthcare industry. These surgeries, which use specialized tools and techniques to reduce incision size and recovery times compared to traditional surgeries, offer a safer alternative appealing to surgeons and patients alike. They are widely used in areas such as cardiothoracic, orthopedic, vascular, and neurological procedures.
Consider the surge in demand driven by an aging population and rising prevalence of diseases like arthritis, cancer, and cardiovascular issues. Factor in the advancements in technology, from robotic operations to high-definition cameras, increasing procedure success rates and market growth. Additionally, as these surgeries can be performed in clinics and reduce post-operative pain and recovery time, the rising number of surgeries conducted in physician-owned ASCs also contributes to the market growth.
Our report offers a comprehensive analysis of these trends, forecasts for the market at the global and regional levels, and an exploration of market segmentation based on product type, application, and end user. It also provides insights into the competitive landscape, featuring key players in the industry.
A minimally invasive surgery utilizes surgical techniques that limit the size and number of cuts or incisions during an operation with the help of small tools, cameras and lights. This procedure is much safer in nature as compared to traditional open surgery as it results in fewer complications, quicker recovery, minimal blood loss, good results and shorter hospital stays. Due to these factors, these surgeries are gaining popularity amongst surgeons as well as patients all over the world. They are mostly being used for cardiothoracic, orthopedic, vascular and neurological surgical procedures.
Market Drivers:
Rising geriatric population across the globe coupled with the increasing prevalence of arthritis, cancer and cardiovascular diseases is impelling the demand for these surgeries as they are associated with fewer risks and minimal procedural trauma.- These procedures are now being performed with the help of robotic technology which allows precise control over the surgery. This has resulted in higher success rates of these procedures which, in turn, is bolstering the market growth.
- Technologically advanced products, such as narrow-band imaging endoscopes, and HD cameras have been introduced by manufacturers which are creating a positive outlook for the industry worldwide.
- As these surgeries aid in reducing post-operative pain and offer fast recovery, numerous surgeons are now performing them in their own clinics. Therefore, the rising number of physician-owned ambulatory surgical centers (ASCs) is providing impetus to the market growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global minimally invasive surgery market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, application and end-user.Breakup by Product Type:
- Surgical Devices
- Laparoscopy Devices
- Monitoring and Visualization Devices
Breakup by Application:
- Bariatric Surgery
- Breast Surgery
- Cardiac Surgery
- Cosmetic Surgery
- Gastrointestinal Surgery
- Gynaecological Surgery
- Orthopedics and Spine Surgery
- Thoracic Surgery
- Others
Breakup by End-User:
- Hospitals
- Clinics
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Zimmer Biomet Inc., Medtronic Inc., GE Healthcare, Intuitive, Eximis Surgical, Stryker Corporation, Arthrex, B. Braun, Bauer Medical, Check-Cap, Cook Medical, OmniGuide, Inc., Orthofix Holdings,Inc, Pentax, Philips Healthcare, RF System, Smith & Nephew, TransEnterix, Virtual Ports, etc.Key Questions Answered in This Report:
- How has the global minimally invasive surgery market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global minimally invasive surgery industry?
- What has been the impact of COVID-19 on the global minimally invasive surgery industry?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the global minimally invasive surgery industry?
- What are the key driving factors and challenges in the global minimally invasive surgery industry?
- What is the structure of the global minimally invasive surgery industry and who are the key players?
- What is the degree of competition in the global minimally invasive surgery industry?
- What are the profit margins in the global minimally invasive surgery industry?
What is the estimated value of the Global Minimally Invasive Surgery Market?
What is the growth rate of the Global Minimally Invasive Surgery Market?
What is the forecasted size of the Global Minimally Invasive Surgery Market?
Who are the key companies in the Global Minimally Invasive Surgery Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 49.5 Billion |
| Forecasted Market Value ( USD | $ 73.8 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 19 |
Table of Contents
Companies Mentioned
- Zimmer Biomet Inc.
- Medtronic Inc.
- GE Healthcare
- Intuitive
- Eximis Surgical
- Stryker Corporation
- Arthrex
- B. Braun
- Bauer Medical
- Check-Cap
- Cook Medical
- OmniGuide Inc.
- Orthofix Holdings,Inc
- Pentax
- Philips Healthcare
- RF System
- Smith & Nephew
- TransEnterix
- Virtual Ports
Methodology
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