Market Overview

The Global Minimally Invasive Surgery Devices Market was valued at USD 34,214.0 million in 2023 and is expected to reach USD 61,600.4 million by 2031 while growing at a CAGR of 7.6% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global minimally invasive surgery devices market growth. Minimally invasive surgery (MIS) devices, medical instruments for surgeries, are designed for procedures through small incisions or natural body openings, unlike traditional open surgery. The primary aim is to minimize trauma, reduce scarring, alleviate postoperative pain, and accelerate patient recovery. Ongoing technological innovations and the continuous development of these devices contribute to the growing adoption of minimally invasive techniques in various medical specialties.

The increasing prevalence of chronic diseases and global initiatives promoting minimally invasive surgery are propelling substantial growth in the minimally invasive surgery devices market. Despite these favorable factors, the market's expansion may encounter obstacles, such as high initial costs and concerns about device safety.

Furthermore, the global minimally invasive surgery devices industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Analysis

The Global Minimally Invasive Surgery Devices Market is segmented among Handheld Instruments, Guiding Devices, Electrosurgical Devices, Endoscopic Devices, Laparoscopic Devices, Monitoring and Visualization Devices, Ablation Devices, Laser-based Devices, Robotic-assisted Surgical Systems, and Other MIS Devices, based on product. In 2023, Handheld Instruments accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Minimally Invasive Surgery Devices Market is segmented among Aesthetic, Cardiovascular, Gastrointestinal, Gynecological, Orthopedic, Urological, and Other Applications, based on application. In 2023, Orthopedic accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Minimally Invasive Surgery Devices Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Abbott Laboratories, Boston Scientific, Intuitive Surgical Inc., Koninklijke Philips NV, Medtronic PLC, Olympus Corporation, HOYA Corporation (Microline Surgical), Steris, Stryker Corporation, and Zimmer Biomet Holdings Inc.

 Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Minimally Invasive Surgery Devices Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Minimally Invasive Surgery Devices Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Minimally Invasive Surgery Devices Market Segmentation, By Product

• Global Minimally Invasive Surgery Devices Market Share Analysis, By Product

• Global Minimally Invasive Surgery Devices Market Growth Analysis, By Product

• Global Minimally Invasive Surgery Devices Market Trends, By Product

o Handheld Instruments

o Guiding Devices

Ø Guiding Catheters

Ø Guidewires

o Electrosurgical Devices

o Endoscopic Devices

o Laparoscopic Devices

o Monitoring and Visualization Devices

o Ablation Devices

o Laser-based Devices

o Robotic-assisted Surgical Systems

o Other MIS Devices

6. Global Minimally Invasive Surgery Devices Market Segmentation, By Application

• Global Minimally Invasive Surgery Devices Market Share Analysis, By Application

• Global Minimally Invasive Surgery Devices Market Growth Analysis, By Application

• Global Minimally Invasive Surgery Devices Market Trends, By Application

o Aesthetic Cardiovascular

o Gastrointestinal

o Gynecological

o Orthopedic

o Urological

o Other Applications

7. Global Minimally Invasive Surgery Devices Market Segmentation, By Region

• Global Minimally Invasive Surgery Devices Market Share Analysis, By Region

• Global Minimally Invasive Surgery Devices Market Growth Analysis, By Region

• Global Minimally Invasive Surgery Devices Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Abbott Laboratories *

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Boston Scientific

• Intuitive Surgical Inc.

• Koninklijke Philips NV

• Medtronic PLC

• Olympus Corporation

• HOYA Corporation (Microline Surgical)

• Steris

• Stryker Corporation

• Zimmer Biomet Holdings Inc. 

*Similar analysis will be provided for each company listed above.