Global Minimally Invasive Surgery Devices Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Minimally Invasive Surgery Devices Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product (Handheld Instruments, Guiding Devices (Guiding Catheters, and Guidewires), Electrosurgical Devices, Endoscopic Devices, Laparoscopic Devices, Monitoring and Visualization Devices, Ablation Devices, Laser-based Devices, Robotic-assisted Surgical Systems, and Other MIS Devices), Application (Aesthetic, Cardiovascular, Gastrointestinal, Gynecological, Orthopedic, Urological, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
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.