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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Minimally Invasive Surgery Devices Market: By Product Type, By Application, By End User, and Geography
Minimally Invasive Surgery Devices Market: By Product Type, By Application, By End User, and Geography
Minimally Invasive Surgery Devices Market size is estimated to be valued at US$ 13,951.2 million in 2023 and is poised to grow at a CAGR of 6.5% from 2024-2030. Increasing patient population, improvements in healthcare infrastructure, and rising healthcare expenditure boost the market. The prevalence of cardiovascular disorders and other non-communicable diseases also surge the minimally invasive surgery devices market over the forecast years. According to the World Health Organization, around 13.2 million people died in Brazil, with 74 percent of those deaths caused by noncommunicable diseases. The rise in R&D activities and fundraising by public and private sectors for the development of technologically advanced minimally invasive surgery devices may enhance the market's revenue. Increased patient demand also boosts the market. Strategic partnership and collaborations among the market players create an opportunity for the minimally invasive surgery devices market.
Moreover, innovative, disruptive technology and continued acceptance and future growth of open-to -MIS (Minimally invasive surgery) create an excellent opportunity for the market. Based on End User, the hospitals segment accounted for the highest revenue share of 60% in 2021 and is estimated to dominate the market throughout the forecast period to reach US$ 11,295.3 mn by 2028. An increasing number of hospitals with high skilled professionals and a growing number of surgeries due to increasing diseases are significant factors driving the growth of this segment.
Study Period
2024-2030Base Year
2023CAGR
6.5%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
The growing number of surgeries attributed to increasing chronic diseases such as gastrointestinal diseases, kidney diseases & heart diseases, and the increasing geriatric population are the major growth drivers of the market. Moreover, government funding for minimally invasive surgery devices also drives the market. Minimally invasive surgery equipment is more expensive, and special training is needed to handle these devices, which hampers the market growth.
In 2020, North America had the most significant share of the market. Increasing healthcare spending, rising surgeries, and increasing investments in R&D are all driving demand for the minimally invasive surgery devices market in North America. Increasing demand for Minimally invasive procedures also boosts the market in this region. On the other hand, Asia-Pacific is anticipated to grow at the fastest rate over the forecast period due to the developing economy and the emergence of minimally invasive surgical procedures.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 13,951.2 million |
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Market CAGR |
6.5% |
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By Product Type |
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By Application |
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By End User |
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By Region |
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The global minimally invasive surgery devices market size was valued at US$ 13,951.2 million in 2023 and is projected to grow at a CAGR of 6.5% by 2030.
Increasing Prevalence of Lifestyle-related and Chronic Disorders
Asia Pacific is the fastest-growing for minimally invasive surgery devices market
| 1. Executive Summary |
| 2. Global Minimally Invasive Surgery Devices Market Introduction |
| 2.1.Global Minimally Invasive Surgery Devices Market - Taxonomy |
| 2.2.Global Minimally Invasive Surgery Devices Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3. Global Minimally Invasive Surgery Devices Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Minimally Invasive Surgery Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Minimally Invasive Surgery Devices Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Auxiliary Devices |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Cutter Instruments |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Electrosurgical Devices |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Guiding Devices |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Handheld Instruments |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Inflation Devices |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Monitoring & Visualization Devices |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Surgical Staplers |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Sutures |
| 5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 5.10. Others |
| 5.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.10.3. Market Opportunity Analysis |
| 6. Global Minimally Invasive Surgery Devices Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Gynecological Surgery |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Gastrointestinal Surgery |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Orthopedic Surgery |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Cardiothoracic Surgery |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Cosmetic Surgery |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Bariatric Surgery |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Urological Surgery |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7. Global Minimally Invasive Surgery Devices Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Hospitals |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Clinics |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Ambulatory Surgical Centers |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global Minimally Invasive Surgery Devices Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Minimally Invasive Surgery Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Auxiliary Devices |
| 9.1.2.Cutter Instruments |
| 9.1.3.Electrosurgical Devices |
| 9.1.4.Guiding Devices |
| 9.1.5.Handheld Instruments |
| 9.1.6.Inflation Devices |
| 9.1.7.Monitoring & Visualization Devices |
| 9.1.8.Surgical Staplers |
| 9.1.9.Sutures |
| 9.1.10.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Gynecological Surgery |
| 9.2.2.Gastrointestinal Surgery |
| 9.2.3.Orthopedic Surgery |
| 9.2.4.Cardiothoracic Surgery |
| 9.2.5.Cosmetic Surgery |
| 9.2.6.Bariatric Surgery |
| 9.2.7.Urological Surgery |
| 9.2.8.Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Hospitals |
| 9.3.2.Clinics |
| 9.3.3.Ambulatory Surgical Centers |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Minimally Invasive Surgery Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Auxiliary Devices |
| 10.1.2.Cutter Instruments |
| 10.1.3.Electrosurgical Devices |
| 10.1.4.Guiding Devices |
| 10.1.5.Handheld Instruments |
| 10.1.6.Inflation Devices |
| 10.1.7.Monitoring & Visualization Devices |
| 10.1.8.Surgical Staplers |
| 10.1.9.Sutures |
| 10.1.10.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Gynecological Surgery |
| 10.2.2.Gastrointestinal Surgery |
| 10.2.3.Orthopedic Surgery |
| 10.2.4.Cardiothoracic Surgery |
| 10.2.5.Cosmetic Surgery |
| 10.2.6.Bariatric Surgery |
| 10.2.7.Urological Surgery |
| 10.2.8.Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Hospitals |
| 10.3.2.Clinics |
| 10.3.3.Ambulatory Surgical Centers |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Minimally Invasive Surgery Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Auxiliary Devices |
| 11.1.2.Cutter Instruments |
| 11.1.3.Electrosurgical Devices |
| 11.1.4.Guiding Devices |
| 11.1.5.Handheld Instruments |
| 11.1.6.Inflation Devices |
| 11.1.7.Monitoring & Visualization Devices |
| 11.1.8.Surgical Staplers |
| 11.1.9.Sutures |
| 11.1.10.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Gynecological Surgery |
| 11.2.2.Gastrointestinal Surgery |
| 11.2.3.Orthopedic Surgery |
| 11.2.4.Cardiothoracic Surgery |
| 11.2.5.Cosmetic Surgery |
| 11.2.6.Bariatric Surgery |
| 11.2.7.Urological Surgery |
| 11.2.8.Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Hospitals |
| 11.3.2.Clinics |
| 11.3.3.Ambulatory Surgical Centers |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Minimally Invasive Surgery Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Auxiliary Devices |
| 12.1.2.Cutter Instruments |
| 12.1.3.Electrosurgical Devices |
| 12.1.4.Guiding Devices |
| 12.1.5.Handheld Instruments |
| 12.1.6.Inflation Devices |
| 12.1.7.Monitoring & Visualization Devices |
| 12.1.8.Surgical Staplers |
| 12.1.9.Sutures |
| 12.1.10.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Gynecological Surgery |
| 12.2.2.Gastrointestinal Surgery |
| 12.2.3.Orthopedic Surgery |
| 12.2.4.Cardiothoracic Surgery |
| 12.2.5.Cosmetic Surgery |
| 12.2.6.Bariatric Surgery |
| 12.2.7.Urological Surgery |
| 12.2.8.Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Hospitals |
| 12.3.2.Clinics |
| 12.3.3.Ambulatory Surgical Centers |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Minimally Invasive Surgery Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Auxiliary Devices |
| 13.1.2.Cutter Instruments |
| 13.1.3.Electrosurgical Devices |
| 13.1.4.Guiding Devices |
| 13.1.5.Handheld Instruments |
| 13.1.6.Inflation Devices |
| 13.1.7.Monitoring & Visualization Devices |
| 13.1.8.Surgical Staplers |
| 13.1.9.Sutures |
| 13.1.10.Others |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Gynecological Surgery |
| 13.2.2.Gastrointestinal Surgery |
| 13.2.3.Orthopedic Surgery |
| 13.2.4.Cardiothoracic Surgery |
| 13.2.5.Cosmetic Surgery |
| 13.2.6.Bariatric Surgery |
| 13.2.7.Urological Surgery |
| 13.2.8.Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Hospitals |
| 13.3.2.Clinics |
| 13.3.3.Ambulatory Surgical Centers |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Abbott |
| 14.2.2.Medtronic |
| 14.2.3.Boston Scientific Corporation. |
| 14.2.4.Braun Melsungen AG. |
| 14.2.5.Koninklijke Philips N.V., |
| 14.2.6.Stryker |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.