Minimally Invasive Surgery Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Minimally Invasive Surgery Devices Market: By Product Type (Auxiliary Devices, Cutter Instruments, Electrosurgical Devices, Guiding Devices, Handheld Instruments, Inflation Devices, Monitoring & Visualization Devices, Surgical Staplers, Sutures, Others), By Application (Gynecological Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Cardiothoracic Surgery, Cosmetic Surgery, Bariatric Surgery, Urological Surgery, Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers), and Geography

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Report

Description

Minimally Invasive Surgery Devices Market size is estimated to be valued at USD 13,951.2 million in 2021 and is expanded to grow at a significant CAGR of 6.5% over 2022-2028. 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 USD 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.

Recent Market Developments:

In March 2021, Boston Scientific announced that it has entered into a definitive agreement with an affiliate of Baring Private Equity Asia (BPEA) to acquire the global surgical business of Lumenis LTD., a privately-held company that develops and commercializes energy-based medical solutions.

In February 2020, Medical technology company Medtronic has announced the acquisition of Digital Surgery, a UK-based firm with a focus on surgical artificial intelligence (AI), data and analytics.

Minimally Invasive Surgery Devices Market

MARKET SUMMARY
-
6.5% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.5%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Minimally Invasive Surgery Devices Market

  • The minimally invasive surgery devices market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The minimally invasive surgery devices market is segmented based on product type, application, end user, and geography.
Key Players
  • Boston Scientific Corporation.
  • Braun Melsungen AG.
  • Koninklijke Philips N.V.,
  • Olympus Corporation
  • Stryker
Minimally Invasive Surgery Devices Market

Dynamics

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.


North-America Got Significant Share

Minimally Invasive Surgery Devices Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The minimally invasive surgery devices market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Minimally Invasive Surgery Devices Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Company Profile

  • Abbott
  • Medtronic
  • Boston Scientific Corporation.
  • Braun Melsungen AG.
  • Koninklijke Philips N.V.,
  • Stryker
  • Olympus Corporation
  • Smith+Nephew.
  • Zimmer Biomet

Description

Minimally Invasive Surgery Devices Market size is estimated to be valued at USD 13,951.2 million in 2021 and is expanded to grow at a significant CAGR of 6.5% over 2022-2028. 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 USD 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.

Recent Market Developments:

In March 2021, Boston Scientific announced that it has entered into a definitive agreement with an affiliate of Baring Private Equity Asia (BPEA) to acquire the global surgical business of Lumenis LTD., a privately-held company that develops and commercializes energy-based medical solutions.

In February 2020, Medical technology company Medtronic has announced the acquisition of Digital Surgery, a UK-based firm with a focus on surgical artificial intelligence (AI), data and analytics.

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