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Global Minimally Invasive Surgical Devices Market Report and Forecast 2023-2031
Market Report I 2023-07-11 I 160 Pages I EMR Inc.
Global Minimally Invasive Surgical Devices Market Report and Forecast 2023-2031
Global Minimally Invasive Surgical Devices Market Outlook
The global minimally invasive surgical devices market was valued at USD 24.8 billion in 2022, driven by the increasing prevalence of sports injuries and orthopaedic disorders across the globe. The market size is anticipated to grow at a CAGR of 9.61% during the forecast period of 2023-2031 to achieve a value of USD 56.5 billion by 2031.
Minimally Invasive Surgical Devices: Introduction
Minimally invasive surgery has revolutionized the field of healthcare by offering patients less invasive treatment options, reduced pain, shorter recovery times, and improved cosmetic outcomes. Minimally invasive surgical devices play a crucial role in enabling these procedures and have become an integral part of modern surgical practice.
Minimally invasive surgical devices encompass a wide range of instruments, tools, and equipment used in procedures that involve smaller incisions or natural orifices instead of large open surgeries. These devices are designed to provide surgeons with enhanced visualization, precision, and control, allowing them to perform complex procedures with minimal trauma to the patient's body.
Key Trends in the Minimally Invasive Surgical Devices Market
Key Trends in the minimally invasive surgical devices Market:
- Technological Advancements: The market for minimally invasive surgical devices is driven by continuous technological advancements. Manufacturers are focusing on developing innovative devices that offer improved precision, visualization, and maneuverability during surgical procedures. Key technological advancements include the integration of robotic systems, artificial intelligence, augmented reality, and advanced imaging techniques.
- Growing Preference for Robotic-Assisted Surgeries: Robotic-assisted surgical systems are gaining popularity in the field of minimally invasive surgery. These systems offer enhanced dexterity, precision, and control to surgeons, resulting in improved surgical outcomes. The market is witnessing an increasing number of installations of robotic surgical systems in hospitals and surgical centers.
- Increasing Application in Different Medical Specialties: Minimally invasive surgical devices are being adopted across various medical specialties, including general surgery, gynecology, urology, orthopedics, and cardiovascular surgery. The market is witnessing an expanding range of devices tailored to specific procedures and specialties, catering to the unique needs of different surgeons and patients.
Minimally Invasive Surgical Devices Market Segmentations
Market Breakup by Product Type
- Handheld Instruments
- Graspers
- Retractors/Elevators
- Dilators
- Suturing Instruments
- Others
- Guiding Devices
- Guiding Catheters
- Guidewires
- Electrosurgical Devices
- Electrosurgery Instruments & Accessories
- Electrosurgery Generators
- Patient Return Electrodes
- Others
- Surgical Scopes
- Endoscope
- Laparoscope
- Gastroscope
- Cystoscope
- Ureteroscope
- Others
- Ablation Devices
- Monitoring and Visualization Devices
- Robotic-assisted Surgical Systems
- Others
Market Breakup by Applications
- Gastrointestinal Surgery
- Gynecology Surgery
- Urology Surgery
- Orthopedic and Spine Surgery
- Bariatric Surgery
- Breast Surgery
- Cardiac Surgery
- Cholecystectomy Surgery
- Colectomy Surgery
- Colon and Rectal Surgery
- Ear, Nose, and Throat Surgery
- Others
Market Breakup by End User
- Hospitals Surgical Department
- Outpatient Surgery Patients
- Individual Surgeons
- Group Practice
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Minimally Invasive Surgical Devices Market Scenario
The market for minimally invasive surgical devices has been witnessing significant growth in recent years, driven by the increasing demand for less invasive and more precise surgical procedures. Minimally invasive surgeries offer several advantages over traditional open surgeries, including reduced trauma, faster recovery times, shorter hospital stays, and minimal scarring. These benefits have led to a shift in preference among healthcare providers and patients towards minimally invasive techniques.
The global market for minimally invasive surgical devices comprises a wide range of products, including laparoscopic instruments, robotic surgical systems, endoscopic equipment, surgical lasers, electrosurgical devices, and imaging systems. These devices are used across various medical specialties, such as general surgery, gynaecology, urology, orthopaedics, and cardiovascular surgery.
Key factors driving the growth of the minimally invasive surgical devices market include advancements in technology, increasing prevalence of chronic diseases, growing geriatric population, and rising demand for cost-effective healthcare solutions. Additionally, favourable reimbursement policies, increasing healthcare expenditure, and the need for reduced healthcare-associated infections are further contributing to market expansion.
In conclusion, the market for minimally invasive surgical devices is witnessing significant growth worldwide due to the increasing demand for less invasive procedures and technological advancements in the field. With the continuous development of innovative devices and the expansion of applications in different medical specialties, the market is expected to continue its growth trajectory in the coming years.
Minimally Invasive Surgical Devices Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Stryker
- CONMED Corporation
- Intuitive Surgical
- NuVasive, Inc.
- Fortimedix Surgical
- Microline Surgical
- Cirtec Medical
- OmniGuide Holdings, Inc.
- Arthrex, Inc.
- Eximis Surgical, Inc.
- B. Braun Melsungen, AG
- Medtronic
- Johnson & Johnson Services, Inc.
- Abbott
- Zimmer Biomet
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Minimally Invasive Surgical Devices Market Overview
3.1 Global Minimally Invasive Surgical Devices Market Historical Value (2016-2022)
3.2 Global Minimally Invasive Surgical Devices Market Forecast Value (2023-2031)
4 Global Minimally Invasive Surgical Devices Market Dynamics
4.1 Market Drivers and Constraints
4.2 SWOT Analysis
4.3 Porter's Five Forces Model
4.4 Key Demand Indicators
4.5 Key Price Indicators
4.6 Industry Events, Initiatives, and Trends
4.7 Value Chain Analysis
5 Global Minimally Invasive Surgical Devices Market Segmentation
5.1 Global Minimally Invasive Surgical Devices Market by Product Type
5.1.1 Market Overview
5.1.2 Handheld Instruments
5.1.2.1 Graspers
5.1.2.2 Retractors/Elevators
5.1.2.3 Dilators
5.1.2.4 Suturing Instruments
5.1.2.5 Others
5.1.3 Guiding Devices
5.1.3.1 Guiding Catheters
5.1.3.2 Guidewires
5.1.4 Electrosurgical Devices
5.1.4.1 Electrosurgery Instruments & Accessories
5.1.4.2 Electrosurgery Generators
5.1.4.3 Patient Return Electrodes
5.1.4.4 Others
5.1.5 Surgical Scopes
5.1.5.1 Endoscope
5.1.5.2 Laparoscope
5.1.5.3 Gastroscope
5.1.5.4 Cystoscope
5.1.5.5 Ureteroscope
5.1.5.6 Others
5.1.6 Ablation Devices
5.1.7 Monitoring and Visualization Devices
5.1.8 Robotic-assisted Surgical Systems
5.1.9 Others
5.2 Global Minimally Invasive Surgical Devices Market by Applications
5.2.1 Market Overview
5.2.2 Gastrointestinal Surgery
5.2.3 Gynaecology Surgery
5.2.4 Urology Surgery
5.2.5 Orthopaedic and Spine Surgery
5.2.6 Bariatric Surgery
5.2.7 Breast Surgery
5.2.8 Cardiac Surgery
5.2.9 Cholecystectomy Surgery
5.2.10 Colectomy Surgery
5.2.11 Colon and Rectal Surgery
5.2.12 Ear, Nose, and Throat Surgery
5.2.13 Others
5.3 Global Minimally Invasive Surgical Devices Market by End User
5.3.1 Market Overview
5.3.2 Hospitals Surgical Department
5.3.3 Outpatient Surgery Patients
5.3.4 Individual Surgeons
5.3.5 Group Practice
5.3.6 Others
5.4 Global Minimally Invasive Surgical Devices Market by Region
5.4.1 Market Overview
5.4.2 North America
5.4.3 Europe
5.4.4 Asia Pacific
5.4.5 Latin America
5.4.6 Middle East and Africa
6 North America Minimally Invasive Surgical Devices Market
6.1 Market Share by Country
6.2 United States of America
6.3 Canada
7 Europe Minimally Invasive Surgical Devices Market
7.1 Market Share by Country
7.2 United Kingdom
7.3 Germany
7.4 France
7.5 Italy
7.6 Others
8 Asia Pacific Minimally Invasive Surgical Devices Market
8.1 Market Share by Country
8.2 China
8.3 Japan
8.4 India
8.5 ASEAN
8.6 Australia
8.7 Others
9 Latin America Minimally Invasive Surgical Devices Market
9.1 Market Share by Country
9.2 Brazil
9.3 Argentina
9.4 Mexico
9.5 Others
10 Middle East and Africa Minimally Invasive Surgical Devices Market
10.1 Market Share by Country
10.2 Saudi Arabia
10.3 United Arab Emirates
10.4 Nigeria
10.5 South Africa
10.6 Others
11 Patent Analysis
11.1 Analysis by Type of Patent
11.2 Analysis by Publication year
11.3 Analysis by Issuing Authority
11.4 Analysis by Patent Age
11.5 Analysis by CPC Analysis
11.6 Analysis by Patent Valuation
11.7 Analysis by Key Players
12 Grants Analysis
12.1 Analysis by year
12.2 Analysis by Amount Awarded
12.3 Analysis by Issuing Authority
12.4 Analysis by Grant Application
12.5 Analysis by Funding Institute
12.6 Analysis by NIH Departments
12.7 Analysis by Recipient Organization
13 Funding Analysis
13.1 Analysis by Funding Instances
13.2 Analysis by Type of Funding
13.3 Analysis by Funding Amount
13.4 Analysis by Leading Players
13.5 Analysis by Leading Investors
13.6 Analysis by Geography
14 Partnership and Collaborations Analysis
14.1 Analysis by Partnership Instances
14.2 Analysis by Type of Partnership
14.3 Analysis by Leading Players
14.4 Analysis by Geography
15 Regulatory Framework
15.1 Regulatory Overview
15.1.1 US FDA
15.1.2 EU EMA
15.1.3 INDIA CDSCO
15.1.4 JAPAN PMDA
15.1.5 Others
16 Supplier Landscape
16.1 Stryker
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisitions
16.1.5 Certifications
16.2 CONMED Corporation
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisitions
16.2.5 Certifications
16.3 Intuitive Surgical
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisitions
16.3.5 Certifications
16.4 NuVasive, Inc.
16.4.1 Financial Analysis
16.4.2 Product Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisitions
16.4.5 Certifications
16.5 Fortimedix Surgical
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisitions
16.5.5 Certifications
16.6 Microline Surgical
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisitions
16.6.5 Certifications
16.7 Cirtec Medical
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisitions
16.7.5 Certifications
16.8 OmniGuide Holdings, Inc.
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisitions
16.8.5 Certifications
16.9 Arthrex, Inc.
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisitions
16.9.5 Certifications
16.10 Eximis Surgical, Inc.
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisitions
16.10.5 Certifications
16.11 B. Braun Melsungen, AG
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisitions
16.11.5 Certifications
16.12 Medtronic
16.12.1 Financial Analysis
16.12.2 Product Portfolio
16.12.3 Demographic Reach and Achievements
16.12.4 Mergers and Acquisitions
16.12.5 Certifications
16.13 Johnson & Johnson Services, Inc.
16.13.1 Financial Analysis
16.13.2 Product Portfolio
16.13.3 Demographic Reach and Achievements
16.13.4 Mergers and Acquisitions
16.13.5 Certifications
16.14 Abbott
16.14.1 Financial Analysis
16.14.2 Product Portfolio
16.14.3 Demographic Reach and Achievements
16.14.4 Mergers and Acquisitions
16.14.5 Certifications
16.15 Zimmer Biomet
16.15.1 Financial Analysis
16.15.2 Product Portfolio
16.15.3 Demographic Reach and Achievements
16.15.4 Mergers and Acquisitions
16.15.5 Certifications
17 Global Minimally Invasive Surgical Devices Market - Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket
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