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Report
Minimally Invasive Surgery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 147 Pages I IMARC Group
Market Overview:
The global minimally invasive surgery market size reached US$ 49.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 73.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
A minimally invasive surgery utilizes surgical techniques that limit the size and number of cuts or incisions during an operation with the help of small tools, cameras and lights. This procedure is much safer in nature as compared to traditional open surgery as it results in fewer complications, quicker recovery, minimal blood loss, good results and shorter hospital stays. Due to these factors, these surgeries are gaining popularity amongst surgeons as well as patients all over the world. They are mostly being used for cardiothoracic, orthopedic, vascular and neurological surgical procedures.
Market Drivers:
Rising geriatric population across the globe coupled with the increasing prevalence of arthritis, cancer and cardiovascular diseases is impelling the demand for these surgeries as they are associated with fewer risks and minimal procedural trauma.
These procedures are now being performed with the help of robotic technology which allows precise control over the surgery. This has resulted in higher success rates of these procedures which, in turn, is bolstering the market growth.
Technologically advanced products, such as narrow-band imaging endoscopes, and HD cameras have been introduced by manufacturers which are creating a positive outlook for the industry worldwide.
As these surgeries aid in reducing post-operative pain and offer fast recovery, numerous surgeons are now performing them in their own clinics. Therefore, the rising number of physician-owned ambulatory surgical centers (ASCs) is providing impetus to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global minimally invasive surgery market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, application and end-user.
Breakup by Product Type:
Surgical Devices
Laparoscopy Devices
Monitoring and Visualization Devices
Breakup by Application:
Bariatric Surgery
Breast Surgery
Cardiac Surgery
Cosmetic Surgery
Gastrointestinal Surgery
Gynaecological Surgery
Orthopedics and Spine Surgery
Thoracic Surgery
Others
Breakup by End-User:
Hospitals
Clinics
Others
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Zimmer Biomet Inc., Medtronic Inc., GE Healthcare, Intuitive, Eximis Surgical, Stryker Corporation, Arthrex, B. Braun, Bauer Medical, Check-Cap, Cook Medical, OmniGuide, Inc., Orthofix Holdings,Inc, Pentax, Philips Healthcare, RF System, Smith & Nephew, TransEnterix, Virtual Ports, etc.
Key Questions Answered in This Report:
How has the global minimally invasive surgery market performed so far and how will it perform in the coming years?
What are the key regional markets in the global minimally invasive surgery industry?
What has been the impact of COVID-19 on the global minimally invasive surgery industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global minimally invasive surgery industry?
What are the key driving factors and challenges in the global minimally invasive surgery industry?
What is the structure of the global minimally invasive surgery industry and who are the key players?
What is the degree of competition in the global minimally invasive surgery industry?
What are the profit margins in the global minimally invasive surgery industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Minimally Invasive Surgery Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by End-User
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Product Type
6.1 Surgical Devices
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Laparoscopy Devices
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Monitoring and Visualization Devices
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Bariatric Surgery
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Breast Surgery
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Cardiac Surgery
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Cosmetic Surgery
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Gastrointestinal Surgery
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Gynaecological Surgery
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Orthopedics and Spine Surgery
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Thoracic Surgery
7.8.1 Market Trends
7.8.2 Market Forecast
7.9 Others
7.9.1 Market Trends
7.9.2 Market Forecast
8 Market Breakup by End-User
8.1 Hospitals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Clinics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Zimmer Biomet Inc.
14.3.2 Medtronic Inc.
14.3.3 GE Healthcare
14.3.4 Intuitive
14.3.5 Eximis Surgical
14.3.6 Stryker Corporation
14.3.7 Arthrex
14.3.8 B. Braun
14.3.9 Bauer Medical
14.3.10 Check-Cap
14.3.11 Cook Medical
14.3.12 OmniGuide, Inc.
14.3.13 Orthofix Holdings,Inc
14.3.14 Pentax
14.3.15 Philips Healthcare
14.3.16 RF System
14.3.17 Smith & Nephew
14.3.18 TransEnterix
14.3.19 Virtual Ports
Figure 1: Global: Minimally Invasive Surgery Market: Major Drivers and Challenges
Figure 2: Global: Minimally Invasive Surgery Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Minimally Invasive Surgery Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Minimally Invasive Surgery Market: Breakup by Application (in %), 2022
Figure 5: Global: Minimally Invasive Surgery Market: Breakup by End-User (in %), 2022
Figure 6: Global: Minimally Invasive Surgery Market: Breakup by Region (in %), 2022
Figure 7: Global: Minimally Invasive Surgery Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Minimally Invasive Surgery Industry: SWOT Analysis
Figure 9: Global: Minimally Invasive Surgery Industry: Value Chain Analysis
Figure 10: Global: Minimally Invasive Surgery Industry: Porter's Five Forces Analysis
Figure 11: Global: Minimally Invasive Surgery (Surgical Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Minimally Invasive Surgery (Surgical Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Minimally Invasive Surgery (Laparoscopy Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Minimally Invasive Surgery (Laparoscopy Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Minimally Invasive Surgery (Monitoring and Visualization Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Minimally Invasive Surgery (Monitoring and Visualization Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Minimally Invasive Surgery (Bariatric Surgery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Minimally Invasive Surgery (Bariatric Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Minimally Invasive Surgery (Breast Surgery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Minimally Invasive Surgery (Breast Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Minimally Invasive Surgery (Cardiac Surgery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Minimally Invasive Surgery (Cardiac Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Minimally Invasive Surgery (Cosmetic Surgery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Minimally Invasive Surgery (Cosmetic Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Minimally Invasive Surgery (Gastrointestinal Surgery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Minimally Invasive Surgery (Gastrointestinal Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Minimally Invasive Surgery (Gynaecological Surgery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Minimally Invasive Surgery (Gynaecological Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Minimally Invasive Surgery (Orthopedics and Spine Surgery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Minimally Invasive Surgery (Orthopedics and Spine Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Minimally Invasive Surgery (Thoracic Surgery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Minimally Invasive Surgery (Thoracic Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Minimally Invasive Surgery (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Minimally Invasive Surgery (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Minimally Invasive Surgery (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Minimally Invasive Surgery (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Minimally Invasive Surgery (Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Minimally Invasive Surgery (Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Minimally Invasive Surgery (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Minimally Invasive Surgery (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Minimally Invasive Surgery Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Minimally Invasive Surgery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Europe: Minimally Invasive Surgery Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Europe: Minimally Invasive Surgery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia Pacific: Minimally Invasive Surgery Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia Pacific: Minimally Invasive Surgery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Middle East and Africa: Minimally Invasive Surgery Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Middle East and Africa: Minimally Invasive Surgery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Latin America: Minimally Invasive Surgery Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Latin America: Minimally Invasive Surgery Market Forecast: Sales Value (in Million US$), 2023-2028
Table 1: Global: Minimally Invasive Surgery Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Minimally Invasive Surgery Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Minimally Invasive Surgery Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Minimally Invasive Surgery Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 5: Global: Minimally Invasive Surgery Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Minimally Invasive Surgery Market Structure
Table 7: Global: Minimally Invasive Surgery Market: Key Players
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