Minimally Invasive Surgery Market Size, Share, Report 2028

Market Overview:
Global Minimally Invasive Surgery Market was valued at USD 53.08 billion in 2021 and is expected to reach USD 97.66 billion by the year 2028, at a CAGR of 9.1%.

Minimally invasive surgery is surgery in which doctors use a different type of technique that is done using small incisions (cuts) and a few stitches. The types of minimally invasive surgery include adrenalectomy, splenectomy, brain surgery, spine surgery, colectomy, kidney transplant, gallbladder surgery, hiatal hernia, and heart surgery. The less body pain, less damage to the body, shorter hospital stays, and fewer complications associated with the minimally invasive surgery. Therefore, most surgeons use most of the time minimally invasive surgery and continual innovations in minimally invasive surgery offer benefits to people with a wide range of conditions which provides growth for the market.

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Market Dynamics:
Driver:
In recent years, with the prevalence of chronic diseases such as respiratory disease, kidney disease, and heart disease, therefore the popularity of minimally invasive surgery is increased. The changing people's lifestyles and some environmental factors cause chronic disease prevalence. According to World Health Organization (WHO) statistics report for 2021, about 41 million people are killed each year due to non-communicable disorders known as chronic diseases. The Peoples are more aware of innovative surgeries for the treatment of chronic diseases which peoples the growth of the minimally invasive surgery market.

Opportunities:
The growing funding from the government as well as private organizations in healthcare infrastructure development creates a big opportunity for the minimally invasive surgery market in the forecast year. Moreover, the advanced robotics adoption in AS also offers the opportunity. The continuing innovation in robotic surgery systems therefore their adoption and preference for robotics-assisted surgical systems in complex surgeries growing. Also, cutting-edge 3D visualization technology adoption and the growing research and development of surgical instruments offer a lucrative opportunity for the minimally invasive surgery market.

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Market Segmentation
Segmentation Analysis of Minimally Invasive Surgery Market:
Depending on device, the surgical device segment is anticipated to dominate the minimally invasive surgery market during the projected period. More than 59 million surgical procedures are performed every year in the US, and out of which, 85 percent utilize electrosurgical devices.
• Surgical Devices
• Monitoring & Visualization Devices
• Endoscopy Devices

Depending on the surgery method, the traditional segment is expected to lead the minimally invasive surgery market in the projected period. The cost involved in the traditional method of laparoscopic surgery is low as compared to robotic laparoscopic. Moreover, the traditional method requires less training period and can be easily administered by medical professionals thus, supporting the development of this segment.
• Robot-Assisted
• Traditional

Depending on surgery type, the orthopedic segment is forecasted to have the highest share of the minimally invasive surgery market. With the rise in the aging population, there is an increase in orthopedic patients, with 6.6 million orthopedic surgeries occurring annually by 2020.
• Gastrointestinal
• Cardiothoracic
• Gynecological
• Urological
• Orthopedic
• Others

Depending on end-users, the hospital segment is forecasted to be the prominent shareholder of the minimally invasive surgery market. With the majority of individuals preferring hospitals for surgical procedures due to highly skilled healthcare professionals, the demand for minimally invasive surgery methods has seen a rise.
• Hospitals
• Ambulatory Surgery Centers

Regional Analysis of Minimally Invasive Surgery Market:
The North American region is forecasted to have the highest share of the minimally invasive surgery market. The technological advancements and presence of major service providers in this region are the major factors supporting the growth of the market in this region. The USA and Canada are the prominent countries fueling the expansion of the market in this region. Moreover, the healthcare sector in the United States and Canada is highly developed. The rise in the expenditure on the healthcare industry and the rising inclination towards less painful surgery methods are the factors stimulating the expansion of the market in this region.

The Asia-Pacific region is anticipated to have the highest significant growth rate during the projected period attributed to the highly advanced healthcare facilities and the presence of top-class government and private hospitals. Moreover, a vast majority of the worldwide population choose India, China, Japan, and South Korea for various surgical procedures owing to the less cost associated with medical services. Furthermore, the rise in the demand for minimally invasive surgery methods, robust development of healthcare infrastructure, and technological advancements are promoting the development of the minimally invasive surgery market in this region.

The European region is expected to grow at a positive growth rate over the projected period owing to the highly developed healthcare industry. Moreover, countries such as the United Kingdom, Netherlands, France, and Germany have seen a significant rise in the number of patients undergoing minimally invasive surgical procedures. Furthermore, 49 million people in European countries are living with cardiovascular diseases, and the cost of these diseases to European Union (EU) economies is as high as US$ 237 billion thus, supporting the growth of the minimally invasive surgery market in this region.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Minimally Invasive Surgery Market are:
• NuVasive Inc (US)
• Siemens Healthineers (Germany)
• Stryker Corporation (US)
• Teleflex Inc. (US)
• Intuitive Surgical (US)
• Beverly Hills Orthopedic Institute (US)
• Boston Center for Ambulatory Surgery Inc. (US)
• Weill Cornell Medicine (US)
• Smart Medical Devices Inc. (US)
• Taiwan Surgical Corporation (Taiwan)
• Tissium (France)
• ZSX Medical LLC (US)
• Ancillary Advantage Inc. (US) and other major players.

Recent Industry Developments In Minimally Invasive Surgery Market
In September 2021, Teleflex Incorporated announced that two new UroLift System products, the UroLift Advanced Tissue Control (ATC) System and the UroLift 2 System will be launched at the American Urological Association (AUA) 2021 Annual Meeting. These two new products are built on the highly successful UroLift System. The UroLift ATC System features an enhanced delivery device tip designed to make it easier for urologists to treat BPH patients with minimally invasive procedures.

In March 2021, NuVasive, Inc., the leader in providing minimally invasive surgery solutions for spine surgery, announced the continuation of the partnership with the International Spine Study Group Foundation (ISSGF). This partnership will be focused on evaluating complex adult spinal deformity treated with minimally invasive surgery for 10 years.

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Table Of Contents
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities By Segment
 3.1 By Device
 3.2 By Surgery Method
 3.3 By Type of Surgery
 3.4 By End-User

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Continue.

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