Minimally Invasive And Non Invasive Product And Service Market on Track for Strong Growth, Estimated to Grow at 7.9% CAGR Through 2029

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What Is the Expected CAGR for the Minimally Invasive And Non Invasive Product And Service Market Through 2025?
The market size for minimally invasive and non-invasive products and services has seen substantial growth in the recent past. Its size is projected to increase from $140.65 billion in 2024 to a whopping $148.77 billion in 2025, showcasing a compound annual growth rate (CAGR) of 5.8%. Factors behind this growth during the historic period include influence from early adopters, collaborations within industry and research, changes and approvals in regulations, along with shifting patient expectations.

What's the Projected Size of the Global Minimally Invasive And Non Invasive Product And Service Market by 2029?
In the forthcoming years, the market size for minimally invasive and non invasive products and services is projected to experience substantial growth, climbing to $201.67 billion in 2029 with a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth during the predicted period include increased healthcare costs, shifts in consumer preferences, changes and approvals in regulations, market consolidation and competition, and efforts towards training and education. The anticipated trends during this period are an upsurge in cosmetic and aesthetic procedures, emphasis on personalized medicine, increased attention to outpatient services, broadened applications, and the incorporation of AI and robotics.

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Top Growth Drivers in the Minimally Invasive And Non Invasive Product And Service Industry: What's Accelerating the Market?
An increase in the aged population is anticipated to spur the expansion of the market for minimally invasive and non-invasive products and services. The term 'geriatric population' refers to individuals aged 65 and over who have retired. As people age, the expanding geriatric demographic leads to a heightened need for non-invasive procedures and goods, such as hearing aids and external splints. For example, as reported by the World Health Organization, a public health organization based in Switzerland, the number of people worldwide aged 60 or above is expected to rise to 1.4 billion by 2022, up from 1 billion in 2020. Furthermore, by 2030, one in six people around the world will be aged 60 or over. Consequently, the increasing elderly population is contributing significantly to the growth of the market for minimally invasive and non-invasive products and services.

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What Long-Term Trends Will Define the Future of the Minimally Invasive And Non Invasive Product And Service Market?
The prevalence of innovative surgical technologies marks a significant trend in the minimally invasive and non-invasive product and service market, as dominant market players focus on innovation to maintain their market position. For example, in December 2022, Abbott Laboratories, the American multinational medical device and healthcare company, introduced their newest generation of the Transcatheter Aortic Valve Implantation (TAVI) system. The Navitor valve, unique in design, effectively prevents blood leakage, thereby improving the effectiveness of TAVI procedures. This system is the most recent addition to Abbott's range of transcatheter solutions, providing physicians and patients with less intrusive options for managing heart conditions.

What Are the Main Segments in the Minimally Invasive And Non Invasive Product And Service Market?
The minimally invasive and non invasive product and service market covered in this report is segmented -

1) By Type: Surgical Devices, Electrosurgical Devices, Imaging Devices, Robotic Systems, Other types
2) By Technology: Non-Visual imaging, Transcatheter Surgery, Laparoscopic Surgery
3) By Application: Cardio Thoracic Surgery, Vascular Surgery, Neurological Surgery, Cosmetic Surgery, Gastrointestinal Surgery, Dental Surgery
4) By End-User: Hospital Surgical Departments, Outpatient Surgical Centers, Group Practices, Individual Surgeons, Medical Schools, Other End-Users

Subsegments:
1) By Surgical Devices: Endoscopes, Laparoscopic Instruments, Trocars, Surgical Staplers
2) By Electrosurgical Devices: Monopolar Electrosurgical Devices, Bipolar Electrosurgical Devices, Electrosurgical Generators
3) By Imaging Devices: Ultrasound Machines, MRI Machines, CT Scanners, X-ray Machines
4) By Robotic Systems: Surgical Robotic Systems, Robotic-Assisted Laparoscopic Systems, Robotic Rehabilitation Devices
5) By Other Types: Non-Invasive Monitoring Devices, Drug Delivery Systems, Wound Care Products

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Which Top Companies are Driving Growth in the Minimally Invasive And Non Invasive Product And Service Market?
Major companies operating in the minimally invasive and non invasive product and service market include Medtronic Plc, Integra LifeSciences Corporation, NuVasive Inc., Olympus Corporation, Smith & Nephew Plc, Stryker Corporation, Teleflex Incorporated, Boston Scientific Corporation, CONMED Corporation, Surgical Innovations Group Plc, Clarus Medical LLC, Intuitive Surgical Inc., Fujifilm Holdings Corporation, Zimmer Biomet Holdings Inc., B. Braun Holding GmbH & Co. KG, Alphatec Holdings Inc., Auris Health Inc., CooperSurgical Inc., HOYA Corporation, GE Healthcare, Siemens Healthineers, Abbott Laboratories, Koninklijke Philips N.V., Praxis Medical Devices, ATEC Spine, PQ Bypass, Terumo Medical Corporation, Nexter Medical SAS, Cook Medical Inc., Johnson & Johnson Inc., Coloplast A/S, AtriCure Inc.

Which Regions Will Dominate the Minimally Invasive And Non Invasive Product And Service Market Through 2029?
North America was the largest region in the minimally invasive and non invasive product and service market in 2024. The regions covered in the minimally invasive and non invasive product and service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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