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Global Minimally Invasive Surgery Market: By Product Type: Surgical Devices, Laparoscopy Devices, Monitoring and Visualisation Devices; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Minimally Invasive Surgery Market Outlook

The global minimally invasive surgery market size was nearly USD 39 billion in 2019. The industry is further expected to grow at a CAGR of 7.8% in the forecast period of 2020-2025 to attain USD 61.2 billion by 2025.

The global minimally invasive surgery market is being driven by the growing incidences of cardiovascular and other diseases coupled with the rising demand for surgical procedures that are less painful and allows for faster recovery. The hospital segment, among other end-use sectors, accounts for a significant share in the global industry. 

Region-wise, North America is one of the leading markets owing to the availability of advanced technology and enhanced healthcare infrastructure. On the other hand, the Asia Pacific is expected to witness a healthy growth in the future owing to the increased government expenditure for the development of healthcare facilities in the region coupled with the presence of increased population.

 

Properties and Applications

A minimally invasive surgery refers to the use of surgical techniques that reduce or limit the size and number of cuts during an operation by utilizing devices like small tools, cameras, and lights. This procedure is much safer in comparison to traditional open surgery owing to fewer complications, reduced recovery time, minimal blood loss, good results, and shorter hospital stays. 

On the basis of product type, the industry is divided into:

  • Surgical Devices 
  • Laparoscopy Devices
  • Monitoring and Visualisation Devices 

On the basis of applications, the industry can be further segmented into:

  • Bariatric Surgery
  • Breast Surgery
  • Cardiac Surgery
  • Cosmetic Surgery
  • Gastrointestinal Surgery
  • Gynaecological Surgery
  • Orthopaedics and Spine Surgery
  • Thoracic Surgery
  • Others

It finds end-use in sectors like:

  • Hospitals
  • Clinics
  • Others

The report further covers and analyses the regional minimally invasive surgery markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The global minimally invasive surgery market is being driven by the growing healthcare infrastructure, increasing demand for minimally invasive surgeries, and the rising health concern among consumers. As minimally invasive surgeries help in reducing post-operative pain and provides scope for fast recovery, numerous surgeons are adopting these procedures and are performing minimally invasive surgeries in their own clinics. Thus, the growing number of physician-owned ambulatory surgical centres (ASCs) are significantly contributing to the market growth. The rising geriatric population across the globe, coupled with the growing prevalence of arthritis, cancer, and cardiovascular diseases, is leading to a rise in demand for these surgeries as they are associated with fewer risks and minimal procedural trauma. The rising disposable incomes, particularly in emerging regions, will also aid the industry further.

The rapid advancement in technology is significantly contributing to the industry growth. The surgical procedures are now being carried out with the help of robotics technology, thus providing precision and control over surgery. This has resulted in faster completion and a rise in the success rates of these procedures, which, in turn, is boosting the industry growth.

The increased expenditure by the governments to improve healthcare infrastructure and growing research and development activities are aiding the market growth. Moreover, to satisfy the growing consumer demand for improved surgical procedures, the leading players in the minimally invasive surgery industry are focusing on innovating and launching new products. The development of the latest technologies, such as narrow-band imaging endoscopes and HD cameras by manufacturers, is expected to have a positive effect on the industry growth over the forecast period.  

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global minimally invasive surgery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Zimmer Biomet
  • Medtronic 
  • Stryker 
  • Arthrex, Inc. 
  • B. Braun Melsungen AG
  • Cook Group
  • Eximis Surgical, LLC.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Minimally Invasive Surgery Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Minimally Invasive Surgery Historical Market (2015-2019) 
    8.3    Global Minimally Invasive Surgery Market Forecast (2020-2025)
    8.4    Global Minimally Invasive Surgery Market by Product Type
        8.4.1    Surgical Devices
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Laparoscopy Devices
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Monitoring and Visualisation Devices
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
    8.5    Global Minimally Invasive Surgery Market by Application
        8.5.1    Bariatric Surgery
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Breast Surgery
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Cardiac Surgery
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Cosmetic Surgery
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Gastrointestinal Surgery
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        8.5.6    Gynaecological Surgery
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2015-2019)
            8.5.6.3    Forecast Trend (2020-2025)
        8.5.7    Orthopaedics and Spine Surgery
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2015-2019)
            8.5.7.3    Forecast Trend (2020-2025)
        8.5.8    Thoracic Surgery
            8.5.8.1    Market Share
            8.5.8.2    Historical Trend (2015-2019)
            8.5.8.3    Forecast Trend (2020-2025)
        8.5.9    Others
    8.6    Global Minimally Invasive Surgery Market by End Use
        8.6.1    Hospitals  
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Clinics
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Others
    8.7    Global Minimally Invasive Surgery Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Market by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Market by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Market by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Market by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Market by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players
    12.3    Company Profiles
        12.3.1    Zimmer Biomet
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    Medtronic 
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    Stryker 
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    Arthrex, Inc. 
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    B. Braun Melsungen AG
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Certifications
        12.3.6    Cook Group
            12.3.6.1    Company Overview
            12.3.6.2    Product Portfolio
            12.3.6.3    Demographic Reach and Achievements
            12.3.6.4    Certifications
        12.3.7    Eximis Surgical, LLC.
            12.3.7.1    Company Overview
            12.3.7.2    Product Portfolio
            12.3.7.3    Demographic Reach and Achievements
            12.3.7.4    Certifications
        12.3.8    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Minimally Invasive Surgery Market: Key Industry Highlights, 2015 and 2025
2.    Global Minimally Invasive Surgery Historical Market: Breakup by Product Type (USD Billion), 2015-2019
3.    Global Minimally Invasive Surgery Market Forecast: Breakup by Product Type (USD Billion), 2020-2025
4.    Global Minimally Invasive Surgery Historical Market: Breakup by Application (USD Billion), 2015-2019
5.    Global Minimally Invasive Surgery Market Forecast: Breakup by Application (USD Billion), 2020-2025
6.    Global Minimally Invasive Surgery Historical Market: Breakup by End Use (USD Billion), 2015-2019
7.    Global Minimally Invasive Surgery Market Forecast: Breakup by End Use (USD Billion), 2020-2025
8.    Global Minimally Invasive Surgery Historical Market: Breakup by Region (USD Billion), 2015-2019
9.    Global Minimally Invasive Surgery Market Forecast: Breakup by Region (USD Billion), 2020-2025
10.    North America Minimally Invasive Surgery Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    North America Minimally Invasive Surgery Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Europe Minimally Invasive Surgery Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Europe Minimally Invasive Surgery Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Asia Pacific Minimally Invasive Surgery Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Asia Pacific Minimally Invasive Surgery Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Latin America Minimally Invasive Surgery Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Latin America Minimally Invasive Surgery Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Middle East and Africa Minimally Invasive Surgery Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Middle East and Africa Minimally Invasive Surgery Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Global Minimally Invasive Surgery Market Structure

Key Questions Answered in the Report

The global minimally invasive surgery market reached a value of USD 39 billion in 2019.

The market is projected to grow at a CAGR of nearly 7.8% in the forecast period of 2020-2025.

The market is estimated to reach a value of about USD 61.2 billion by 2025.

The major drivers of the industry include rising disposable incomes, growing healthcare infrastructure, rising demand for minimally invasive surgeries, increasing health concern among consumers, rapid advancements in technology, and the rising number of physician-owned ambulatory surgical centres (ASCs).

The rising expenditure by the governments to improve healthcare infrastructure and rising research and development activities are expected to be the key trends guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America dominating the market.

The major product types in the industry include surgical, laparoscopy, and monitoring and visualisation devices.

The major application sectors in the industry are bariatric, breast, cardiac, cosmetic, gastrointestinal, gynaecological, orthopaedics and spine, and thoracic surgery, among others.

Hospitals account for the largest market share, among other end-use segments in the industry.

The leading players in the market are Zimmer Biomet, Medtronic, Stryker, Arthrex, Inc., B. Braun Melsungen AG, Cook Group, and Eximis Surgical, LLC., among others.

Analyst Review

The global minimally invasive surgery market attained a value of USD 39 billion in 2019, driven by the growth in the construction industry. Aided by the rising health concern among consumers, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 7.8%. The industry is projected to reach USD 61.2 billion by 2025. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the global minimally invasive surgery industry can be segmented into surgical, laparoscopy, and monitoring and visualisation devices. By applications, the industry can be divided into bariatric, breast, cardiac, cosmetic, gastrointestinal, gynaecological, orthopaedics and spine, and thoracic surgery, among others. On the basis of end uses, hospitals account for the largest share in the global industry. The major regional markets for minimally invasive surgery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Zimmer Biomet, Medtronic, Stryker, Arthrex, Inc., B. Braun Melsungen AG, Cook Group, and Eximis Surgical, LLC., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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