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Global Minimally Invasive Surgical Devices Market Size, Forecast: By Product Type: Handheld Instruments, Guiding Devices, Electrosurgical Devices, Surgical Scopes, Ablation Devices, Monitoring and Visualization Devices, Robotic-assisted Surgical Systems, Others; By Applications; By End User; Regional Analysis; Supplier Landscape; 2024-2032
Global Minimally Invasive Surgical Devices Market Outlook
The global minimally invasive surgical devices market size was valued at USD 27.18 billion in 2023, driven by the increasing demand for minimally invasive procedures across the globe. The market size is anticipated to grow at a CAGR of 9.6% during the forecast period of 2024-2032 to achieve a value of USD 62.08 billion by 2032.
Minimally Invasive Surgical Devices: Introduction
Minimally invasive surgical devices are devices involved in surgical procedures with minimal incisions and stitches. The term minimally invasive refers to minimal incisions that are made on human body in order to perform a surgery with minimum stitches. These devices do not support a specific definition. The small incisions made by minimally invasive devices enable a patient to recover much faster. There are multiple kind of minimally invasive surgical devices that are used in surgeries such as arthroscopic or laparoscopic devices, and even remote-controlled devices that are manipulated with indirect observation through an endoscope or large display panel by a healthcare professional.
Global Minimally Invasive Surgical Devices Market Analysis
The increasing focus on developing more minimally invasive surgical devices backed by advanced technology has been significantly driving the market growth. These advanced technologies might be used in the development of advanced imaging systems, miniature, and flexible devices, along with devices that could also be manipulated from a distance just like remote control devices. The rising competition amongst the key players is leading to the launch of such advanced products in the market, significantly propelling the minimally invasive surgical devices market development.
Robot assisted surgeries are already aiding the global minimally invasive surgical devices market growth. The results of these robot assisted surgeries are much more accurate and positive. This feedback is backed by the statements of real healthcare professionals being a part of these robot assisted surgeries. Due to the list of benefits these minimally invasive surgical devices provide, their demand is likely to continue rising.
Global 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 and 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
- Gynaecology Surgery
- Urology Surgery
- Orthopaedic 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
Global Minimally Invasive Surgical Devices Market Overview
The increasing prevalence of chronic diseases are escalating the demand for minimally invasive surgical procedures over traditional surgical procedures, contributing significantly to the growth of the market. The variety of medical specialization and indications that can be treated utilizing these devices are also anticipated to aid the minimally invasive surgical devices market expansion. Minimally invasive surgical devices are being used more frequently in a range of surgical procedures including gastrointestinal, urological, and cardiovascular surgeries. The increased involvement of advanced technologies in order to develop more efficient minimally invasive devices that would provide more accuracy and precision while performing these surgeries. The market is growing steadily and is expected to grow significantly in the coming years.
Global 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
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Applications |
|
| Breakup by End User |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 (2017-2023)
3.2 Global Minimally Invasive Surgical Devices Market Forecast Value (2024-2032)
4 Global Minimally Invasive Surgical Devices Market Landscape
4.1 Global Minimally Invasive Surgical Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Minimally Invasive Surgical Devices Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Technology
4.2.3 Analysis by Applications
5 Global Minimally Invasive Surgical Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Minimally Invasive Surgical Devices Market Segmentation
6.1 Global Minimally Invasive Surgical Devices Market by Product Type
6.1.1 Market Overview
6.1.2 Handheld Instruments
6.1.2.1 Graspers
6.1.2.2 Retractors/Elevators
6.1.2.3 Dilators
6.1.2.4 Suturing Instruments
6.1.2.5 Others
6.1.3 Guiding Devices
6.1.3.1 Guiding Catheters
6.1.3.2 Guidewires
6.1.4 Electrosurgical Devices
6.1.4.1 Electrosurgery Instruments & Accessories
6.1.4.2 Electrosurgery Generators
6.1.4.3 Patient Return Electrodes
6.1.4.4 Others
6.1.5 Surgical Scopes
6.1.5.1 Endoscope
6.1.5.2 Laparoscope
6.1.5.3 Gastroscope
6.1.5.4 Cystoscope
6.1.5.5 Ureteroscope
6.1.5.6 Others
6.1.6 Ablation Devices
6.1.7 Monitoring and Visualization Devices
6.1.8 Robotic-assisted Surgical Systems
6.1.9 Others
6.2 Global Minimally Invasive Surgical Devices Market by Applications
6.2.1 Market Overview
6.2.2 Gastrointestinal Surgery
6.2.3 Gynaecology Surgery
6.2.4 Urology Surgery
6.2.5 Orthopaedic and Spine Surgery
6.2.6 Bariatric Surgery
6.2.7 Breast Surgery
6.2.8 Cardiac Surgery
6.2.9 Cholecystectomy Surgery
6.2.10 Colectomy Surgery
6.2.11 Colon and Rectal Surgery
6.2.12 Ear, Nose, and Throat Surgery
6.2.13 Others
6.3 Global Minimally Invasive Surgical Devices Market by End User
6.3.1 Market Overview
6.3.2 Hospitals Surgical Department
6.3.3 Outpatient Surgery Patients
6.3.4 Individual Surgeons
6.3.5 Group Practice
6.3.6 Others
6.4 Global Minimally Invasive Surgical Devices Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Minimally Invasive Surgical Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Minimally Invasive Surgical Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Minimally Invasive Surgical Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Minimally Invasive Surgical Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Minimally Invasive Surgical Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Stryker
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 CONMED Corporation
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Intuitive Surgical
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 NuVasive, Inc.
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Fortimedix Surgical
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Microline Surgical
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Cirtec Medical
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 OmniGuide Holdings, Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Arthrex, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Eximis Surgical, Inc.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 B. Braun Melsungen, AG
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Medtronic
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Johnson & Johnson Services, Inc.
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 Abbott
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
17.15 Zimmer Biomet
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Mergers and Acquisitions
17.15.5 Certifications
18 Global Minimally Invasive Surgical Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 27.18 billion in 2023, driven by the rising need for surgeries.
The market is anticipated to grow at a CAGR of 9.6% during the forecast period of 2024-2032 and reach a market value of USD 62.08 billion by 2032.
The increasing prevalence of chronic diseases and increasing demand for minimally invasive procedures are among the key drivers for the market.
The increasing focus on manufacturing more technologically advanced minimally invasive devices is a major key trend in the global minimally invasive surgical devices market.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The different product types of minimally invasive surgical devices in the market include handheld instruments, guiding devices, electrosurgical devices, surgical scopes, ablation devices, monitoring and visualization devices, and robotic-assisted surgical systems, among others.
The end users include hospitals surgical department, outpatient surgery patients, individual surgeons, group practice, among others.
The applications of minimally invasive surgical devices include gastrointestinal surgery, gynaecology surgery, urology surgery, orthopaedic and spine surgery, bariatric surgery, breast surgery, cardiac surgery, cholecystectomy surgery, colectomy surgery, colon and rectal surgery, ear, nose and throat surgery, among others.
Key players involved in the market are 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, and Zimmer Biomet.
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