Minimally Invasive Surgery Market Size, Share, Trends, Growth and Forecast 2032

Minimally Invasive Surgery Market: Industry Prospective

The Global Minimally Invasive Surgery Market size accrued earnings worth approximately USD 68.34 Billion in 2023 and is predicted to gain revenue of about USD 283.33 Billion by 2032, is set to record a CAGR of nearly 17.24% over the period from 2024 to 2032.

Minimally Invasive Surgery Market Overview

Minimally invasive surgery has played a pivotal role in general surgery as the best substitute for conventional open surgery and traditional laparoscopic methods. Nevertheless, technological breakthroughs in minimally invasive surgical methods are likely to create new growth avenues for the market over the forthcoming years. Apparently, minimally invasive surgeries include single-incision laparoscopic surgery and natural orifice transluminal endoscopic surgery.  Additionally, minimally invasive surgeries have resulted in a reduction of post-operative pain and lessened hospital stay. The emergence of a multi-disciplinary approach for enhancing minimally invasive surgeries is likely to further reduce errors.

The report offers a valuation and analysis of the Minimally Invasive Surgery market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).

Request Free Sample

Minimally Invasive Surgery Market: Growth Drivers

Surgical robots have created a paradigm shift in the minimally invasive surgery domain and their use is surging across the healthcare sector, thereby inflating the growth of the minimally invasive surgery market. In addition to this, the thriving nanotechnology sector is likely to further expand the scope of the minimally invasive surgery industry within the next few years. Furthermore, the large-scale application of minimally invasive surgical devices in neurological, cardiac, oral surgical methods, orthopedic, neurology, and ophthalmic procedures will open new vistas of growth for the global minimally invasive surgery industry over the forthcoming years.

Request Free Sample

Furthermore, minimally invasive surgical methods are utilized for reducing the complications associated with infections and wounds and this will prompt the expansion of the minimally invasive surgery market in the next few years. Nonetheless, frequent changes in the laws regulating the medical device industry are anticipated to impede the growth of the minimally invasive surgery market over the ensuing years.

Minimally Invasive Surgery Market: Report Scope

Minimally Invasive Surgery Market Segmentation Analysis

The minimally invasive surgery market is categorized on the basis of product type, application, technology, and end user. The growth amongst these sectors will help you examine inadequate growth segments in the industries and provide the users with a beneficial market overview and industry insights to assist them make strategic decisions for discovering core market applications.

On the basis of product type, the global minimally invasive surgery market is separated into surgical devices, monitoring and visualization systems, laparoscopy devices, endosurgical equipment and electrosurgical equipment.

By application segments, the global minimally invasive surgery market is categorized into gastrointestinal surgery, gynecology surgery, urology surgery, cosmetic surgery, thoracic surgery, vascular surgery, orthopedic and spine surgery, bariatric surgery, breast surgery, cardiac surgery, adrenalectomy surgery, anti-reflux surgery, cancer surgery, cholecystectomy surgery, colectomy surgery, colon and rectal surgery, ear, nose and throat surgery and obesity surgery.

North American Market To Accrue Massive Earnings Over 2024-2032

The increment in the regional market size during the estimated timeframe can be attributed to the surge in the number of surgeries along with an early diagnosis of the ailments. Apart from this, an increase in ambulatory centers along with escalating popularity of minimally invasive surgeries in the countries like the U.S. and Canada will drive business growth over the forecasting years. In addition to this, the rise in the aging population prone to health disorders has enhanced the adoption of minimally invasive surgical procedures in the sub-continent in recent years.

Key players profiled in the report and influencing the market growth include

• Medtronic Inc.
• Smith & Nephew
• Philips Healthcare
• Orthofix Holdings, Inc.
• Zimmer Biomet Inc.
• Cook Medical
• Intuitive
• GE Healthcare
• Stryker Corporation
• OmniGuide, Inc.
• Eximis Surgical
• B. Braun
• Arthrex
• TransEnterix
• Check-Cap
• Bauer Medical
• Pentax
• RF System
• and Virtual Ports.

The global minimally invasive surgery market is segmented as follows:

By Product Type

• Surgical Devices
• Ablation devices
• Medical Robotic Systems
• Monitoring and Visualization Systems
• Ultrasound Equipment
• X-Ray Devices
• Magnetic Resonance Imaging Equipment
• Computed Tomography Scanners
• Laparoscopy Devices
• Endosurgical Equipment
• Electrosurgical Equipment
• Electrosurgical Generators
• Electrosurgical Instruments
• Electrocautery Devices

By Application

• Gastrointestinal Surgery
• Gynecology Surgery
• Urology Surgery
• Cosmetic Surgery
• Thoracic Surgery
• Vascular Surgery
• Orthopedic and Spine Surgery
• Joint Replacement Surgery
• Spinal Surgery
• Bariatric Surgery
• Breast Surgery
• Cardiac Surgery
• Adrenalectomy Surgery
• Anti-Reflux Surgery
• Cancer Surgery
• Cholecystectomy Surgery
• Colectomy Surgery
• Colon and Rectal Surgery
• Ear, Nose, and Throat Surgery
• Obesity Surgery

By Technology

• Transcatheter Surgery
• Laparoscopy Surgery
• Non-Visual Imaging
• Medical Robotics

By End Users

• Hospital Surgical Departments
• Outpatient Surgery Centers
• Group Practices
• Individual Surgeons

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa