Press Release Description

Global Minimally Invasive Surgery Market to Record a Substantial CAGR of Around 17.8% During 2024-30

The Global Minimally Invasive Surgery Market is projected to grow at a CAGR of 17.8% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The Minimally Invasive Surgery (MIS) Market is experiencing robust growth, driven primarily by an increase in chronic and lifestyle-related diseases and a growing preference for less invasive medical interventions. Such advantages are making MIS a method of choice across various medical specialties, including gynecology, urology, and gastroenterology.

Major global players in the market are frequently introducing more sophisticated MIS equipment and tools, broadening the scope and efficacy of minimally invasive procedures. Despite these positive trends, the market faces certain challenges, such as the high costs associated with advanced MIS devices and a shortage of skilled professionals trained to utilize these innovative techniques. Nonetheless, the integration of surgical robots is playing a transformative role in the MIS field, enhancing the precision of procedures and making surgeries less dependent on the manual skills of surgeons. This integration improves patient outcomes and also proves to be cost-effective in the long run for healthcare providers and insurers.

Additionally, the market is seeing a steady flow of new product launches and increased regulatory approvals, which are opening up further avenues for growth. Hence, the future of the Minimally Invasive Surgery Market looks promising as technological advancements continue to drive improvements in surgical care, making procedures more efficient and accessible for a broader range of patients, further states the research report, “Global Minimally Invasive Surgery Market Analysis, 2024.”

Global Minimally Invasive Surgery Market

Global Minimally Invasive Surgery Market Segmentation Analysis

Endoscopy Devices to Lead the Global Minimally Invasive Surgery Market Growth

Based on the type, the market is further bifurcated into Surgical Devices, Imaging & Visualizing Systems, Electrosurgical Devices, Endoscopy Devices, and Medical Robots. The demand for Endoscopic Devices, which are minimally invasive tools that can be inserted through natural openings to explore internal organs or tissues, is on the rise due to their crucial role in medical diagnostics and minor surgical procedures. These devices are particularly vital for diagnosing and treating a variety of conditions, including gastrointestinal disorders, pancreatitis, stomach cancer, and respiratory and urinary tract disorders. As the global incidence of cancer continues to grow, the need for endoscopic devices is anticipated to surge, propelling this market segment's expansion in the years ahead.

North America to Dominate the Global Minimally Invasive Surgery Market Growth

North America continues to hold a significant share of the Global Minimally Invasive Surgery (MIS) Devices Market, driven largely by the high prevalence of chronic diseases that necessitate MIS interventions. In particular, the United States sees a high incidence of conditions such as cardiovascular diseases, cancer, and neurological disorders. These health challenges boost the demand for MIS, as these procedures typically offer fewer complications and quicker recovery times than traditional surgeries, making them increasingly preferred by both medical professionals and patients.

Technological advancements in the field of MIS devices also significantly contribute to market growth in this region. Innovations in surgical tools and methods improve the efficiency and outcomes of these procedures and also broaden the scope of conditions that can be treated minimally invasively.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Medtronic Plc, Abbott Laboratories, Becton, Dickinson, and Company, Stryker Corporation, Johnson & Johnson, Smith & Nephew, Siemens Healthineers, Philips Healthcare, CooperSurgical Inc., Fujifilm Corporation, GE Healthcare, Boston Scientific, Cook Medical, Zimmer Biomet Holdings, Karl Storz, etc. are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Market Size- By Value, Forecast Numbers, Segmentation, Market Shares)?
  2. What are the market trends influencing the current scenario of the Global Minimally Invasive Surgery Market?
  3. What key factors would propel and impede the industry across the regions?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping across the regions?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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