Global Minimally Invasive Surgery Market Research Report: Forecast (2024-2030)

Market Definition

Minimally invasive surgery encompasses surgical techniques that aim to reduce physical trauma by using smaller incisions and specialized instruments. This approach leads to less tissue damage, reduced pain, quicker recovery times, and shorter hospital stays compared to traditional open surgery. Commonly employed methods include laparoscopic, robotic-assisted, and endoscopic surgery, each designed to enhance surgical precision and improve patient outcomes.

Market Insights & Analysis: Global Minimally Invasive Surgery Market (2024-30):

The Global Minimally Invasive Surgery Market size is estimated to grow at a CAGR of around 17.8% during the forecast period, i.e., 2024-30. An increase in chronic and lifestyle-related diseases and a growing preference for less invasive medical procedures are some of the factors influencing the market development. The benefits of MIS, such as fewer incisions, reduced infection risk, and quicker recovery times, make it a preferred choice for treating conditions in gynecology, urology, gastroenterology, and more. Furthermore, advancements & innovations in MIS technologies by global and regional market players are creating substantial opportunities for industry expansion.

Also, the increasing global adoption of surgical robots, which have transformed MIS by offering cost-effective solutions with outcomes comparable to those of in-patient and conventional surgeries, continues to add value for both patients and insurers. This trend is expected to persist and contribute in enhancing the Minimally Invasive Surgery Market size. Moreover, the frequent introduction of new products and a rise in regulatory approvals are expanding market opportunities. For instance:

• In 2022, Abbott launched Navitor, a cutting-edge transcatheter aortic valve implantation system designed for extensive use in managing aortic stenosis.

Therefore, these developments highlight a robust position for the Minimally Invasive Surgery (MIS) Market, as technological advancements and strategic expansions continue to drive in the forthcoming period.

Global Minimally Invasive Surgery Market Driver:

Rising Chronic Conditions and Aging Population to Thrive Demand for Minimally Invasive Surgery –  The escalating prevalence of chronic conditions such as diabetes, obesity, cardiovascular, and orthopedic diseases serves as a primary driver for the growth of the Minimally Invasive Surgery (MIS) Market. These conditions often require surgical interventions, and MIS provides a less invasive option that not only reduces the trauma associated with traditional surgeries but also shortens recovery times and diminishes pain post-operation.

Techniques like laparoscopic, endoscopic, and bariatric surgeries have been increasingly preferred for their efficacy in treating gastrointestinal issues & obesity, reflecting an ongoing shift towards procedures that enhance patient outcomes and satisfaction. Furthermore, the aging global population, which is more susceptible to a variety of age-related ailments, such as joint disorders, urological, and gastrointestinal diseases, greatly contributes to the demand for MIS. These procedures are particularly advantageous for older patients because they involve less risk and require shorter recovery periods, making MIS an essential and expanding field in modern healthcare.

Global Minimally Invasive Surgery Market Opportunity:

Robotic-Assisted Surgery Transforming the Market Growth – The ongoing advancements in robotic-assisted surgery present a significant opportunity for the Minimally Invasive Surgery Market, headed by leading companies, such as Intuitive Surgical, Medtronic, Stryker, etc. These companies are enhancing the precision and capabilities of their robotic systems, allowing for more complex procedures to be performed with reduced physical trauma and significantly improved patient outcomes, such as shorter recovery times and fewer complications. Intuitive Surgical's da Vinci systems have been widely adopted, facilitating over one million surgeries annually, including a substantial number in oncology.

Additionally, the integration of artificial intelligence and machine learning into these technologies allows for personalized and adaptive procedures, tailored to meet individual patient needs. This widespread acceptance and implementation of advanced robotic technologies are set to broaden the scope and impact of minimally invasive surgeries, catalyzing market growth and transforming healthcare delivery.

Global Minimally Invasive Surgery Market Challenge:

High Initial Investment Costs Impacting the Minimally Invasive Surgery Market –  High initial investment costs pose a significant challenge to the growth of the Global Minimally Invasive Surgical Devices Market. The adoption & implementation of advanced technologies, such as robotic surgical systems like the Da Vinci Surgical System, sophisticated imaging equipment, and specialized instruments, require substantial upfront expenses.

Robotic systems not only have high acquisition costs but also incur ongoing expenses related to maintenance, software updates, and training, with annual maintenance alone costing around USD 125,000. Hence, these financial burdens are particularly daunting for smaller hospitals & clinics, potentially hindering the frequency and availability of minimally invasive surgeries in certain regions. Moreover, the general trend of budget cuts across healthcare facilities, especially noted in European countries, necessitates stringent cost-containment measures, further complicating the financial feasibility of adopting these advanced surgical techniques, thus limiting the Minimally Invasive Surgery Market growth.

Global Minimally Invasive Surgery Market Trend:

Technological Innovations Fueling the Minimally Invasive Surgery Market – The Minimally Invasive Surgery Market is experiencing significant growth driven by advancements in technology that enhance surgical precision and expand procedural capabilities. Leading companies like Intuitive Surgical, known for its da Vinci Surgical System, exemplify the benefits of robotic-assisted surgery by enabling complex operations to be performed with remarkable precision and minimal trauma.

Alongside Intuitive Surgical, companies such as Medtronic and Stryker are also key players, advancing the field with innovations in imaging technologies that offer high-definition, three-dimensional views, improving both the accuracy & safety of surgeries. Moreover, the adoption of augmented reality (AR) and virtual reality (VR) technologies by these companies is transforming surgical training & planning, providing surgeons with real-time, enhanced visual data and greater spatial awareness. These breakthroughs not only optimize surgical outcomes but also broaden the range of treatable conditions through minimally invasive techniques, thereby propelling market growth and setting new standards in healthcare efficiency and patient care.

Global Minimally Invasive Surgery Market (2024-30): Segmentation Analysis

The Global Minimally Invasive Surgery Market study by MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the regional level. In accordance to the analysis, the market has been further classified as:

Based on the Product:

• Surgical Devices
  • Handheld Instruments
  • Guiding Devices
  • Inflation Systems
  • Laparoscopic Devices
• Imaging & Visualizing Systems
  • Ultrasound
  • CT Imaging
  • MRI Imaging
  • X-Ray Imaging
  • Visualization Systems
• Electrosurgical Devices
  • Electrosurgical Generators & Accessories
  • Electrocautery Devices
• Endoscopy Devices
  • Rigid Endoscopes
  • Flexible Endoscopes
  • Diagnostic Endoscopes
• Medical Robots
  • Robotic Systems
  • Robotic Instruments
  • Robotic Softwares and Services

The Endoscopy Devices segment emerged as the leading contributor to the Global Minimally Invasive Surgery Market, capturing the largest market share. Endoscopic devices, which are minimally invasive and can be inserted through natural openings in the body to examine internal organs or tissues, are increasingly in demand due to their critical role in medical diagnostics and minor surgeries. These devices are particularly essential for addressing various conditions, including gastrointestinal disorders, pancreatitis, stomach cancer, respiratory and urinary tract disorders. With the ongoing global burden of cancer, the demand for endoscopic devices is expected to surge, further driving growth in this market segment over the coming years.

Based on the End User:

• Hospitals & Clinics
• Ambulatory Surgical Centers
• Orthopedic, Emergency, and Trauma Centers
• Others

The Hospitals & Clinics category is expected to maintain its leading position in the Global Minimally Invasive Surgery Market, due to an increasing prevalence of chronic disorders among the elderly. This demographic shift has resulted in a higher number of hospital admissions for the treatment of chronic ailments. Hospitals are expected to see sustained growth during the forecast period, driven by an increase in the number of operating rooms in hospitals in developing countries, strong patient preference for hospitals owing to favorable reimbursements, and access to advanced minimally invasive surgeries.

Global Minimally Invasive Surgery Market (2019-30): Regional Projections

Geographically, the Global Minimally Invasive Surgery Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

North America has consistently held a significant portion of the Minimally Invasive Surgery Devices Market in recent years, and this trend is expected to continue throughout the forecast period. This sustained growth is primarily attributed to the high incidence of diseases that require minimally invasive interventions and a growing awareness of the benefits of MIS procedures. In the United States, the prevalence of chronic conditions such as cardiovascular diseases, cancer, and neurological disorders is notably high, further driving the demand for these surgeries. The region's market growth is also being propelled by technological advancements in surgical devices and the introduction of new products by leading industry players.

Global Minimally Invasive Surgery Industry Recent Development:

• 2023: Medtronic obtained CE mark approval for its Affera Mapping and Ablation System, designed for the treatment of atrial arrhythmias.
• 2023: Stryker Corporation's Q Guidance System for cranial applications received clearance from the US FDA to support cranial surgeries.

Gain a Competitive Edge with Our Global Minimally Invasive Surgery Market Report

• Global Minimally Invasive Surgery Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• Global Minimally Invasive Surgery Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.