2023: Medtronic obtained CE mark approval for its Affera Mapping and Ablation System, designed for the treatment of atrial arrhythmias.
According to MarkNtel Advisors study, 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.
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.
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Key Findings in Minimally Invasive Surgery Market:
| Historical Years | 2019-2022 |
| Base Years | 2023 |
| Forecast Years | 2024-2030 |
| Key Report Highlights | · Market Dimensions & Projections· Pricing Evaluation,· Recent Strategic Moves by Companies,· Primary Stakeholders,· Analysis of Import and Export Trends,· Competitive Landscape Assessment,· Emerging Opportunities,· Market Trends and Indicators |
| Reports Delivery Format | Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 25 hours of the payment being successfully received, the report will be sent to your email address. |
Minimally Invasive Surgery Market Key Players:
Medtronics 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, among others
Market Segmentation Overview:
By Product
-Surgical Devices
–Handheld Instruments
—Tubular Retractor
—Dilator
—Suturing Instruments
—Probes
—Laser Fiber Devices
–Guiding Devices
—Guiding Catheters
—Guidewires
–Inflation Systems
—Balloon Catheters
—Balloon Inflation Systems
–Laparoscopic Devices
—Laparoscope
—Trocar & Cannula
—RASP (Robotic Assisted Simple Prostatectomy)
—Graspers & Dissectors
-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 & 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.
By Application
-Cardio-Thoracic Surgery
-Vascular Surgery
-Neurological Surgery
-ENT & Respiratory Surgery
-Cosmetic Surgery
-Gastrointestinal & Abdominal Surgery
-Urological Surgery
-Orthopedic Surgery
-Oncology Surgery
-Dental Surgery
-Others
By End User
-Hospitals & Clinics
-Ambulatory Surgical Centers
-Orthopedic, Emergency, and Trauma Centers
-Others
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
The Minimally Invasive Surgery Industry Recent Development:
2023: Stryker Corporation’s Q Guidance System for cranial applications received clearance from the US FDA to support cranial surgeries.
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