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The minimally invasive surgical instruments market is forecasted to grow significantly, reaching approximately USD 49.6 billion by 2029, exhibiting a CAGR of 9.5% during the forecast period. This growth reflects increasing demand for less invasive surgical options and technological advancements.
The global minimally invasive surgical instruments market is primarily driven by the benefits of MIS procedures, including reduced patient trauma, lower infection risks, and quicker recovery times, leading to reduced healthcare expenditures. The increasing acceptance of surgical robots and their integration into minimally invasive surgeries further fuels market expansion. Growing product approvals and new product launches by key market players also create robust opportunities for market growth. As the geriatric population increases and chronic diseases become more prevalent, the demand for minimally invasive surgeries is expected to rise significantly. The market is witnessing continuous innovation, particularly in cardiac, orthopedic, ophthalmic, neurological, and oral surgical procedures, enhancing surgical precision and patient safety. The introduction of novel MIS products is enabling complex procedures previously deemed unsuitable for minimally invasive techniques.
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The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in USD bn for the period 2025-2030, as well as historical data from 2019-2024 for the following segments:
Our minimally invasive surgical instruments market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Benefits of MIS procedures, including reduced patient trauma and quicker recovery times, drive market growth. Minimally invasive surgical (MIS) procedures offer several advantages over traditional open surgery, including minimized patient trauma & discomfort, lower risk of infection, and quicker procedure & recuperation periods, which usually result in reduced healthcare expenditures. The necessity to undertake highly skilled activities utilizing specialized tools with limited visibility along with ranges of motion, on the other hand, introduced higher levels of experience for the surgical team.
Technological advancements in MIS instruments, such as surgical robots, enhance surgical precision and patient safety. The market is constantly transforming based on innovative advancements, especially In the fields of cardiac, orthopedic, ophthalmic, neurological, and oral surgical procedures. Improved product designs offer accuracy and level of control In the operating room. The introduction of novel MIS products is anticipated to boost market growth, allowing complex procedures to be performed which were earlier considered unsuitable for minimally invasive techniques.
The need for highly skilled surgical teams and the high cost of advanced equipment pose challenges to market growth. The high cost of MIS equipment, including endoscopic cameras, visualization scanners, nonmagnetic monitoring, specialized devices & catheters, contrast injectors, and pricey robotic systems, poses a significant challenge for healthcare providers, especially in developing countries. This factor can limit the adoption of MIS techniques and restrict market growth.
Leading companies are implementing strategies such as product innovations, acquisitions, and geographic expansions to enhance their market position. Key players In the minimally invasive surgical instruments marketinclude:
These companies are strategically focused on product development, market expansion, and partnerships to maintaIn their competitive edge In the growing minimally invasive surgical instruments market.
Market Scope |
|
Report Coverage |
Details |
Base year | 2024 |
Page number | 195 |
Key countries | U.S., Canada, Germany, UK, France, Italy, Spain, China, Japan, India, Australia |
Forecast period | 2025-2029 |
Historic period | 2019-2023 |
Report coverage | Market size, forecasts, segmentation |
Regional Analysis | APAC
|
Growth momentum and CAGR | 9.5% |
Performing market contribution | Europe, APAC, North America |
1 Executive Summary
2 Scope of the Report
3 Market Landscape
4 Market Sizing
5 Impact of AI on the Minimally Invasive Surgical Instruments Market
6 Five Forces Analysis
7 Geographic Coverage
8 Market Segmentation by Device
9 Market Segmentation by Application
10 Customer Landscape
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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