The minimally invasive surgery devices market share in China is expected to increase by USD 210.36 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.75%.
This minimally invasive surgery devices market in China research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the minimally invasive surgery devices market in China segmentation by product (handheld instruments, inflation devices, and surgical scopes) and type (endoscopic surgery and robotic surgery). The minimally invasive surgery devices market in China report also offers information on several market vendors, including Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corp., Conmed Corp., Integer Holdings Corp., Johnson and Johnson Inc., Koninklijke Philips NV, Medtronic Plc, Olympus Corp., and Stryker Corp. among others.
What will the Minimally Invasive Surgery Devices Market Size in China be During the Forecast Period?
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Minimally Invasive Surgery Devices Market in China: Key Drivers, Trends, and Challenges
The increasing prevalence of lifestyle-related and chronic disorders is notably driving the minimally invasive surgery devices market growth in China, although factors such as shortage of experienced professionals may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the minimally invasive surgery devices industry in China. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Minimally Invasive Surgery Devices Market Driver in China
The increasing prevalence of lifestyle-related and chronic disorders is one of the key drivers supporting the minimally invasive surgery devices market growth in China. Failing timely treatment, chronic kidney disease can lead to kidney failure. Gastrointestinal (GI) symptoms are very common among patients with kidney diseases. Healthcare professionals perform endoscopic surgical procedures depending on the complexity of chronic diseases. Surgeons mainly perform endoscopy and laparoscopic surgeries to provide effective surgical precision. Endoscopic closure devices are mainly used for closing perforations and chronic fistulas created during surgical procedures. The adoption of endoscopic procedures is expected to drive the growth of the market in China during the forecast period.
Key Minimally Invasive Surgery Devices Market Trend in China
The paradigm shift toward the adoption of robotics in endoscopic surgeries is another factor supporting the minimally invasive surgery devices market growth in China. Robotic systems allow healthcare professionals with a detailed and controlled vision to perform endoscopic surgeries with greater safety and efficiency. Performing advanced endoscopic procedures such as endoscopic submucosal dissection (ESD) and natural orifice transluminal endoscopic surgery requires specialized training. Moreover, these advanced procedures are not performed in nonspecialized centers. Thus, the lack of skilled professionals is the major factor limiting the adoption of endoscopic procedures by healthcare professionals. However, the rest of the drivers will support the market growth during the forecast period.
Key Minimally Invasive Surgery Devices Market Challenge in China
The shortage of experienced professionals is hindering the minimally invasive surgery devices market growth in China. . The procedure requires a thorough understanding of the device as well as anatomical structures to navigate through the anatomy to identify the target site and perform surgeries. It requires proper training to operate and understand the functioning of such devices. The hospital staff should be able to use minimally invasive surgery devices and understand the additional preprocessing steps required to prevent cross-contamination and potentially expose patients to infection. They need to be certified to use such devices and perform advanced surgeries. This makes the use of endoscopes less practical for many hospitals, thus inhibiting market growth.
This minimally invasive surgery devices market in China analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the minimally invasive surgery devices market in China as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the minimally invasive surgery in China devices market during the forecast period.
Who are the Major Minimally Invasive Surgery Devices Market Vendors in China?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Abbott Laboratories
- B. Braun Melsungen AG
- Boston Scientific Corp.
- Conmed Corp.
- Integer Holdings Corp.
- Johnson and Johnson Inc.
- Koninklijke Philips NV
- Medtronic Plc
- Olympus Corp.
- Stryker Corp.
This statistical study of the minimally invasive surgery devices market in China encompasses successful business strategies deployed by the key vendors. The minimally invasive surgery devices market in China is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Abbott Laboratories - The company offers minimally invasive surgery devices such as TriClip System.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The minimally invasive surgery devices market in China forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Minimally Invasive Surgery Devices Market in China Value Chain Analysis
Our report provides extensive information on the value chain analysis for the minimally invasive surgery devices market in China, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the healthcare equipment market includes the following core components:
- Research and development
- Inputs
- Operations
- Distribution
- Marketing and sales
- Post-sales and services
- Industry innovations
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
What are the Revenue-generating Product Segments in the Minimally Invasive Surgery Devices Market in China?
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The minimally invasive surgery devices market share growth in China by the handheld instruments segment will be significant during the forecast period. Handheld instruments include graspers, retractors or elevators, suturing instruments, and others. Graspers allow the surgeon to grab and maneuver tissue with high precision without completely cutting opening the abdomen. These instruments usually have sharp edges, enabling the surgeons to cut and dissect tissue to explore irregular growths and remove dangerous or damaged tissue. Such applications are expected to drive market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the minimally invasive surgery devices market size in China and actionable market insights on post COVID-19 impact on each segment.
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Minimally Invasive Surgery Devices Market Scope in China |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.75% |
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Market growth 2022-2026 |
$ 210.36 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.71 |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corp., Conmed Corp., Integer Holdings Corp., Johnson and Johnson Inc., Koninklijke Philips NV, Medtronic Plc, Olympus Corp., and Stryker Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Minimally Invasive Surgery Devices Market in China Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive minimally invasive surgery devices market growth in China during the next five years
- Precise estimation of the minimally invasive surgery devices market size in China and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the minimally invasive surgery devices industry in China
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of minimally invasive surgery devices market vendors in China
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