Global Minimally Invasive Surgical Market Overview

The global minimally invasive surgical systems market is estimated to reach USD 63.2 billion by 2030, growing at a CAGR of 10.95% during the forecast period of 2022-2030. It was valued at USD 32.6 billion in 2022. 

The global minimally invasive surgical systems market is a manifold into two broad segments: surgical robotics and conventional minimally invasive surgical systems. The surgical robotics market composes of surgical robots that can perform minimally invasive surgeries with high accuracy and sensitivity through tiny incisions. In addition to it, a robotic surgical system typically includes a camera arm and mechanical arms with downsized surgical instruments attached to them. The surgeon remotely accesses the arm with the help of a computing console, which provides the high definition, magnified, 3-dimensional view to the surgeon.

Global Minimally Invasive Surgical Market Insights

Some of the significant benefits of robotic-assisted surgery include fewer post-operative complications such as fewer chances of infection spreading, less pain, and blood loss during the operation, quick recovery, and fewer scars.

Moreover, the surgical process section represented by minimally invasive surgery will continue to be a hot spot of growth. It will be an essential direction for the development of future medicine. There are also many disruptive and innovative products emerging in the minimally invasive surgery industry, such as 3D laparoscopy, robotic surgical systems, and minimally invasive technologies such as NOTES.

Furthermore, the minimally invasive surgery is different from the surgical operation. The earlier can reduce the area of surgical wounds, avoid infection caused by large-scale exposure of internal tissues, and enable patients to recover faster, shortening the length of hospital stay and medical costs. Coupled with advanced electronic imaging diagnostic technology (such as CT, MRI, etc.), minimally invasive surgical instruments can reduce the internal trauma caused by traditional surgery to a minimum.

In addition to it, minimally invasive surgery can significantly reduce the intensity of the surgeon’s work. The doctor only needs to sit in front of the display screen to observe the intra-abdominal surgery, and the wound can suture without having to do it by himself. Therefore, it only reduces manual errors and ensures the quality of the operation but also shortens the wound healing time (because the surgical incision is smaller).

Growth Driver

Quick recovery

The minimally invasive surgical system the technique in which surgeries are performed in two ways: robotic surgery and conventional surgery. The robotic surgery done to reduce the chances of infection, less blood loss, minimal scars on the body, and quick recovery will fuel the demand for the global minimally invasive surgical systems.

Cost-effective

The rising technology, automation, cloud integration has reduced manual work in every industry and, thus, reduce the high cost involved in the manual work done by the people. The automation in the healthcare sector has not only improved the infrastructure but has reduced the cost of treatment, speed recovery, and minimum hospital bills. Therefore, it ultimately affects the health standard of the countries around the world and will continue to improve in the future as well.

By Product Segmental Analysis

Based on product, the global minimally invasive surgical market segmented into Endoscopes and Endoscopic Systems, Video and Visualization Systems, Instruments and Accessories, Surgical Robotics. The Endoscopes segment has dominated the market share of the global Minimally Invasive Surgical market. It utilizes an endoscope to visualize and operate on the internal organs (especially in the gastrointestinal tract). An endoscope is a flexible, thin-shaped tube with an attached camera that provides the surgeon with enhanced visualization.

Under this technique, the surgeon inserts an endoscope through a small incision in the body, such as the mouth. Endoscopic procedures often named on the portion of the inspected digestive tract, such as upper GI endoscopy, Colonoscopy, and Enteroscopy, among others.

By Application Segmental Analysis

Based on the application, the global Minimally Invasive Surgical market bifurcated into Conventional, Surgical Robotics. The conventional segment has bolstered the market share for the global Minimally Invasive Surgical market. Traditional minimally invasive surgical systems form another dimension of the minimally invasive surgery (MIS) market, which includes techniques such as laparoscopy and endoscopy. Laparoscopy is a part of a minimally invasive surgical procedure used to examine the internal organs inside the abdomen.

Moreover, surgical robotics surgeries will propel in the forecast period as well owing to, surgical robots which will improve doctors’ surgical capabilities and improve the quality of operation. Also, widely used in general surgery such as urology, gynecology, and cardiothoracic surgery.

By End-users Segmental Analysis

Based on the end-users, the global Minimally Invasive Surgical market classified into Hospitals, Ambulatory Surgical Centers, Specialty Clinics. The hospital segment has captured the market demand for the global Minimally Invasive Surgical market and will continue to dominate the market demand in the forecast period from 2022-2030. The Minimally Invasive Surgical system will help in increasing the rate of treatment of patients, and thus, patients get discharged early. Moreover, Minimally Invasive Surgery will help in reducing cost, improve the medical health facilities, and provide greater flexibility of scheduling to the patients.

By Region Segmental Analysis

Based on geography, the global Minimally Invasive Surgical systems market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North American region has dominated the demand for the minimally invasive surgical market. Owing to rising disposable income and the growing health facilities have propelled the market share of the global minimally invasive surgical market. Moreover, the Asia Pacific region will also fuel the demand for minimally invasive surgical. As the road accident rates have increased, and other chronic diseases are also rising at a potential standard. Therefore, the market demand for minimally invasive surgical systems will bolster in the forecast period.

Competitor Analysis

Companies such as Olympus Corporation, Boston Scientific Corporation, Stryker Corporation, Medtronic Plc, J&J, Hoya Corporation, B. Braun Melsungen AG, FUJIFILM Medical Systems U.S.A., Inc., Smith & Nephew plc, Fortimedix Surgical B.V., and Cook Medical LLC. Intuitive Surgical, Inc., Stryker Corporation, Corindus, Inc., Smith & Nephew Plc, Zimmer Biomet, Medtronic Plc, Medrobotics Corporation, and Renishaw Pl and other key players in the global Minimally Invasive Surgical system market.

Key Stakeholders

• Market research and consulting firms
• Industry associations
• Global Minimally Invasive Surgical manufacturing companies
• Research organizations and consulting companies
• Organizations, associations, and alliances related to Minimally Invasive Surgical
• Regulatory bodies

Recent Developments

1. In September 2021, India Medtronic private limited inaugurated the Hugo robotic-assisted surgery (RAS) system.
2. In September 2021, Vincent Charity Medical Center became the first hospital in Ohio to perform a total knee replacement procedure with Think Surgical’s next-generation robotic system.
3. In August 2021, Inov8 Surgical performed its first surgery using Think Surgical’s next-generation robot technology for knee replacement.

The objective of the Research

• Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
• Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
• Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
• Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
• The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Product Type

• Endoscopes and Endoscopic Systems
• Rigid Endoscopes
• Flexible Endoscopes
• Video and Visualization Systems
• Instruments and Accessories
• Surgical Robotics

By Application

• Conventional
• Surgical Robotics

By End-Users

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

By Region

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

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Report Content

1.     Research Strategic Development

1.1. Market Modelling

1.2. Product Analysis

1.3. Market Trend and Economic Factors Analysis

1.4. Market Segmental Analysis

1.5. Geographical Mapping

1.6. Country Wise Segregation

2.     Research Methodology

2.1. Identification of Target Market

2.2. Data Acquisition

2.3. Refining of Data/ Data Transformations

2.4. Data Validation through Primary Techniques

2.5. Exploratory Data Analysis

2.6. Graphical Techniques/Analysis

2.7. Quantitative Techniques/Analysis

2.8. Visual Result/Presentation

3.     Executive Summary
4.     Market Insights

4.1. Supply Chain Analysis

4.2. Economic Factor Analysis

4.2.1. Drivers

4.2.2. Trends

4.2.3. Opportunities

4.2.4. Challenges

4.3. Technological Landscape

4.4. Competitors & Product Analysis

4.5. Regulatory Framework

4.6. Company market share analysis, 2022

4.7. Porter’s Five forces analysis

4.8. Price point analysis

4.9. New Investment Analysis

4.10.            PESTEL Analysis

5.     Global Minimally Invasive Surgical Systems Market Overview

5.1. Market Size & Forecast,2017-2030

5.1.1. Demand

5.1.1.1. By Value (USD Billion)

5.2. Market Share & Forecast, 2017-2030

5.2.1.     By Product

5.2.1.1.            Endoscopes and Endoscopic Systems

5.2.1.1.1.               Rigid Endoscopes

5.2.1.1.2.               Flexible Endoscopes

5.2.1.2.            Video and Visualization Systems

5.2.1.3.            Instruments and Accessories

5.2.1.4.            Surgical Robotics

5.2.2.     By Application

5.2.2.1.            Conventional

5.2.2.2.            Surgical Robotics

5.2.3.     By End-User

5.2.3.1.            Hospitals

5.2.3.2.            Ambulatory Surgical Centers

5.2.3.3.            Specialty Clinics

5.2.4.     By Region

5.2.4.1.            North America

5.2.4.2.            Europe

5.2.4.3.            Asia-Pacific

5.2.4.4.            South America

5.2.4.5.            The Middle East & Africa

6.     North America Minimally Invasive Surgical Systems Market Overview

6.1. North America Minimally Invasive Surgical Systems Market Size & Forecast,2017-2030

6.1.1. Demand

6.1.1.1. By Value (USD Billion)

6.2. Market Share & Forecast, 2017-2030

6.2.1. By Product

6.2.1.1.            Endoscopes and Endoscopic Systems

6.2.1.1.1.               Rigid Endoscopes

6.2.1.1.2.               Flexible Endoscopes

6.2.1.2.            Video and Visualization Systems

6.2.1.3.            Instruments and Accessories

6.2.1.4.            Surgical Robotics

6.2.2. By Application

6.2.2.1.            Conventional

6.2.2.2.            Surgical Robotics

6.2.3. By End-User

6.2.3.1.            Hospitals

6.2.3.2.            Ambulatory Surgical Centers

6.2.3.3.            Specialty Clinics

6.2.4. By Country

6.2.4.1.            US

6.2.4.2.            Canada

6.2.4.3.            Mexico

6.2.5. Company Market Share (Top 3-5)

6.2.6. Economic Impact Study on North America Minimally Invasive Surgical Systems Market

7.     Europe Minimally Invasive Surgical Systems Market Overview

7.1. Europe Minimally Invasive Surgical Systems Market Size & Forecast,2017-2030

7.1.1. Demand

7.1.1.1. By Value (USD Billion)

7.2. Market Share & Forecast, 2017-2030

7.2.1. By Product

7.2.1.1.            Endoscopes and Endoscopic Systems

7.2.1.1.1.               Rigid Endoscopes

7.2.1.1.2.               Flexible Endoscopes

7.2.1.2.            Video and Visualization Systems

7.2.1.3.            Instruments and Accessories

7.2.1.4.            Surgical Robotics

7.2.2. By Application

7.2.2.1.            Conventional

7.2.2.2.            Surgical Robotics

7.2.3. By End-User

7.2.3.1.            Hospitals

7.2.3.2.            Ambulatory Surgical Centers

7.2.3.3.            Specialty Clinics

7.2.4. By Country

7.2.4.1.            Germany

7.2.4.2.            UK

7.2.4.3.            France

7.2.4.4.            Italy

7.2.4.5.            Rest of Europe

7.2.5.      Company Market Share (Top 3-5)

7.2.6.      Economic Impact Study on Europe Minimally Invasive Surgical Systems Market

8.     Asia-Pacific Minimally Invasive Surgical Systems Market Overview

8.1. Asia-Pacific Minimally Invasive Surgical Systems Market Size & Forecast,2017-2030

8.1.1. Demand

8.1.1.1. By Value (USD Billion)

8.2. Market Share & Forecast, 2017-2030

8.2.1. By Product

8.2.1.1.            Endoscopes and Endoscopic Systems

8.2.1.1.1.               Rigid Endoscopes

8.2.1.1.2.               Flexible Endoscopes

8.2.1.2.            Video and Visualization Systems

8.2.1.3.            Instruments and Accessories

8.2.1.4.            Surgical Robotics

8.2.2. By Application

8.2.2.1.            Conventional

8.2.2.2.            Surgical Robotics

8.2.3. By End-User

8.2.3.1.            Hospitals

8.2.3.2.            Ambulatory Surgical Centers

8.2.3.3.            Specialty Clinics

8.2.4. By Country

8.2.4.1.            India

8.2.4.2.            Japan

8.2.4.3.            Australia

8.2.4.4.            Rest of Asia Pacific

8.2.5.      Company Market Share (Top 3-5)

8.2.6.      Economic Impact Study on Asia Pacific Minimally Invasive Surgical Systems Market

9.     South America Minimally Invasive Surgical Systems Market Overview

9.1. South America Minimally Invasive Surgical Systems Market Size & Forecast,2017-2030

9.1.1. Demand

9.1.1.1. By Value (USD Billion)

9.2. Market Share & Forecast, 2017-2030

9.2.1. By Product

9.2.1.1.            Endoscopes and Endoscopic Systems

9.2.1.1.1.               Rigid Endoscopes

9.2.1.1.2.               Flexible Endoscopes

9.2.1.2.            Video and Visualization Systems

9.2.1.3.            Instruments and Accessories

9.2.1.4.            Surgical Robotics

9.2.2. By Application

9.2.2.1.            Conventional

9.2.2.2.            Surgical Robotics

9.2.3. By End-User

9.2.3.1.            Hospitals

9.2.3.2.            Ambulatory Surgical Centers

9.2.3.3.            Specialty Clinics

9.2.4. By Country

9.2.4.1.            Brazil

9.2.4.2.            Argentina

9.2.4.3.            Rest of South America

9.2.5.      Company Market Share (Top 3-5)

9.2.6.      Economic Impact Study on South America Minimally Invasive Surgical Systems Market

10. The Middle East & Africa Minimally Invasive Surgical Systems Market Overview

10.1.            The Middle East & Africa Minimally Invasive Surgical Systems Market Size & Forecast,2017-2030

10.1.1.                        Demand

10.1.1.1.        By Value (USD Billion)

10.2.            Market Share & Forecast, 2017-2030

10.2.1.                        By Product

10.2.1.1.        Endoscopes and Endoscopic Systems

10.2.1.1.1.           Rigid Endoscopes

10.2.1.1.2.           Flexible Endoscopes

10.2.1.2.        Video and Visualization Systems

10.2.1.3.        Instruments and Accessories

10.2.1.4.        Surgical Robotics

10.2.2.                        By Application

10.2.2.1.        Conventional

10.2.2.2.        Surgical Robotics

10.2.3.                        By End-User

10.2.3.1.        Hospitals

10.2.3.2.        Ambulatory Surgical Centers

10.2.3.3.        Specialty Clinics

10.2.4.                        By Country

10.2.4.1.  Saudi Arabia

10.2.4.2.  UAE

10.2.4.3.  South Africa

10.2.4.4.  Rest of the Middle East & Africa

10.2.5.                    Company Market Share (Top 3-5)

10.2.6.                    Economic Impact Study on Middle East & Africa Minimally Invasive Surgical Systems Market

11. Competitor Analysis

11.1.   Company Description

11.2.   Financial Analysis

11.3.   Key Products

11.4.   Key Management Personnel

11.5.   Contact Address

11.6.   SWOT Analysis

11.7.   Company Profile

11.7.1. Olympus Corporation

11.7.2. B. Braun Melsungen AG

11.7.3. FUJIFILM Medical Systems USA,
Inc.,

11.7.4. Smith & Nephew plc

11.7.5. Boston Scientific Corporation

11.7.6. Stryker Corporation,
Medtronic Plc

11.7.7. J&J

11.7.8. Hoya Corporation

11.7.9. Fortimedix Surgical BV,
and Cook Medical LLC. Intuitive Surgical, Inc.

11.7.10.                        Medtronic Plc

11.7.11.                         Medrobotics Corporation,
Stryker Corporation

11.7.12.                        Corindus, Inc.

11.7.13.                        Smith & Nephew Plc

11.7.14.                         Zimmer Biomet,
and Renishaw Pl

11.7.15.                        Other Prominent Players