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.
The global minimally invasive surgical systems market expected to spur the market growth at tremendous CAGR in the forecast period from 2020-2027. 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).
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.
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.
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.
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.
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 2020-2027. 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.
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.
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.
|Market size value in 2020||USD 23.55 billion|
|Revenue forecast in 2027||USD 37.75 billion|
|Growth Rate||CAGR of 7.95% from 2020 to 2027|
|Forecast period||2021 – 2027|
|Region covered||North America, Europe, Asia-Pacific, South America, and Middle East & Africa|
|Key companies Profiled||Olympus Corporation, B. Braun Melsungen AG, FUJIFILM Medical Systems USA, |
Inc., Smith & Nephew plc, Boston Scientific Corporation, Stryker Corporation,
Medtronic Plc, J&J, Hoya Corporation, Fortimedix Surgical BV,
and Cook Medical LLC. Intuitive Surgical, Inc., Medtronic Plc, Medrobotics Corporation,
Stryker Corporation, Corindus, Inc., Smith & Nephew Plc, Zimmer Biomet,
and Renishaw Pl and other.
By Product Type
Middle East & Africa
The Global Minimally Invasive Surgical Market is growing at a CAGR of 7.95% during the forecast period.
The minimally invasive surgical instruments market will reach USD 37.75 billion in 2027 from USD 23.55 billion in 2020.
Olympus Corporation, B. Braun Melsungen AG, FUJIFILM Medical Systems USA, Inc., Smith & Nephew plc, Boston Scientific Corporation, Stryker Corporation, Medtronic Plc, J&J, Hoya Corporation, Fortimedix Surgical BV, and Cook Medical LLC. Intuitive Surgical, Inc., Medtronic Plc, Medrobotics Corporation, Stryker Corporation, Corindus, Inc., Smith & Nephew Plc, Zimmer Biomet, Renishaw Pl and others are the key players in the global Minimally Invasive Surgical system market.
Cost-effectiveness and Quick recovery are the growth drivers of the Minimally Invasive Surgical Market.
The North American region is leading the minimally invasive surgical market due to rising disposable income and the growing health facilities in the region.