Global Minimally Invasive Surgical Instruments Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Device;

Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, and Auxiliary Devices.

By Application;

Cardiac Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Vascular Surgery, Gynecological Surgery, Urological Surgery, Thoracic Surgery, Cosmetic Surgery, Dental Surgery, and Others.

By End Use;

Hospitals & Clinics and Ambulatory Surgical Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn125895538 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Minimally Invasive Surgical Instruments Market (USD Million), 2020 - 2030

In the year 2023, the Global Minimally Invasive Surgical Instruments Market was valued at USD 29,739.11 million. The size of this market is expected to increase to USD 59,444.47 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 10.4%.

The global minimally invasive surgical instruments market plays a pivotal role in revolutionizing surgical procedures by offering less invasive alternatives to traditional open surgeries. These instruments are designed to access surgical sites through small incisions, reducing trauma to surrounding tissues, minimizing blood loss, and accelerating patient recovery. As such, they have gained significant traction across various medical specialties, including laparoscopy, endoscopy, and robotic-assisted surgery. Minimally invasive surgical instruments encompass a wide range of devices such as laparoscopes, trocars, graspers, scissors, and staplers, each tailored to specific procedures and surgical approaches.

The minimally invasive surgical instruments market has experienced substantial growth driven by several factors. One key driver is the growing preference for minimally invasive techniques among patients and healthcare providers due to their numerous benefits, including shorter hospital stays, reduced post-operative pain, and faster return to normal activities. Additionally, advancements in surgical technology, such as high-definition imaging systems, robotic-assisted platforms, and miniaturized instruments, have expanded the scope and complexity of minimally invasive procedures, enabling surgeons to perform intricate surgeries with greater precision and control.

As the global population continues to age and the burden of chronic diseases rises, the demand for minimally invasive surgical instruments is expected to escalate further. Manufacturers in the market are focusing on innovation, product development, and strategic collaborations to meet the evolving needs of surgeons and patients, while also addressing challenges such as cost constraints, training requirements, and access to advanced technology. Overall, the global minimally invasive surgical instruments market represents a dynamic and rapidly evolving sector poised for continued expansion and innovation in the years to come.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Device
    2. Market Snapshot, By Application
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Global Minimally Invasive Surgical Instruments Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Surge in Cosmetic and Bariatric Surgeries
        2. Demand for Less Invasive Treatment Options
        3. Expansion of Ambulatory Surgical Centers
        4. Surgeon Training and Skill Enhancement
      2. Restraints
        1. Preference for Traditional Surgical Techniques
        2. Infrastructure Constraints in Healthcare Facilities
        3. Lack of Skilled Surgeons and Healthcare Personnel
        4. Concerns Regarding Instrument Quality and Durability
      3. Opportunities
        1. Rise in Disposable Instrumentation
        2. Telemedicine and Remote Surgery Trends
        3. Focus on Patient-Centric Care
        4. Collaboration Between Industry and Healthcare Providers
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Minimally Invasive Surgical Instruments Market, By Device, 2020 - 2030 (USD Million)
      1. Handheld Instruments
      2. Inflation Devices
      3. Cutter Instruments
      4. Guiding Devices
      5. Electrosurgical Devices
      6. Auxiliary Devices
    2. Global Minimally Invasive Surgical Instruments Market, By Application, 2020 - 2030 (USD Million)
      1. Cardiac Surgery
      2. Gastrointestinal Surgery
      3. Orthopedic Surgery
      4. Vascular Surgery
      5. Gynecological Surgery
      6. Urological Surgery
      7. Thoracic Surgery
      8. Cosmetic Surgery
      9. Dental Surgery
      10. Others
    3. Global Minimally Invasive Surgical Instruments Market, By End Use, 2020 - 2030 (USD Million)
      1. Hospitals & Clinics
      2. Ambulatory Surgical Centers
    4. Global Minimally Invasive Surgical Instruments Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Abbott
      2. GE Healthcare
      3. Medtronic
      4. Ethicon
      5. Intuitive Surgical
      6. Siemens Healthcare GmbH
      7. ArthroCare Corporation
      8. DePuy Synthes
      9. NuVasive
  7. Analyst Views
  8. Future Outlook of the Market

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