The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s minimally invasive and non-invasive products and service market report forecasts the minimally invasive and non-invasive products and service market size to grow to $167.76 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

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Minimally Invasive And Non-Invasive Products And Service Market Size Forecast
The global minimally invasive and non-invasive products and service market is expected to grow from $125.79 billion in 2022 to $133.75 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global minimally invasive and non-invasive product and service market size is expected to grow to $167.76 billion in 2027 at a CAGR of 5.8%.

North America held the largest minimally invasive and non-invasive products and service market share.

Key Minimally Invasive And Non-Invasive Products And Service Market Driver ­– Rise In The Geriatric Population
According to a report published in October 2020 by the United Nations Department of Economic and Social Affairs, a US-based population statistical agency, there were 727 million people aged 65 or older in 2020, and by 2050, this population is expected to have more than doubled to nearly 1.5 billion people. The proportion of the global population that is elderly is expected to climb from 9.3% in 2020 to 16.0% in 2050. By the middle of the century, one in every six people on the planet will be 65 or older. As a result, the growing geriatric population is propelling the minimally invasive and non-invasive product and service market forward.

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Key Minimally Invasive And Non-Invasive Products And Service Market Trend – Introducing New Technologies In Surgeries
To maintain their market position, major market players are focusing their efforts on innovative technologies. Acclarent, a US-based medical device firm that develops minimally invasive ear, nose, and throat (ENT) solutions, for example, will debut TruDi, the first ENT navigation tool powered by artificial intelligence, in September 2021. It is designed to simplify surgical planning and provide fast feedback during ENT navigation procedures. The new software package, which includes TruSeg and TruPath for use with the TruDi Navigation System, provides accurate and effective image-guided preoperative planning and navigation for ENT surgeries, including endoscopic sinus surgery, using a machine learning algorithm. With the advent of this AI-powered TruDi programme, a crucial milestone in the development of image-guided ENT and skull base surgeries has been made.

Minimally Invasive And Non-Invasive Products And Service Market Segment
1) By Type: Surgical Devices, Electrosurgical Devices, Imaging Devices, Robotic Systems, Other types
2) By Technology: Non-visual imaging, Transcatheter surgery, Laparoscopic surgery
3) By Application: Cardio Thoracic Surgery, Vascular Surgery, Neurological Surgery, Cosmetic Surgery, Gastrointestinal Surgery, Dental Surgery
4) By End-user: Hospital Surgical departments, Outpatient surgical centers, Group practices, Individual surgeons, Medical schools, Other End-users

Minimally Invasive And Non-Invasive Products And Service Market Major Players and Strategies
Major players in the minimally invasive and non-invasive products and service market are Medtronic Plc., Integra LifeSciences Corporation, NuVasive Inc., Olympus Corporation, Smith & Nephew Plc., Stryker Corporation, Teleflex Incorporated, Boston Scientific Corporation, CONMED Corporation, Surgical Innovations Group Plc., Clarus Medical LLC, Intuitive Surgical Inc., Fujifilm Holdings Corporation, Zimmer Biomet Holdings Inc., B. Braun Holding GmbH & Co KG, Alphatec Holdings Inc., Auris Health Inc., and CooperSurgical Inc.

Medtronic Plc., an Ireland-based medical technology business, paid $1.1 billion for Intersect ENT, Inc. in May 2022. Medtronic’s product portfolio in ENT procedures, post-operative sinus implants, surgical navigation systems, and product reach in North America will benefit from the acquisition. Intersect ENT Inc. is a healthcare equipment manufacturing firm established in the United States that specialises in medication delivery devices, surgical navigation, and robotic treatments to aid in minimally invasive surgical procedures.

The Minimally Invasive And Non-Invasive Products And Service Global Market Report 2023 covers regional data on minimally invasive and non-invasive products and service market size, minimally invasive and non-invasive products and service market trends and drivers, opportunities, strategies, and minimally invasive and non-invasive products and service market competitor analysis. The countries covered in the minimally invasive and non-invasive products and service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Medical devices and therapies that do not enter the body are referred to as minimally invasive and non-invasive products and services, and such procedures do not involve instruments that physically penetrate the body or breach the skin. These items and services are used to make a variety of procedures far safer and more comfortable.

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