How the Minimally Invasive And Non Invasive Product And Service Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theMinimally Invasive And Non Invasive Product And Service Market?
The growth of the minimally invasive and non-invasive product and service market is set to be driven by the escalating geriatric population. The term ‘geriatric population’ refers to individuals aged 65 or above who are no longer in employment. As age advances, the demand for non-invasive products and procedures, which comprises of items like hearing aids and external splints, escalates along with the growth of the elderly population. For example, projections from the World Health Organization, a prominent international public health entity based in Switzerland, anticipated global population of people aged 60 years or older to escalate to 1.4 billion by 2022, up from 1 billion in 2020. Furthermore, by 2030, one in every six people globally will be aged more than 60 years. Consequently, the escalation in the elderly population is fueling the growth of the minimally invasive and non-invasive product and service market.
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#What is the Growth Potential of the Minimally Invasive And Non Invasive Product And Service Market, and How Will It Perform by 2034?
The market size for minimally invasive and non invasive products and services has seen significant growth recently. The market is projected to expand from $140.65 billion in 2024 to $149.97 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. This growth during the historic period can be attributed to factors such as the influence of early adopters, collaboration in the industry and research, changes in regulation and approvals, as well as changing patient expectations.
There is anticipation for robust expansion of the market size for minimally invasive and non invasive products and services in the coming years. This market is projected to reach a value of $202.73 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.8%. The projected growth during this period can be ascribed to several factors such as escalating healthcare expenses, alterations in consumer preferences, regulatory modifications and sanctions, enhancements in education and training, market amalgamation, and competition. Notable trends expected during this period encompass a surge in cosmetic and aesthetic procedures, tailored medicine, emphasis on outpatient facilities, broadened applications, and the incorporation of AI and robotics.
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Which Cutting-Edge Market Trends Are Expected to Drive theMinimally Invasive And Non Invasive Product And Service Market’s Growth?
The advent of novel surgical technologies is a prominent trend in the minimally invasive and non-invasive product and service industry. Key players are emphasizing on innovative resources to maintain their market standing. For example, in December 2022, Abbott Laboratories, an American multinational med-tech and healthcare firm, unveiled its newest-generation Transcatheter Aortic Valve Implantation (TAVI) system. The Navitor valve, with its distinctive design, prevents blood leakage around it, thus improving TAVI procedures. This system augments Abbott’s existing range of transcatheter solutions, affording physicians and patients more accessible and less invasive methodologies for treating cardiac disorders.
What Are the Leading Market Players Impacting theMinimally Invasive And Non Invasive Product And Service Market’s Growth Trend?
Major companies operating in the minimally invasive and non invasive product and service market include 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., CooperSurgical Inc., HOYA Corporation, GE Healthcare, Siemens Healthineers, Abbott Laboratories, Koninklijke Philips N.V., Praxis Medical Devices, ATEC Spine, PQ Bypass, Terumo Medical Corporation, Nexter Medical SAS, Cook Medical Inc., Johnson & Johnson Inc., Coloplast A/S, AtriCure Inc.
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How Are the Key Segments of the Minimally Invasive And Non Invasive Product And Service Market Driving Opportunities and Innovations?
The minimally invasive and non invasive product and service market covered in this report is segmented –
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
Subsegments:
1) By Surgical Devices: Endoscopes, Laparoscopic Instruments, Trocars, Surgical Staplers
2) By Electrosurgical Devices: Monopolar Electrosurgical Devices, Bipolar Electrosurgical Devices, Electrosurgical Generators
3) By Imaging Devices: Ultrasound Machines, MRI Machines, CT Scanners, X-ray Machines
4) By Robotic Systems: Surgical Robotic Systems, Robotic-Assisted Laparoscopic Systems, Robotic Rehabilitation Devices
5) By Other Types: Non-Invasive Monitoring Devices, Drug Delivery Systems, Wound Care Products
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theMinimally Invasive And Non Invasive Product And Service Market?# Market Expansion?
North America was the largest region in the minimally invasive and non invasive product and service market in 2024. The regions covered in the minimally invasive and non invasive product and service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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