How Will The Minimal Invasive Surgery Devices Market Size Grow In The Coming Years?
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
North America held the largest minimal invasive surgery devices market share.
The global minimal invasive surgery devices market is expected to grow from $28.98 billion in 2022 to $31.64 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The minimal invasive surgery devices market is expected to grow from $39.48 billion in 2027 at a CAGR of 5.7%.
Major Driver In The Minimal Invasive Surgery Devices Market – Increase In Awareness For Minimally Invasive Surgeries Among People
According to the German Heart Surgery Report, the use of ECC (extracorporeal circulation) in heart surgery has decreased due to the realisation of established improvements in minimally invasive treatment options in heart surgery. Furthermore, 51.1% of all heart valve operations performed in Germany were single-valve procedures, with 38.5% of them being minimally invasive heart surgeries. As a result, the increased demand for minimally invasive surgery (MIS) will drive growth in the market for minimally invasive surgical instruments.
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Key Minimal Invasive Surgery Devices Market Segments
1) By Product Type: Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring & Visualization Devices
2) By Application: Laparoscopy, Cardiovascular, Cosmetic Surgery, Orthopedic Surgery, Obstetrics And Gynecology, Ophthalmology, Neurosurgery, Urology, Other Applications
3) By End Users: Hospitals, Ambulatory Surgical Centers (ASCS), Research Institutes
Recent Minimal Invasive Surgery Devices Market Trend – Technological Advancement
Patients are increasingly choosing minimally invasive surgery (MIS) equipment with improved image guidance, fibre optics, micro dental implants, and robotic control systems to address medical issues such as aneurysms, cardiac operations, dental and spinal procedures. In the healthcare industry, less-invasive surgical methods with better capabilities in imaging, micromachining, robotic equipment and components, software systems, and other areas are gaining popularity. Video-assisted thoracoscopic surgery (VATS), for example, is a minimally invasive surgical treatment used to fully remove an organ of the human body to treat traumatic injury, infection, or cancer in the lungs. VATS is a video camera procedure in which a small tube called a thoracoscope, to which the camera is attached, is inserted through a small incision between the ribs. Furthermore, imaging technology used in MIS, such as virtual reality (VR), is rapidly evolving. Other MIS techniques are used in procedures such as single-site laparoscopic surgery, robotic surgery, needlescopic surgery, heart and spinal surgery, and others.
Minimal Invasive Surgery Devices Market Prominent Players
Major players in the minimal invasive surgery devices market are Abbott Laboratories, GE Healthcare, Medtronic PLC., Siemens Healthineers, Smith & Nephew PLC., Medtronic PLC., Stryker Corporation, Boston Scientific Corporation, Ethicon Inc., and B. Braun Melsungen AG.
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The Minimal Invasive Surgery Devices Global Market Report 2023 provides a comprehensive overview on the minimal invasive surgery devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the minimal invasive surgery devices 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.
Minimally invasive surgery devices are surgical equipment that need fewer small incisions or have a faster healing process. During surgery, a minimally invasive medical gadget is put within the patient.
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