Understanding Key Drivers and Growth Opportunities in the Minimal Invasive Surgery Devices Market: Trends and Market Size Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theMinimal Invasive Surgery Devices Market?
The growing awareness of minimally invasive surgeries is driving the market for minimally invasive surgery devices. These surgeries require smaller incisions, resulting in less pain, shorter recovery times, and reduced scarring. In the U.S., spending on minimally invasive surgical procedures increased by 2% in 2023, boosting demand for related medical devices.
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#What is the Growth Potential of the Minimal Invasive Surgery Devices Market, and How Will It Perform by 2034?
The minimal invasive surgery devices market size has grown strongly in recent years. It will grow from $34.17 billion in 2024 to $36.61 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. Growth is attributed to the rising prevalence of chronic diseases, an aging population, the increasing incidence of obesity, and the growing demand for natural orifice transluminal endoscopic surgery (NOTES).
The minimally invasive surgery devices market is expected to see strong growth, reaching $46.14 billion by 2029, with a CAGR of 6.0%. This growth is driven by the global expansion of healthcare, the patient-centric care trend, and growing demand for less invasive procedures. Key trends include the integration of robotics and AI, remote surgery and telesurgery, single-incision surgery, natural orifice surgery, and advancements in 3D printing for custom devices.
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What New Market Trends Are Reshaping theMinimal Invasive Surgery Devices Market and Its Opportunities?
The growth of the minimally invasive surgery devices market is being negatively impacted by increasing trade barriers. Countries are imposing trade restrictions to promote local production, which could raise prices and limit the demand for such devices. The global trade in goods is expected to decline by $2 trillion in 2023, according to the UN Conference on Trade and Development.
Which Companies Are Leading the Charge in Expanding theMinimal Invasive Surgery Devices Market Growth?
Major companies operating in the minimal invasive surgery devices market include Abbott Laboratories, GE Healthcare, Medtronic plc, Siemens Healthineers, Smith & Nephew Plc., Stryker Corporation, Boston Scientific Corporation, EthiconInc., B. Braun Melsungen Ag, Conmed Corporation, Microline SurgicalInc., Zimmer Biomet HoldingsInc., Aesculap Inc., Koninklijke Philips NV, F. Hoffmann-La Roche AG, Cardinal Health inc., Baxter International Inc., Danaher Corporation, KARL STORZ SE & Co. KG, Richard Wolf GmbH, Cook Medical, Intuitive Surgical Inc., Smiths Medical, Teleflex Incorporated, Terumo Corporation, Merit Medical Systems, AngioDynamics, MicroPort Scientific Corporation, Lumenis
How is the Global Minimal Invasive Surgery Devices Market Segemented?
The minimal invasive surgery devices market covered in this report is segmented –
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
Subsegments:
1) By Handheld Instruments: Scissors, Forceps, Graspers
2) By Inflation Devices: Balloon Inflation Devices, CO2 Insufflators
3) By Cutter Instruments: Mechanical Cutters, Energy-based Cutters
4) By Guiding Devices: Guidewires, Sheaths
5) By Electrosurgical Devices: Electrosurgical Generators, Electrosurgical Pencil
6) By Auxiliary Devices: Suction Devices, Irrigation Devices
7) By Monitoring And Visualization Devices: Cameras, Monitors, Imaging Systems
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Which Geographics are Influencing the Growth of the Minimal Invasive Surgery Devices Market?
The countries covered in the minimal invasive surgery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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