The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Minimal Invasive Surgery Devices Global Market Report 2024, the minimal invasive surgery devices market is expected to show significant growth in the forecast period.

The increasing awareness for minimally invasive surgeries among people is driving the minimally invasive surgery devices market.

• Minimally invasive surgeries require less/tiny cuts in the skin compared to traditional surgical methods.
• Advantages include lesser pain, shorter hospital stays, less scarring, minimized bleeding and infections, and low tissue damage.
• Notably, heart operations in Germany saw a decline due to innovations in minimally invasive therapeutic options.

Technological Advancements Driving Minimally Invasive Surgery Device Adoption

Technologically advanced minimally invasive surgery (MIS) devices with improvements in image guidance, fiber-optics, mini dental implants, and robotic control systems are increasingly opted by patients.

• Less-invasive surgical procedures with enhanced capabilities in imaging and micromachining are becoming popular.
• Video-assisted thoracoscopic surgery (VATS) and imaging technology in MIS are significant areas of development.
• Other techniques include single-site laparoscopic surgery, robotic surgeries, needlescopic surgery, cardiac, and spinal surgeries.

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FDA Regulations On Robotic Minimally Invasive Surgical Devices

The Food and Drug Administration Act (FDA) regulates the minimally invasive surgical devices market in the United States.

• Firms manufacturing robotic minimally invasive surgical devices must list possible risks and measures taken to address health hazards.
• However, concerns exist regarding the safety and effectiveness of these devices, particularly in procedures like mastectomy or cancer treatment.

Market Segmentation and Growth Trends

The minimal invasive surgery devices market covered in this report is segmented into:

1. Product Type: Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring and Visualization Devices.
2. Application: Laparoscopy, Cardiovascular, Cosmetic Surgery, Orthopedic Surgery, Obstetrics And Gynecology, Ophthalmology, Neurosurgery, Urology, Other Applications.
3. End Users: Hospitals, Ambulatory Surgical Centers (ASCS), Research Institutes.

Market Growth Projections and Regional Insights

• The minimal invasive surgery devices market size has grown rapidly, reaching $36.6 billion in 2023.
• It is projected to grow to $40.42 billion in 2024 at a CAGR of 10.5%.
• By 2028, the market is expected to reach $59.17 billion at a CAGR of 10.0%.
• Major trends in the forecast period include robotics and AI integration, remote surgery, single-incision surgery, 3D printing, and custom devices.
• North America was the largest region in the minimally invasive surgery devices market in 2023.

Conclusion

The minimally invasive surgery devices market is witnessing substantial growth driven by rising patient awareness, technological advancements, and regulatory frameworks. With an array of applications and segments, coupled with the adoption of innovative techniques, the market is poised for further expansion globally. As patient-centric care and demand for less invasive procedures continue to rise, the future of minimally invasive surgery presents promising opportunities for healthcare providers and patients alike.

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