Minimal Invasive Surgery Devices Market in Focus: Forecasting Growth Drivers, Scaling Potential, and Global Opportunities
Discover trends, market shifts, and competitive outlooks for the minimal invasive surgery devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#How Has the Minimal Invasive Surgery Devices Market Growth Performance Trended Historically, And What Lies Ahead?#_x000D_
The market size for minimally invasive surgical devices has seen significant growth recently. It is expected to increase from $34.17 billion in 2024 to $36.61 billion in 2025, marking a compound annual growth rate (CAGR) of 7.1%. This growth observed in the historical period aligns with the rising prevalence of chronic illnesses, an increasing aging population, growing obesity rates, and an increased demand for natural orifice transluminal endoscopic surgery._x000D_
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The market size for minimally invasive surgery devices is set for robust expansion in the upcoming years, reaching $46.14 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%. The predicted growth during this forecasted period is due to the global enhancement of healthcare, the increasing focus on patient-centered care, patient preference for less intrusive procedures, and the expertise and training of surgeons. Key trends during this forecasted period are expected to include the incorporation of robotics and AI, virtual surgery and telesurgery, single-incision surgery, natural orifice surgery, and the use of 3D printing and specialized devices._x000D_
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#What Are the Core Market Drivers Propelling Growth in the Minimal Invasive Surgery Devices Industry?#_x000D_
The rise in understanding and preference for minimally invasive surgeries among individuals is fuelling the growth of the minimally invasive surgery devices market. Unlike traditional surgical methods, these surgeries involve smaller incisions, resulting in less pain, reduced hospitalization periods, fewer chances of bleeding and infections, lower scarring, and minimal tissue damage. To illustrate, data from The Aesthetic Society, a US-based association specializing in plastic surgery and cosmetic medicine, shows that in August 2023, Americans expended over $11.8 billion on overall minimally invasive surgical procedures, showing a 2% increase compared to the previous year. Consequently, the escalating demand for minimally invasive surgery (MIS) is projected to amplify the demand for devices utilized in such procedures._x000D_
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#How Is the Minimal Invasive Surgery Devices Market Segmented?#_x000D_
The minimal invasive surgery devices market covered in this report is segmented –_x000D_
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1) By Product Type: Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring & Visualization Devices_x000D_
2) By Application: Laparoscopy, Cardiovascular, Cosmetic Surgery, Orthopedic Surgery, Obstetrics And Gynecology, Ophthalmology, Neurosurgery, Urology, Other Applications_x000D_
3) By End Users: Hospitals, Ambulatory Surgical Centers (ASCS), Research Institutes_x000D_
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Subsegments:_x000D_
1) By Handheld Instruments: Scissors, Forceps, Graspers_x000D_
2) By Inflation Devices: Balloon Inflation Devices, CO2 Insufflators_x000D_
3) By Cutter Instruments: Mechanical Cutters, Energy-based Cutters_x000D_
4) By Guiding Devices: Guidewires, Sheaths_x000D_
5) By Electrosurgical Devices: Electrosurgical Generators, Electrosurgical Pencil_x000D_
6) By Auxiliary Devices: Suction Devices, Irrigation Devices_x000D_
7) By Monitoring And Visualization Devices: Cameras, Monitors, Imaging Systems_x000D_
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#Which Regions Are Driving the Next Phase of the Minimal Invasive Surgery Devices Market Growth?#_x000D_
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._x000D_
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#What Key Trends Are Shaping the Future of the Minimal Invasive Surgery Devices Market?#_x000D_
The growth of the minimally invasive surgery devices market is anticipated to be adversely affected by increasing trade barriers. With a view to encourage domestic production, numerous countries have imposed trade restrictions, particularly on imports. As per data from the Switzerland-based Intergovernmental organization, The United Nations Conference on Trade and Development, global commerce in goods is likely going to fall nearly $2 trillion in 2023, as reported in December 2023. The imposed trade restrictions could stunt growth by resulting in higher prices and thereby reducing demand._x000D_
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#How Is the Minimal Invasive Surgery Devices Market Defined and What Are Its Core Parameters?#_x000D_
Minimally invasive surgery devices are surgical tools that require fewer incisions of a smaller size or have a quicker healing process. A minimally invasive medical device is implanted inside the patient during surgery._x000D_
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