Growth Opportunities and Trends in the Minimally Invasive And Non Invasive Product And Service Market: Key Insights for 2025-2034
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How has the minimally invasive and non invasive product and service market size evolved in recent years?
The market size of minimally invasive and non-invasive products and services has seen significant expansion lately. The increase is expected to continue, rising from $140.65 billion in 2024 to $149.97 billion in 2025, implying a compound annual growth rate (CAGR) of 6.6%. The increase during the prior period can be linked to factors like early adopter influence, concerted industry research and collaboration, shifts in regulations and approvals, and changing patient expectations.
What are the predictions for the minimally invasive and non invasive product and service market size in the coming years?
It is anticipated that the market size of minimally invasive and non invasive products and services will significantly expand in the forthcoming years. The market is forecasted to reach a value of $202.73 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.8%. Several factors are contributing to this growth during the forecasted period, such as increased healthcare expenses, shifts in consumer preferences, regulatory modifications and approvals, education and training, market consolidation, and competition. Key trends predicted in the forecast period encompass growth in cosmetic and aesthetic procedures, advancement in personalized medicine, emphasis on outpatient services, broadened applications, and the integration of AI and robotics.
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What key factors are fueling the growth of the minimally invasive and non invasive product and service market?
Growth in the market for non-invasive and minimally invasive products and services is anticipated to be driven by an increasing older population. The older population, specifically those 65 years and above and no longer working, is referred to as the geriatric population. As they age, the demand for non-invasive procedures and products like hearing aids and external splints increases among this group. For example, it was stated by the World Health Organization, a public health organization based in Switzerland, that by 2022, the number of individuals aged 60 years and above worldwide is expected to rise to 1.4 billion from 1 billion in 2020. Furthermore, by 2030, it’s projected that one in six people globally will be over 60 years old. Consequently, the growing geriatric population is fueling the expansion of the market for non-invasive and minimally invasive products and services.
How is the global minimally invasive and non invasive product and service market divided into key segments?
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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Who are the key firms paving the way for growth in the minimally invasive and non invasive product and service market?
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.
Which trends are expected to transform the minimally invasive and non invasive product and service market?
Emerging technological advancements in surgical proceedings is a rising trend in the market for minimally invasive and non-invasive products and services. Key market entities are focusing on these innovative techniques to maintain their market standing. For example, Abbott Laboratories, a multinational healthcare and medical device company based in the US, unveiled its newest transcatheter aortic valve implantation (TAVI) system in December 2022. The Navitor valve, exclusive to this system, prevents blood leakage around the valve, offering improved TAVI treatments. This recent addition to Abbott’s range of transcatheter solutions provides physicians and patients with less invasive methods of addressing heart ailments.
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What regions are contributing significantly to the growth of the minimally invasive and non invasive product and service market?
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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