What Is The Minimally Invasive Surgery Devices Market Overview In 2022?
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The minimally invasive surgery devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of 6%, as per The Business Research Company’s market report!
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The Minimally Invasive Surgery Devices Market Size In 2022 And Forecast
The global minimally invasive surgery devices market is expected to grow from $26.04 billion in 2021 to $28.98 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The minimally invasive surgery devices market is expected to grow to $36.61 billion in 2026 at a CAGR of 6%.
The minimally invasive surgery devices market consists of sales of minimally invasive surgical devices and related services.
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Increase In Awareness For Minimally Invasive Surgery Is Driving The Growth Of The Minimally Invasive Surgery Devices Market
According to the German Heart Surgery Report, the heart operations using ECC (extracorporeal circulation) declined due to achievement of established innovations in minimally invasive therapeutic options in heart surgeries. Furthermore, 51.1% of heart valve operations performed out of the total cardiac surgical procedures in Germany were through the single-valve procedure, out of which 38.5% of them were through minimal invasive heart surgeries. Thus, the growing demand for minimally invasive surgery (MIS) will increase the demand for the minimally invasive surgical devices market.
Competitive Landscape And The Regional Analysis Of The Minimally Invasive Surgery Devices Market
Major players in the minimally 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.
The Minimally Invasive Surgery Devices Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the minimally invasive surgery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the minimally invasive surgery devices market.
Technological Advancement – A Key Trend In The Minimally Invasive Surgery Devices Market
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 to treat medical conditions such as aneurysms, cardiac procedures, dental and spinal procedures. Less-invasive surgical procedures with enhanced capabilities in the areas of imaging, micromachining, robotic equipment and components, software systems, and others are becoming popular in the healthcare industry.
Minimally Invasive Surgery Devices Market Segmentation By The Business Research Company
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
Here Are Some Reports Related To The Minimally Invasive Surgery Devices Market –
Hand-Held Surgical Instruments Global Market Report 2022
Robotic Surgery Devices Global Market Report 2022
Cosmetic Surgery Global Market Report 2022
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