Minimally Invasive Surgery Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
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How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theMinimally Invasive Surgery Market?
The growing prevalence of chronic diseases is expected to drive the demand for the minimally invasive surgery market. Chronic diseases, which are often long-lasting and difficult to treat, require more frequent surgical interventions. Minimally invasive surgery, which offers benefits like reduced recovery time and less pain, is becoming increasingly popular for treating these conditions. For example, the National Library of Medicine projected that the number of individuals over 50 with chronic illnesses in the U.S. will nearly double by 2050, further driving the demand for minimally invasive surgery.
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#What Long-Term Growth Rate is Expected for theMinimally Invasive Surgery Market Between 2025 and 2034?
The minimally invasive surgery market has experienced strong growth in recent years. It will increase from $63.82 billion in 2024 to $69.89 billion in 2025, at a CAGR of 9.5%. Factors contributing to this growth include increased patient awareness, shorter hospital stays, lower infection risks, improved surgeon training, and the rising prevalence of chronic diseases.
The minimally invasive surgery market is projected to grow significantly, reaching $100.45 billion by 2029 at a CAGR of 9.5%. Growth is driven by government initiatives, an aging population, remote surgery capabilities, reduced infection risk, and patient-centered care. Key trends include the integration of virtual reality in training, AI-assisted surgery, advancements in nanotechnology, 3D printing applications, and increased focus on data security.
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What Are the Current Market Growth and Trends in theMinimally Invasive Surgery Market That Industry Players Should Watch?
Companies in the minimally invasive surgery market are developing advanced products like navigation systems to improve surgical precision, safety, and reduce recovery time. For example, in August 2023, Orthofix Medical Inc., a US-based medical device company, launched the 7D FLASH Navigation System Percutaneous Module 2.0. This system offers a fully integrated solution for minimally invasive surgeries, including implant planning and a broader range of navigated tools, enhancing its appeal in spine navigation.
What Are the Major Market Players Making an Impact on theMinimally Invasive Surgery Market Growth?
Major companies operating in the minimally invasive surgery market include Arthrex Inc., B. Braun Melsungen AG, Intuitive Surgical Inc., Medtronic Inc., OmniGuide Inc., Olympus Corporation, GE Healthcare, Siemens Healthineers, Smith & Nephew, Johnson & Johnson Ltd., Stryker Corporation, Boston Scientific Corporation, Abbott Laboratories, Koninklijke Philips N.V., Applied Medical Resources Corporation, KLS Martin Group, Scanlan International Inc., Wexler Surgical, STRAUSS SURGICAL, AMNOTEC International Medical GmbH, EndoMed Systems GmbH, TROKAMED GmbH, Surgical Holdings Ltd., Ethicon Inc., DePuy Synthes, NuVasive Inc., Zimmer Biomet Holdings Inc., Renishaw plc, CONMED Corporation, Bedfordshire Hospitals NHS Foundation Trust, Manipal Health Enterprises Pvt. Ltd., Singapore General Hospital Ltd., The General Hospital Corporation, Karl Storz SE & Co. KG, Becton Dickinson and Company, Applied Medical Resources Corporation, LiNA Medical, HOYA Corporation, Steris Corporation
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How Are the Key Segments of the Minimally Invasive Surgery Market Driving Opportunities and Innovations?
The minimally invasive surgery market covered in this report is segmented –
1) By Device: Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring And Visualization Devices
2) By Product: Surgical Devices, Laparoscopy Devices, Monitoring And Visualization Devices
3) By Application: Cardiac, Gastrointestinal, Orthopedic, Vascular, Gynecological, Urological, Cosmetic, Dental
4) By End-User: Hospitals And Specialty Clinics, Ambulatory Surgery Centers
Subsegments:
1) By Handheld Instruments: Scissors, Graspers, Forceps, Needle Holders
2) By Inflation Devices: Insufflators, Inflation Pumps
3) By Cutter Instruments: Blades, Snares, Biopsy Instruments
4) By Guiding Devices: Trocar And Cannula Systems, Guidewires
5) By Electrosurgical Devices: Electrosurgical Generators, Electrosurgical Pencils
6) By Auxiliary Devices: Suction Devices, Energy Devices
7) By Monitoring And Visualization Devices: Endoscopes, Cameras, Monitors And Display Systems
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theMinimally Invasive Surgery Market?# Market Expansion?
North America was the largest region in the minimally invasive surgery market in 2024. The regions covered in the minimally invasive surgery market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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