Minimally Invasive Surgery Market Size to Exceed $100.45 Billion by 2029 | Growth and Industry Trends
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How Has the Minimally Invasive Surgery Market Grown from 2024 to 2025?
In recent times, the market size for minimally invasive surgery has witnessed substantial growth. Its growth projection estimates a rise from $63.82 billion in 2024 to $69.89 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. Factors contributing to this growth during the historical period include patient awareness, decreased duration of hospital stays, reduced risk of infection, enhanced training and expertise of surgeons, and an increase in the prevalence of chronic diseases.
What Growth Rate Is Anticipated for the Minimally Invasive Surgery Market in the Coming Years?
The market size for minimally invasive surgery is anticipated to witness robust growth in the subsequent years, with an expected value of $100.45 billion in 2029, posting a compound annual growth rate (CAGR) of 9.5%. The predicted growth during the forecast period is due to several factors such as government initiatives, an aging population, advancements in remote surgeries, reduced infection risks, and focus on patient-centric care. Key trends influencing this period are virtual reality (VR) training, artificial intelligence (AI)-assisted surgeries, developments in nanotechnology and 3D printing, along with concerns relating to data security.
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Who Are the Leading Companies in the Minimally Invasive Surgery Market?
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
What Are the Key Drivers of the Minimally Invasive Surgery Market?
The escalating occurrence of enduring diseases is projected to drive the demand for the minimally invasive surgery market. Enduring diseases are persistent ailments that usually can’t be cured; however, they can sometimes be treated and managed. The factors causing these chronic ailments include changes in lifestyle, dietary habits, and failure to maintain a healthy body weight. Furthermore, certain prolonged chronic infections can potentially lead to risks of cancer. The rising exposure to such diseases leads to an increased need for minimally invasive surgeries, offering benefits such as reduced post-operative pain, lesser complications, shorter hospital stays, quicker recovery times, minimized scarring, and less strain on the immune system. In January 2023, a report published by the National Library of Medicine, a US-based organization, anticipated that the count of individuals aged 50 and above suffering from one or more chronic diseases will surge by 99.5%, reaching 142.66 million by 2050, a substantial increase from 71.522 million in 2020 in the United States. Hence, the growing prevalence of chronic diseases is augmenting the growth of the minimally invasive surgery market.
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What Are the Key Market Segments in the Minimally Invasive Surgery Industry?
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
What Are the Latest Trends in the Minimally Invasive Surgery Market?
Leading businesses in the minimally invasive surgery market are innovating by creating advanced technological products, such as navigation systems, to heighten the precision of surgery, increase patient safety, and lessen recovery times. A navigation system is a tool which uses maps, sensors, and satellite-supported devices like GPS to determine the position of a vehicle or individual and guide them to their intended destination. For example, in August 2023, Orthofix Medical Inc., a medical device company based in the US, rolled out the 7D FLASH Navigation System Percutaneous Module 2.0 specifically for minimally invasive surgery. This new product augment the clinical functionality and usage of the 7D FLASH Navigation System as it provides surgeons with a comprehensive solution for minimally invasive surgery (MIS), which includes implant planning and a wider range of navigated tools. This new addition propels the crucial MIS spine navigation market and reiterate the 7D FLASH Navigation System’s attractiveness as the top choice among various institutions, ranging from educational hospitals to ambulatory surgeries.
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What Are the Key Regional Markets in the Minimally Invasive Surgery Industry?
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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This Report Delivers Insight On:
1. How big is the minimally invasive surgery market, and how is it changing globally?
2. Who are the major companies in the minimally invasive surgery market, and how are they performing?
3. What are the key opportunities and risks in the minimally invasive surgery market right now?
4. Which products or customer segments are growing the most in the minimally invasive surgery market?
5. What factors are helping or slowing down the growth of the minimally invasive surgery market?
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