The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The minimally invasive surgery market has demonstrated robust growth, expanding from $57.7 billion in 2023 to an estimated $63.41 billion in 2024, reflecting a Compound Annual Growth Rate (CAGR) of 9.9%. This growth in the historic period is attributed to various factors such as increased patient awareness, reduced hospital stay, lower infection risk, surgeon training proficiency, and the prevalence of chronic diseases.

• Chronic Diseases Driving Demand:The surge in chronic diseases, including cancer, neurological disorders, and cardiovascular diseases, is a significant catalyst for the demand in the minimally invasive surgery market. These long-lasting illnesses often necessitate ongoing medical attention, leading patients to seek less invasive surgical solutions for enhanced care and faster recovery.
• Impact of Lifestyle Changes:Changing lifestyles, dietary habits, and obesity contribute to the rise in chronic conditions. Minimally invasive surgeries provide several advantages, including less post-operative pain, shorter hospital stays, faster recovery times, and minimal scarring, addressing the specific needs of patients dealing with chronic illnesses.
• Global Impact of Chronic Diseases:According to a report by the National Library of Medicine, the number of individuals aged 50 and older with chronic illnesses in the United States is projected to increase by 99.5% by 2050. This emphasizes the critical role of minimally invasive surgery in addressing the healthcare challenges posed by chronic diseases.

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Technological Advancements Drive Surge In Minimally Invasive Surgery Market

Technological advancements play a pivotal role in the growth of the minimally invasive surgery market. As science and technology progress, there is a heightened demand for specialized medical care and treatment quality. Innovations in optics, instrumentation, materials, robotics, and computer systems contribute to the increased adoption of minimally invasive surgery techniques.

• Focus on Technological Solutions:Major companies in the market are investing in the development of cutting-edge technological solutions. For example, Ethicon, part of Johnson & Johnson, introduced the ECHELONTM+ stapler with GST reloads, incorporating gripping surface technology (GST) reloads for more consistent compression and a new motor with dynamic firing for optimized speed in thick tissue.

Hologic, Inc. Enhances Surgical Portfolio With Acquisition Of Bolder Surgical

Strategic acquisitions are shaping the landscape of the minimally invasive surgery market. In October 2021, Hologic, Inc., a US-based medical technology company, acquired Bolder Surgical for $160 million. This acquisition further strengthens Hologic’s surgical portfolio by integrating Bolder’s advanced vessel sealing and dissection tools used in laparoscopic procedures.

• Broadening Surgical Portfolio:Hologic’s acquisition of Bolder Surgical highlights the industry trend of expanding capabilities through strategic acquisitions. The addition of advanced energy vessel sealing surgical devices enhances Hologic’s ability to provide comprehensive solutions for minimally invasive surgical procedures.

Market Segmentation: A Comprehensive Overview

The minimally invasive surgery market is segmented based on devices, products, applications, and end-users, providing a comprehensive understanding of the diverse components within the industry.

1. Device Segmentation:Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring And Visualization Devices.
2. Product Segmentation:Surgical Devices, Laparoscopy Devices, Monitoring And Visualization Devices.
3. Application Segmentation:Cardiac, Gastrointestinal, Orthopedic, Vascular, Gynecological, Urological, Cosmetic, Dental.
4. End-User Segmentation:Hospitals And Specialty Clinics, Ambulatory Surgery Centers.

• Regional Dominance:North America emerged as the largest region in the minimally invasive surgery market in 2023, underlining the region’s substantial contribution to the overall market dynamics.

In conclusion, the minimally invasive surgery market’s trajectory is marked by its ability to address the rising prevalence of chronic diseases, fueled by advancements in technology and strategic acquisitions. As the market continues to evolve, these trends will play a crucial role in shaping its future, offering enhanced precision, patient care, and a broader range of medical solutions.

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