minimally invasive surgery market
Medical Equipment

How Will The Minimally Invasive Surgery Market Globally Expand In 2023?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s minimally invasive surgery market report forecasts the minimally invasive surgery market size to grow to $78.7 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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Minimally Invasive Surgery Market Size Forecast
The global minimally invasive surgery market is expected to grow from $51.43 billion in 2022 to $57.27 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. 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, causing inflation across goods and services and affecting many markets across the globe. The minimally invasive surgery market size is expected to grow to $78.7 billion in 2027 at a CAGR of 8.3%.

North America held the largest minimally invasive surgery market share.

Key Minimally Invasive Surgery Market Driver ­– Increase In Prevalence Of Chronic Diseases
For instance, In September 2020, a research report published by American Action Forum identified the prevalence and cost of chronic disease in the United States are growing and will continue to rise as prevalence of the disease among young people and children rises. The increasing total cost of chronic disease in the United States reaches $3.7 trillion each year, approximately 19.6 percent of its gross domestic product, making it a severe issue in healthcare. Therefore increasing prevalence of chronic diseases is driving the growth of minimally invasive surgery market.

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Key Minimally Invasive Surgery Market Trend – Technological Advancement
The demand for special medical care and treatment quality has increased with the advancement of science and technology and improving people’s living standards. This advancement has propelled the use of minimally invasive surgery (MIS) techniques for performing advanced surgical procedures. Major companies operating in the minimally invasive surgery market are focused on developing new technological solutions such as advances in optics, instrumentation, materials, robotics, computer systems, and others. For instance, In March 2021, Ethicon, part of the Johnson & Johnson Medical Devices Companies, a US-based advanced medical device company for minimally invasive and open surgical procedures, launched an ECHELONTM+ stapler with GST reloads. This technology has gripping surface technology (GST) reloads for more consistent compression to better capture and form staples and a new motor with dynamic firing, which optimizes firing speed in thick tissue to improve compression.

Minimally Invasive Surgery Market Segment
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

Minimally Invasive Surgery Market Major Players and Strategies
Major players in the minimally invasive surgery market are Arthrex, B. Braun, Intuitive, Medtronic Inc., OmniGuide Inc., Eximis Surgical Inc., Smith & Nephew plc, Stryker Corporation, Zimmer Biomet Inc., NuVasive Inc., Fortimedix Surgical BV, Microline Surgical Inc., Cirtec Medical Corp., Johnson & Johnson Services Inc., Philips Healthcare, TransEnterix, Silex Medical LLC, and Freudenberg Medical.

In October 2021, Hologic, Inc., a US-based medical technology company, acquired Bolder Surgical for $160 million. This acquisition will broaden Hologic’s surgical portfolio by incorporating Bolder’s distinct advanced vessel sealing and dissection tools used in laparoscopic procedures. Bolder Surgical is a US-based provider of advanced energy vessel sealing surgical devices.

The Minimally Invasive Surgery Global Market Report 2023 covers regional data on minimally invasive surgery market size, minimally invasive surgery market trends and drivers, opportunities, strategies, and minimally invasive surgery market competitor analysis. The countries covered in the minimally invasive surgery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Minimally invasive surgery refers to operating on the body with less damage than open surgery. The surgeon uses small tools, cameras, and lights that fit through several tiny cuts in your skin during minimally invasive surgery. These kinds of surgery primarily aim to reduce postoperative pain and blood loss, accelerate recovery, and reduce scarring.

View More Reports Related To The Minimally Invasive Surgery Market –
Minimally Invasive Surgical Instruments Global Market Report 2023
Surgical Equipment Global Market Report 2023
Surgical Sutures And Staples Global Market Report 2023

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