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 surgical instruments market report forecasts the minimally invasive surgical instruments market size to grow to $48.94 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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Minimally Invasive Surgical Instruments Market Size Forecast
The global minimally invasive surgical instruments market is expected to grow from $32.79 billion in 2022 to $35.61 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. 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 surgical instruments market size is expected to grow to $48.94 billion in 2027 at a CAGR of 8.3%.

North America held the largest minimally invasive surgical instruments market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Minimally Invasive Surgical Instruments Market Driver ­– Rise In The Number Of Surgical Procedures
For instance, according to a report on statistics for aesthetic plastic surgery released in April 2022 by The Aesthetic Society, the total number of surgical procedures rose by 54% between 2021 and 2020. Additionally, from 564,303 procedures in 2020 to 921,664 in 2021, a 63% rise in the overall number of body surgery procedures was recorded. Therefore, the increase in the number of surgical procedures is driving the growth of the minimally invasive surgical instruments market.

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Key Minimally Invasive Surgical Instruments Market Trend – Developing Low-Cost Surgical Robotic Systems
Due to the growth prospects for minimally invasive surgery in a variety of medical domains, robot-assisted surgery has fast grown in popularity. As the market for robotic surgery approaches a decade of commercial use, new surgical modalities with new technologies, smaller dimensions, and lower costs are becoming accessible. In October 2020, CMR Surgical, a UK-based medical technology company has launched Versius Surgical Robotic System at Argenteuil Hospital, a public health center near Paris, France. Versus was built by CMR Surgical to be versatile and cost-effective, using financial models that provide budget certainty and encourage regular usage of the system. Versius seeks to ensure that surgeons and hospitals can give the greatest level of surgical care to their patients. It has been utilized at Argenteuil Hospital for a variety of treatments in a variety of specialties. Urological and gynecological surgery are two examples. These treatments are frequently complicated and can take several hours to complete. In these circumstances, using robotic MAS can reduce physical strain on the surgeon, cut patient recovery time from weeks to days, and lessen the risk of surgical site infections.

Minimally Invasive Surgical Instruments Market Segment
1) By Product: Handheld Instruments, Inflation Systems, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Instruments
2) Type of Procedure Outlook: Robotic, Non- Robotic
3) By Application: Cardiothoracic Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Gynecological Surgery, Cosmetic & Bariatric Surgery, Vascular Surgery, Urological Surgery
4) By End User: Hospitals, Ambulatory Surgical Clinics, Research Institutes

Minimally Invasive Surgical Instruments Market Major Players and Strategies
Major players in the minimally invasive surgical instruments market are Abbott Laboratories, Inc., Aesculap Inc., AMNOTEC International Medical GmbH, Applied Medical Resources Corporation, B. Braun Melsungen AG, Becton, Dickinson and Company, Boston Scientific Corporation, CONMED Corporation, EndoMed Systems GmbH, FUJIFILM Holdings Corporation, HOYA Corporation, Intuitive Surgical, Inc., KARL STORZ SE & Co. KG, KLS Martin Group, Koninklijke Philips N.V., Microline Surgical, NuVasive, Inc., Olympus Corporation, Scanlan International, Inc., Smith & Nephew plc, Ethicon Inc., and GE Healthcare.

In April 2021, Erbe Elektromedizin, a Germany-based surgical tool, and device manufacturer signed an agreement to acquire Maxer Endoscopy for an undisclosed amount. Through this acquisition, Erbe is expected to develop its surgical endoscopy business and it will also enable Erbe to provide increased performance in endoscopic and open operations using 4K and fluorescence-guided devices. Mixer, a German-based company founded in 2004, specializes in minimally invasive surgery (MIS). Max focuses on the development of high-end visualization technologies that can produce dazzling, pin-sharp multi-spectral images for NIR fluorescence-guided surgery as well as ordinary white light images.

The Minimally Invasive Surgical Instruments Global Market Report 2023 covers regional data on minimally invasive surgical instruments market size, minimally invasive surgical instruments market trends and drivers, opportunities, strategies, and minimally invasive surgical instruments market competitor analysis. The countries covered in the minimally invasive surgical instruments 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 surgical instruments are used for performing less traumatic surgeries for patients. Minimally invasive surgery is performed by using small incisions (cuts) and a few stitches. During the surgery, one or more small incisions are made in the body, and in order to guide the surgery, a laparoscope (thin, tube-like equipment with a light and a lens for seeing) is introduced through one of the openings. Minimally invasive surgery results in less discomfort, scarring, and tissue damage, as well as a faster recovery time than traditional surgery.

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