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The global minimally invasive surgical devices market was valued at USD 28.5 billion in 2022 and is anticipated to grow at a CAGR of 8.2% from 2023 to 2032. A surgical procedure known as minimally invasive surgery (MIS) places a high priority on using the most advanced methods, tools, and technologies to minimize physical wounds to the patient. Smaller incisions, specialized instruments, and frequently the use of advanced imaging systems to facilitate practice surgical interventions with minimal tissue damage characterize minimally invasive surgery (MIS) in contrast to traditional open surgery, which usually involves large incisions, effective tissue disruption, and lengthy recovery periods. It includes a broad range of options from various medical professions, including robotically assisted surgery, endoscopic surgery, and laparoscopic surgery. These minimally invasive methods are now well known for their capacity to shorten recovery periods, minimize scarring, and lessen persistent discomfort, increasing patient satisfaction and outcomes.
A class of medical tools/devices, instruments, and technology known as minimally invasive surgical devices, or MIS devices, are intended to execute surgical procedures with the least disruption to the patient's body. Smaller incisions, specialized instruments, and cutting-edge imaging technologies distinguish MIS devices from traditional opеn surgery, which involves large incisions. These features combine to provide accurate surgical procedures with less trauma. These devices cover various instruments, including cutting devices, guiding devices, handheld instruments and other minimally invasive surgical tools.
Minimally invasive surgery is illustrated by small/tiny incisions. The minimally invasive surgical instruments can make tiny incisions during the surgery. These tiny holes lessen the chance of consequences, including infection and excessive bleeding, as well as physical injury to the patient. Minimally invasive surgical devices use specialized tools that can fit through tiny incisions and give surgeons the accuracy and skill needed for complex treatments. Since these instruments are frequently articulated, various motions can be performed in small areas. High-definition cameras and real-time video feeds are only two examples of the sophisticated imaging technologies that modern Minimally invasive surgery mostly depends on to give surgeons precise and comprehensive views of the surgery area. Throughout the process, precise decision-making depends on this visual feedback.
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Rising Incidences of Chronic Diseases - The rising and growing incidences of chronic diseases, including diabetes, obesity, and cardiovascular diseases, is the primary factor for the market growth and development. Minimally invasive procedures provide a less intrusive alternative for individuals with chronic diseases that often require surgical intervention. For example, minimally invasive surgeries are often employed in bariatric surgery, which is used to treat obesity and other diseases. To improve mental health and treat obesity, most of the patients opt for minimally invasive surgical treatments & procedures. Additionally, there has been a rise in minimally invasive surgical techniques due to the rising prevalence of gastrointestinal disorders such as diverticulitis and colorectal cancer. For the treatment of these disorders, laparoscopic and endoscopic procedures are frequently utilized, which help patients recover quickly and with less pain after surgery. A key еlеmеnt of treating chronic diseases is minimally invasive surgery, as the prevalence of these illnesses is increasing and necessitating more effective and efficient surgical treatments.
High Initial Investment Costs - A major hindrance to the global minimally invasive surgical devices market is the substantial upfront expenses linked to the adoption and execution of sophisticated management information systems. For healthcare facilities, purchasing cutting-edge surgical equipment can be very expensive. Examples of this technology include robotic surgical systems, sophisticated imaging equipment, and specialized instruments. Robotic surgical equipment, such as the Da Vinci Surgical System, can cost millions of dollars when purchased and maintained. Further, the continuous costs of software updates, training, and equipment upgrades can put a strain on the finances of healthcare facilities, especially small hospitals and clinics. The high initial expenses may discourage clinical professionals from doing minimally invasive surgery, restricting its availability and frequency in particular areas. Financial planning, funding distribution, and cost-effective procurement techniques are needed to alleviate this constraint and provide minimally invasive surgery accessibility for a wider range of healthcare facilities.
Technological Advancements - Technology is one of the main factors propelling the global market for minimally invasive surgical devices. Technology advancements have transformed the medical treatment/surgery sector, increasing its effectiveness, accuracy, and accessibility. These advantages include a broad spectrum of technologies, such as robotically assisted surgery, surgical equipment, and imaging technology. Surgical seat visibility has greatly increased with the integration of high-definition cameras, real-time video frames, and three-dimensional imaging. With this improved visual framework, surgeons can execute intricate surgeries more accurately. The da Vinci Surgical System is an example of a robotic-assisted surgical system that has significantly improved surgical precision and made it possible to do difficult surgeries minimally invasively. Surgeons can perform a wider range of tasks with greater precision and stability owing to these robotic devices, improving treatment effectiveness. Furthermore, the advantages of virtual reality (VR) and augmented reality (AR) technology could improve surgical training and visualization even more. Providing surgeons with increased spatial awareness and real-time assistance can improve surgical results. The ability to execute new and more sophisticated techniques is made possible by the ongoing technological advances in minimally invasive surgery, facilitating the expansion of the industry.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region emerged as the most prominent global Minimally invasive surgical devices market, with a 39.0% market revenue share in 2022. North America has been a pioneering region, boosting the minimally invasive surgical devices market because of its technologically advanced healthcare infrastructure. The market is anticipated to grow owing to the region's health infrastructure development, the demand for minimally invasive surveillance devices, the existence of device manufacturers, the expansion of R&D activities leading to product launches, and improved government initiatives to provide minimally invasive surveillance devices. Colon cancer was the fourth most common cancer in the US in 2020, with 101,809 new cases, according to Globocan 2020. The same source states that in 2020, colon cancer was the fourth most common cancer type to result in an early death in the country, accounting for over 37,390 deaths. The regional market players also engage in various market strategies such as product innovation, product differentiation, mergers, acquisitions, partnerships, and strategic alliances to maintain their competitive edge.
North America Region Minimally Invasive Surgical Devices Market Share in 2022 - 39.0%
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The device type segment includes handheld instruments, inflation devices, cutter instruments, guiding devices, electrosurgical devices and others. With less harm to external tissues, hand tools accelerate the healing process for patients while lessening discomfort and other serious effects. The majority of portable tools used in minimally invasive surveillance are single-use devices. Further, handheld instruments make instruction triangulation during surveillance easy to reach, reducing the possibility of errors. It is anticipated that these advantages of handheld instruments will be greatly boosted owing to their portability. Additionally, a greater number of competitors are entering the market with a variety of hand tools, solidifying their positions. For example, Zimmеr Biomеt announced in September 2022 that it has joined with Associates of Surgical Planning to bring its FDA-approved mixed-reality navigation system for hip replacements to the market. Their market share is substantial because of their dependability and vulnerability, which make them vital.
The end-user segment is bifurcated into hospitals and ambulatory surgical centers. The hospital segment dominated, with a market share of around 59% in 2022. For a long time, hospitals have served as the main location for both open and minimally invasive surgical treatments. They offer a broad range of services and are qualified to perform intricate procedures in several medical specializations. Hospitals hold a substantial market share in minimally invasive surveillance because of their vast infrastructure and ability to save a wide range of patients. Because they provide a wide range of medical services, hospitals are ideal for complicated situations requiring intradisciplinary teamwork. This is especially important for specialties’ like heart surgery, where patients can obtain instant access to a wide range of healthcare services.
The application segment is divided into cardiac, gastrointestinal, orthopedic, gynecological, neurological and others. The orthopedic segment dominated, with a market share around 33% in 2022. Joint replacements, spinal surgery, and trauma surgery are among the treatments that fall under the umbrella of orthopedic surgery, which focuses on the musculoskeletal system. Because they cause less tissue disruption and pain after surgery, minimally invasive techniques have completely changed orthopedic surgery. In conjunction with the growing need for joint replacement treatments due to the ageing population, orthopedic surgery holds a significant market share in the global MIS industry. Minimally invasive procedures, such as arthroscopy and minimally invasive spine surgery, are used by orthopedic surgeons because they promote quicker patient recovery and greater patient satisfaction. Specialized tools and advanced imaging are essential to the effectiveness of minimally invasive orthopedic operations. This is the primary factor for the segment growth.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 28.5 Billion |
| Market size value in 2032 | USD 62.68 Billion |
| CAGR (2023 to 2032) | 8.2% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Device Type, End-user, Application |
As per The Brainy Insights, the size of the minimally invasive surgical devices market was valued at 28.50 billion in 2022 to USD 62.68 billion by 2032.
The global minimally invasive surgical devices market is growing at a CAGR of 8.2% during the forecast period 2023-2032.
North America region became the largest market for minimally invasive surgical devices.
The technological advancements within the industry is influencing the market's growth.
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global minimally invasive surgical devices market based on below-mentioned segments:
Global Minimally Invasive Surgical Devices Market by Device Type:
Global Minimally Invasive Surgical Devices Market by End-user:
Global Minimally Invasive Surgical Devices Market by Application:
Global Minimally Invasive Surgical Devices Market by Region:
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