Minimally Invasive Surgery Market Size to reach US$ 70.7 Billion by 2027 | CAGR of 7.39%

PRESS RELEASE
Published February 3, 2023

 According to IMARC Group’s latest report, titled “Minimally Invasive Surgery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global minimally invasive surgery market reached a value of US$ 46.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 70.7 Billion by 2027, exhibiting a CAGR of 7.39% during 2022-2027.

A minimally invasive surgery represents a procedure that generally utilizes surgical techniques that limit the size and number of cuts or incisions during an operation with the help of small tools, cameras, and lights. This procedure is much safer in nature as compared to traditional open surgery, as it results in quicker recovery, minimal blood loss, fewer complications, shorter hospital stays, etc. As a result, these surgeries are gaining extensive traction amongst surgeons as well as patients across the globe. In line with this, they are commonly used for cardiothoracic, orthopedic, vascular, and neurological surgical procedures.

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Minimally Invasive Surgery Market


Minimally Invasive Surgery Market Trends:

The growing prevalence of lifestyle and chronic diseases, such as cancer and obesity, owing to a lack of physical activities and the changing dietary preferences of individuals, is primarily driving the minimally invasive surgery market. Additionally, the expanding geriatric population and the rising number of physician-owned ambulatory surgical centers (ASCs) are further catalyzing the market growth. 

Besides this, the increasing consumer health consciousness has led to the widespread adoption of numerous weight loss surgical procedures, such as bariatric surgery and gastric banding, which is acting as another significant growth-inducing factor. Moreover, the development of advanced techniques, including the da Vinci surgical system, that offer improved outcomes by using a 3D (three-dimensional) high-definition view of the surgical area is positively influencing the global market. Apart from this, the introduction of narrow-band imaging endoscopes and HD cameras is also propelling the market growth.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The report has also analysed the competitive landscape of the market with some of the key players.

  • Zimmer Biomet Inc.
  • Medtronic Inc.
  • GE Healthcare
  • Intuitive
  • Eximis Surgical
  • Stryker Corporation
  • Arthrex, B. Braun
  • Bauer Medical
  • Check-Cap
  • Cook Medical
  • OmniGuide, Inc.
  • Orthofix Holdings,Inc
  • Pentax
  • Philips Healthcare
  • RF System
  • Smith & Nephew
  • TransEnterix
  • Virtual Ports

Key Market Segmentation:

The report has categorized the market based on product type, application and end-user.

Breakup by Product Type:

  • Surgical Devices 
  • Laparoscopy Devices
  • Monitoring and Visualization Devices

Breakup by Application:

  • Bariatric Surgery
  • Breast Surgery
  • Cardiac Surgery
  • Cosmetic Surgery
  • Gastrointestinal Surgery
  • Gynaecological Surgery
  • Orthopedics and Spine Surgery
  • Thoracic Surgery
  • Others

Breakup by End-User:

  • Hospitals
  • Clinics
  • Others

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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