Market Overview:
The global minimally invasive gastrointestinal surgical system market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of gastrointestinal diseases, technological advancements in minimally invasive surgery, and rising demand for minimally invasive surgery procedures. The global minimally invasive gastrointestinal surgical system market is segmented by type, application, and region. By type, the market is divided into conventional minimally invasive gastrointestinal surgical systems and surgical robotic systems. By application, the market is segmented into hospitals, specialty clinics, and ambulatory surgical centers (ASCs). Geographically, the global minilmaly invaive gastrointestional surical system maeket is segmented into North America,, Latin America,, Europe,, Asia Pacific,,and Middle East & Africa,. North America dominates the global minilmaly invaive gastrointestional surical system maeket due to high prevalence of chronic diseases such as obesity and diabetes mellitus in this region., The Asia Pacific region is projected to grow at a highest CAGR during forecast period owing to increase in geriatric population coupled with growing awareness about benefits of MIGS procedures.
Product Definition:
A minimally invasive gastrointestinal surgical system is a device that helps surgeons perform certain procedures on the digestive system through small incisions. This type of surgery is less invasive than traditional surgery and can often lead to shorter hospital stays and faster recoveries.
Conventional Minimally Invasive Gastrointestinal Surgical System:
Conventional Minimally invasive gastrointestinal surgical system market is segmented into Product and Geographical Region. On the basis of product, it is segmented into endoscopes, robot-assisted endoscopy systems, videoendoscopy systems and capsule Endoscopic Systems (CE). Videoendoscope market has dominated the global CE market in recent years.
Surgical Robotic:
Surgical robotic is a computer-controlled device that performs surgical tasks without human assistance. It is used to assist the surgeon in performing various gastrointestinal procedures such as endoscopy, laparoscopy, and colonoscopy. Surgical robotic system consists of three components which are robot platform, camera control system & monitor and software application.
Application Insights:
Based on application, the global market is segmented into hospital, specialty clinic and ambulatory surgical centers. The hospital segment dominated the market in 2017 owing to a high volume of surgeries being performed there. Minimally invasive surgeries are complex in nature and require highly skilled surgeons to perform it successfully; hence hospitals are preferred for these procedures as they have a higher number of patients undergoing surgery at any given time. Ambulatory surgical centers also held significant share due to increasing awareness about minimally invasive gastrointestinal procedures among individuals who had undergone conventional open surgeries previously without getting better or cured.
The specialty clinics segment is expected to grow at a lucrative rate during the forecast period owing to rising demand for minimally invasive gastrointestinal procedures from obese patients with complicated medical conditions such as diabetes mellitus, Crohn¢â‚¬â„¢s disease or ulcerative colitis,.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing prevalence of diseases, such as obesity and cancer, growing geriatric population, high healthcare expenditure and favorable reimbursement policies & regulatory reforms. For instance, in 2014 Medicare announced that it will cover endoscopy procedures performed via robot-assisted minimally invasive techniques.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure.
In 2016 Asia Pacific held approximately 37% share of global medical robotics industry followed by North America with 32%. The presence of local companies coupled with rising R&D activities is anticipated boost regional growth over the forecast period.
Growth Factors:
- Increasing incidence of gastrointestinal diseases: The incidence of gastrointestinal diseases is increasing globally due to changing lifestyle and food habits. This is expected to drive the demand for minimally invasive gastrointestinal surgical systems over the forecast period.
- Technological advancements: The technological advancements in minimally invasive surgical systems are aiding in faster recovery times and reducing the post-operative complications associated with traditional surgery methods. This is expected to boost the demand for these systems over the forecast period.
- Rising preference for minimally invasive surgeries: There is a rising preference for minimally invasive surgeries among patients owing to their shorter recovery times and lesser post-operative complications as compared to traditional surgery methods. This is anticipated to fuel the growth of the global minimally invasive gastrointestinal surgical system market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Minimally Invasive Gastrointestinal Surgical System Market Research Report
By Type
Conventional Minimally Invasive Gastrointestinal Surgical System, Surgical Robotic
By Application
Hospital, Specialty Clinic, Ambulatory Surgical Center
By Companies
Ambu A/S, B. Braun Melsungen AG, Boston Scientific Corporation, Conmed Corporation, Cook Medical Inc., Intuitive Surgical, Inc., Olympus Corporation, Medtronic plc, Karl Storz SE and Co. KG, Stryker Corporation, Fujifilm Holdings Corporation, Pentax Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Minimally Invasive Gastrointestinal Surgical System Market Report Segments:
The global Minimally Invasive Gastrointestinal Surgical System market is segmented on the basis of:
Types
Conventional Minimally Invasive Gastrointestinal Surgical System, Surgical Robotic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Specialty Clinic, Ambulatory Surgical Center
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ambu A/S
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Conmed Corporation
- Cook Medical Inc.
- Intuitive Surgical, Inc.
- Olympus Corporation
- Medtronic plc
- Karl Storz SE and Co. KG
- Stryker Corporation
- Fujifilm Holdings Corporation
- Pentax Medical
Highlights of The Minimally Invasive Gastrointestinal Surgical System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Conventional Minimally Invasive Gastrointestinal Surgical System
- Surgical Robotic
- By Application:
- Hospital
- Specialty Clinic
- Ambulatory Surgical Center
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Minimally Invasive Gastrointestinal Surgical System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A minimally invasive gastrointestinal surgical system (MIGS) is a type of surgery that uses smaller incisions and less pain than traditional surgeries. MIGS can be used to treat conditions like Crohn's disease, ulcerative colitis, and Barrett's esophagus.
Some of the key players operating in the minimally invasive gastrointestinal surgical system market are Ambu A/S, B. Braun Melsungen AG, Boston Scientific Corporation, Conmed Corporation, Cook Medical Inc., Intuitive Surgical, Inc., Olympus Corporation, Medtronic plc, Karl Storz SE and Co. KG, Stryker Corporation, Fujifilm Holdings Corporation, Pentax Medical.
The minimally invasive gastrointestinal surgical system market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Minimally Invasive Gastrointestinal Surgical System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Minimally Invasive Gastrointestinal Surgical System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Minimally Invasive Gastrointestinal Surgical System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Minimally Invasive Gastrointestinal Surgical System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Minimally Invasive Gastrointestinal Surgical System Market Size & Forecast, 2018-2028
4.5.1 Minimally Invasive Gastrointestinal Surgical System Market Size and Y-o-Y Growth
4.5.2 Minimally Invasive Gastrointestinal Surgical System Market Absolute $ Opportunity
Chapter 5 Global Minimally Invasive Gastrointestinal Surgical System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Type
5.2.1 Conventional Minimally Invasive Gastrointestinal Surgical System
5.2.2 Surgical Robotic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Minimally Invasive Gastrointestinal Surgical System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Specialty Clinic
6.2.3 Ambulatory Surgical Center
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Minimally Invasive Gastrointestinal Surgical System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Minimally Invasive Gastrointestinal Surgical System Analysis and Forecast
9.1 Introduction
9.2 North America Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Type
9.6.1 Conventional Minimally Invasive Gastrointestinal Surgical System
9.6.2 Surgical Robotic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Specialty Clinic
9.10.3 Ambulatory Surgical Center
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Minimally Invasive Gastrointestinal Surgical System Analysis and Forecast
10.1 Introduction
10.2 Europe Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Type
10.6.1 Conventional Minimally Invasive Gastrointestinal Surgical System
10.6.2 Surgical Robotic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Specialty Clinic
10.10.3 Ambulatory Surgical Center
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Minimally Invasive Gastrointestinal Surgical System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Type
11.6.1 Conventional Minimally Invasive Gastrointestinal Surgical System
11.6.2 Surgical Robotic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Specialty Clinic
11.10.3 Ambulatory Surgical Center
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Minimally Invasive Gastrointestinal Surgical System Analysis and Forecast
12.1 Introduction
12.2 Latin America Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Type
12.6.1 Conventional Minimally Invasive Gastrointestinal Surgical System
12.6.2 Surgical Robotic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Specialty Clinic
12.10.3 Ambulatory Surgical Center
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Minimally Invasive Gastrointestinal Surgical System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Type
13.6.1 Conventional Minimally Invasive Gastrointestinal Surgical System
13.6.2 Surgical Robotic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Minimally Invasive Gastrointestinal Surgical System Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Specialty Clinic
13.10.3 Ambulatory Surgical Center
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Minimally Invasive Gastrointestinal Surgical System Market: Competitive Dashboard
14.2 Global Minimally Invasive Gastrointestinal Surgical System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ambu A/S
14.3.2 B. Braun Melsungen AG
14.3.3 Boston Scientific Corporation
14.3.4 Conmed Corporation
14.3.5 Cook Medical Inc.
14.3.6 Intuitive Surgical, Inc.
14.3.7 Olympus Corporation
14.3.8 Medtronic plc
14.3.9 Karl Storz SE and Co. KG
14.3.10 Stryker Corporation
14.3.11 Fujifilm Holdings Corporation
14.3.12 Pentax Medical
