Market Overview:
The global minimally invasive surgery market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to factors such as technological advancements, rising prevalence of chronic diseases, and increasing demand for minimally invasive surgeries. Based on type, the global minimally invasive surgery market is segmented into drugs, devices, and others. The devices segment is further sub-segmented into surgical instruments, endoscopes & accessories, and implants & prosthetics. Based on application, the global minimally invasive surgery market is segmented into hospitals and ASCs. Geographically, the global minimally invasive surgery market is divided into North America (U.S., Canada), Latin America (Mexico), Europe (Germany France Italy Spain U.K.), Asia Pacific (China Japan India Australia South Korea) Middle East & Africa (South Africa Saudi Arabia UAE).
Product Definition:
Minimally invasive surgery, also called keyhole surgery, is a type of surgery that uses small incisions and special instruments to perform operations.
Drugs:
The global drugs, it's usage and growth factor in minimally invasive surgery market size was valued at USD 4.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Devices:
The global devices and it's usage in minimally invasive surgery market is expected to witness significant growth over the forecast period. The key drivers of this market are increasing demand for minimally invasive surgeries, technological advancements, and rising geriatric population.
Application Insights:
Based on application, the global minimally invasive surgery market is segmented into hospitals and ASCs. Hospitals dominated the overall market in terms of revenue in 2017 owing to factors such as increasing geriatric population, which increases the risk of developing conditions like cardiovascular diseases (CVDs) and diabetes. In addition, an increase in number of hospital-acquired devices has also positively influenced growth.
The ascendant role played by advanced healthcare centers or ASCs is also a key factor driving demand globally. These facilities offer state-of-the-art equipment and technology for minimally invasive surgeries that are associated with less postoperative pain, reduced risks & costs as well as shorter recovery timeframes compared to conventional surgical methods.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by key companies, rising prevalence of chronic diseases, and growing number of minimally invasive surgeries per capita in the region. For instance, as per a study published by National Center for Health Statistics (NCHS), from 2015 to 2016, around 9 million people had undergone total hip or knee replacement surgery which is approximately equivalent to France population.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing government initiatives for improving healthcare infrastructure and reimbursement policies that encourage innovation & development of novel devices & procedures involved in MIs sector.
Growth Factors:
- Increasing demand for minimally invasive surgery procedures due to their benefits over traditional open surgery procedures.
- Growing number of surgeons who are trained in and comfortable performing minimally invasive surgeries.
- Advances in surgical technology that make minimally invasive surgeries more effective and safe.
- Rising healthcare costs encouraging patients to opt for less-invasive procedures whenever possible.
- Increased awareness among patients about the benefits of minimally invasive surgery procedures
Scope Of The Report
Report Attributes
Report Details
Report Title
Minimally Invasive Surgery Market Research Report
By Type
Drugs, Devices, Others
By Application
Hospitals, ASCs
By Companies
Medtronic, Abbott Laboratories, Smith & Nephew, Biomet, DePuy Synthes, GE Healthcare, Given Imaging, Intuitive Surgical, NuVasive, Philips Healthcare, Siemens Healthcare, Stryker, Teleflex
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Minimally Invasive Surgery Market Report Segments:
The global Minimally Invasive Surgery market is segmented on the basis of:
Types
Drugs, Devices, Others
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
Hospitals, ASCs
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:
- Medtronic
- Abbott Laboratories
- Smith & Nephew
- Biomet
- DePuy Synthes
- GE Healthcare
- Given Imaging
- Intuitive Surgical
- NuVasive
- Philips Healthcare
- Siemens Healthcare
- Stryker
- Teleflex
Highlights of The Minimally Invasive Surgery 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:
- Drugs
- Devices
- Others
- By Application:
- Hospitals
- ASCs
- 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 Surgery 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Minimally invasive surgery (MIS) is a type of surgery that uses smaller incisions and less pain than traditional surgeries. MIS can be used to treat a variety of medical conditions, including: -Cancerous tumors -Aortic aneurysms (a bulging or ballooning in the wall of the aorta, which carries blood from your heart to other parts of your body) -Pulmonary embolisms (blood clots in the lungs)
Some of the key players operating in the minimally invasive surgery market are Medtronic, Abbott Laboratories, Smith & Nephew, Biomet, DePuy Synthes, GE Healthcare, Given Imaging, Intuitive Surgical, NuVasive, Philips Healthcare, Siemens Healthcare, Stryker, Teleflex.
The minimally invasive surgery market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Minimally Invasive Surgery 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 Surgery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Minimally Invasive Surgery 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 Surgery 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 Surgery Market Size & Forecast, 2020-2028
4.5.1 Minimally Invasive Surgery Market Size and Y-o-Y Growth
4.5.2 Minimally Invasive Surgery Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Drugs
5.2.2 Devices
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 ASCs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Minimally Invasive Surgery 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 Surgery 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Drugs
9.6.2 Devices
9.6.3 Others
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 Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 ASCs
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Drugs
10.6.2 Devices
10.6.3 Others
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 Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 ASCs
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Drugs
11.6.2 Devices
11.6.3 Others
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 Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 ASCs
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Drugs
12.6.2 Devices
12.6.3 Others
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 Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 ASCs
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Drugs
13.6.2 Devices
13.6.3 Others
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) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 ASCs
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 Surgery Market: Competitive Dashboard
14.2 Global Minimally Invasive Surgery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Abbott Laboratories
14.3.3 Smith & Nephew
14.3.4 Biomet
14.3.5 DePuy Synthes
14.3.6 GE Healthcare
14.3.7 Given Imaging
14.3.8 Intuitive Surgical
14.3.9 NuVasive
14.3.10 Philips Healthcare
14.3.11 Siemens Healthcare
14.3.12 Stryker
14.3.13 Teleflex
