Market Overview:
The global minimally invasive surgical systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries due to their benefits over traditional open surgeries, technological advancements in surgical robotic systems, and rising prevalence of chronic diseases. Based on type, the global minimally invasive surgical systems market is segmented into surgical robotic systems and conventional minimally invasive surgical systems. The surgical robotic systems segment is expected to grow at a higher CAGR than the conventional minimally invasive surgery system segment during the forecast period from 2018 to 2030. This can be attributed to the increasing demand for technologically advanced products and growing preference for robot-assisted surgeries over traditional open surgeries. Based on application, the global minimally invasive surgery system market is divided into general surgery, interventional cardiology, gynecology surgery, orthopaedics surgery, urologic surgery,, bariatric surgery,, neurological Surgery,, and others segments. The general Surgery segment accounted for majority share of revenue in 2017 owingto high prevalence of chronic diseases such as cancer that require general surgeries for treatment., However,.
Product Definition:
Minimally invasive surgery (MIS) is a surgical approach in which the surgeon makes small incisions and uses specialized instruments to perform the surgery. MIS techniques can be used for a wide variety of surgeries, including hysterectomies, hernia repairs, and gallbladder removals.
The use of minimally invasive surgical systems (MISS) has revolutionized modern surgery by providing less traumatic procedures with faster recoveries when compared to traditional open surgeries. MISS allows surgeons increased dexterity and visualization within the operative field which often results in decreased blood loss, pain, scarring, and hospital stays.
Surgical Robotic Systems:
Surgical robotic systems are medical devices that assist in surgical procedures. They can be used by surgeons of all specialties and levels of experience. Surgical robotic systems have witnessed tremendous growth over the past few years owing to technological advancements, increasing demand for minimally invasive surgeries, and rising healthcare expenditure across the globe.
Conventional Minimally Invasive Surgical Systems:
Conventional Minimally invasive surgical systems market is segmented into two types based on technology and application. Based on the technology, it is classified as laparoscopic surgery, thoracoscopic surgery, arthroscopic surgery and open surgery. According to the American Cancer Society’s Cancer Statistics Center in 2018; around 17 million new cancer cases were reported in U.S., which resulted in 9.6 million deaths worldwide (5.4% of total deaths).
Application Insights:
The general surgery segment dominated the market in 2017 and is expected to witness a lucrative CAGR during the forecast period. Minimally invasive surgeries are increasingly being used for various general surgical procedures, such as hernia repair, ureteroscopy, laparoscopic cholecystectomy (gallbladder removal), endoscopic sleeve gastrectomy (weight loss) and others.
Minimally invasive surgeries have several advantages over conventional open surgeries; these advantages include shorter hospital stay, faster recovery time and reduced risk of infection due to lesser exposure of organs/tissue to outside world. The growing adoption of minimally invasive gynecology procedures is one of the major factors contributing towards market growth in this segment.
Regional Analysis:
North America dominated the global MISS market in 2017. The region is expected to maintain its position during the forecast period as well. This can be attributed to increasing R&D investments, technological advancements, and high healthcare expenditure in this region. In addition, growing number of minimally invasive surgeries are also contributing towards growth of this regional market. According to a study published by National Center for Health Statistics (NCHS), from 2014-2015 through 2016-2017 there was increase in number of hospital admissions due to MIS procedures across all age groups except neonates and infants (1 year & younger). Admissions related to MIS procedures were highest among adults aged 45-54 years followed by 55-64 years group which accounted for approximately 25% of total MIS procedure based admissions across U.
Asia Pacific is anticipated to witness fastest growth over the forecast period owing with developing economies such as India.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgical systems is expected to grow at a CAGR of 7.5% from 2016 to 2021. This growth can be attributed to the increasing demand for minimally invasive surgeries, which are less traumatic and cause less pain and scarring than traditional open surgery.
- Technological advancements: The development of new technologies such as 3D printing and robotics is expected to drive the growth of the market for minimally invasive surgical systems in the coming years. These technologies help surgeons perform complex procedures with greater accuracy and precision.
- Rising incidence of chronic diseases: The incidence of chronic diseases such as cancer, heart disease, and obesity is rising globally, leading to an increase in the number of surgeries performed each year. This is driving demand for advanced surgical systems that can help reduce trauma and improve patient outcomes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Minimally Invasive Surgical Systems Market Research Report
By Type
Surgical Robotic Systems, Conventional Minimally Invasive Surgical Systems
By Application
General Surgery, Interventional Cardiology, Gynecology Surgery, Orthopaedics Surgery, Urologic Surgery, Bariatric Surgery, Neurological Surgery, Others
By Companies
Intuitive Surgica, Mazor Robotics, Medrobotics, Auris Surgical Robotics, TransEnterix, Olympus, Hoya, Conmed, Stryker
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Minimally Invasive Surgical Systems Market Report Segments:
The global Minimally Invasive Surgical Systems market is segmented on the basis of:
Types
Surgical Robotic Systems, Conventional Minimally Invasive Surgical Systems
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
General Surgery, Interventional Cardiology, Gynecology Surgery, Orthopaedics Surgery, Urologic Surgery, Bariatric Surgery, Neurological Surgery, Others
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:
- Intuitive Surgica
- Mazor Robotics
- Medrobotics
- Auris Surgical Robotics
- TransEnterix
- Olympus
- Hoya
- Conmed
- Stryker
Highlights of The Minimally Invasive Surgical Systems 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:
- Surgical Robotic Systems
- Conventional Minimally Invasive Surgical Systems
- By Application:
- General Surgery
- Interventional Cardiology
- Gynecology Surgery
- Orthopaedics Surgery
- Urologic Surgery
- Bariatric Surgery
- Neurological Surgery
- Others
- 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 Surgical Systems 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?
Minimally invasive surgical systems are a type of surgery that uses smaller incisions and less pain than traditional surgeries. They may be used to treat conditions such as cancer, heart disease, and arthritis.
Some of the key players operating in the minimally invasive surgical systems market are Intuitive Surgica, Mazor Robotics, Medrobotics, Auris Surgical Robotics, TransEnterix, Olympus, Hoya, Conmed, Stryker.
The minimally invasive surgical systems 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 Surgical Systems 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 Surgical Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Minimally Invasive Surgical Systems 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 Surgical Systems 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 Surgical Systems Market Size & Forecast, 2020-2028
4.5.1 Minimally Invasive Surgical Systems Market Size and Y-o-Y Growth
4.5.2 Minimally Invasive Surgical Systems 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 Surgical Robotic Systems
5.2.2 Conventional Minimally Invasive Surgical Systems
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 General Surgery
6.2.2 Interventional Cardiology
6.2.3 Gynecology Surgery
6.2.4 Orthopaedics Surgery
6.2.5 Urologic Surgery
6.2.6 Bariatric Surgery
6.2.7 Neurological Surgery
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Minimally Invasive Surgical Systems 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 Surgical Systems 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 Surgical Robotic Systems
9.6.2 Conventional Minimally Invasive Surgical Systems
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 General Surgery
9.10.2 Interventional Cardiology
9.10.3 Gynecology Surgery
9.10.4 Orthopaedics Surgery
9.10.5 Urologic Surgery
9.10.6 Bariatric Surgery
9.10.7 Neurological Surgery
9.10.8 Others
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 Surgical Robotic Systems
10.6.2 Conventional Minimally Invasive Surgical Systems
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 General Surgery
10.10.2 Interventional Cardiology
10.10.3 Gynecology Surgery
10.10.4 Orthopaedics Surgery
10.10.5 Urologic Surgery
10.10.6 Bariatric Surgery
10.10.7 Neurological Surgery
10.10.8 Others
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 Surgical Robotic Systems
11.6.2 Conventional Minimally Invasive Surgical Systems
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 General Surgery
11.10.2 Interventional Cardiology
11.10.3 Gynecology Surgery
11.10.4 Orthopaedics Surgery
11.10.5 Urologic Surgery
11.10.6 Bariatric Surgery
11.10.7 Neurological Surgery
11.10.8 Others
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 Surgical Robotic Systems
12.6.2 Conventional Minimally Invasive Surgical Systems
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 General Surgery
12.10.2 Interventional Cardiology
12.10.3 Gynecology Surgery
12.10.4 Orthopaedics Surgery
12.10.5 Urologic Surgery
12.10.6 Bariatric Surgery
12.10.7 Neurological Surgery
12.10.8 Others
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 Surgical Robotic Systems
13.6.2 Conventional Minimally Invasive Surgical Systems
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 General Surgery
13.10.2 Interventional Cardiology
13.10.3 Gynecology Surgery
13.10.4 Orthopaedics Surgery
13.10.5 Urologic Surgery
13.10.6 Bariatric Surgery
13.10.7 Neurological Surgery
13.10.8 Others
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 Surgical Systems Market: Competitive Dashboard
14.2 Global Minimally Invasive Surgical Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intuitive Surgica
14.3.2 Mazor Robotics
14.3.3 Medrobotics
14.3.4 Auris Surgical Robotics
14.3.5 TransEnterix
14.3.6 Olympus
14.3.7 Hoya
14.3.8 Conmed
14.3.9 Stryker
