Market Overview:
The global minimally invasive medical devices 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, technological advancements in surgical instruments, and rising prevalence of chronic diseases. Based on type, the handheld instruments segment is expected to account for the largest share of the global minimally invasive medical devices market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. Based on application, cardiothoracic surgery is expected to account for the largest share of the global minimally invasive medical devices market in 2018.
Product Definition:
Minimally invasive medical devices are those that enter the body through a small opening. These devices can include everything from laparoscopic surgical tools to endoscopes. The importance of minimally invasive medical devices is twofold: first, they often cause less trauma and pain than traditional surgery; and second, they often allow for more accurate diagnosis and treatment of internal conditions.
Handheld Instruments:
Handheld instruments are medical devices that are portable and designed to perform a specific task. They can be used by one individual or in collaboration with other tools. Handheld instruments market is witnessing growth due to the development of innovative products, increasing demand for point-of-care testing (POCT), rising prevalence of chronic diseases, and growing geriatric population base.
Guiding Devices:
Guiding devices are used in minimally invasive medical devices to provide a means for navigation and positioning. They are also used as an input mechanism for the delivery of radiotherapy, chemotherapy or other therapies. Guiding systems include optical, electromagnetic and ultrasonic technologies that help in real-time tracking of surgical tools during complex surgeries such as neurosurgery or cardiovascular procedures.
The global minimally invasive medical device market size was valued at USD 25 billion in 2014.
Application Insights:
The cardiothoracic surgery segment dominated the global market in 2017. Minimally invasive techniques help reduce the risk of blood loss, infection and pain after surgery. This procedure requires a heart-lung machine to keep the patient's heart pumping during surgical procedures. The demand for these devices is expected to increase due to rising cases of cardiac arrest and other cardiovascular diseases across the globe.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to increasing government initiatives, rising prevalence of chronic diseases, and high adoption rate of advanced surgical procedures. For instance, the National Cancer Institute (NCI) has developed a national program that provides free minimally invasive cancer care services to patients from low-income countries at NCI’s community clinics in the U.S.
The Asia Pacific region comprises developing economies such as India China Japan Australia South Korea Indonesia Thailand Philippines Vietnam etc., which are also among fastest-growing economies globally In addition, these nations have large patient pools who require cost effective & efficient treatment options Invasive surgeries are on rise due to various factors such as aging population increase incidence of chronic disorders like diabetes heart failure obesity etc.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive medical devices 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 has led to the introduction of innovative products in the market, such as surgical robots and 3D-printed medical implants. This is driving the growth of the market for minimally invasive medical devices.
- Rising incidence of chronic diseases: The prevalence of chronic diseases such as cancer, heart disease, and diabetes is increasing globally, leading to an increase in the number of surgical procedures performed each year. This is fueling demand for minimally invasive medical devices worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Minimally Invasive Medical Devices Market Research Report
By Type
Handheld Instruments, Guiding Devices, Inflation Systems
By Application
Cardiothoracic Surgery, Orthopedic Surgery, Gastrointestinal Surgery, Gynecology, Others
By Companies
Boston Scientific, Clarus Medical, Karl Storz, Mako Surgical, Pentax Medical, Olympus Surgical, Convergent Laser, Hitachi Medical, Lumenis, Photomedex, Surgical Innovations, Smith & Nephew, Integrated Endoscopy, Vision Sciences, Ethicon Endo-Surgery, Cooper Surgical, Teleflex, Medtronic, Richard Wolf, Curexo Technology, Intuitive Surgical, Hansen Medical, Aesculap, Stryker Corporation, ConMed Corporation, Abbott Laboratories, Applied Biomedical Resources Corporation, Microline Surgical, Zimmer Biomet
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Minimally Invasive Medical Devices Market Report Segments:
The global Minimally Invasive Medical Devices market is segmented on the basis of:
Types
Handheld Instruments, Guiding Devices, Inflation 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
Cardiothoracic Surgery, Orthopedic Surgery, Gastrointestinal Surgery, Gynecology, 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:
- Boston Scientific
- Clarus Medical
- Karl Storz
- Mako Surgical
- Pentax Medical
- Olympus Surgical
- Convergent Laser
- Hitachi Medical
- Lumenis
- Photomedex
- Surgical Innovations
- Smith & Nephew
- Integrated Endoscopy
- Vision Sciences
- Ethicon Endo-Surgery
- Cooper Surgical
- Teleflex
- Medtronic
- Richard Wolf
- Curexo Technology
- Intuitive Surgical
- Hansen Medical
- Aesculap
- Stryker Corporation
- ConMed Corporation
- Abbott Laboratories
- Applied Biomedical Resources Corporation
- Microline Surgical
- Zimmer Biomet
Highlights of The Minimally Invasive Medical Devices 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:
- Handheld Instruments
- Guiding Devices
- Inflation Systems
- By Application:
- Cardiothoracic Surgery
- Orthopedic Surgery
- Gastrointestinal Surgery
- Gynecology
- 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 Medical Devices 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 medical devices are those that use less intrusive techniques than traditional surgery to treat patients. This includes devices such as catheters, stents, and balloons.
Some of the major players in the minimally invasive medical devices market are Boston Scientific, Clarus Medical, Karl Storz, Mako Surgical, Pentax Medical, Olympus Surgical, Convergent Laser, Hitachi Medical, Lumenis, Photomedex, Surgical Innovations, Smith & Nephew, Integrated Endoscopy, Vision Sciences, Ethicon Endo-Surgery, Cooper Surgical, Teleflex, Medtronic, Richard Wolf, Curexo Technology, Intuitive Surgical, Hansen Medical, Aesculap, Stryker Corporation, ConMed Corporation, Abbott Laboratories, Applied Biomedical Resources Corporation, Microline Surgical, Zimmer Biomet.
The minimally invasive medical devices market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Minimally Invasive Medical Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Minimally Invasive Medical Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Minimally Invasive Medical Devices Market - Supply Chain
4.5. Global Minimally Invasive Medical Devices Market Forecast
4.5.1. Minimally Invasive Medical Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Minimally Invasive Medical Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Minimally Invasive Medical Devices Market Absolute $ Opportunity
5. Global Minimally Invasive Medical Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Minimally Invasive Medical Devices Market Size and Volume Forecast by Type
5.3.1. Handheld Instruments
5.3.2. Guiding Devices
5.3.3. Inflation Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Minimally Invasive Medical Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Minimally Invasive Medical Devices Market Size and Volume Forecast by Application
6.3.1. Cardiothoracic Surgery
6.3.2. Orthopedic Surgery
6.3.3. Gastrointestinal Surgery
6.3.4. Gynecology
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Minimally Invasive Medical Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Minimally Invasive Medical Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Minimally Invasive Medical Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Minimally Invasive Medical Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Minimally Invasive Medical Devices Demand Share Forecast, 2019-2026
9. North America Minimally Invasive Medical Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Minimally Invasive Medical Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Minimally Invasive Medical Devices Market Size and Volume Forecast by Application
9.4.1. Cardiothoracic Surgery
9.4.2. Orthopedic Surgery
9.4.3. Gastrointestinal Surgery
9.4.4. Gynecology
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Minimally Invasive Medical Devices Market Size and Volume Forecast by Type
9.7.1. Handheld Instruments
9.7.2. Guiding Devices
9.7.3. Inflation Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Minimally Invasive Medical Devices Demand Share Forecast, 2019-2026
10. Latin America Minimally Invasive Medical Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Minimally Invasive Medical Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Minimally Invasive Medical Devices Market Size and Volume Forecast by Application
10.4.1. Cardiothoracic Surgery
10.4.2. Orthopedic Surgery
10.4.3. Gastrointestinal Surgery
10.4.4. Gynecology
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Minimally Invasive Medical Devices Market Size and Volume Forecast by Type
10.7.1. Handheld Instruments
10.7.2. Guiding Devices
10.7.3. Inflation Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Minimally Invasive Medical Devices Demand Share Forecast, 2019-2026
11. Europe Minimally Invasive Medical Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Minimally Invasive Medical Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Minimally Invasive Medical Devices Market Size and Volume Forecast by Application
11.4.1. Cardiothoracic Surgery
11.4.2. Orthopedic Surgery
11.4.3. Gastrointestinal Surgery
11.4.4. Gynecology
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Minimally Invasive Medical Devices Market Size and Volume Forecast by Type
11.7.1. Handheld Instruments
11.7.2. Guiding Devices
11.7.3. Inflation Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Minimally Invasive Medical Devices Demand Share, 2019-2026
12. Asia Pacific Minimally Invasive Medical Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Minimally Invasive Medical Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Minimally Invasive Medical Devices Market Size and Volume Forecast by Application
12.4.1. Cardiothoracic Surgery
12.4.2. Orthopedic Surgery
12.4.3. Gastrointestinal Surgery
12.4.4. Gynecology
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Minimally Invasive Medical Devices Market Size and Volume Forecast by Type
12.7.1. Handheld Instruments
12.7.2. Guiding Devices
12.7.3. Inflation Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Minimally Invasive Medical Devices Demand Share, 2019-2026
13. Middle East & Africa Minimally Invasive Medical Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Minimally Invasive Medical Devices Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Minimally Invasive Medical Devices Market Size and Volume Forecast by Application
13.4.1. Cardiothoracic Surgery
13.4.2. Orthopedic Surgery
13.4.3. Gastrointestinal Surgery
13.4.4. Gynecology
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Minimally Invasive Medical Devices Market Size and Volume Forecast by Type
13.7.1. Handheld Instruments
13.7.2. Guiding Devices
13.7.3. Inflation Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Minimally Invasive Medical Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Minimally Invasive Medical Devices Market: Market Share Analysis
14.2. Minimally Invasive Medical Devices Distributors and Customers
14.3. Minimally Invasive Medical Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Boston Scientific
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Clarus Medical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Karl Storz
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mako Surgical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Pentax Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Olympus Surgical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Convergent Laser
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lumenis
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Photomedex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Surgical Innovations
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Smith & Nephew
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Integrated Endoscopy
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Vision Sciences
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ethicon Endo-Surgery
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Cooper Surgical
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Teleflex
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Medtronic
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Richard Wolf
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Curexo Technology
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
