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Minimally Invasive Surgical Systems Market Size to Reach USD 41.16 Billion in 2028 | Emergen Research

October 21st, 2021 Emergen Research Releases

Increasing demand for hassle-free surgical procedures, technological advancements in healthcare sector, and growing global geriatric population are some key factors expected to drive market growth

According to Emergen Research, the global minimally invasive surgical systems market size was USD 21.98 Billion in 2020 and is expected to reach USD 41.16 Billion in 2028 and register a revenue CAGR of 8.1% during the forecast period, 2021-2028.

Market Dynamics:

Any surgical operation that is conducted through small incisions rather than a huge hole is referred to as minimally invasive surgery. The patient heals faster and has less discomfort due to smaller incisions, unlike in standard open surgery. In addition, minimally invasive surgical systems minimizes blood loss, has a lower rate of complications and shorter hospital stay. Along with these benefits, minimally invasive surgery is often the popular choice for patients facing operations such as general surgery, urogynecological surgery, colorectal surgery gynecological surgery, and bariatric surgery in multiple specialties. This has been boosting demand for minimally invasive surgical systems and is expected to drive market revenue growth during the forecast period.

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Rising demand for high precision, greater control, and enhanced vision during surgical procedures, rapid advancements in medical equipment and systems, growing prevalence of chronic diseases, and rising preference for minimally invasive surgeries are some other major factors expected to drive market growth over the forecast period. Minimally invasive surgeries have numerous benefits such as lesser post-operative pain, fewer complications, less stress on the immune system, and drastic reduction in operating time. In addition, minimally invasive surgical systems ensure highly precise surgery, reduced infection risks and blood loss, lesser scarring and better cosmetic results, and enhanced clinical outcomes and these have further contributed to revenue growth over the recent past and are expected to continue to do so going ahead. However, unavailability of high-end medical equipment, lack of specialized training, and high costs associated with minimally invasive surgeries due to expensive medical equipment are some factors expected to restrain market growth to a certain extent over the forecast period.

COVID-19 Impact Analysis  

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants continue to cause concerns and impact normal routines

Handheld Devices Segment Revenue to Expand at a Rapid CAGR:

Handheld devices segment is expected to register a rapid revenue CAGR over the forecast period attributed to rising application of handled devices due to their numerous advantages in surgical procedures and technological innovations in handheld equipment. Handheld devices provide for easier access during surgery, lowering the risk of mishaps and improve the speed of service.

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Cardiovascular Surgery Segment to Register Significant Revenue Growth:

Cardiovascular surgery segment is expected to register significant revenue growth over the forecast period attributed to rising cases of cardiovascular diseases globally. In 2018, around 12 percent of the U.S. adult population were diagnosed with cardiovascular disease. In cardiovascular surgery, minimally invasive surgical techniques offer the advantages of smaller surgical cuts and scars, lower infection risk, less pain, and fewer functional constraints. Patients having standard cardiac operations, for example, are not allowed to drive or lift heavy, whereas minimally invasive surgeries have no such restrictions.

North America to Account for Largest Revenue Share:

North America is expected to account for largest revenue share in the global market over the forecast period due to rising adoption of advanced robotics in ambulatory surgery centers (ASCs), ongoing technological developments in healthcare industry, and growing awareness regarding advantages of minimally invasive surgical systems over open surgical techniques. Further, presence of key players in the region, increasing investment in R&D, and rising healthcare expenditure are some factors expected to further contribute to market growth in the region.

Major Companies in the Market Include:

  • Stryker Corporation
  • Abbott Laboratories
  • Medtronic PLC
  • Boston Scientific Corporation
  • Johnson & Johnson
  • OmniGuide Holdings Inc.
  • Braun Melsungen AG
  • Becton
  • Dickinson and Company
  • CONMED Corporation
  • Hoya Corporation

For the purpose of this report, Emergen Research has segmented the global minimally invasive surgical systems market on the basis of device type, surgery type, end-use, and region:

Device Type Outlook (Revenue, USD Billion; 2018–2028)

  • Handheld Devices
  • Cutter Devices
  • Inflation Devices
  • Electrosurgical Devices
  • Monitoring and Visual Devices
  • Guiding Devices
  • Auxiliary Devices

Surgery Type Outlook (Revenue, USD Billion; 2018–2028)

  • Gastrointestinal Surgery
  • Cardiovascular Surgery
  • Orthopedic Surgery
  • Urological Surgery
  • Cosmetic Surgery
  • Neurological Surgery
  • Others

 End-Use Outlook (Revenue, USD Billion; 2018–2028)

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers

Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends:   https://www.emergenresearch.com/industry-report/minimally-invasive-surgical-systems-market

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • K.
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • A.E.
    • South Africa
    • Turkey
    • Rest of MEA

Take a Look at our Related Reports:

Spinal Implants and Surgery Devices Market By Product Type, By Technology, By Surgery Type, By End-User, Forecasts to 2027

eHealth Market By Product and Services (eHealth Solutions, Medical Apps, Laboratory Information Systems, eHealth Services), By End User (Pharmacies, Healthcare Payers, Healthcare Consumers, Healthcare Providers, Others), and By Region, Forecasts to 2027

Veterinary Vaccines Market By Type (Poultry, Swine, Aquaculture, Cattle, Cat, Dog), By Administration Path (Oral, Injection, Spray/Immersion), By Technology (Inactivated, Live Attenuated, Recombinant, Toxoid), By Infection (Fungal, Bacterial, Parasitic, Viral), and By Region, Forecasts to 2027

Next Generation Implants (NGI) Market By Application (Orthopedic Implants, Cardiovascular Implants, Ocular Implants, Dental Implants, Others), By Material (Metals and Metal Alloys, Ceramics, Polymers, Biologics, Others), By End-Use (Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics, Academic and Research Institutes), By Region

Blood Pressure Monitoring Devices Market By Product Type (Sphygmomanometer, Digital Blood Pressure Monitor, Ambulatory Blood Pressure Monitor, Instruments & Accessories, Transducers) By Technology (Air Pressure-based, Sensor-based), By End-Use (Hospitals and Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Homecare Settings, Others), and By Region

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

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Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

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