The Minimally Invasive Surgical (MIS) Devices Market was valued at USD 28,873.25 million in 2021 and growing at a CAGR of 7.38% during the forecast period (2022 to 2027); it is expected to reach USD 42,499 million by 2027. The Minimally Invasive Surgical Devices Market is estimated to grow owing to the rising prevalence of various cancers, cardiovascular diseases, and neurodegenerative diseases, among others. The growth in the aging population, the technological advancements in product development, and the new product launches in the segment will also propel the market. The leading MedTech giants actively working in the market include Abbott, Olympus, Intuitive Surgical Inc, Stryker, JOHNSON & JOHNSON MEDICAL DEVICES COMPANIES, Medtronic, Boston Scientific Corporation, CONMED Corporation, KARL STORZ GmbH, CooperSurgical, Inc., Cook, AngioDynamics, FUJIFILM Corporation, Symmetry Surgical Inc, B. Braun Melsungen AG, BD, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Zimmer Biomet, Richard Wolf GmbH, Microport Scientific Corporation others.
DelveInsight’s “Minimally Invasive Surgical (MIS) Devices Market” research report provides the current and forecasted Minimally Invasive Surgical Devices Market size, share, and trends analysis for the next five years, upcoming innovations in the segment, and major market drivers & barriers. The report also covers the key competitors and emerging devices in the domain.
Global Minimally Invasive Surgical (MIS) Devices: Overview
Minimally Invasive Surgical Devices are instruments designed to be compatible with devices used in minimally invasive surgery. Minimally invasive surgery has become a standard of care surgical procedure for many indications.
DelveInsights report provides an in-depth assessment of the market based on the segmentation by device type (Electrosurgical Devices, Endoscopes [Laparoscopes, Neuroendoscopy Systems, and Others], Inflation Devices, Handheld Instruments, Surgical Robotic Systems, and others), by application (Cosmetic, Orthopedic, Neurological, Gynecological, Cardiovascular, and others), by end-user (Hospitals, Ambulatory Surgical Centers, and Others), and by geography (North America, Europe, Asia-Pacific, and Rest of the World)
As per DelveInsight, the in the device type segment of the MIS devices market, the surgical robotic systems are estimated to account for the significant revenue share in the coming years. The higher growth in surgical robotic systems is due to the advantages offered by these devices in carrying out minimally invasive surgery. Surgical robots offer accuracy, stability, integration with modern imaging technology, a greater range of motion, telesurgery, and multiple other benefits.
Minimally Invasive Surgical (MIS) Devices Market Analysis
As per DelveInsight, the surge in cancer incidence globally is one of the key aspects driving the Minimally Invasive Surgical Devices Market growth.
In 2020, globally, about 19.3 million new cancer cases (18.1 million excluding non-melanoma skin cancer) and approximately 10.0 million cancer deaths were reported. Cancer is a crippling illness requiring considerable medical care to eradicate malignant cells. Surgery is frequently a suggested course of treatment, with minimally invasive techniques like single-incision laparoscopic surgery, endoscopic endonasal surgery, and minimally invasive thyroidectomy being some examples. These techniques use various devices designed specifically to carry out the procedure with the least amount of disruption to the body. The growth in cancer prevalence is expected to drive the demand for surgical intervention that uses Minimally Invasive Surgical Devices. The growth and development of surgical robotic systems and their rising popularity will also stimulate the market. However, higher costs associated with the equipment used in MIS surgery and the lack of skilled surgeons may hamper the MIS devices market growth.
The MIS devices market was negatively impacted by the precautionary measures taken by health agencies and governments worldwide to curb the spread of the COVID-19 infection. The medical specialties witnessed a reduction in patient load. With the suspension of many elective procedures, numerous MIS surgeries were also postponed during the COVID-19 pandemic. However, as the situation is improving with higher vaccination, slower transmission rate, and a significant reduction in the Covid-19 related casualties, the Minimally Invasive Surgical devices market is expected to get back on track with higher demand. However, higher costs associated with the equipment used in MIS surgery and the lack of skilled surgeons may hamper the Minimally Invasive Surgical devices market growth.
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Minimally Invasive Surgical (MIS) Devices – Global Market Assessment and Forecast
Among all the regions, North America is anticipated to hold a dominant position in the MIS devices market. One of the key supporting factors for the growth of the Minimally Invasive Surgical Devices market in North America is the increasing incidence of traumatic brain injury (TBI) and cancer cases in the United States. Rising government initiatives regarding disease treatment and awareness, the growing prevalence of degenerative bone disorders, and new product approvals will significantly drive market growth in the coming years. Moreover, a higher disposable income, sophisticated healthcare infrastructure, and higher awareness among the general public are also expected to propel the demand for Minimally Invasive Surgical Devices.
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Minimally Invasive Surgical (MIS) Devices Market – Key Developments and Breakthroughs
Over the years, the Minimally Invasive Surgical Devices Market has evolved significantly owing to the active participation of global MedTech companies and technological advancements in the domain.
- In November 2021, Brain Navi Biotechnology, a Taiwan-based company, received the CE (Conformité Européenne) Mark for their NaoTrac, a robotic-assisted surgical robot.
- In October 2021, Medtronic received the CE (Conformité Européenne) Mark for their Hugo™ robotic-assisted surgery (RAS) system, thereby enabling Medtronic to access the European market for this device. The device received approval for gynecologic and urological procedures.
As per DelveInsight, the ongoing clinical & commercial development activities and research in the domain will contribute immensely to the Minimally Invasive Surgical Devices Market in the coming years.
Key Companies In the Minimally Invasive Surgical (MIS) Devices Market
Globally, some of the prominent players in the Minimally Invasive Surgical Devices Market include Abbott, Olympus, Intuitive Surgical Inc, Stryker, JOHNSON & JOHNSON MEDICAL DEVICES COMPANIES, Medtronic, Boston Scientific Corporation, CONMED Corporation, KARL STORZ GmbH, CooperSurgical, Inc., Cook, AngioDynamics, FUJIFILM Corporation, Symmetry Surgical Inc, B. Braun Melsungen AG, BD, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Zimmer Biomet, Richard Wolf GmbH, Microport Scientific Corporation others.
As per DelveInsight, due to the very high growth rate and positive return, several new players are expected to enter the Minimally Invasive Surgical Devices Market in the coming years. The entry of new players and the launch of emerging products will immensely drive market growth.
Learn how new players’ entries will transform the market dynamics in the coming years at Minimally Invasive Surgical (MIS) Devices’ Competitive Landscape
Scope of the Minimally Invasive Surgical (MIS) Devices Market Report:
- Study Period – 2019-2027
- Geography Covered – Global (North America, Europe, Asia-Pacific, and Rest of the World)
- Minimally Invasive Surgical Devices Market Segmentation
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- By Device Type – Electrosurgical Devices, Endoscopes [Laparoscopes, Neuroendoscopy Systems, and Others], Inflation Devices, Handheld Instruments, Surgical Robotic Systems, and Others),
- By Application – Cosmetic, Orthopedic, Neurological, Gynecological, Cardiovascular, and Others),
- By End User – Hospitals, Ambulatory Surgical Centers, and Others and by Geography
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- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Table of Content
| 1 | Report Introduction |
| 2 | Executive summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Minimally Invasive Surgical Devices Market Key factors analysis |
| 5 | Minimally Invasive Surgical Devices Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Minimally Invasive Surgical Devices Market |
| 7 | Minimally Invasive Surgical Devices Market Layout |
| 8 | Minimally Invasive Surgical Devices Global Company Share Analysis – Key 3-5 Companies |
| 9 | Minimally Invasive Surgical Devices Product Profiles and Key Companies |
| 10 | Project Approach |
| 11 | KOL Views |
| 12 | DelveInsight Capabilities |
| 13 | Disclaimer |
| 14 | About DelveInsight |
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Key Takeaways From the Minimally Invasive Surgical (MIS) Devices Market Report Study
- In-depth analysis of the Minimally Invasive Surgical Devices Market size, share, and key trends.
- Comprehensive analysis of current Minimally Invasive Surgical Devices Market size (2020) and market forecast for 5 years (2022-2027)
- The effect of the COVID-19 pandemic on the Minimally Invasive Surgical Devices Market is significant. To capture and analyze suitable indicators, our experts are closely watching the Minimally Invasive Surgical Devices Market.
- Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened over the last three years
- Key companies dominating the Global Minimally Invasive Surgical Devices Market.
- Various opportunities are available for the other competitors in the Minimally Invasive Surgical Devices Market space.
- What are the top-performing segments in 2020? How these segments will perform in 2027?
- Which are the top-performing regions and countries in the current Minimally Invasive Surgical Devices Market scenario?
- Which are the regions and countries where companies should have concentrated on opportunities for Minimally Invasive Surgical Devices Market growth in the coming future?
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