Global Minimally Invasive Surgery Market to be Driven by the Growing Surgical Robots Industry in the Forecast Period of 2021–2026
By: Sofia Williams
Tags: Market Forecast Analysis, Minimally Invasivesurgery, Market Research Reports, Market

Global Minimally Invasive Surgery Market to be Driven by the Growing Surgical Robots Industry in the Forecast Period of 2021–2026 Sofia Williams Dec 21, 2021·4 min read

The new report by Expert Market Research titled, ‘Global Minimally Invasive Surgery Market Report and Forecast 2021–2026’, gives an in-depth analysis of the global minimally invasive surgery market, assessing the market based on its segments like product type, application, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Global Minimally Invasive Surgery Market

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The key highlights of the report include:

Market Overview (2016–2026)

Historical Market Size (2020): USD 39 Billion

Forecast CAGR (2021–2026): 7.8%

Forecast Market Size (2026): USD 61.2 Billion

Minimally invasive surgical procedures are considerably less expensive than in-patient and traditional open operations with comparable results, resulting in substantial benefit for both the patient and the insurance company. On the other hand, minimlly invasive surgeries are performed using minimally invasive laparoscopic cameras and advanced small instruments. Moreover, after minimally invasive surgeries, the healing process is less painful, and patients recover quicker. Surgical robots have revolutionised the field of minimally invasive surgeries, and surgeons are increasingly accepting them, which is a major factor that will drive the growth of the market over the forecast period. The market growth is driven by the increasing adoption of advanced robotics in ASCs, increasing number of surgical procedures, and the advantages of MIS over open surgical techniques.

Industry Definition and Major Segments

Minimally invasive procedures (also referred to as minimally invasive surgeries) are surgical techniques that reduce the size of incisions required, thus reducing wound healing time, discomfort, and infection risk.

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On the basis of product type, the industry is divided into:

Surgical Devices

Laparoscopy Devices

Monitoring and Visualisation Devices

On the basis of application, the industry can be segmented into:

Bariatric Surgery

Breast Surgery

Cardiac Surgery

Cosmetic Surgery

Gastrointestinal Surgery

Gynaecological Surgery

Orthopaedics and Spine Surgery

Thoracic Surgery

Others

Based on end use, the market is classified into:

Hospitals

Clinics

Others

Regionally, the market can be broken down into:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Market Trends

The world’s rapidly growing geriatric population and the rising prevalence of chronic diseases such as cancer, cardiovascular disease, and kidney disease are propelling the industry forward. Rising technological innovations in handheld instruments, an increase in the number of coronary and percutaneous cardiology interventions, an increase in healthcare spending, an increase in the launch of innovative products, and the development of a teleoperated surgical operated system are contributing to the market’s growth. The expansion of this market is being driven by the increased number of minimally invasive surgical procedures performed in hospitals due to the presence of highly skilled healthcare professionals. The market is being fuelled by an increase in the number of approvals and distribution agreements for robotic surgery systems in hospitals and clinics.

Key Market Players

The major players in the market are Zimmer Biomet, Medtronic, Stryker, Arthrex Inc., B. Braun Melsungen AG, Cook Group, and Eximis Surgical LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.