Market Insights and Analysis: Global Minimally Invasive Surgery Market Overview and Projections (2024-2030)
The Global Minimally Invasive Surgery Market size is estimated to grow at a CAGR of around 17.8% during the forecast period, i.e., 2024-30. An increase in chronic and lifestyle-related diseases and a growing preference for less invasive medical procedures are some of the factors influencing the market development.
Top leading companies in the Global Minimally Invasive Surgery Market includes:
Medtronics Plc, Abbott Laboratories, Becton, Dickinson, and Company, Stryker Corporation, Johnson & Johnson, Smith & Nephew, Siemens Healthineers, Philips Healthcare, CooperSurgical Inc., Fujifilm Corporation, GE Healthcare, Boston Scientific, Cook Medical, Zimmer Biomet Holdings, Karl Storz, among others.
Global Minimally Invasive Surgery Market Challenge:
High Initial Investment Costs Impacting the Minimally Invasive Surgery Market – High initial investment costs pose a significant challenge to the growth of the Global Minimally Invasive Surgical Devices Market. The adoption & implementation of advanced technologies, such as robotic surgical systems like the Da Vinci Surgical System, sophisticated imaging equipment, and specialized instruments, require substantial upfront expenses.
Robotic systems not only have high acquisition costs but also incur ongoing expenses related to maintenance, software updates, and training, with annual maintenance alone costing around USD 125,000. Hence, these financial burdens are particularly daunting for smaller hospitals & clinics, potentially hindering the frequency and availability of minimally invasive surgeries in certain regions. Moreover, the general trend of budget cuts across healthcare facilities, especially noted in European countries, necessitates stringent cost-containment measures, further complicating the financial feasibility of adopting these advanced surgical techniques, thus limiting the Minimally Invasive Surgery Market growth.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Product
-Surgical Devices- Market Size & Forecast 2019-2030F, USD Million
-Handheld Instruments- Market Size & Forecast 2019-2030F, USD Million
-Tubular Retractor- Market Size & Forecast 2019-2030F, USD Million
-Dilator- Market Size & Forecast 2019-2030F, USD Million
-Suturing Instruments- Market Size & Forecast 2019-2030F, USD Million
-Probes- Market Size & Forecast 2019-2030F, USD Million
-Laser Fiber Devices- Market Size & Forecast 2019-2030F, USD Million
-Guiding Devices- Market Size & Forecast 2019-2030F, USD Million
-Guiding Catheters- Market Size & Forecast 2019-2030F, USD Million
-Guidewires- Market Size & Forecast 2019-2030F, USD Million
-Inflation Systems- Market Size & Forecast 2019-2030F, USD Million
-Balloon Catheters- Market Size & Forecast 2019-2030F, USD Million
-Balloon Inflation Systems- Market Size & Forecast 2019-2030F, USD Million
-Laparoscopic Devices- Market Size & Forecast 2019-2030F, USD Million
-Laparoscope- Market Size & Forecast 2019-2030F, USD Million
-Trocar & Cannula- Market Size & Forecast 2019-2030F, USD Million
-RASP (Robotic Assisted Simple Prostatectomy)- Market Size & Forecast 2019-2030F, USD Million
-Graspers & Dissectors- Market Size & Forecast 2019-2030F, USD Million
Imaging & Visualizing Systems- Market Size & Forecast 2019-2030F, USD Million
-Ultrasound- Market Size & Forecast 2019-2030F, USD Million
-CT Imaging- Market Size & Forecast 2019-2030F, USD Million
-MRI Imaging- Market Size & Forecast 2019-2030F, USD Million
-X-Ray Imaging- Market Size & Forecast 2019-2030F, USD Million
-Visualization Systems- Market Size & Forecast 2019-2030F, USD Million
-Electrosurgical Devices- Market Size & Forecast 2019-2030F, USD Million
-Electrosurgical Generators & Accessories- Market Size & Forecast 2019-2030F, USD Million
-Electrocautery Devices- Market Size & Forecast 2019-2030F, USD Million
-Endoscopy Devices- Market Size & Forecast 2019-2030F, USD Million
-Rigid Endoscopes- Market Size & Forecast 2019-2030F, USD Million
-Flexible Endoscopes- Market Size & Forecast 2019-2030F, USD Million
-Diagnostic Endoscopes- Market Size & Forecast 2019-2030F, USD Million
-Medical Robots- Market Size & Forecast 2019-2030F, USD Million
-Robotic Systems- Market Size & Forecast 2019-2030F, USD Million
-Robotic Instruments- Market Size & Forecast 2019-2030F, USD Million
-Robotic Softwares & Services- Market Size & Forecast 2019-2030F, USD Million
By Application
-Cardio-Thoracic Surgery- Market Size & Forecast 2019-2030F, USD Million
-Vascular Surgery- Market Size & Forecast 2019-2030F, USD Million
-Neurological Surgery- Market Size & Forecast 2019-2030F, USD Million
-ENT & Respiratory Surgery- Market Size & Forecast 2019-2030F, USD Million
-Cosmetic Surgery- Market Size & Forecast 2019-2030F, USD Million
-Gastrointestinal & Abdominal Surgery- Market Size & Forecast 2019-2030F, USD Million
-Urological Surgery- Market Size & Forecast 2019-2030F, USD Million
-Orthopedic Surgery- Market Size & Forecast 2019-2030F, USD Million
-Oncology Surgery- Market Size & Forecast 2019-2030F, USD Million
-Dental Surgery- Market Size & Forecast 2019-2030F, USD Million
-Others- Market Size & Forecast 2019-2030F, USD Million
By End User
-Hospitals & Clinics- Market Size & Forecast 2019-2030F, USD Million
-Ambulatory Surgical Centers- Market Size & Forecast 2019-2030F, USD Million
-Orthopedic, Emergency, and Trauma Centers- Market Size & Forecast 2019-2030F, USD Million
-Others- Market Size & Forecast 2019-2030F, USD Million.
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Global Minimally Invasive Surgery Market Geographic Reach:
The Geographic Reach of the Global Minimally Invasive Surgery Market evaluates the spread and significance of Global Minimally Invasive Surgery market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: The US, Canada, Mexico
· South America: Brazil, Rest of South America
· Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
· Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
· Middle East & Africa: GCC, South Africa, Rest of Middle East & Africa.
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