Minimally Invasive Surgery Market Demand, Trends and Business Opportunities 2022-2027

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Author: Elena Anderson, Marketing Manager |

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Global Minimally Invasive Surgery Market Research Report:

The latest report by IMARC, titled “ Minimally Invasive Surgery Market: Global Industry Trends, Share, Size, Growth, Opportunity and For ecast 2022-2027

” the global minimally invasive surgery market size reached US$ 46.2 Billion in 2021. A minimally invasive surgery refers to a procedure that limits the size and the number of cuts and incisions required during surgery. It utilizes small tools, cameras and lights that are introduced in the body through tiny incisions. Unlike traditional invasive surgery, this procedure aims to minimize the damage to human tissues and is associated with enhanced precision, minimal blood loss, fewer complications, quicker recovery, and shorter hospital stay. As a result, MI surgeries are gaining widespread prominence across the globe for the treatment of diverse health conditions, including spinal, orthopedic, gastrointestinal, cardiothoracic, cardiovascular and neurological disorders.

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Global Minimally Invasive Surgery Market Trends :

The global market is primarily driven by an increase in the prevalence of chronic and lifestyle diseases, such as cancer and obesity, owing to a lack of physical activities and shifting dietary preferences. This, along with the growing health consciousness among the masses, has led to a rise in the adoption rates of numerous weight loss surgical procedures, such as bariatric surgery and gastric banding, which employ MI techniques. Moreover, a significant increase in the geriatric population has led to an increase in the prevalence of cardiac and orthopedic complications, which, in turn, is bolstering the demand for MI procedures. Furthermore, manufacturers are continually engaging in research and development (R&D) for introducing technological advancements in the field of surgery. For instance, the advent of robotic technology-enabled MI surgeries has resulted in higher success rates with enhanced precision. Similarly, advanced surgical systems like the da Vinci surgical system offer improved outcomes with the utilization of a 3D (three dimensional) high-definition view of the surgical area, thereby creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 70.7 Billion by 2027, expanding at a CAGR of 7.39% during 2022-2027.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

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Market Summary:

Breakup by Product Type:

• Surgical Devices

• Laparoscopy Devices

• Monitoring and Visualization Devices

Breakup by Application:

• Bariatric Surgery

• Breast Surgery

• Cardiac Surgery

• Cosmetic Surgery

• Gastrointestinal Surgery

• Gynaecological Surgery

• Orthopedics and Spine Surgery

• Thoracic Surgery

• Others

Breakup by End-User:

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• Hospitals

• Clinics

• Others

Breakup by Region:

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• Latin America

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Competitive Landscape with Key Players:

Medtronic Inc.

GE Healthcare

Intuitive

Eximis Surgical

Stryker Corporation

Arthrex

B. Braun

Bauer Medical

Check-Cap

Cook Medical

OmniGuide Inc.

Orthofix Holdings,Inc

Pentax

Philips Healthcare

RF System

Smith & Nephew

TransEnterix

• Virtual Ports

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