MINIMALLY INVASIVE SURGERY MARKET ANALYSIS

Minimally Invasive Surgery MarketSize and Trends

Global minimally invasive surgery market is estimated to be valued at US$ 72,554.0 million in 2023, exhibiting a CAGR of 11.0% during the forecast period (2023-2030).

Analysts’ Views on Global Minimally Invasive Surgery Market:

Usage of minimally invasive surgery for the treatment of major chronic diseases is expected to drive the global minimally invasive surgery market growth over the forecast period. For instance, in October 2021, according to data published by Mayo Foundation for Medical Education and Research, a nonprofit academic medical center that focuses on integrated health care, education, and research, stated that minimally invasive heart surgery can reduce aortic stenosis symptoms and improve quality of life.

Market Trends:

Increasing Prevalence of Orthopedic Diseases

Increasing prevalence of orthopedic diseases is expected to drive the global minimally invasive surgery market growth over the forecast period. For instance, in July 2022, according to World Health Organization (WHO), approximately 1.71 billion people have musculoskeletal conditions worldwide.

Figure 2. Global Minimally Invasive Surgery Market Value (US$ Million), By Region, 2023

Market Forecast:

Global minimally invasive surgery market report is segmented into device type, surgery, and region. Based on Device Type, the market is segmented into surgical devices (ablation devices, electrosurgical devices, and medical robotic systems), monitoring & visualization devices, and endoscopy devices). Out of which, the surgical devices segment is expected to hold a dominant position in the global minimally invasive surgery market during the forecast period, owing to increasing usage of endoscopy devices in minimally invasive surgery procedures. Based on Surgery, the market is segmented into orthopedic surgery, cosmetic surgery, breast surgery, vascular surgery, thoracic surgery, gynecological surgery, bariatric surgery, cardiac surgery, gastrointestinal surgery, and urological surgery. Out of which, the cardiac surgery segment is expected to hold a dominant position in the global minimally invasive surgery market during the forecast period , owing to increasing prevalence of cardiac disorders.