Minimally Invasive Surgical Systems Market Growth Study: Size, Share, Companies, and Trends Insights
MarkNtel Advisors analyses the growth rate of the Minimally Invasive Surgical Systems market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Minimally Invasive Surgical Systems market, helping them make informed decisions.
Market Outlook – 2023-2028:
The Global Minimally Invasive Surgical Systems Market is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2023-28. Due to faster recovery times, smaller incisions, less discomfort and scarring, better accuracy, and shorter hospital stays, minimally invasive surgical treatments are becoming more and more popular. In addition, medical displays enable greater visibility of diagnostic pictures by presenting even the smallest change in tissues and cells, resulting in precise and speedier procedures.
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Key Company Profiles
This report explores recent significant developments in the Minimally Invasive Surgical Systems Market, focusing on the leading companies and their innovative profiles. The major players in the Minimally Invasive Surgical Systems Market, featured in this report, include:
- Auris Health, Inc. (Johnson & Johnson)
- Boston Scientific Corporation
- Cook Medical
- Corindus Vascular Robotics Inc
- Intuitive Surgical Inc
- Medrobotics Corporation
- Medtech SA (Zimmer Biomet Holdings, Inc.)
- Mazor Robotics Ltd
- Olympus Corporation
- Reinshaw Plc
- Restoration Robotics Inc
- Smith & Nephew Plc
- Stereotaxis Inc
- Mako Surgical Corp (Stryker Corporation)
- Think Surgical Inc.
- TransEnterix, Inc.
- Richard Wolf GmbH
- Pentax Medical (Hoya Corporation)
- Fujifilm Holdings Corporation
- Siemens Healthcare GmbH
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Minimally Invasive Surgical Systems Market to forecast revenues and analyse trends across each of the following sub-markets:
- By Type
- Conventional MISS
- Endoscopes and Endoscopic Systems
- Rigid Endoscopes
- Laparoscopes
- Arthroscopes
- Urology Endoscopes
- Cystoscopes
- Resectoscopes
- Nephroscopes
- Other Urology Endoscopes
- Gynecology Endoscopes
- Neuroendoscopes
- ENT Endoscopes
- Other Rigid Endoscopes (GI)
- Flexible Endoscopes
- Gastrointestinal Endoscopes
- Gastroscopes
- Duodenoscopes
- Enteroscopes
- Sigmoidoscopes
- Colonoscopes
- Other GI Endoscopes
- Urology Endoscopes
- Gynecology Endoscopes
- Bronchoscopes
- Laryngoscopes
- Pharyngoscopes
- ENT Endoscopes
- Gastrointestinal Endoscopes
- Capsule Endoscopy
- Workstations and Data Recorders
- Capsules
- Others (Services and Patency System)
- Video and Visualization Systems
- Cameras
- Single-Chip Cameras
- 3-Chip Cameras
- Displays and Monitors
- Wireless
- Wired
- Video Convertors
- Video Recorders
- Standalone
- Inbuilt
- Video Processors
- Camera Heads
- CCD
- CMOS
- Light Sources
- LED
- XEON
- Laser
- Halogen
- Printers
- Cameras
- Instruments and Accessories
- Insufflators
- Endoscope Tip Protector, Tubing, Water Systems
- Procedure Kits
- Forceps
- Retrieval Kits
- Injection Needles
- Energy Devices
- Closure Devices
- Hand Instruments
- Access Devices
- Others
- Others
- Rigid Endoscopes
- Surgical Robotics
- Systems
- Instruments & Accessories
- Services
- By Application
- Urology Surgery
- Gynecology Surgery
- General Surgery
- Cardiovascular Surgery
- Orthopedic Surgery
- Head and Neck Surgery (Neurosurgery)
- Others (Biopsy, Hair, etc.)
- Endoscopes and Endoscopic Systems
- Conventional MISS
Among these, Orthopedic Surgery held the largest share in the Global Minimally Invasive Surgical Systems Market over the past few years.
- By End Users
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
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What are the primary factors driving the growth of the Global Minimally Invasive Surgical Systems Market?
Rising Prevalence of Chronic Diseases worldwide
The demand for MIS procedures is anticipated to rise due to the rising prevalence of chronic diseases. Unfortunately, chronic conditions, usually caused by a changing lifestyle, poor eating habits, and failure to maintain a healthy weight, are rarely curable and manageable.
A few longer-lasting chronic infections increase cancer risk, necessitating minimally invasive surgery with the growing awareness of such deadly diseases. Patients who undergo this type of surgery experience fewer complications, less post-operative pain, shorter hospital stays, quicker recovery times, fewer scars, and less immune system stress.
For instance, a report released by American Action Forum in September 2020 revealed that the prevalence and cost of chronic disease in the United States are increasing and will continue to rise as the disease’s prevalence among children and young adults grows. Further, chronic disease is a major healthcare problem in the United States, where its total annual expense is rising and now equals $3.7 trillion, or roughly 19.6 percent of the country’s GDP. Therefore, the MIS systems market is expanding as chronic illnesses become more common.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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