The global minimally invasive surgery market size is estimated to be USD 21.2 billion in 2021 and is expected to witness a CAGR of 8.98% during the forecast period. Benefits of minimally invasive surgeries over traditional open surgeries is a key driver for the growth of the global minimally invasive surgery market. Additionally, increase in number of surgeries, growing incidence of road accidents, and rising incidence of target diseases such as diphtheria & poliomyelitis are some other drivers propelling the market growth. Nevertheless, presence of an ambiguous regulatory framework in the global medical device industry and limited repayment for surgical products are expected to restrain the global market growth.
Global Minimally Invasive Surgery Market Size (USD Billion), 2021-2029
Source: Erevna Healthcare
By Product
Based on product, the market is segmented into inflation devices, handheld instruments, cutting instruments, guiding devices, electrosurgical & electrocautery instruments, surgical scopes, and other instruments. In 2021, the handheld instruments segment accounted for a substantial revenue share and is expected to grow with a lucrative CAGR during the forecast period. This is attributed to the growth in surgical procedures and development of high-dexterity worldwide. Guiding devices segment is expected to grow at a profitable CAGR during the forecast period. This is attributed to rising demand for minimally invasive surgeries for the treatment of target diseases.
By Type of Surgery
Based on type of surgery, the market is categorized into cardiothoracic, orthopedic, gastrointestinal, cosmetic & bariatric, gynecological, urological, and other surgeries. In 2021, the cardiothoracic surgery segment accounted for a significant revenue share due to the rising prevalence of cardiac diseases, growing awareness about the health benefits of early detection of cardiovascular complications worldwide. The orthopedic surgery segment is anticipated to grow at a substantial CAGR during the forecast period due to the high funding in R&D by biopharmaceutical companies and growing adoption of MIS instruments owing to their ease of use and better results.
By End Use
Based on end use, the market is categorized into hospitals and ambulatory surgical centers & clinics. The hospitals segment accounted for the highest revenue in 2021 and is projected to maintain its dominance over the forecast period. Increase in minimally invasive surgical procedures performed in hospitals owing to the presence of highly skilled healthcare professionals is a key factor driving the segment growth. The ambulatory surgery centers & clinics segment is anticipated to grow at a significant CAGR during the forecast period due to increasing coverage, services, and growing expenditure by public and private players in the market.
Regional Insights
In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the high number of surgical procedures being performed in North America as a result of early diagnosis and better care facilities along with high cost of procedures. Additionally, advanced healthcare infrastructure and access to modern healthcare services are driving the market growth of this region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the presence of a large patient base undergoing surgical treatments, market penetration by leading medical device manufacturers, growing awareness for quality healthcare services, and increase in investments due to improved medical facilities in this region.
Competitor Insights
Some of the key players in the minimally invasive surgery market are Medtronic plc (Ireland); B. Braun Melsungen AG (Germany); Johnson & Johnson (U.S.); Stryker Corporation (U.S.); Boston Scientific Corporation (U.S.); Smith & Nephew plc (U.S.); CONMED Corporation (U.S.); HOYA Corporation (Japan); The Cooper Companies, Inc. (U.S.); Applied Medical Resources Corporation (U.S.); Tecomet, Inc. (U.S.); Zimmer Biomet Holdings, Inc. (U.S.); and Surgical Innovations Group plc (U.K.). The leading players operating in the minimally invasive surgery industry are adopting various strategies including R&D investments, adoption of advanced techniques, new product launches, mergers & acquisitions, and regional expansions to capture a maximum revenue share.
This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The minimally invasive surgery market report is categorized into the following segments and subsegments:
Minimally Invasive Surgery Market, By Product (Revenue, USD Billion, 2021 – 2029)
- Inflation Devices
- Balloons
- Balloon Inflation Devices
- Handheld Instruments
- Graspers
- Retractors/Elevators
- Suturing Instruments
- Dilators
- Cutting Instruments
- Trocars
- Other Cutting Instruments
- Guiding Devices
- Guiding Catheters
- Guidewires
- Electrosurgical & Electrocautery Instruments
- Electrosurgical Instruments
- Electrocautery Devices
- Surgical Scopes
- Other Instruments
Minimally Invasive Surgery Market, By Type of Surgery (Revenue, USD Billion, 2021 – 2029)
- Cardiothoracic Surgery
- Orthopedic Surgery
- Gastrointestinal Surgery
- Cosmetic & Bariatric Surgery
- Gynecological Surgery
- Urological Surgery
- Other Surgeries
Minimally Invasive Surgery Market, By End Use (Revenue, USD Billion, 2021 – 2029)
- Hospitals
- Ambulatory Surgery Centers & Clinics
Minimally Invasive Surgery Market, By Region (Revenue, USD Billion, 2021 – 2029)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Scope of Minimally Invasive Surgery Market Report:
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Table of Contents: Minimally Invasive Surgery Market 2021-2029
- Research Methodology
- Study Objectives
- Study Scope
- Research Assumptions
- Research Framework
- Research Models
- Bottom-up Approach
- Top-down Approach
- Data Triangulation
- Data Procurement
- Internal Database
- Secondary Research
- Purchased Database
- Primary Research
- Data Analysis
- Data Validation
- Market Size Estimation
- Market Forecast Model
- Quality Assessment
- Research Models
- Introduction: Minimally Invasive Surgery
- Executive Summary
- Global Market Scenario
- Segment Market Scenario
- Geographic Market Scenario
- COVID-19 Impact
- Competitive Landscape
- Market Dynamics
- Market Drivers
- Driver 1
- Driver 2
- Driver 3
- Driver 4
- Driver 5
- Market Restraint
- Restraint 1
- Restraint 2
- Restraint 3
- Restraint 4
- Market Opportunities
- Opportunity 1
- Opportunity 2
- Opportunity 3
- Opportunity 4
- Market Trends
- Trend 1
- Trend 2
- Trend 3
- Trend 4
- Market Challenges
- Challenge 1
- Challenge 2
- Challenge 3
- Challenge 4
- Market Drivers
- Market Environment Analysis
- Porter’s 5 Forces Analysis
- PESTEL Analysis
- Value Chain Analysis
- SWOT Analysis
- Benchmark
- COVID-19 Impact Analysis: Minimally Invasive Surgery Market
- COVID-19: Overview
- COVID-19 Impact on the Global Market
- COVID-19 Impact on the Regional Markets
- Market Analysis by Product
- Inflation Devices
- Inflation Devices Market Forecast, 2021-2029 (USD Million)
- Handheld Instruments
- Handheld Instruments Market Forecast, 2021-2029 (USD Million)
- Cutting Instruments
- Cutting Instruments Market Forecast, 2021-2029 (USD Million)
- Guiding Devices
- Guiding Devices Market Forecast, 2021-2029 (USD Million)
- Electrosurgical & Electrocautery Instruments
- Electrosurgical & Electrocautery Instruments Market Forecast, 2021-2029 (USD Million)
- Surgical Scopes
- Surgical Scopes Market Forecast, 2021-2029 (USD Million)
- Other Instruments
- Other Instruments Market Forecast, 2021-2029 (USD Million)
- Inflation Devices
- Market Analysis by Surgery Type
- Cardiothoracic Surgery
- Cardiothoracic Surgery Market Forecast, 2021-2029 (USD Million)
- Orthopedic Surgery
- Orthopedic Surgery Market Forecast, 2021-2029 (USD Million)
- Gastrointestinal Surgery
- Gastrointestinal Surgery Market Forecast, 2021-2029 (USD Million)
- Cosmetic & Bariatric Surgery
- Cosmetic & Bariatric Surgery Market Forecast, 2021-2029 (USD Million)
- Gynecological Surgery
- Gynecological Surgery Market Forecast, 2021-2029 (USD Million)
- Urological Surgery
- Urological Surgery Market Forecast, 2021-2029 (USD Million)
- Other Surgeries
- Other Surgeries Market Forecast, 2021-2029 (USD Million)
- Cardiothoracic Surgery
- Market Analysis by End User
- Hospitals
- Hospitals Market Forecast, 2021-2029 (USD Million)
- Ambulatory Surgery Centers & Clinics
- Ambulatory Surgery Centers & Clinics Market Forecast, 2021-2029 (USD Million)
- Hospitals
- Regional Market Analysis
- Regional Market Trends
- Regional Market: Comparative Analysis
- North America Minimally Invasive Surgery Market
- North America Minimally Invasive Surgery Market
- North America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- S. Minimally Invasive Surgery Market
- S. Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Canada Minimally Invasive Surgery Market
- Canada Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Canada Market Size and Forecast, 2021-2029 (USD Million)
- S. Market Size and Forecast, 2021-2029 (USD Million)
- North America Market Size and Forecast, 2021-2029 (USD Million)
- North America Minimally Invasive Surgery Market
- Europe Minimally Invasive Surgery Market
- Europe Minimally Invasive Surgery Market
- Europe Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Germany Minimally Invasive Surgery Market
- Germany Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- UK Minimally Invasive Surgery Market
- UK Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- France Minimally Invasive Surgery Market
- France Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Spain Minimally Invasive Surgery Market
- Spain Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Italy Minimally Invasive Surgery Market
- Italy Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Rest of Europe Minimally Invasive Surgery Market
- Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
- Italy Market Size and Forecast, 2021-2029 (USD Million)
- Spain Market Size and Forecast, 2021-2029 (USD Million)
- France Market Size and Forecast, 2021-2029 (USD Million)
- UK Market Size and Forecast, 2021-2029 (USD Million)
- Germany Market Size and Forecast, 2021-2029 (USD Million)
- Europe Market Size and Forecast, 2021-2029 (USD Million)
- Europe Minimally Invasive Surgery Market
- Asia Pacific Minimally Invasive Surgery Market
- Asia Pacific Minimally Invasive Surgery Market
- Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Japan Minimally Invasive Surgery Market
- Japan Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- China Minimally Invasive Surgery Market
- China Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- India Minimally Invasive Surgery Market
- India Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- South Korea Minimally Invasive Surgery Market
- South Korea Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Australia Minimally Invasive Surgery Market
- Australia Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Rest of Asia Pacific Minimally Invasive Surgery Market
- Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Australia Market Size and Forecast, 2021-2029 (USD Million)
- South Korea Market Size and Forecast, 2021-2029 (USD Million)
- India Market Size and Forecast, 2021-2029 (USD Million)
- China Market Size and Forecast, 2021-2029 (USD Million)
- Japan Market Size and Forecast, 2021-2029 (USD Million)
- Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Asia Pacific Minimally Invasive Surgery Market
- Latin America Minimally Invasive Surgery Market
- Latin America Minimally Invasive Surgery Market
- Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Brazil Minimally Invasive Surgery Market
- Brazil Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Mexico Minimally Invasive Surgery Market
- Mexico Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Argentina Minimally Invasive Surgery Market
- Argentina Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Rest of Latin America Minimally Invasive Surgery Market
- Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Argentina Market Size and Forecast, 2021-2029 (USD Million)
- Mexico Market Size and Forecast, 2021-2029 (USD Million)
- Brazil Market Size and Forecast, 2021-2029 (USD Million)
- Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Latin America Minimally Invasive Surgery Market
- MEA Minimally Invasive Surgery Market
- MEA Minimally Invasive Surgery Market
- MEA Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- GCC Minimally Invasive Surgery Market
- GCC Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- South Africa Minimally Invasive Surgery Market
- South Africa Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Rest of MEA Minimally Invasive Surgery Market
- Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Product, 2021-2029 (USD Million)
- Market Size and Forecast by Surgery Type, 2021-2029 (USD Million)
- Market Size and Forecast byEnd User, 2021-2029 (USD Million)
- Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
- South Africa Market Size and Forecast, 2021-2029 (USD Million)
- GCC Market Size and Forecast, 2021-2029 (USD Million)
- MEA Market Size and Forecast, 2021-2029 (USD Million)
- MEA Minimally Invasive Surgery Market
- Competitor Analysis
- Market Share Analysis, 2021 & 2029
- Competitive Mapping
- Key Players Market Place Analysis
- Major Recent Developments
- Company Profiles
- Medtronic plc (Ireland)
- Company Snapshot
- Company Overview
- Financials
- Surgery Type Benchmarking
- Recent Developments
- Braun Melsungen AG (Germany)
- Company Snapshot
- Company Overview
- Financials
- Surgery Type Benchmarking
- Recent Developments
- Johnson & Johnson (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Surgery Type Benchmarking
- Recent Developments
- Stryker Corporation (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Surgery Type Benchmarking
- Recent Developments
- Boston Scientific Corporation (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Surgery Type Benchmarking
- Recent Developments
- Smith & Nephew plc (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Surgery Type Benchmarking
- Recent Developments
- CONMED Corporation (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Surgery Type Benchmarking
- Recent Developments
- HOYA Corporation (Japan)
- Company Snapshot
- Company Overview
- Financials
- Surgery Type Benchmarking
- Recent Developments
- The Cooper Companies, Inc. (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Surgery Type Benchmarking
- Recent Developments
- Applied Medical Resources Corporation (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Surgery Type Benchmarking
- Recent Developments
- Tecomet, Inc. (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Zimmer Biomet Holdings, Inc. (U.S.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Surgical Innovations Group plc (U.K.)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Company 14
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Company 15
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Others Prominent Players
- Medtronic plc (Ireland)
Conclusion & Recommendations