Minimally Invasive Surgery Market Growth Opportunities and Forecast till 2032
The Global Minimally Invasive Surgery Market Size was valued at USD 39.8 Billion in 2023 and is anticipated to reach USD 94.9 Billion by 2032 with a CAGR of 10.3% from 2024 to 2032.
Minimally invasive surgery (MIS) is one of the most revolutionary trends of the present day surgery where the application of sophisticated methods of surgery is applied sparing the tissue. Unlike the conventional open surgeries where surgeons make big cuts for them to gain access to the surgical area, minimal invasive surgery requires small cuts through which surgeons insert instruments, cameras and light sources. It has also been proven to lower postoperative pain, hospital stay and complications rates in the patient.
Minimally invasive surgery is made even more accurate through incorporation of robotic systems aimed at providing the surgeon with the level of precision needed to operate on delicate areas of the patient’s body. This is so because the technique does not cause significant disruption to muscles and tissues, which makes it safer than conventional approaches.
The procedures that can be done by minimally invasive include myomectomy / hysterectomy/ laparoscopy, hernia repair, cholecystectomy, appendicectomy/ endoscopy, video-assisted thoracoscopic surgery (VATS), etc. These development emphasize the focus on the patient and also rise of new techniques in methodology of surgeries.
Minimally Invasive Surgery Market Dynamics
The market for minimally invasive surgical operations has grown over the past few years because of the rising incidences of lifestyle related diseases. Pham and colleagues have established in their current studies that there is a correlation between minimally invasive surgery (MIS) and decreased hospital costs and post-surgical complications. Other conditions like Cardiovascular diseases, Kidney stones, Orthopedic disorders, Cancer, Arthritis and many other ailments, have also increased globally and to meet their requirements of MIS has also increased especially in geriatric population.
The principal benefits which arise from the use of MIS such as postoperative pain, infection, and length of hospital stay and recovery time reflect the overall patient satisfaction and better treatments results. Techniques such as Laparoscopic cholecystectomy and minimally invasive cardiac operations cause negligible injury to the adjacent tissues and tissues, which allow patients to return to their normal activities a lot quicker.
Technology has been a key factor in influencing growth of MIS. Recent development in technologies include high definition cameras, miniature instruments, robotic surgical systems such as the da Vinci Surgical Systems and advanced imaging modalities like laparoscopic ultrasound and intraoperative magnetic resonance imaging enable the surgeon to perform complex surgery through minimal access.
In addition, the implementation of MIS offers tremendous saving opportunity to the healthcare systems when compared to the expensive initial investment on the equipments. Shorter hospitalization, low complication rate and quicker rehabilitation, and are beneficial financially to the system, lower cost of healthcare delivery and improved resource management.
However, there are several barriers to market development that are difficult to eliminate. The challenges are high costs of surgical robotic systems, scarcity of human capital, and a rigid reimbursement model. The increased cost of performing the surgery has made some patients to seek for treatment in other countries taking an advantage of the most encouraging exchange rates. Also, due to scarcity of expertise, the costs of these procedures have gone high, thus affecting the marketing factors.
Global Minimally Invasive Surgery Market Segment Analysis
Minimally Invasive Surgery Market By Device
· Ambulatory Surgical Centers Instruments
o Graspers
o Retractors/Elevators
o Suturing Instruments
o Dilators
o Others
· Inflation Devices
o Balloons
o Balloon Inflation Devices
· Surgical Scope
o Laparoscopes
o Urology Endoscopes
o Arthroscopes
o Neuroendoscopes
o Other
· Cutter Instruments
o Trocars
o Other Cutting Instruments
· Guiding Devices
o Guiding Catheters
o Guidewires
· Electrosurgical Devices
o Electrosurgical Instruments
o Electrocautery Device
· Auxiliary Devices
· Monitoring and Visualization Devices
In 2023, the surgical scope segment especially the laparoscopes held the largest market share of the global minimally invasive surgery (MIS). This domination is being attributed to the fact that most of laparoscopes and endoscopic devices are used in surgeries like gastrointestinal and gynecological ones. Furthermore, research in imaging technique and the use of laparoscopic procedures also contributed to the large market share of this segment. Electrosurgical devices and imaging system also recorded high growth rate because of their importance in increasing accuracy during MIS.
Minimally Invasive Surgery Market By Application
· Cardiac
· Gastrointestinal
· Orthopedic
· Vascular
· Gynecological
· Urological
· Thoracic
· Cosmetic
· Dental
· Others
In terms of the minimally invasive surgery market forecast, the cardiac segment is expected to experience substantial growth in the MIS market between 2024 and 2032. This growth is mainly due to the rising incidence of cardiac diseases and the increased number of cardiac procedures performed around the world. For instance, improvement in robotic technology in robotic surgery, surgical intervention through catheterization and other related procedures is making cardiac interventions even safer than open-heart surgeries, hence improving recovery periods.
Minimally Invasive Surgery Market By End Use
· Hospitals
· Ambulatory Surgical Centers
In 2023, the largest market share from end-use perspective was witnessed in the hospitals segment of the Minimally Invasive Surgery (MIS) market. This is due to use of latest minimally invasive technologies in the hospital, capability of treating routine and complicated cases, and most importantly availability of professional personnel. This is due to the availability of all-round facility in hospitals and better management of complications which is imperative for MIS from hitech imaging to robotic surgery.
Minimally Invasive Surgery Market Regional Analysis
According to the analysis, North America was the largest consumer of minimally invasive surgery (MIS) in 2023 having a highest percentage share of 44.14%. This dominance is relative to the high incidence of chronic diseases; cardiovascular diseases are major causes of death in the United States. As per CDC, as of September 2022, it is estimated that 18.2 million adults in the United States of America of 20 years and above are suffering from CAD, about 360,900 deaths occurred from coronary heart disorders in 2019.
Also, the regional increased utilization of technologically superior products, including robotic-assisted systems and enhanced surgical equipment, also fuels the market’s growth. Having a strong base for the healthcare system and with the progressive advancement of MIS, it is evident that the North American region will experience continued growth of the MIS instruments market.
MIS is fast, growing in Europe and this is facilitated by the government support and technological developments. Today there are many forums or dedicated platforms like the EAU Robotic Urology Section (ERUS) promoting innovation in robotic surgeries. The leading proponents of this type of regulation are countries such as France, Spain, Germany and Scandinavia. An example is Medrobotics Company’s Flex Robotic System that has improved precision and work rate in gastroenterology surgeries.
On the basis of the continuous enhancement in the foregoing aspects, Asia-Pacific is expected to be the fastest-growing MIS market. The developments of technology and the existence of world-class healthcare companies also support expansion. For instance, recently Apollo Hospitals launched a robot-assisted cardiac surgery unit in India to affirm its dedication to apply the newest and efficient technologies.
Minimally Invasive Surgery Market Leading Companies
The minimally invasive surgery market players profiled in the report is Apollo Hospitals Enterprise Ltd., Bedfordshire Hospitals, Circle Health Ltd., King Fahd Medical City, Manipal Health Enterprises Pvt. Ltd., Mount Elizabeth Hospital, Singapore General Hospital Ltd., Stanford Healthcare, The General Hospital Corporation, and The Johns Hopkins Hospital.
Minimally Invasive Surgery Market Regions
North America
· U.S.
· Canada
Europe
· U.K.
· Germany
· France
· Spain
· Rest of Europe
Latin America
· Brazil
· Mexico
· Rest of Latin America
Asia-Pacific
· China
· Japan
· India
· Australia
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· GCC
· South Africa
· Rest of Middle East & Africa