The Global Minimally Invasive Surgery Instruments Market is estimated to reach USD 40.8 Billion by 2027 at a CAGR of 8.8% in the study period

The global minimally invasive surgery instruments market is segmented by type, product, surgery and end-user

Based on surgery, cardiovascular surgery accounted for highest market share owing to rise in heart surgeries

On the bases of region, the market is segmented into Americas, Europe, Asia Pacific and Middle East & Africa

North America accounted for lion share aimed to presence of major manufacturers, increasing adoption of technological advancement, and among others

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Global Minimally Invasive Surgery Instruments Market: Key Market Dynamics

Minimally invasive surgery instruments are preferred over the conventional open surgery owing to excellent advantages associated with it, which drives the market growth

Outcomes of the minimally invasive surgery are more efficient, which is boosting its adoption by the patient pool

Growing old-age population in the world, which is more susceptible to chronic medical conditions. This, propels the demand for surgeries, which in turn, boost the market growth 

On the contrary, expensive equipment for the minimally invasive surgery hinders the market growth

Inadequate reimbursement scenario for the surgical products is restraining the growth of this market

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Global Minimally Invasive Surgery Instruments Market: Regional Overview

Americas:

Americas is segmented into North America and Latin America. North America region is further divided in to US and Canada. The region has emerged as the leading region in the global minimally invasive surgery instruments market

Among these, the US is key contributing economy in the North America for minimally invasive surgery instruments market

Shorter hospital stays, rapid recovery and reduced cost of facility fees, service fees and other payables leading to cost effectiveness for patients is boosting the adoption of minimally invasive surgeries in the US

Studies revealed that hospitals within US, represented rise in the minimally invasive surgeries by around 50%, they would prevent around 3,600 surgical complications, minimize the hospital stay 144,800 days resulting into overall cost of USD 288 million annually

Increasing healthcare infrastructure, higher adoption of advanced technologies with rise in the healthcare spending majorly in the hospital care across US, favors the growth of minimally invasive surgery instruments market in North America

Asia Pacific

Asia Pacific region is further divided into China, Japan, India, Australia, and South Korea  

Asia Pacific region is expected to grow at the fastest growth rate owing to rising surgical procedures requiring minimally invasive or non-invasive equipment to increase the accurate outcomes

China is one of the promising country in the Asia-Pacific for adoption of minimally invasive surgeries

Europe PubMed Central stated that around 8,320 thoracic surgical operations performed in China, in 2015 wherein around 80% are performed through video assisted thoracic surgery (VATS), with 50% is performed using a Uniportal approach, having average to 30–40 operations per day annually, this represents an increase of 47.6% across the country

In 2019, the Study involving spinal endoscopy indicated that higher percentage of minimally invasive surgeries (MIS) and endoscopic spinal (ES) surgery accounted for 96.7% was for Asia Surgeons when compared to non-Asian surgeons (81.6%)

Owing to rising population, increasing patient pool, hike in the geriatric population in Japan especially, is a fueling factor for the minimally invasive market growth

List of the leading companies operating in the Minimally Invasive Surgery Instruments Market include:

  • B. Braun Melsungen AG (Company Overview, Financial Overview, Product Synopsis, Key Developments, SWOT Analysis, & Key Strategy)
  • BD
  • Boston Scientific Corporation
  • CONMED Corporation.
  • HOYA Corporation
  • Intuitive Surgical
  • Johnson & Johnson Services, Inc.
  • Medtronic
  • Siemens Healthcare GmbH
  • Smith+Nephew. 
  • Stryker 
  • Zimmer Biomet
  • Other Key Companies

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Global Minimally Invasive Surgery Instruments Market: Key Developments

In Jun 2020, LivsMed Receives 510(k) Clearance from the U.S Food and Drug Administration (US FDA) for laparoscopy instrument: ArtiSential Articulating Energy Laparoscopic Instruments

In August 2018, Olympus has signed an agreement with FlexDex Surgical to compete wrist-worn needle driver robotic device designed to simplify suturing in difficult-to-reach areas of the abdomen. 

In June 2017, BD received U.S. Food and Drug Administration (FDA) 510(k) clearance for its new line of Snowden-PencerTM 3.0mm laparoscopic ergonomic take-apart instruments for its use in laparoscopic surgery.

Minimally Invasive Surgery Instruments Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Table of content:

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Adoption of Minimally Invasive Surgery
      2. Efficient Clinical Outcome of Minimally Invasive Surgery
      3. Rise in Geriatric Population
    3. Restraint
      1. High Cost of MIS Equipment
      2. Limited Reimbursement for Surgical Products
      3. High Initial Set-Up and Recurrent Cost of Robotic Surgery
    4. Opportunities
      1. Emergence of Smart Equipment
      2. Advancement in Minimally Invasive Surgery
    5. Challenges
      1. Lack of Skilled Medical Professionals
  5. Market Factor Analysis
    1. Porters Five Forces Analysis
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
    3. Value Chain Analysis
      1. R&D and Designing
      2. Manufacturing
      3. Distribution & Sales
      4. Post-Sales Services
    4. COVID-19 Impact Analysis
      1. Impact on Production
      2. Impact on Market Growth
      3. Impact on Regions
  6. GLOBAL MINIMALLY INVASIVE SURGERY INSTRUMENTS MARKET BY TYPE, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Reusable Minimally Invasive Instruments
    3. Non-reusable Minimally Invasive Instruments
  7. GLOBAL MINIMALLY INVASIVE SURGERY INSTRUMENTS MARKET BY PRODUCT, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Handheld Instruments
      1. Scalpels
      2. Forceps
      3. Retractor
      4. Dilators
      5. Graspers
      6. Others
    3. Inflation Devices
      1. Analogue Inflation Devices 
      2. Digital Inflation Devices 
    4. Guiding Devices
      1. Guiding Catheters
      2. Probes
      3. Others
    5. Electrosurgical Devices
    6. Auxiliary Devices
    7. Others
  8. GLOBAL MINIMALLY INVASIVE SURGERY INSTRUMENTS MARKET BY SURGERY, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Cosmetic Surgery
    3. Cardiovascular Surgery
    4. Gastrointestinal Surgery
    5. Gynecological Surgery
    6. Orthopedic Surgery
    7. Urological Surgery
    8. Other Applications
  9. GLOBAL MINIMALLY INVASIVE SURGERY INSTRUMENTS MARKET BY END-USER, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Hospitals & Clinics
    3. Ambulatory Surgical Centers
  10. GLOBAL MINIMALLY INVASIVE SURGERY INSTRUMENTS MARKET BY REGION, MARKET SIZE IN USD MILLION (2018-2027)
    1. Americas
      1. North America
        1. US
        2. Canada
      2. Latin America
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Spain
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Middle East
      2. Africa
  11. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    4. Key Developments
  12. COMPANY PROFILES
    1. B. Braun Melsungen AG
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
      6. Key Strategy
    2. BD
    3. Boston Scientific Corporation
    4. CONMED Corporation.
    5. HOYA Corporation
    6. Intuitive Surgical
    7. Johnson & Johnson Services, Inc.
    8. Medtronic
    9. Siemens Healthcare GmbH
    10. Smith+Nephew. 
    11. Stryker 
    12. Zimmer Biomet
    13. Other Key Companies
  13. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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