Minimally Invasive Surgery Market Size Worth $113.23 Billion By 2032 | CAGR: 16.5%

The global minimally invasive surgery market size is expected to reach USD 113.23 billion by 2032, according to a new study by Polaris Market Research. The report “Minimally Invasive Surgery Market Share, Size, Trends, Industry Analysis Report, By Product (Electrosurgical devices, Imaging & Visualization Systems, Surgical Devices); By Application; By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The minimally invasive surgery sector is growing due to continuous innovation in products such as robotically assisted surgery, minimally invasive devices, and advanced imaging systems. Manufacturers are dedicating resources to research and development to improve the functionality and performance of MIS equipment and broaden its use across various surgical specialties. Minimally invasive procedures enhance patient safety and treatment quality, offering benefits such as shorter hospital stays, lower infection rates, and reduced blood loss. Healthcare professionals prioritize MIS procedures to reduce surgical risks and enhance patient satisfaction.

The COVID-19 pandemic had a detrimental impact on the global expansion of minimally invasive surgery, primarily because hospitals needed to prioritize their daily surgical treatments. For instance, in July 2020, a study conducted as reported in a PubMed Central publication indicated that hospitals had to prioritize non-surgical methods whenever feasible due to the urgency of their daily surgical operations.

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The field of minimally invasive surgery is expanding into emerging markets, driven by several factors such as lower regulatory barriers, advancements in healthcare infrastructure, an aging population, increasing healthcare expenditure, rising disposable incomes, and growing patient populations in these economies. Compared to wealthier nations, people in the Asia Pacific region are more open and receptive to business opportunities. This, along with intensifying competition in developed markets, has led key players in the minimally invasive surgery industry to focus on developing nations.

Minimally Invasive Surgery Market Report Highlights

• The surgical devices segment dominated the market in 2023, driven by improvements in the precision, flexibility, and safety of these instruments, which ultimately benefit patients.
• The hospitals segment led the market in 2023 and is expected to maintain its dominance due to the expansion of operating rooms in hospitals in developing countries.
• North America holds a significant revenue share in the global Minimally Invasive Surgery market, driven by the increasing prevalence of chronic illnesses, the less invasive nature of the procedure, and faster recovery time.
• The global key market players include Medtronic plc, Johnson & Johnson Medtech, Stryker Corporation, NuVasive, GE Healthcare, Zimmer Biomet Holdings, Becton, Dickinson & Company, Boston Scientific Corporation, and Abbott Laboratories.

Polaris Market Research has segmented the Minimally Invasive Surgery market report based on product, application, end-user, and region:

Minimally Invasive Surgery, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Electrosurgical Devices
  • Electrocautery Devices
  • Electrosurgical generators & accessories
• Imaging & Visualization Systems
  • X-Ray imaging
  • Ultrasound
  • CT imaging
  • MRI imaging
  • Visualization Systems
• Surgical Devices
  • Laparoscopy Devices
    • Trocar and Cannula
    • RASP (Robotic- Assisted Simple Prostatectomy)
    • Laparoscope
    • Graspers and Dissectors
  • Handheld Instruments
    • Probes
    • Laser fiber devices
    • Tubular Retractor
    • Dilator
    • Suturing Instruments
  • Inflation Systems
    • Balloon Inflation systems
    • Balloon Catheters
  • Guiding Devices
    • Guiding catheters
    • Guidewires
• Medical Robotics
  • Robotic softwares & Services
  • Robotic Systems
  • Robotic Instruments
• Endoscopy Devices
  • Diagnostic endoscopes
  • Flexible endoscopes
  • Rigid endoscopes

Minimally Invasive Surgery, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Neurological Surgery
• Cardio-Thoracic Surgery
• Dental Surgery
• Vascular Surgery
• Gynecological Surgery
• Urological Surgery
• Orthopedic Surgery
• Oncology Surgery
• Ent & Respiratory Surgery
• Cosmetic Surgery
• Gastrointestinal & Abdominal Surgery
• Others

Minimally Invasive Surgery, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

• Ambulatory Surgical Centers
• Orthopedic, Emergency & Trauma Centers
• Hospitals, Clinics & Ablation centers
• Others

Minimally Invasive Surgery, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Minimally Invasive Surgery Market Report Scope