The global minimally invasive surgery market is expected to exhibit strong growth, reaching USD 33.4 billion by 2030. As per the report titled "Minimally Invasive Surgery Market Size, Share & Recession Impact Analysis, By Condition (Gastrointestinal Conditions, Spinal Conditions, Gynecologic Conditions and Other Conditions), By Service Type (Laparoscopic Surgery, (Appendectomy, Hysterectomy, Myomectomy, Colectomy, Others), Robotic Surgery (Colorectal Surgery, Gynecologic Surgery and Others)), By End User (Hospitals & Clinics and Ambulatory Surgical Centers), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 20.5 billion and USD 33.4 billion in 2030. The market is expected to exhibit a CAGR of 7.20% during the forecast period.
Hologic, Inc., a Medical Technology Company Based in the United States, Paid $160 Million for Bolder Surgical
In October 2021, Bolder Surgical was purchased for $160 million by US-based Hologic, Inc., a provider of medical technology. By merging Bolder's unique advanced vessel sealing and dissection instruments used in laparoscopic surgeries, this acquisition will expand Hologic's surgical portfolio. An American company called Bolder Surgical sells cutting-edge surgical tools for closing energy vessels.
Technological Advancements in MIS to Accelerate Market Growth
Technology development is a major trend that is becoming more and more popular in the market for minimally invasive surgery. As science and technology have advanced and people's living standards have improved, there has been an increase in the need for special medical care and high-quality therapy. The utilisation of minimally invasive surgery (MIS) techniques for performing complex surgical procedures has increased as a result of this development. The development of novel technological solutions, such as improvements in optics, instruments, materials, robotics, computer systems, and others, is a key priority for major companies in the minimally invasive surgery market.
Lack of Skilled Professionals Could Impede Growth
The market for minimally invasive surgery is significantly constrained by a lack of qualified experts. Minimally invasive surgery requires specific knowledge and skills, both of which are sometimes in low supply. Being a subject that is continually expanding, minimally invasive surgery requires ongoing education and training to stay current with new technologies and procedures. Moreover, minimally invasive surgical training is frequently more expensive and time-consuming than standard surgery, which may deter some medical professionals from entering this field. As a result, particularly in less developed areas, the availability of healthcare providers trained in minimally invasive surgery may be constrained.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the minimally invasive surgery market plan acquisitions to improve their brand recognition globally. For instance, in March 2021, Ethicon, a US-based advanced medical device business for minimally invasive and open surgical procedures and a member of the Johnson & Johnson Medical Devices Companies, introduced the ECHELON+ stapler with GST reloads. Using gripping surface technology (GST) reloads for more reliable compression to better capture and form staples, as well as a new motor with dynamic firing that optimises firing speed in thick tissue to improve compression, these devices can be used to create more secure fasteners.
Recent Development:
Hologic, Inc., a Medical Technology Company Based in the United States, Paid $160 Million for Bolder Surgical
In October 2021, Bolder Surgical was purchased for $160 million by US-based Hologic, Inc., a provider of medical technology. By merging Bolder's unique advanced vessel sealing and dissection instruments used in laparoscopic surgeries, this acquisition will expand Hologic's surgical portfolio. An American company called Bolder Surgical sells cutting-edge surgical tools for closing energy vessels.
Technological Advancements in MIS to Accelerate Market Growth
Technology development is a major trend that is becoming more and more popular in the market for minimally invasive surgery. As science and technology have advanced and people's living standards have improved, there has been an increase in the need for special medical care and high-quality therapy. The utilisation of minimally invasive surgery (MIS) techniques for performing complex surgical procedures has increased as a result of this development. The development of novel technological solutions, such as improvements in optics, instruments, materials, robotics, computer systems, and others, is a key priority for major companies in the minimally invasive surgery market.
Lack of Skilled Professionals Could Impede Growth
The market for minimally invasive surgery is significantly constrained by a lack of qualified experts. Minimally invasive surgery requires specific knowledge and skills, both of which are sometimes in low supply. Being a subject that is continually expanding, minimally invasive surgery requires ongoing education and training to stay current with new technologies and procedures. Moreover, minimally invasive surgical training is frequently more expensive and time-consuming than standard surgery, which may deter some medical professionals from entering this field. As a result, particularly in less developed areas, the availability of healthcare providers trained in minimally invasive surgery may be constrained.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the minimally invasive surgery market plan acquisitions to improve their brand recognition globally. For instance, in March 2021, Ethicon, a US-based advanced medical device business for minimally invasive and open surgical procedures and a member of the Johnson & Johnson Medical Devices Companies, introduced the ECHELON+ stapler with GST reloads. Using gripping surface technology (GST) reloads for more reliable compression to better capture and form staples, as well as a new motor with dynamic firing that optimises firing speed in thick tissue to improve compression, these devices can be used to create more secure fasteners.
Recent Development:
- In September 2019, The "Hugo RAS system," a novel platform for robot-assisted surgery, was unveiled by Medtronic Plc. A tower, surgeon console, surgical end effectors, and robotic arm carts are all parts of the Hugo system.
List of Key Players Profiled in the Report
- Apollo Hospitals Enterprise Ltd.
- Bedfordshire Hospitals
- Circle Health Ltd.
- Manipal Health Enterprises Pvt Ltd.
- King Fahd Medical City
- Mount Elizabeth Hospital
- Singapore General Hospital Ltd.
- Stanford Healthcare
- The General Hospital Corporation
- The Johns Hopkins Hospital
Further Report Findings
- The market in North America is expected to gain a huge portion of the global Minimally invasive surgery market share in the coming years because chronic diseases are becoming more common in the area and healthcare costs are rising.
- The substantial market share held by the United States can be linked to the country's growing use of surgical robots for paediatric procedures and the funds made available for their research and development.
- In the Asia Pacific, the growth in this region is primarily driven by rising instances of traffic accidents and a fast growing economy in the area.
| Attributes | Details |
| Market Size in 2022 | USD 20.5 Billion |
| Market Forecast in 2030 | USD 33.4 Billion |
| Compound Annual Growth Rate | 7.20 % |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Condition, By Service Type, By End User and By Geography |
| By Condition |
|
| By Service Type |
|
| By End User |
|
| By Region |
|
| Base Year | 2022 |
| Historical Year | 2016-2021 |
| Forecast Year | 2023-2030 |
