The global minimally invasive surgery market is expected to grow at a CAGR of around 9.6% over the forecast period 2019 to 2026 and expected to reach the market value of around US$ 33.8 Bn by 2026.
Minimally invasive surgery uses techniques to operate with less incision or damage to the body than open surgery. Hence, it is associated with less pain, fewer postoperative complications, and shorter hospital stays. Some of the minimally invasive surgeries are done by using robotic technology that allows more control over the surgery. Surgeons are performing various surgeries using a minimally invasive technique such as Adrenalectomy, cancer surgery, Colectomy, ear, nose, and throat surgery, heart surgery, kidney transplant, gynecology surgery, endovascular surgery, orthopedic surgery, urologic surgery, Splenectomy, and thoracic surgery. Minimally invasive surgeries are majorly performed at government and private hospitals, ambulatory surgical centers, and research institutes.
Market Dynamics
The minimally invasive surgery market is growing due to innovative advancements, in the fields of orthopedic, cardiac, neurological, ophthalmic, and robotic surgical procedures. The constant technological advancements in MIS provide innovative and higher-quality instruments that enable the surgeons to execute surgical interventions efficiently with the highest patient safety. Investment by market players to develop advanced product designs that provide a high level of accuracy and control in the operating room are likely to boost the market growth.
The cost of MIS is significantly lesser than open surgeries with better outcomes resulting in a significant increase in the demand from the lower-income countries as well. Investment by market players in the developing regions due to the presence of the largest targeted patient population is likely to propel the market growth. Ambulatory centers prefer performing MIS as they facilitate same-day-discharge to patients and an increasing number of ambulatory surgery centers across the world to decrease the burden on hospitals is anticipated to boost the market in the coming years.
Product Stance
Based on the product, the minimally invasive surgery market is divided into handheld instruments, electrosurgical instruments, guiding devices, inflation systems, auxiliary instruments, and cutter instruments. The handheld instrument segment accounted for the largest share of the market in 2018. Technological advancement, low cost devices, and ability to ensure easier access during surgery without damage to patient’s body are the key factors for the high demand of handheld instruments. Application of these instruments in wide range of minimally invasive surgeries is anticipated to boost the market in coming years as well.
Application Stance
Based on the application, the market has been segmented into cardiothoracic surgery, gastrointestinal surgery, orthopedic surgery, gynecological surgery, vascular surgery, cosmetic/bariatric surgery, urological surgery, and others. Others segment include dental surgery, ENT/respiratory surgery, and neurological surgery. Orthopedic surgeries accounted for the maximum share of the market in 2018 due to large volume of surgeries, development of various minimally invasive surgeries for orthopedic injuries, and introduction of MIS approach in knee and hip replacement process. However, increasing number of cardiothoracic disease patients is expected to propel the minimally invasive surgery market at the fastest rate.
End User Study
Based on the end user, the market has been categorized into hospitals, ambulatory surgery centers, and research institutes. Hospitals accounted for the major share of the market in 2018. However, ambulatory surgery centers are expected to observe the fastest growth during the forecast period as these centers offer surgeries at greater flexibility of scheduling and lower costs as compared to hospitals.
Geographically Analysis
Geographically, North America held the largest share of the market in 2018 and is anticipated to maintain its dominance during the forecast period. This can be attributed to high adoption of minimally invasive surgeries due to technological advancement, more awareness about minimally invasive surgery’s advantages such as reducing surgery time, minimal or no surgical incision, lesser chance of surgical site infection, and decreased in overall healthcare cost, presence of abundant ambulatory surgery centers, local presence of market players, and availability of reimbursement for these surgeries. However, Asia Pacific is expected to witness the fastest growth during the forecast period due to large volume of targeted patients, investment by market players, increasing healthcare expenditure and technological adoption, supportive government regulations for the approval & commercialization of noninvasive devices, and growing disposable income. For instance, in November 2017, Johnson & Johnson’s Ethicon opened a facility in China with an investment of USD 180 million. The factory is expected to start its production of open surgical and minimally invasive solutions in 2019.
The market research study on “Minimally Invasive Surgery Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight on the global minimally invasive surgery market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global minimally invasive surgery market, its product, its application, end user, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global minimally invasive surgery market size and segment markets by product, by application, by end user, and geography along with the information on companies operating in the market. The minimally invasive surgery market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market sizes for different segments have been covered under the scope of the report.
The players profiled in the report include Abbott, CONMED, Medtronic, Smith & Nephew, Stryker, NuVasive, Inc., Intuitive Surgical, Inc.; and Zimmer Biomet. The competitors are involved in the innovative product development and commercialization, mergers, acquisitions, and collaborations to enhance their footprints in the market.
Market Segmentation
By Product
- Handheld Instruments
- Electrosurgical Instruments
- Guiding Devices
- Inflation Systems
- Auxiliary Instruments
- Cutter Instruments.
By Application
- Gastrointestinal Surgery
- Cardiothoracic Surgery
- Orthopedic Surgery
- Gynecological Surgery
- Cosmetic/Bariatric Surgery
- Vascular Surgery
- Urological Surgery
- Others
By End User
- Hospitals
- Ambulatory Surgery Centers
- Research Institutes
By Geography
- North America
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Minimally Invasive Surgery
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Minimally Invasive Surgery Market By Product
1.2.2.1. Global Minimally Invasive Surgery Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.2.2. Global Minimally Invasive Surgery Market Revenue Share By Product in 2018
1.2.2.3. Handheld Instruments
1.2.2.4. Electrosurgical Instruments
1.2.2.5. Guiding Devices
1.2.2.6. Inflation Systems
1.2.2.7. Auxiliary Instruments
1.2.2.8. Cutter Instruments
1.2.3. Minimally Invasive Surgery Market By Application
1.2.3.1. Global Minimally Invasive Surgery Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.1.1. Gastrointestinal Surgery
1.2.3.1.2. Cardiothoracic Surgery
1.2.3.1.3. Orthopedic Surgery
1.2.3.1.4. Gynecological Surgery
1.2.3.1.5. Cosmetic/Bariatric Surgery
1.2.3.1.6. Vascular Surgery
1.2.3.1.7. Urological Surgery
1.2.3.1.8. Others
1.2.4. Minimally Invasive Surgery Market By End User
1.2.4.1. Global Minimally Invasive Surgery Market Revenue and Growth Rate Comparison By End User (2015-2026)
1.2.4.2. Hospitals
1.2.4.3. Ambulatory Surgery Centers
1.2.4.4. Research Institutes
1.2.5. Minimally Invasive Surgery Market By Geography
1.2.5.1. Global Minimally Invasive Surgery Market Revenue and Growth Rate Comparison By Geography (2015-2026)
1.2.5.2. North America Minimally Invasive Surgery Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Minimally Invasive Surgery Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Minimally Invasive Surgery Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Minimally Invasive Surgery Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Minimally Invasive Surgery Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Minimally Invasive Surgery Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Minimally Invasive Surgery Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Minimally Invasive Surgery Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Minimally Invasive Surgery Major Manufacturers in 2018
CHAPTER 4. MINIMALLY INVASIVE SURGERY MARKET BY PRODUCT
4.1. Global Minimally Invasive Surgery Revenue By Product
4.2. Handheld Instruments
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Electrosurgical Instruments
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Guiding Devices
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Inflation Systems
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Auxiliary Instruments
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.7. Cutter Instruments
4.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. MINIMALLY INVASIVE SURGERY MARKET BY APPLICATION
5.1. Global Minimally Invasive Surgery Revenue By Application
5.2. Gastrointestinal Surgery
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Cardiothoracic Surgery
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Orthopedic Surgery
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Gynecological Surgery
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.6. Cosmetic/Bariatric Surgery
5.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.7. Vascular Surgery
5.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.8. Urological Surgery
5.8.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.8.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.9. Others
5.9.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.9.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. MINIMALLY INVASIVE SURGERY MARKET BY END USER
6.1. Global Minimally Invasive Surgery Revenue By End User
6.2. Hospitals
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Ambulatory Surgery Centers
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Research Institutes
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. NORTH AMERICA MINIMALLY INVASIVE SURGERY MARKET BY COUNTRY
7.1. North America Minimally Invasive Surgery Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Minimally Invasive Surgery Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Minimally Invasive Surgery Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 8. EUROPE MINIMALLY INVASIVE SURGERY MARKET BY COUNTRY
8.1. Europe Minimally Invasive Surgery Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Minimally Invasive Surgery Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC MINIMALLY INVASIVE SURGERY MARKET BY COUNTRY
9.1. Asia-Pacific Minimally Invasive Surgery Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Minimally Invasive Surgery Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 10. LATIN AMERICA MINIMALLY INVASIVE SURGERY MARKET BY COUNTRY
10.1. Latin America Minimally Invasive Surgery Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Minimally Invasive Surgery Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA MINIMALLY INVASIVE SURGERY MARKET BY COUNTRY
11.1. Middle East & AFRICA Minimally Invasive Surgery Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & AFRICA Minimally Invasive Surgery Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
11.5. Rest of Middle East & AFRICA
11.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Abbott
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. CONMED
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Medtronic
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Smith & Nephew
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Stryker
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. NuVasive, Inc.
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Intuitive Surgical, Inc.
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Zimmer Biomet
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Others
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
