Minimally Invasive Surgical Systems Market Trends 2023–2028: Outlook, Value & Key Companies

Market Size, Growth Valuation (2023-30)

Minimally Invasive Surgical Systems Market is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2023-28.

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Minimally Invasive Surgical Systems Market Structure – Segmentation Geography

By Type

Conventional MISS
- Endoscopes and Endoscopic Systems
  - Rigid Endoscopes
    - Laparoscopes
    - Arthroscopes
    - Urology Endoscopes
      - Cystoscopes
      - Resectoscopes
      - Nephroscopes
      - Other Urology Endoscopes
    - Gynecology Endoscopes
    - Neuroendoscopes
    - ENT Endoscopes
    - Other Rigid Endoscopes (GI)
  - Flexible Endoscopes
    - Gastrointestinal Endoscopes
      - Gastroscopes
      - Duodenoscopes
      - Enteroscopes
      - Sigmoidoscopes
      - Colonoscopes
      - Other GI Endoscopes
    - Urology Endoscopes
    - Gynecology Endoscopes
    - Bronchoscopes
    - Laryngoscopes
    - Pharyngoscopes
    - ENT Endoscopes
  - Capsule Endoscopy
    - Workstations and Data Recorders
    - Capsules
    - Others (Services and Patency System)
  - Video and Visualization Systems
    - Cameras
      - Single-Chip Cameras
      - 3-Chip Cameras
    - Displays and Monitors
      - Wireless
      - Wired
    - Video Convertors
    - Video Recorders
      - Standalone
      - Inbuilt
    - Video Processors
    - Camera Heads
      - CCD
      - CMOS
    - Light Sources
      - LED
      - XEON
      - Laser
      - Halogen
    - Printers
  - Instruments and Accessories
    - Insufflators
    - Endoscope Tip Protector, Tubing, Water Systems
    - Procedure Kits
    - Forceps
    - Retrieval Kits
    - Injection Needles
    - Energy Devices
    - Closure Devices
    - Hand Instruments
    - Access Devices
    - Others
  - Others
- Surgical Robotics
  - Systems
  - Instruments Accessories
  - Services

By Application

Urology Surgery
Gynecology Surgery
General Surgery
Cardiovascular Surgery
Orthopedic Surgery
Head and Neck Surgery (Neurosurgery)
Others (Biopsy, Hair, etc.)

Among these, Orthopedic Surgery held the largest share in the Global Minimally Invasive Surgical Systems Market over the past few years.

By End Users

Hospitals
Ambulatory Surgical Centers
Specialty Clinics

Hospitals, followed by specialty clinics, emerge as the most significant end-user segment in the minimally invasive surgical (MIS) System market, as these spaces facilitate complex diagnostic and therapeutic procedures.

By Region

North America
South America
Europe
Middle East Africa
Asia Pacific.

North America attained the highest share in the Global Minimally Invasive Surgical Systems Market due to the burgeoning number of surgical procedures and early diagnosis of the diseases.

Key Growth Trends (2023-2028)

Rising Prevalence of Chronic Diseases worldwide - The demand for MIS procedures is anticipated to rise due to the rising prevalence of chronic diseases. Unfortunately, chronic conditions, usually caused by a changing lifestyle, poor eating habits, and failure to maintain a healthy weight, are rarely curable and manageable.

A few longer-lasting chronic infections increase cancer risk, necessitating minimally invasive surgery with the growing awareness of such deadly diseases. Patients who undergo this type of surgery experience fewer complications, less post-operative pain, shorter hospital stays, quicker recovery times, fewer scars, and less immune system stress.

For instance, a report released by American Action Forum in September 2020 revealed that the prevalence and cost of chronic disease in the United States are increasing and will continue to rise as the disease's prevalence among children and young adults grows. Further, chronic disease is a major healthcare problem in the United States, where its total annual expense is rising and now equals $3.7 trillion, or roughly 19.6 percent of the country's GDP. Therefore, the MIS systems market is expanding as chronic illnesses become more common.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Minimally Invasive Surgical Systems industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Minimally Invasive Surgical Systems Companies are:

Auris Health, Inc. (Johnson Johnson)
Boston Scientific Corporation
Cook Medical
Corindus Vascular Robotics Inc
Intuitive Surgical Inc
Medrobotics Corporation
Medtech SA (Zimmer Biomet Holdings, Inc.)
Mazor Robotics Ltd
Olympus Corporation
Reinshaw Plc
Restoration Robotics Inc
Smith Nephew Plc
Stereotaxis Inc
Mako Surgical Corp (Stryker Corporation)
Think Surgical Inc.
TransEnterix, Inc.
Richard Wolf GmbH
Pentax Medical (Hoya Corporation)
Fujifilm Holdings Corporation
Siemens Healthcare GmbH.

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Key Questions Answered in This Report:

What is the current market size of Minimally Invasive Surgical Systems, and what growth rate is projected by 2028?
Which key trends are driving Minimally Invasive Surgical Systems market expansion in the next five years?
How does market segmentation impact industry dynamics?
Which geographic regions offer the highest growth potential?
What are the primary challenges hindering Minimally Invasive Surgical Systems industry growth?
How do regulatory policies influence market development?
What are the latest technological advancements impacting the sector?
Who are the leading Minimally Invasive Surgical Systems companies, and what are their market shares?
What strategies are top competitors adopting to maintain dominance?
What are the emerging niche segments with high growth potential?
How do macroeconomic factors affect market performance?
What are the investment opportunities for new entrants?
How does pricing strategy vary across different market segments?
What are the future innovation trends expected in this industry?

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