Dublin, May 09, 2024 (GLOBE NEWSWIRE) -- The "Global Minimally Invasive Surgery Market Report by Product Type, Application, End-User, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global demand for minimally invasive surgeries is set to surge, as the latest market analysis projects an expansion from US$ 52.9 billion in 2023 to US$ 91.0 billion by the year 2032. This growth trajectory, reflecting a compound annual growth rate (CAGR) of 6.21% between 2023 and 2032, is indicative of a paradigm shift in surgical practices and the adoption of state-of-the-art healthcare technologies.
Several factors are fueling the rise of minimally invasive procedures: a globally aging population with increasing cases of chronic diseases, technological advancements in medical devices, and a growing preference for surgeries that offer faster recovery times and fewer postoperative complications. The spike in robotic-assisted surgeries is also a testament to the market's innovation, offering precision and improved outcomes for patients.
Technological Innovations Propel Market Expansion
The integration of cutting-edge medical devices including narrow-band imaging endoscopes and high-definition cameras is transforming the minimally invasive surgery landscape, driving forward its adoption. These advancements attest to an industry at the forefront of innovation, continuously seeking to improve patient care and surgical efficacy.
Shift Towards Outpatient Settings
There is an observable trend towards outpatient surgical interventions, with a growing number of physicians choosing to perform minimally invasive surgeries in ambulatory surgical centers (ASCs). This shift is indicative of the medical community’s recognition of the benefits associated with such procedures, including reduced hospital stay durations and decreased post-operative discomfort for patients.
Market Segmentation
The report categorizes the minimally invasive surgery market into various segments, highlighting surgical devices, laparoscopy devices, and monitoring & visualization devices as key product types. It offers insights into applications spanning from orthopedics to cardiovascular procedures, and enumerates both hospitals and clinics as primary end-users. Geographically, the market is dissected into several key regions, including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, each contributing its own dynamics to the market growth.
Competitive Landscape
The competitive landscape of the minimally invasive surgery market is robust, featuring key industry players that are contributing significantly to the overall market development. The heightened competition also underscores the continued efforts towards innovation, higher success rates, and safety in surgical practices.
Challenges and Opportunities
As the industry navigates through challenges and leverages opportunities, the report sheds light on important market dynamics. It examines factors propelling the market forward, potential hurdles, and the strategic moves by competitors that signify robust market functioning. This predictive analysis articulates the steady climb of the minimally invasive surgery market, steering towards a promising horizon for both healthcare professionals and patients. With enhanced medical practices and technological integration, the sector is emerging as a pivotal component in the evolving healthcare landscape.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 135 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $52.9 Billion |
| Forecasted Market Value (USD) by 2032 | $91 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
Companies Featured
- Zimmer Biomet Inc.
- Medtronic Inc.
- GE Healthcare
- Intuitive
- Eximis Surgical
- Stryker Corporation
- Arthrex
- B. Braun
- Bauer Medical
- Check-Cap
- Cook Medical
- OmniGuide Inc.
- Orthofix Holdings Inc.
- Pentax
- Philips Healthcare
- RF System
- Smith & Nephew
- TransEnterix
- Virtual Ports
For more information about this report visit https://www.researchandmarkets.com/r/9q6dus
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