Minimally Invasive Surgery Market to Surpass Value of US$ 23.6 Bn by 2031, Notes TMR Study
Rising maternal age and increasing incidences of gynecological disorders, the gynecological category gained the major market share, TMR Study
ALBANY, N.Y., Feb. 28, 2022 (GLOBE NEWSWIRE) — The global minimally invasive surgery market was valued over US$ 8.7 Bn in 2020 and the market is anticipated to rise at a moderate CAGR during the forecast period, from 2021 to 2031. The minimally invasive surgery market is estimated to cross the mark of US$ 23.6 Bn by 2031. Less risk of infection and complications, scarring reduction, and faster recovery with much less discomfort are expected to increase demand in the global market. Furthermore, minimally invasive operations are quite economical than regular surgeries, which is predicted to increase their popularity in the upcoming years. The global minimally invasive surgery market is expected to be propelled by beneficial reimbursement scenarios, as well as better cancer understanding and patient support initiatives by governments.
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The development and preservation of an artificial pneumoperitoneum is connected with laparoscopic surgery, which elevates the possibility of the operation team being exposed to aerosol. Participants in the global minimally invasive surgery market are expected to face difficulties in expanding their businesses as a result of this. Earlier, papillomavirus, activated Corynebacterium, and HIV were found in surgical smoke, culminating in the infection of many surgeons. As a result, stakeholders are following the standards of CDC to maintain continuity in healthcare services.
During the forecast period, North America is expected to be a very promising market. With rise in senior population, the number of patients who attend hospitals and clinics is expected to grow as well. Additionally, new technology and utilization of topical treatments are projected to drive the market in North America throughout the forecast period.
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Key Findings of Market Report
- Tubular continuum robots have the potential to revolutionize minimally invasive surgery. Firms in the minimally invasive surgery market are ramping up manufacturing of robotic systems that aid in the elimination of malignancies in difficult-to-reach areas such as the pituitary gland. Medical researchers at the Hannover Medical School and the International Neuroscience Institute are garnering acclaim for their efforts to improve tubular continuum robotics through more research.
- Companies in the minimally invasive surgery market are creating mechatronics systems, which combine embedded electronics, software engineering, and micromechanics to offer safe and efficient MIS operations during laparoscopic surgeries that are ergonomically sound. Companies are working on articulated handles for laparoscopic instruments that will improve posture comfort and reduce wrist stress.
- FDA, ISO, and CE approval are now required for the delivery of MIS tools and devices. Dex Surgical is establishing its reputation by adhering to FDA, CE, and ISO standards for its MIS instruments and tools, which aid to better surgical outcomes. Firms in the global market are forming partnerships with medical professionals and surgeons to obtain patents for MIS equipment.
- In 2020, the hospitals segment accounted for a large portion of the global minimally invasive surgery market. During the forecast period, the category is expected to be driven by rising demand from personal care and healthcare industries, as well as the existence of a significant number of competitors.
- Due to the multifunctional nature of endoscopic mucosal resection surgery, the segment is likely to lead the global minimally invasive surgery market. This function is extremely useful for a variety of medical procedures.
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Global Minimally Invasive Surgery Market: Growth Drivers
- Presence of experienced and skilled personnel and increase in the use of technologically sophisticated tools are projected to boost the minimally invasive surgery market in Asia Pacific
- In the minimally invasive surgery market, med-tech firms are stepping up their R&D efforts to build robotic systems that replicate the characteristics of the daVinci surgical system, which is gaining traction in gynecology and urology. Complex algorithms as well as artificial intelligence (AI) are becoming more prevalent in robotic systems, which is helping to drive market expansion.
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Global Minimally Invasive Surgery Market: Key Players
Some of the key market players are
- HealthCare Global Enterprises Ltd.
- University of Pittsburgh Medical Center
- Washington Hospital Healthcare System
- Apollo Hospitals Enterprise Limited
- Charité – Universitätsmedizin Berlin
- The Ottawa Hospital
Global Minimally Invasive Surgery Market: Segmentation
Procedure
- Laparoscopic Surgery
- Robotic Surgery
- Endoscopic Mucosal Resection
- Endoscopic Sub-mucosal Dissection
Disorder Type
- Orthopedic
- Cosmetic & Bariatric
- Gynecological
- Cardiothoracic
- Gastrointestinal
- Urological
- Others
End Users
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:
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