Minimally Invasive Surgery Market to Reach USD 71 Billion by 2030, Driven by Technological Advancements and Rising Chronic Disease Prevalence

 

According to Next Move Strategy Consulting, the global Minimally Invasive Surgery (MIS) Market is poised for significant growth, with the market size valued at USD 45 billion in 2023 and projected to reach USD 71 billion by 2030. This growth represents a compound annual growth rate (CAGR) of 7% by 2030. MIS, a surgical technique utilizing small incisions and specialized instruments, offers a host of benefits including reduced scarring, faster recovery times, and lower risks of complications compared to traditional open surgeries.

Minimally invasive surgeries, commonly performed using a laparoscope—a thin tube with a camera and light—have revolutionized surgical practices. The technique allows surgeons to see inside the body and perform operations with fewer incisions, significantly reducing the trauma to the body.

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Market Drivers and Dynamics

The increasing prevalence of chronic diseases, such as cardiovascular disorders, cancer, and respiratory diseases, is a key driver for the growth of the MIS market. The World Health Organization (WHO) reports that cardiovascular diseases alone accounted for nearly 18 million deaths globally in 2021. The aging global population is also contributing to rising demand for MIS, as older adults are more susceptible to chronic conditions that require surgical intervention.

Technological innovations, such as the integration of robotics and artificial intelligence (AI) into surgeries, are further enhancing the capabilities and precision of MIS. In November 2021, Max Hospital launched the Da Vinci Xi Surgical Robot, which allows for highly precise robotic-assisted surgeries, underscoring the growing role of robotics in minimally invasive procedures.

However, the high cost of specialized instruments remains a challenge, increasing the overall cost of treatment. Despite this, the continued development of advanced technologies and robotics is expected to offer significant opportunities for market expansion.

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Market Segmentation and Scope

The Minimally Invasive Surgery Market is segmented based on service type, product type, technology, application, end-user, and region:

• By Service Type: Laparoscopic Surgery, Robotic Surgery
• By Product Type: Surgical Devices, Monitoring & Visualization Systems, Laparoscopy Devices, Endosurgical Equipment, Electrosurgical Equipment
• By Technology: Transcatheter Surgery, Laparoscopy Surgery, Non-Visual Imaging, Medical Robotics
• By Application: Gastrointestinal Surgery, Urology Surgery, Cosmetic Surgery, Orthopaedic & Spine Surgery, Cardiac Surgery, Cancer Surgery, Obesity Surgery, and more
• By End-User: Hospitals, Clinics, Individual Surgeons, Academic & Research Institutes
• By Region: North America, Europe, Asia-Pacific, Rest of World (RoW)

Geographical Insights

North America currently leads the global MIS market, driven by the high incidence of chronic diseases, such as cancer and obesity, in the U.S. and Canada. The region also benefits from the presence of major industry players like Stryker Corporation and CONMED Corporation, which are continuously innovating to expand the scope of minimally invasive surgeries.

Asia-Pacific is anticipated to witness significant growth during the forecast period, fueled by improving healthcare infrastructure in emerging economies like China, India, and Japan. The growing elderly population in this region is also a key factor, as older individuals are increasingly opting for less invasive procedures due to the lower recovery times and reduced surgical risks.

Competitive Landscape

The Minimally Invasive Surgery Market is highly competitive, with key players such as Stryker Corporation, Medtronic Plc, Intuitive Surgical Inc., Abbott Laboratories, Siemens Healthineers, and Johnson & Johnson Services Inc. leading the way. These companies are employing a range of strategies to maintain their market position, including new product launches, partnerships, and technological advancements.

For instance:

• Abbott launched the Transcatheter Aortic Valve Implantation (TAVI) System Navitor in December 2022 to treat aortic stenosis.
• SeaSpine Holdings Corporation unveiled its 7D FLASH Navigation System Percutaneous Spine Module in October 2022 to optimize minimally invasive spine surgeries.
• Philips introduced ClarifEye Augmented Reality Surgical Navigation to improve the accuracy of pedicle screw placement during MIS in October 2022.

Conclusion

The Minimally Invasive Surgery Market is expected to continue its robust growth through 2030, driven by rising chronic disease rates, technological advancements, and the increasing demand for less invasive surgical procedures. While challenges such as high treatment costs remain, the market is poised to benefit from innovations in robotic surgery and advanced laparoscopic techniques.

As healthcare systems around the world evolve, the global push toward minimally invasive solutions promises to enhance patient outcomes, reduce recovery times, and minimize the risks associated with traditional surgeries.

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