Globally, demand for minimally invasive surgeries is gaining rapid traction with growing preference for laparoscopic surgeries, robotic surgeries, and endoscopic mucosal reselection, to name a few. With advancements in the medical and healthcare sector and rise in inclination towards hassle-free surgery options, demand for minimally invasive surgery is forecast to spiral upward in the near future.
As stated in a new report by Fact.MR, the global minimally invasive surgery market will surpass a US$ 10 billion valuation by 2031, with North America, Europe, and Asia Pacific emerging as prominent markets.
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Key Takeaways from Market Study
- High demand for laparoscopic surgeries to be witnessed.
- Orthopedic and cosmetics to emerge as dominant segments in terms of disorder.
- Rise in demand from hospitals to bolster industry growth.
- The United States to lead in North America’s market for minimally invasive surgeries.
- Germany to dominate the market in Europe.
- Asia Pacific to exhibit fastest growth throughout the forecast period.
- China, India, Japan, France, and the United Kingdom to maintain positive industry outlook.
“With increase in demand from clinics, hospitals, and ambulatory surgical centers, players in the minimally invasive surgery space are expected to gain higher revenues in the near future. Additionally, high prevalence of urological, gynecological, and orthopedic disorders is expected to bolster industry growth,” says a Fact.MR analyst.
Rising Requirement from Hospitals Boosting Sales
Minimally invasive surgeries are gaining wide popularity owing to their high relevance and reduced risks. This, in turn, is increasing demand from the hospitals sector. Advancements in hospitals are further spearheading market growth.
According to a report published by Select USA, the medical technology industry is one of the highly progressive industries around the globe, with the United States at the forefront. As stated in the report, the U.S. medical technology industry is set to surpass a valuation of US$ 210 billion by 2031. This gives a glimpse of the high growth scope for minimally invasive surgery equipment suppliers around the world.
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Who is Winning in this Space?
The global minimally invasive surgery market is getting fiercer in terms of competition. In order to maintain their leading positions, key players are launching a wider variety of products more frequently.
- Rutland Medical Center recently launched its new range of Endoscopy of the Upper and Lower Digestive Tract Solution, Gastric & Hernia Surgery Solutions, and others.
- Huntington Hospital launched its new minimally invasive robotic surgery solutions a couple of years back.
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More Valuable Insights
In its latest report, Fact.MR offers an unbiased analysis of the minimally invasive surgery market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of procedure (laparoscopic surgery, robotic surgery, endoscopic mucosal resection, and endoscopic sub-mucosal dissection), disorder (orthopaedic, cosmetic & bariatric, gynaecological, cardiothoracic, gastrointestinal, urological, and others), and end user (hospitals, clinics, ambulatory surgical centers, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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