Global minimally invasive surgery market refers to the surgical technique which uses a variety of techniques to operate with less scarring to the body the minimally invasive surgical technique leads to less pain, a shorter hospital stay and fewer complications. Global minimal invasive surgery market generated a revenue of $XX billion in 2018 & is projected to reach $44,999 million by 2027, at a CAGR of 6.54%. The base year considered for the study is 2018 & the estimated period is between 2019 & 2027.

The key factors that are responsible for the market advancement are:

• The rise in the aging population
• Advances in technology
• The increasing prevalence of spinal disorders

Global minimally invasive surgery market is primarily driven by the worldwide rise of the aging population. The increasing technological development coupled with increasing use of laparoscopic procedures in the elderly is fueling the growth of the market. The demand for medical devices in the market is also pushing the market to grow in the forecast period 2019-2027.

In 2018, the hospital’s segment in the minimally invasive surgery market accounted for the largest share of 74.68% in the end-user segment. Minimally surgery market in hospitals is primarily driven by the availability of both inpatient and outpatient services in hospitals coupled with a better organization is boosting the growth of the segment in the forecast period. Growth in the strategic initiatives by the major companies coupled with the low price of raw materials has further boosted the growth of the company.

In count, the increasing inclination for personalized medicine is also spreading the growth projections for this segment coupled with increasing investments in medical devices supply is enhancing the growth of the minimally invasive surgery market in the forecast period 2019-2027. With the growing adoption of minimally invasive techniques, the global market is also facing some challenges. The recent developments in clinical research are pushing the researchers to implement the hazards of the endoscopic procedures and intense competition between companies is affecting the market. Moreover, the high cost of medical devices and the requirement of high funding is deterring the growth of the company.

Report scope of minimally invasive surgery market covers segmentation by product type, end-user, application and region.

Market by Product Type:

•             Surgical Robotics System
  • Surgical System
  • Instruments and Accessories
  • Services & Maintenance
• Conventional Minimally Invasive Surgery
  • Endoscopy
    • Endoscopes and Endoscopic Systems
      • Rigid Endoscopes
        • Arthroscopes
        • Urology Endoscopes
          • Cystoscope
          • Resectoscope
          • Nephroscope
          • 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
    • Video and Visualization Systems
      • Endoscopy Cameras
      • Displays and Monitors
      • Video Converters
      • Video Recorders
      • Video Processors
      • Camera Heads
      • Light Sources
      • Printers
    • Instruments and Accessories
      • Insufflators
      • Irrigation Systems
      • Endoscope Tip Protector, Tubing, Water Systems
      • Procedure Kits
      • Forceps
      • Retrieval Kit
      • Injection Needle
      • Other Instruments and Accessories
    • Other Endoscopy
  • Laparoscopy
    • Laparoscopes and Systems
    • Energy Devices
    • Insufflators
    • Suction or Irrigation Systems
    • Closure Devices
    • Hand Instruments
    • Access Devices
    • Video and Visualization Systems
      • Cameras
      • Displays and Monitors
      • Video Converters
      • Video Recorders
      • Video Processors
      • Camera Heads
      • Light Sources
      • Printers
    • Other Accessories
  • Capsule Endoscopy
    • Workstations and Data Recorders
    • Capsule
    • Other Capsule Endoscopy

Market by End-User:

• Hospitals
• Ambulatory Surgical Centers
• Other End-user

Market by Application:

• Surgical Robotics System by Application
  • General Surgery
  • Gynecology
  • Urology
  • Orthopedics
  • Interventional Cardiology
  • Neurology
  • Other application
• Conventional Minimally Invasive Surgery by Application
  • General Surgery
  • Cardiac Surgery
  • Gynecology Surgery
  • Orthopedic Surgery
  • Urologic Surgery
  • Bariatric Surgery
  • Neurology Surgery

Geographically, the minimally invasive surgery market has been segmented on the basis of four major regions, which are:

• North America Minimally Invasive Surgery Market : the United States & Canada
• Europe Western Minimally Invasive Surgery Market : the United Kingdom, Germany, France, Spain, Italy & Rest of Europe
• Asia Pacific Minimally Invasive Surgery Market: China, India, Japan, Australia, South Korea, & Rest of Asia Pacific
• Rest of World: Latin America, Middle East & Africa

North America is the dominant region for the minimally invasive market with around 39% market share in 2018 in terms of revenue. The dominance of North America is attributed to the fact of the presence of the majority of the key players that are offering the services in the region. The key players are Intuitive Surgical Inc., Boston Scientific, CONMED Corp., and many more. Also, the North America minimally invasive surgery market is rising rapidly owing to the use of advanced medical devices in the forecast period 2019-2027.

According to the American Cancer Society, in 2018, it is estimated that 63,230 new cases of cancer of the ‘body of the uterus’ (uterine body or corpus) will be diagnosed in the United States. The above cases of cancer would require the hysterectomy procedure, however due to the lack of skilled surgeons a challenge rises that limits the growth of the market in the region.

The Asia Pacific is the fastest growing regional market during the forecast period. The fastest growth rate of Asia Pacific is attributed to many factors such as rising of spinal disorders, increase in R&D spending which is boosting the growth of the emerging economies of India, China, Indonesia, Japan, Bangladesh, Philippines & Thailand.

Abbott Laboratories has launched TactiCath Contact Force Ablation Catheter, Sensor Enabled which is used to help physicians accurately and effectively treat atrial fibrillation (AFib) and develop images during cardiac ablation procedures. The development will give rise to launch newer products in the market thereby helping the market to grow.

Global minimally invasive surgery market has been segmented by product, end-user, and application. The end-user industry segment is further sub-segmented into hospitals, ambulatory surgical centers and other end-user.

Product type comprises of surgical robotics system and conventional minimally invasive surgery. Market by surgical robotics system comprises of surgical system, instruments and accessories and services & maintenance. Market by conventional minimally invasive surgery has been segmented into endoscopy, laparoscopy and capsule endoscopy. Market by application has been segmented into general surgery, cardiac surgery, gynecology surgery, orthopedic surgery, urologic surgery, bariatric surgery, and neurology surgery.

The market has a number of players, & some of the key players involved in the global western blotting market are:

• Abbott Laboratories
• Intuitive Surgical Inc.
• Conmed Corp.
• Ethicon Inc.
• Getinge AB
• Hologic Inc.
• And other companies

The company profiles of prominent market players are discussed in detail. Most of the companies are looking for strategies such as merger & acquisition, partnership, contracts, agreements & new product launch, to gain a competitive edge over other companies. For instance, in September 2019, Olympus Corporation launches IPLEX GX/GT industrial video scopes, for manufacturing and maintenance inspection applications ranging from power generation systems to aircraft engines and automobiles.

Key findings of the global western blotting market:

• North America leads the global western blotting market by capturing the largest market share of around 39% in 2018
• The focus of market players is to pace up the R&D capabilities coupled with the innovation of new products
• Asia Pacific global western blotting market is anticipated to grow at the highest CAGR of XX% during the forecast period of 2019-2027
• Growth in the aging population is boosting the growth of the minimally invasive surgery market.
• The demand for surgical robotics system is boosting the growth of the market in the forecast period 2019-2027