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Minimally Invasive Surgery (MIS) Market Share Evolution and Market Growth Trends 2024 - 2031

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Market Overview and Report Coverage

Minimally Invasive Surgery (MIS) is a surgical procedure that is performed through small incisions or using specialized instruments to minimize trauma to the body compared to traditional open surgery. The benefits of MIS include shorter recovery times, less pain, reduced risk of infection, and smaller scars.

The future outlook of the Minimally Invasive Surgery (MIS) Market looks promising, with a projected CAGR of 14% during the forecasted period. The market growth analysis suggests a steady increase in demand for MIS procedures driven by advancements in technology, increasing prevalence of chronic diseases, and growing awareness among patients about the benefits of minimally invasive techniques.

Current trends in the MIS market include the adoption of robot-assisted surgery, development of new surgical techniques and devices, and expanding applications of MIS across various medical specialties. With rising healthcare expenditures and a shift towards value-based care, the demand for minimally invasive procedures is expected to continue to grow, making the MIS market a lucrative sector for innovation and investment in the years to come.

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Market Segmentation

The Minimally Invasive Surgery (MIS) Market Analysis by types is segmented into:

  • Handheld Instruments
  • Inflation Systems
  • Cutter Instruments
  • Guiding Devices
  • Electrosurgical Devices
  • Auxiliary Instruments
  • Others

 

Minimally Invasive Surgery (MIS) market includes various types of instruments and devices that are used in surgical procedures with minimal incisions. These types include Handheld Instruments for precise surgical movements, Inflation Systems for creating space within the body, Cutter Instruments for cutting tissues, Guiding Devices for navigation, Electrosurgical Devices for cutting and coagulation, Auxiliary Instruments for support and stabilization, and Others such as sutures, staples, and retrieval devices. These tools contribute to the efficiency and effectiveness of minimally invasive surgeries.

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The Minimally Invasive Surgery (MIS) Market Industry Research by Application is segmented into:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others

 

Minimally Invasive Surgery (MIS) is widely used across hospitals, clinics, ambulatory surgical centers, and other healthcare facilities due to its numerous benefits. Hospitals rely on MIS for a variety of procedures, while clinics find it useful for outpatient surgeries. Ambulatory surgical centers prefer MIS for its cost-effectiveness and quicker recovery times. Other healthcare facilities also utilize MIS for its minimally disruptive approach to surgeries, leading to shorter hospital stays and reduced healthcare costs.

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In terms of Region, the Minimally Invasive Surgery (MIS) Market Players available by Region are:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

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What are the Emerging Trends in the Global Minimally Invasive Surgery (MIS) market?

Some of the emerging and current trends in the global minimally invasive surgery (MIS) market include the increasing adoption of robotic-assisted surgery systems, advancements in surgical techniques and instruments for improved precision and efficiency, growing demand for minimally invasive procedures due to benefits such as shorter recovery times and reduced scarring, and expanding applications of MIS in various medical specialties such as orthopedics, gynecology, and cardiology. Moreover, there is a rising focus on developing innovative technologies, expanding healthcare infrastructure in developing regions, and higher investments in research and development activities to further enhance the capabilities and accessibility of minimally invasive surgeries worldwide.

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Major Market Players

The Minimally Invasive Surgery (MIS) market is highly competitive with key players such as Medtronic, Johnson & Johnson, B. Braun Melsungen, Smith & Nephew, Zimmer Biomet, Abbott Laboratories, Stryker, Applied Medical, Microline Surgicals, and Conmed.

Medtronic, a global leader in medical technology, has a strong presence in the MIS market with a wide range of products for various surgical procedures. The company has shown steady market growth through innovation and strategic acquisitions, such as its recent acquisition of Mazor Robotics, a leader in robotic-assisted surgery.

Johnson & Johnson, another major player in the MIS market, offers a comprehensive portfolio of minimally invasive surgical devices and instruments. The company's focus on research and development has led to the introduction of advanced technologies, such as its Harmonic scalpel system, which has gained popularity among surgeons worldwide.

B. Braun Melsungen and Smith & Nephew are also prominent players in the MIS market with a diverse product line and strong market presence. B. Braun Melsungen's focus on patient safety and cost-effectiveness has contributed to its market growth, while Smith & Nephew's emphasis on innovation and product quality has helped the company maintain a competitive edge.

The global MIS market size is estimated to be around $30 billion, with a compound annual growth rate of approximately 8%. Key trends in the market include the increasing adoption of robotic-assisted surgery, advancements in imaging technologies, and a growing focus on outpatient procedures.

In terms of sales revenue, Medtronic reported revenues of $ billion in 2020, while Johnson & Johnson's medical devices segment generated $27.4 billion in sales. B. Braun Melsungen and Smith & Nephew reported revenues of $8.6 billion and $5.1 billion, respectively, in the same year. These figures highlight the strong market position and growth potential of these key players in the MIS market.

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