The latest report by MarkNtel Advisors, titled “Minimally Invasive Surgical Systems Market Report By Application (Urology Surgery, Gynecology Surgery, General Surgery, Cardiovascular Surgery, Orthopedic Surgery, Head and Neck Surgery (Neurosurgery), Others (Biopsy, Hair, etc.)), By End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), other and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Minimally Invasive Surgical Systems Market research report.
What is the market outlook for Minimally Invasive Surgical Systems?
The Global Minimally Invasive Surgical Systems Market is projected to grow at a CAGR of around 7.5% during the forecast period, 2023-28.
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Major Companies Operating in the Minimally Invasive Surgical Systems Industry:
Auris Health, Inc. (Johnson & Johnson), Boston Scientific Corporation, Cook Medical, Corindus Vascular Robotics Inc, Intuitive Surgical Inc, Medrobotics Corporation, Medtech SA (Zimmer Biomet Holdings, Inc.), Mazor Robotics Ltd., Olympus Corporation, Renishaw Plc, Restoration Robotics Inc, Smith & Nephew Plc, Stereotaxis Inc, Mako Surgical Corp (Stryker Corporation), Think Surgical Inc., TransEnterix, Inc., Richard Wolf GmbH, Pentax Medical (Hoya Corporation), Fujifilm Holdings Corporation, and Siemens Healthcare GmbH.
Minimally Invasive Surgical Systems Market Report Segmentation:
By Application
-Urology Surgery
-Gynecology Surgery
-General Surgery
-Cardiovascular Surgery
-Orthopedic Surgery
-Head and Neck Surgery (Neurosurgery)
-Others (Biopsy, Hair, etc.)
- Among these, Orthopedic Surgery held the largest share in the Global Minimally Invasive Surgical Systems Market over the past few years.
By End Users
-Hospitals
-Ambulatory Surgical Centers
-Specialty Clinics
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Regional Insights:
- North America: USA, Canada
- Europe: Germany, UK, France, Italy, Spain, Russia
- Asia-Pacific: China, India, Japan, South Korea
- South America: Brazil, Argentina, Mexico
- Middle East & Africa: UAE, Saudi Arabia, Israel
Key Driver: Rising Prevalence of Chronic Diseases worldwide
The demand for MIS procedures is anticipated to rise due to the rising prevalence of chronic diseases. Unfortunately, chronic conditions, usually caused by a changing lifestyle, poor eating habits, and failure to maintain a healthy weight, are rarely curable and manageable.
A few longer-lasting chronic infections increase cancer risk, necessitating minimally invasive surgery with the growing awareness of such deadly diseases. Patients who undergo this type of surgery experience fewer complications, less post-operative pain, shorter hospital stays, quicker recovery times, fewer scars, and less immune system stress.
For instance, a report released by American Action Forum in September 2020 revealed that the prevalence and cost of chronic disease in the United States are increasing and will continue to rise as the disease’s prevalence among children and young adults grows. Further, chronic disease is a major healthcare problem in the United States, where its total annual expense is rising and now equals $3.7 trillion, or roughly 19.6 percent of the country’s GDP. Therefore, the MIS systems market is expanding as chronic illnesses become more common.
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