Global Minimally Invasive Non Invasive Product Service Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 136.00 Million |
 Market Size (Forecast Year) |
USD 216.76 Million |
 CAGR |
% |
| Major Markets Players |
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Global Minimally Invasive and Non-Invasive Product and Service Market, by Product (Surgical Devices, Medical Robotics, Monitoring and Visualization Systems, Electrosurgical and Auxiliary Equipment, and Endosurgical Equipment), Surgery (Cosmetic, Gastrointestinal, Gynecological, Urological, Thoracic, Cardiac, Vascular and Orthopedic Surgeries), Technology (Non-Visual Imaging, Trans Catheter Surgery, and Laparoscopic Surgery), End-User (Hospital Surgical Departments, Surgery Centers, Individual Surgeons, Medical Schools, and Others) – Industry Trends and Forecast to 2030.
Minimally Invasive and Non-Invasive Product and Service Market Analysis and Size
The increase in the prevalence of chronic diseases is anticipated to enhance the demand for the market. Furthermore, the increasing pressure for greater healthcare value is further anticipated to accelerate the market size. The growing rate of the launch of new products and numerous market players' increasing number of product approvals for gaining a larger market share is expected to create huge growth opportunities during the forecast period 2023-2030.
Data Bridge Market Research analyses that the minimally invasive and non-invasive product and service market, which was USD 136.00 million in 2022, would rise to USD 216.76 million by 2030 and is expected to undergo a CAGR of 6% during the forecast period from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Minimally Invasive and Non-Invasive Product and Service Market Scope and Segmentation
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Report Metric |
Details |
|
Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015 - 2020) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Product (Surgical Devices, Medical Robotics, Monitoring and Visualization Systems, Electrosurgical and Auxiliary Equipment and Endosurgical Equipment), Surgery (Cosmetic, Gastrointestinal, Gynecological, Urological, Thoracic, Cardiac, Vascular and Orthopedic Surgeries), Technology (Non-Visual Imaging, Trans Catheter Surgery and Laparoscopic Surgery), End-User (Hospital Surgical Departments, Surgery Centers, Individual Surgeons, Medical Schools, and Others) |
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Countries Covered |
U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Stryker (U.S.), HOYA Corporation (Japan), CONMED Corporation (U.S.), Intuitive Surgical (U.S.), NuVasive, Inc. (U.S.), Microline Surgical (U.S), Cirtec (U.S.), Arthrex, Inc. (Germany), B. Braun Melsungen, AG (Germany), Medtronic (Ireland), Johnson & Johnson Services, Inc. (U.S.), Abbott (U.S.), Zimmer Biomet (U.S.), Smith+Nephew (U.K.), Applied Medical Resources Corporation (U.S.), Silex Medical, LLC (U.S.), KARL STORZ (Germany) |
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Market Opportunities |
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Market Definition
The minimum invasive and non-invasive operation is known to have the slightest incision within the flesh or no instrumentation. This surgery is a technique with fewer complications, reduced hospital stay, and less pain. Minimally invasive surgical procedures are widely used in various surgeries, such as gastroenterology, heart surgery, cardiothoracic surgery, and gastroesophageal reflux disease.
Global Minimally Invasive and Non-Invasive Product and Service Market Dynamics
Drivers
- Increasing Prevalence of Chronic Diseases
Increasing exposure to chronic disease increases the need for minimally invasive surgery for patients that involves patients benefit from less post-operative pain, reduced complications, faster recovery times, less scarring, a shorter hospital stay, and less stress to the immune system. For instance, a research report published by American Action Forum in 2020 stated the incidence and cost of chronic disease in the U.S. are increasing. They will continue to grow as the disease incidence among young people and children rises. Various chronic diseases demand a high need for minimally invasive procedures. Thus, this factor boosts market growth.
- Increasing Technological Advancements by Market Players
Various companies operating in the minimally invasive surgery market are focused on developing new technological solutions, such as advances in robotics, optics, computer systems, and others. For instance, Ethicon, a U.S.-based advanced medical device company for minimally invasive and open surgical procedures, launched an ECHELONTM+ stapler with GST reloads in 2021. This technology has fascinating surface technology (GST) reloads for more consistent compression to better capture and form staples and a new motor with dynamic firing, which optimizes firing speed in thick tissue to improve compression. This is anticipated to impact the market growth positively.
Opportunities
- Increasing Demand for Handheld Instruments
A huge demand for handheld instruments is boosted by technological innovations and their rising adoption in minimally invasive surgeries. For instance, a low-cost mechanical instrument has recently been launched to perform minimally invasive laparoscopic surgeries. These handheld devices can be either robotic, mechanical, or semi-automated. Handheld devices guarantee easier access during surgery, therefore reducing the risk of potential mistakes. Thus, this factor boosts market growth.
Restraints/Challenges
- Emerging Nature of Minimally Invasive Procedure
The main disadvantage of minimally invasive surgery is its freshness. Since it hasn't been around as long as traditional surgery, developments are yet to be made. Further, minimally invasive surgery demands a higher level of training, and insufficient training can lead to further complications. Therefore, these factors hamper the market growth.
This minimally invasive and non-invasive product and service market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the minimally invasive and non-invasive product and service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2021, Olympus Corporation, in collaboration with Veran Medical Technologies Inc., launched the U.S. bronchoscopy portfolio of the 510(k)-cleared H-SteriScope Single-Use Bronchoscopes, a line of five premium endoscopes. It is widely used in advanced diagnostic and therapeutic processes.
Global Minimally Invasive and Non-Invasive Product and Service Market scope
The minimally invasive and non-invasive product and service market is segmented on the basis of product, surgery, technology, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Surgical Devices
- Medical Robotics
- Monitoring and Visualization Systems
- Electrosurgical and Auxiliary Equipment
- Endosurgical Equipment
Surgery
- Cosmetic
- Gastrointestinal
- Gynecological
- Urological
- Thoracic
- Cardiac
- Vascular and Orthopedic Surgeries
Technology
- Non-Visual Imaging
- Trans Catheter Surgery
- Laparoscopic Surgery
End-User
- Hospital Surgical Departments
- Surgery Centers
- Individual Surgeons
- Medical Schools
- Others
Minimally Invasive and Non-Invasive Product and Service Market Regional Analysis/Insights
The minimally invasive and non-invasive product and service market is analyzed and market size insights and trends are provided by product, surgery, technology, and end-user as referenced above.
The countries covered in the minimally invasive and non-invasive product and service market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the minimally invasive and non-invasive product and service market due to the increase in the elderly population. Additionally, the decrease in hospitalization compared to standard surgeries will enhance the growth of the region's minimally invasive and non-invasive product and service market during the forecast period 2023-2030.
Asia-Pacific is expected to witness significant growth because of the increase in the healthcare infrastructure. Furthermore, the incidence of major key players is further expected to boost the growth of the region's minimally invasive and non-invasive product and service market in the upcoming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The minimally invasive and non-invasive product and service market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for minimally invasive and non-invasive product and service market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the minimally invasive and non-invasive product and service market. The data is available for historic period 2011-2021.
Competitive Landscape and Minimally Invasive and Non-Invasive Product and Service Market Share Analysis
The minimally invasive and non-invasive product and service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to minimally invasive and non-invasive product and service market.
Some of the major players operating in the minimally invasive and non-invasive product and service market are:
- Stryker (U.S.)
- HOYA Corporation (Japan)
- CONMED Corporation (U.S.)
- Intuitive Surgical (U.S.)
- NuVasive, Inc. (U.S.)
- Microline Surgical (U.S)
- Cirtec (U.S.)
- Arthrex, Inc. (Germany)
- B. Braun Melsungen, AG (Germany)
- Medtronic (Ireland)
- Johnson & Johnson Services, Inc. (U.S.)
- Abbott (U.S.)
- Zimmer Biomet (U.S.)
- Smith+Nephew (U.K.)
- Applied Medical Resources Corporation (U.S.)
- Silex Medical, LLC (U.S.)
- KARL STORZ (Germany)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
