Minimally Invasive Surgical Instruments Market Size to Reach USD 45 Billion by 2030

The global minimally invasive surgical instruments market size was valued at US$ 22 billion in 2021 and is anticipated to grow at a CAGR of 10.5% during forecast period 2022 to 2030. The global minimally invasive surgical instruments market size is expected to reach USD 45 billion by 2030.

Growth Factors

Minimally invasive surgeries are much less traumatic than conventional open surgeries. Traditional surgeries performed with conventional laparoscopic instruments can be traumatic and complex. Minimally invasive laparoscopic cameras are inserted through smaller incisions and specialized smaller instruments are used to perform the operation. The healing process is less painful and patients can recover fastest after minimally invasive surgeries.

The minimally invasive surgical (MIS) instruments market is constantly transforming based on innovative advancements, especially in the fields of cardiac, orthopedic, ophthalmic, neurological, and oral surgical procedures. The consistent technological advancements in this field provide higher-quality instruments that allow the surgeons to perform the surgical interventions efficiently without sacrificing patient safety. The improved product designs provide a level of control and accuracy in the operating room.

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Optical engineering, and imaging technology are used to visualize tissue handling at inaccessible internal spots. Virtual reality (VR) scheme is a significant area of development in imaging technology in the MIS field. VR helps to evaluate various conditions and treatment alternatives on virtual patients before the actual treatment technique is performed in a care setting. Advancements in instrumentation and video imaging are likely to renovate several procedures in various surgical specialties from open to endoscopic surgeries. MIS techniques have been used to reduce the complications related to open exposures such as infection and wound post lumbar spine fusion surgery.

Ambulatory centers are increasingly preferred for performing minimally invasive procedures as they facilitate same-day-discharge to patients. The Centers of Medicare & Medicaid Services (CMS) requires ambulatory centers to meet the specific criteria to be Medicare certified. The CMS requirements include patient care, facility design, and operational excellence.

Scope of the Report

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Report Highlights

handheld instruments segment dominated the minimally invasive surgical instruments market in terms of revenue share. Handheld instruments used in MIS techniques target at reducing the amount of damage to extraneous tissues surgical procedures, thereby speeding patient recovery time and reducing discomfort & side effects. Most of the instruments in MIS market are single-use products.

Handheld instruments market is driven by technological innovations and their growing adoption in minimally invasive surgeries. For instance, a low-cost mechanical instrument has been developed recently to perform minimally invasive laparoscopic surgeries. These handheld devices can be either mechanical, robotic, or semi-automated. Handheld devices ensure easier access during surgery with instrument triangulation, thereby reducing the risk of potential mistakes. Key market players of handheld instruments include Medtronic, Aesculap, Inc., Stryker, and CONMED Corporation.

Orthopedic segment dominated the MIS application market in terms of revenue share in 2020. In orthopedic MIS procedures, no muscles need to be cut or separated from the bone. Therefore, this approach has led to improved patient satisfaction and faster healing process.

Cardiac surgery is one of the key factors boosting the adoption of minimally invasive surgeries. Minimally invasive surgeries have various potential benefits over conventional surgeries such as minimal blood loss, reduction in pain & trauma, minimal risk of infection, lesser or smaller noticeable scars, faster recovery, shorter duration of hospitalization, and quicker return to normal activities. Rising incidence of cardiovascular diseases is one of the significant factors leading to an increase in the adoption of minimally invasive surgeries over conventional ones owing to the various advantages of these surgeries.

The hospital segment held majority of the market share in terms of revenue share in 2020. On the other hand, are expected to witness the fastest growth rate over the forecast period. Currently, over 5,500 Medicare certified ambulatory surgical centers are present in the U.S. Ambulatory surgical centers offer surgeries to patients at lower costs and greater flexibility of scheduling as compared to hospitals. Also referred to as same-day surgery centers, these medical facilities discharge patients after minor surgeries.

The demand for outpatient surgeries is likely to grow dramatically in the coming years. The growth in ambulatory surgical centers can be attributed to several factors including rise in minimally invasive procedures, advancement in the field of anesthesia, enhanced patient experiences, legislative changes, and economic pressures. To encourage the use of ambulatory surgical centers, Medicare waived the part B deductible for beneficiaries.

North America dominated the regional segment of MIS market in 2020 due to the high rate of unintentional injuries and large geriatric population. According to a report by the Organization for Economic Co-operation and Development (OECD), per capita healthcare expenditure in the U.S. is higher than all the other countries in the world. In addition, patients in the U.S. have an ability to choose methods of treatment as well as the providers. This is likely to have a positive impact on MIS market in North America.

Key Players

Medtronic, Stryker, Smith & Nephew, Abbott, NuVasive, Inc., CONMED, Zimmer Biomet, Intuitive Surgical, Inc., etc.

Market Segmentation

• Device Outlook
  • Handheld Instruments
  • Inflation Devices
  • Cutter Instruments
  • Guiding Devices
  • Electrosurgical Devices
  • Auxiliary Devices
  • Monitoring & Visualization Devices
• Application Outlook
  • Cardiac
  • Gastrointestinal
  • Orthopedic
  • Vascular
  • Gynecological
  • Urological
  • Thoracic
  • Cosmetic
  • Dental
  • Others
• End Use Outlook
  • Hospitals & Clinics
  • Ambulatory Surgical Centers
• Regional Outlook
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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