Minimally Invasive Surgical Systems Market Scope, Size, Share, Growth Opportunities and Future Strategies 2028

Market Insights

As per recent research by MarkNtel Advisors, The Global Minimally Invasive Surgical Systems Market is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2023-28.

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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.

Market Segmentation and Consumer Behavior:

By Type

Conventional MISS
- Endoscopes and Endoscopic Systems
  - Rigid Endoscopes
    - Laparoscopes
    - Arthroscopes
    - Urology Endoscopes
      - Cystoscopes
      - Resectoscopes
      - Nephroscopes
      - 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
  - Capsule Endoscopy
    - Workstations and Data Recorders
    - Capsules
    - Others (Services and Patency System)
  - Video and Visualization Systems
    - Cameras
      - Single-Chip Cameras
      - 3-Chip Cameras
    - Displays and Monitors
      - Wireless
      - Wired
    - Video Convertors
    - Video Recorders
      - Standalone
      - Inbuilt
    - Video Processors
    - Camera Heads
      - CCD
      - CMOS
    - Light Sources
      - LED
      - XEON
      - Laser
      - Halogen
    - Printers
  - Instruments and Accessories
    - Insufflators
    - Endoscope Tip Protector, Tubing, Water Systems
    - Procedure Kits
    - Forceps
    - Retrieval Kits
    - Injection Needles
    - Energy Devices
    - Closure Devices
    - Hand Instruments
    - Access Devices
    - Others
  - Others
- Surgical Robotics
  - Systems
  - Instruments & Accessories
  - Services

By Application

Urology Surgery
Gynecology Surgery
General Surgery
Cardiovascular Surgery
Orthopedic Surgery
Head and Neck Surgery (Neurosurgery)
Others (Biopsy, Hair, etc.)

By End Users

Hospitals
Ambulatory Surgical Centers
Specialty Clinics

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Minimally Invasive Surgical Systems Market Geographical Analysis:

By Region:

North America
South America
Europe
Middle East & Africa
Asia Pacific

Key Players and Competitive Strategies in the Minimally Invasive Surgical Systems Market

Several prominent players dominate the Minimally Invasive Surgical Systems Market, including:

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
Reinshaw 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
Siemens Healthcare GmbH

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Questions Addressed in this Study

1.What factors are driving the Minimally Invasive Surgical Systems Market growth?

2.How is the Minimally Invasive Surgical Systems Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Minimally Invasive Surgical Systems Market?

4.What is the current size of the Minimally Invasive Surgical Systems Market, and how is it projected to change in the future?

5.What is the future outlook for the Minimally Invasive Surgical Systems Market in terms of technological advancements and market expansion?

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