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Minimally Invasive Surgical Instruments Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 170 Pages
  • January 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5934400
Description Jump to:
The global minimally invasive surgical instruments market is experiencing robust growth, driven by factors such as the rising geriatric population, increased demand for surgeries among this demographic, and the numerous advantages of minimally invasive procedures over traditional surgeries. This trend is further fueled by technological innovations and the growing popularity of medical tourism in developing countries. However, concerns about surgical quality and improper sterilization procedures are challenging the market's growth.

According to the publisher, the global minimally invasive surgical instruments market is projected to reach approximately US$37.15 billion by 2031, with a promising Compound Annual Growth Rate (CAGR) during the assessment period.

North America Market Dominance

The North American region is poised to dominate the global minimally invasive surgical instruments market in terms of value, with a sustained growth trend projected throughout the assessment period. The North American market is considered the most attractive, displaying a robust CAGR.

Handheld Instruments Segment Flourishes

The handheld instruments segment is forecasted to achieve a value of around US$5.6 billion in 2024, signifying a strong CAGR between 2024 and 2031. This segment is expected to account for over one-fourth of the total revenue share within the product type segment by the end of 2024, with further gains in market share anticipated by 2031.

Hospitals Drive Market Growth

Hospitals are set to play a significant role in the growth of the minimally invasive surgical instruments market, exhibiting a CAGR of more than 7% during the assessment period, with a projected figure of about US$14 billion in 2024. This end-user segment is estimated to account for nearly three-fourths of the total revenue share within its category by the end of 2024, and it is expected to gain further market share by 2031.

Key Players in the Industry

Prominent companies contributing to the expansion of the global minimally invasive surgical instruments market through 2024 include Medtronic Plc., Aesculap, Inc., B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew Plc., Abbott Laboratories Inc., Boston Scientific Corporation, CONMED Corporation, Microline Surgical, Inc., and Zimmer Biomet Holdings, Inc.

The global minimally invasive surgical instruments market continues to demonstrate substantial growth potential, driven by advancements in technology and the increasing adoption of these procedures worldwide. While challenges persist, the industry's commitment to innovation and quality assurance ensures a promising future.

Market Segmentation

Product Type

  • Handheld Instruments
  • Inflation Systems
  • Cutter Instruments
  • Guiding Devices
  • Electrosurgical Devices
  • Auxiliary Instruments
  • Other Products

End User

  • Hospitals
  • Clinics
  • Academic and Research Institutes

Application

  • Cardiothoracic Surgery
  • Gastrointestinal Surgery
  • Orthopedic Surgery
  • Gynecological/Urological Surgery
  • Cosmetic/Bariatric Surgery
  • Others

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific excluding Japan
  • Middle East and Africa


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Table of Contents

1. Executive Summary
1.1. Global Minimally Invasive Surgical Instruments Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Minimally Invasive Surgical Instruments Market Outlook, 2018 - 2031
3.1. Global Minimally Invasive Surgical Instruments Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Handheld Instruments
3.1.1.2. Inflation Systems
3.1.1.3. Cutter Instruments
3.1.1.4. Guiding Devices
3.1.1.5. Electrosurgical Devices
3.1.1.6. Auxiliary Instruments
3.2. Global Minimally Invasive Surgical Instruments Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Cardiothoracic Surgery
3.2.1.2. Gastrointestinal Surgery
3.2.1.3. Orthopedic Surgery
3.2.1.4. Gynecological/Urological Surgery
3.2.1.5. Cosmetic/Bariatric Surgery
3.2.1.6. Others
3.3. Global Minimally Invasive Surgical Instruments Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Hospitals
3.3.1.2. Academic and Research Institutes
3.3.1.3. Clinics
3.4. Global Minimally Invasive Surgical Instruments Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Minimally Invasive Surgical Instruments Market Outlook, 2018 - 2031
4.1. North America Minimally Invasive Surgical Instruments Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Handheld Instruments
4.1.1.2. Inflation Systems
4.1.1.3. Cutter Instruments
4.1.1.4. Guiding Devices
4.1.1.5. Electrosurgical Devices
4.1.1.6. Auxiliary Instruments
4.2. North America Minimally Invasive Surgical Instruments Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Cardiothoracic Surgery
4.2.1.2. Gastrointestinal Surgery
4.2.1.3. Orthopedic Surgery
4.2.1.4. Gynecological/Urological Surgery
4.2.1.5. Cosmetic/Bariatric Surgery
4.2.1.6. Others
4.3. North America Minimally Invasive Surgical Instruments Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Hospitals
4.3.1.2. Academic and Research Institutes
4.3.1.3. Clinics
4.4. North America Minimally Invasive Surgical Instruments Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
4.4.1.2. U.S. Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
4.4.1.3. U.S. Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
4.4.1.4. Canada Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
4.4.1.5. Canada Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
4.4.1.6. Canada Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Minimally Invasive Surgical Instruments Market Outlook, 2018 - 2031
5.1. Europe Minimally Invasive Surgical Instruments Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Handheld Instruments
5.1.1.2. Inflation Systems
5.1.1.3. Cutter Instruments
5.1.1.4. Guiding Devices
5.1.1.5. Electrosurgical Devices
5.1.1.6. Auxiliary Instruments
5.2. Europe Minimally Invasive Surgical Instruments Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Cardiothoracic Surgery
5.2.1.2. Gastrointestinal Surgery
5.2.1.3. Orthopedic Surgery
5.2.1.4. Gynecological/Urological Surgery
5.2.1.5. Cosmetic/Bariatric Surgery
5.2.1.6. Others
5.3. Europe Minimally Invasive Surgical Instruments Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Hospitals
5.3.1.2. Academic and Research Institutes
5.3.1.3. Clinics
5.4. Europe Minimally Invasive Surgical Instruments Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
5.4.1.2. Germany Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
5.4.1.3. Germany Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
5.4.1.4. U.K. Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
5.4.1.5. U.K. Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
5.4.1.6. U.K. Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
5.4.1.7. France Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
5.4.1.8. France Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
5.4.1.9. France Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
5.4.1.10. Italy Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
5.4.1.11. Italy Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
5.4.1.12. Italy Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
5.4.1.13. Turkey Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
5.4.1.14. Turkey Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
5.4.1.15. Turkey Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
5.4.1.16. Russia Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
5.4.1.17. Russia Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
5.4.1.18. Russia Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
5.4.1.19. Rest of Europe Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
5.4.1.20. Rest of Europe Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
5.4.1.21. Rest of Europe Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Minimally Invasive Surgical Instruments Market Outlook, 2018 - 2031
6.1. Asia Pacific Minimally Invasive Surgical Instruments Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Handheld Instruments
6.1.1.2. Inflation Systems
6.1.1.3. Cutter Instruments
6.1.1.4. Guiding Devices
6.1.1.5. Electrosurgical Devices
6.1.1.6. Auxiliary Instruments
6.2. Asia Pacific Minimally Invasive Surgical Instruments Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Cardiothoracic Surgery
6.2.1.2. Gastrointestinal Surgery
6.2.1.3. Orthopedic Surgery
6.2.1.4. Gynecological/Urological Surgery
6.2.1.5. Cosmetic/Bariatric Surgery
6.2.1.6. Others
6.3. Asia Pacific Minimally Invasive Surgical Instruments Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Hospitals
6.3.1.2. Academic and Research Institutes
6.3.1.3. Clinics
6.4. Asia Pacific Minimally Invasive Surgical Instruments Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. China Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
6.4.1.2. China Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
6.4.1.3. China Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
6.4.1.4. Japan Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
6.4.1.5. Japan Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
6.4.1.6. Japan Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
6.4.1.7. South Korea Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
6.4.1.8. South Korea Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
6.4.1.9. South Korea Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
6.4.1.10. India Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
6.4.1.11. India Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
6.4.1.12. India Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
6.4.1.13. Southeast Asia Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
6.4.1.14. Southeast Asia Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
6.4.1.15. Southeast Asia Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
6.4.1.16. Rest of Asia Pacific Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
6.4.1.17. Rest of Asia Pacific Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
6.4.1.18. Rest of Asia Pacific Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Minimally Invasive Surgical Instruments Market Outlook, 2018 - 2031
7.1. Latin America Minimally Invasive Surgical Instruments Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Handheld Instruments
7.1.1.2. Inflation Systems
7.1.1.3. Cutter Instruments
7.1.1.4. Guiding Devices
7.1.1.5. Electrosurgical Devices
7.1.1.6. Auxiliary Instruments
7.2. Latin America Minimally Invasive Surgical Instruments Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
7.2.1. Key Highlights
7.2.1.1. Cardiothoracic Surgery
7.2.1.2. Gastrointestinal Surgery
7.2.1.3. Orthopedic Surgery
7.2.1.4. Gynecological/Urological Surgery
7.2.1.5. Cosmetic/Bariatric Surgery
7.2.1.6. Others
7.3. Latin America Minimally Invasive Surgical Instruments Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Hospitals
7.3.1.2. Academic and Research Institutes
7.3.1.3. Clinics
7.4. Latin America Minimally Invasive Surgical Instruments Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
7.4.1.2. Brazil Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
7.4.1.3. Brazil Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
7.4.1.4. Mexico Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
7.4.1.5. Mexico Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
7.4.1.6. Mexico Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
7.4.1.7. Argentina Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
7.4.1.8. Argentina Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
7.4.1.9. Argentina Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
7.4.1.10. Rest of Latin America Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
7.4.1.11. Rest of Latin America Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
7.4.1.12. Rest of Latin America Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Minimally Invasive Surgical Instruments Market Outlook, 2018 - 2031
8.1. Middle East & Africa Minimally Invasive Surgical Instruments Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Handheld Instruments
8.1.1.2. Inflation Systems
8.1.1.3. Cutter Instruments
8.1.1.4. Guiding Devices
8.1.1.5. Electrosurgical Devices
8.1.1.6. Auxiliary Instruments
8.2. Middle East & Africa Minimally Invasive Surgical Instruments Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Cardiothoracic Surgery
8.2.1.2. Gastrointestinal Surgery
8.2.1.3. Orthopedic Surgery
8.2.1.4. Gynecological/Urological Surgery
8.2.1.5. Cosmetic/Bariatric Surgery
8.2.1.6. Others
8.3. Middle East & Africa Minimally Invasive Surgical Instruments Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. Hospitals
8.3.1.2. Academic and Research Institutes
8.3.1.3. Clinics
8.4. Middle East & Africa Minimally Invasive Surgical Instruments Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
8.4.1.2. GCC Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
8.4.1.3. GCC Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
8.4.1.4. South Africa Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
8.4.1.5. South Africa Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
8.4.1.6. South Africa Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
8.4.1.7. Egypt Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
8.4.1.8. Egypt Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
8.4.1.9. Egypt Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
8.4.1.10. Nigeria Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
8.4.1.11. Nigeria Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
8.4.1.12. Nigeria Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
8.4.1.13. Rest of Middle East & Africa Minimally Invasive Surgical Instruments Market by Product Type, Value (US$ Bn), 2018 - 2031
8.4.1.14. Rest of Middle East & Africa Minimally Invasive Surgical Instruments Market by Application, Value (US$ Bn), 2018 - 2031
8.4.1.15. Rest of Middle East & Africa Minimally Invasive Surgical Instruments Market End User, Value (US$ Bn), 2018 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Product Type vs End User Heatmap
9.2. Manufacturer vs End User Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Medtronic PLC
9.5.1.1. Company Overview
9.5.1.2. Product Type Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Aesculap, Inc.
9.5.2.1. Company Overview
9.5.2.2. Product Type Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. B. Braun Melsungen Ag
9.5.3.1. Company Overview
9.5.3.2. Product Type Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. Stryker Corporation
9.5.4.1. Company Overview
9.5.4.2. Product Type Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. Smith & Nephew PLC
9.5.5.1. Company Overview
9.5.5.2. Product Type Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. Abbott Laboratories
9.5.6.1. Company Overview
9.5.6.2. Product Type Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Microline Surgicals, Inc.
9.5.7.1. Company Overview
9.5.7.2. Product Type Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. Zimmer Biomet Holdings, Inc.
9.5.8.1. Company Overview
9.5.8.2. Product Type Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

  • Medtronic PLC
  • Aesculap, Inc.
  • B. Braun Melsungen Ag
  • Stryker Corporation
  • Smith & Nephew PLC
  • Abbott Laboratories
  • Microline Surgicals, Inc.
  • Zimmer Biomet Holdings, Inc.

Methodology

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