Global Minimally Invasive Surgical Instrument Market Insights Forecasts to 2033

• The Global Minimally Invasive Surgical Instrument Market Size was Valued at USD 30.5 Billion in 2023
• The Market Size is Growing at a CAGR of 8.74% from 2023 to 2033
• The Worldwide Minimally Invasive Surgical Instrument Market Size is Expected to Reach USD 70.5 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Global Minimally Invasive Surgical Instrument Market Size is Anticipated to Exceed USD 70.5 Billion by 2033, Growing at a CAGR of 8.74% from 2023 to 2033.

Market Overview

Minimally invasive surgical instruments are specialized tools and devices designed to perform surgical procedures through small incisions or natural body openings, minimizing the damage to surrounding tissue and reducing patient recovery time. It aims to minimize patient trauma, decrease recovery time, and reduce the risk of complications. These instruments are designed to provide surgeons with precise control and access during procedures, utilizing small incisions and advanced technology to perform surgery with greater accuracy and efficiency. Minimally invasive surgery (MIS) is redefining the field of surgery including laparoscopy (surgery through small holes), endoscopy (diagnostic and therapeutic procedures performed through the body’s organs and vessels), and robotic surgery. The advancement of robotic-assisted surgery, artificial intelligence (AI)-guided surgery, and imaging technologies appears to be promising in the future of minimally invasive surgical instruments. These innovations will enable expert surgeons to operate on patients remotely, offer real-time 3D images that enhance surgical site accuracy, and improve results. Minimally invasive surgical instruments are likely to become the preferred choices with the emerging cost-effective solutions in the healthcare systems.

Report Coverage

This research report categorizes the market for the global minimally invasive surgical instrument market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global Minimally Invasive Surgical Instrument market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global minimally invasive surgical instrument market.

Driving Factors

The rising prevalence of chronic diseases, obesity rate, and geriatric population necessitates surgery with minimum invasive procedures as these are safer and more tolerable. The growing technological advancement and innovation in minimally invasive surgeries are anticipated to drive market growth. Further, the increasing number of new product launches and a growing number of product approvals by several market players are responsible for driving the market. Additionally, the growing investments in healthcare infrastructure with the rising awareness among patients about minimally invasive surgeries are also contributing to driving the global minimally invasive surgical instrument market.

Restraining Factors

The high cost of surgical instruments and limited access to trained professionals are restraining the global minimally invasive surgical instrument market. In addition, the preference for traditional open surgeries in certain cases hinders market growth.

Market Segmentation

The global minimally invasive surgical instrument market share is classified into device, type of surgery, and end user.

• The handheld instruments segment dominated the market with the largest market share in 2023.

Based on the device, the global minimally invasive surgical Instrument market is categorized into handheld instruments, inflation devices, surgical scopes, cutting instruments, guiding devices, electrosurgical & electrocautery instruments, and others. Among these, the handheld instruments segment dominated the market with the largest market share in 2023. Several handheld instruments like grasper, retractors/elevators, suturing instruments, and dilators assist surgeons in performing minimally invasive procedures with precision and control. The rising number of surgical procedures and the technological innovations in handheld instruments drive the market growth.

• The cardiothoracic surgery segment is expected to hold the largest share of the global minimally invasive surgical Instrument market during the forecast period.   

Based on the type of surgery, the global minimally invasive surgical Instrument market is categorized into cardiothoracic surgery, gastrointestinal surgery, orthopedic surgery, gynecological surgery, cosmetic & bariatric surgery, urological surgery, and others. Among these, the cardiothoracic surgery segment is expected to hold the largest share of the global minimally invasive surgical instrument market during the forecast period. Cardiothoracic surgery refers to the surgical treatment of organs inside the thoracic cavity, related to heart, lung, and pleural or mediastinal structures. The rising cases of cardiac disorders and the adoption of newer technologies to perform cardiovascular surgeries are propelling the market demand for cardiothoracic surgery.

• The hospitals and specialty clinics segment dominated the market in 2023.

Based on the end user, the global minimally invasive surgical instrument market is categorized into hospitals & specialty clinics, and ambulatory surgery centers. Among these, the hospitals and specialty clinics segment dominated the market in 2023. The rising adoption of minimally invasive surgical instruments in hospitals and specialty clinics, the presence of highly skilled healthcare professionals, and access to technologically developed surgical facilities are the factors mediating the use of minimally invasive instruments in hospitals and specialty clinics.

Regional Segment Analysis of the Global Minimally Invasive Surgical Instrument Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global minimally invasive surgical Instrument market over the predicted timeframe.

North America is projected to hold the largest share of the global minimally invasive surgical instrument market over the forecast period. The presence of well-established healthcare infrastructure and the rising prevalence of chronic diseases in the region is driving the market growth. Further, favorable government reimbursement policies are contributing to market growth. The increasing number of collaborations among the companies is creating lucrative market growth opportunities in the region.

Asia-Pacific is expected to grow at the fastest CAGR growth of the global minimally invasive surgical Instrument market during the forecast period. The increasing prevalence of chronic diseases with the increasing number of hospitals and doctors in the region is driving the market growth. The growing number of surgical treatments and favorable government policies are contributing to the market growth. Due to the growing adaptability of regulatory policies and the presence of key market players, there is driving market growth in the region. 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global minimally invasive surgical instrument market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Johnson & Johnson
• Medtronic
• Intuitive Syrgical
• Abbott Laboratories
• Koninklijke Philips
• Stryker Corporation
• Boston Scientific Corporation
• Siemens Healthineer AG
• GE Healthcare
• Nuvasive, Inc.
• Zimmer Biomet
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2022, Ethicon, part of Johnson & Johnson MedTech, announced the U.S. launch of the ECHELON 3000 Stapler, a digitally enabled device that provides surgeons with simple, one-handed powered articulation.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global minimally invasive surgical instrument market based on the below-mentioned segments: 

Global Minimally Invasive Surgical Instrument Market, By Device

• Handheld Instruments
• Inflation Devices
• Surgical Scopes
• Cutting Instruments
• Guiding Devices
• Electrosurgical & Electrocautery Instruments
• Others

Global Minimally Invasive Surgical Instrument Market, By Type of Surgery

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

Global Minimally Invasive Surgical Instrument Market, By End User

• Hospitals & Specialty Clinics
• Ambulatory Surgery Centers

Global Minimally Invasive Surgical Instrument Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa