The global minimally invasive surgery (MIS) market is one of the fastest-growing segments in the healthcare industry. As of 2023, the market size stood at approximately USD 48.85 billion, and it is projected to grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2032, reaching USD 96.04 billion by 2032. This growth is primarily driven by technological advancements, an increasing preference for minimally invasive procedures, and the rising prevalence of chronic diseases. In this blog post, we will explore the current market trends, size, growth factors, COVID-19 impact, segments, and forecast for the coming years.
What is Minimally Invasive Surgery?
Minimally invasive surgery refers to surgical procedures performed with small incisions, allowing surgeons to access internal organs or tissues without the need for large cuts. This technique often uses advanced technologies such as endoscopy, robotic surgery, and laparoscopy. MIS procedures are less invasive, reduce recovery time, and minimize post-operative complications compared to traditional open surgery.
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Market Overview: Share & Size
The global minimally invasive surgery market was valued at USD 48.85 billion in 2023 and is expected to grow steadily through 2032. The market share is divided across various sectors, including equipment and instruments, procedure types, and regional markets.
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Minimally Invasive Surgery Market Share by Product: The instruments and devices segment dominates the market, contributing the highest revenue. This includes surgical instruments, robotic surgical systems, endoscopic devices, and imaging systems used in various procedures.
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Minimally Invasive Surgery Market Share by Procedure: The laparoscopic surgery segment, including bariatric surgery, colorectal surgery, and gynecological surgery, holds the largest share due to its wide applicability in treating a variety of diseases.
Key Market Trends
1. Technological Advancements
The introduction of cutting-edge technologies such as robotic-assisted surgeries and 3D imaging systems has revolutionised the field of minimally invasive surgery. Robotic systems, such as the da Vinci Surgical System, are enhancing the precision of surgeries, allowing for better outcomes and shorter recovery times. Artificial intelligence (AI) and machine learning are also being integrated into surgical instruments for improved decision-making and efficiency.
2. Increase in Ambulatory Surgery Centres
Ambulatory surgery centres (ASCs) are playing a significant role in the growth of the MIS market. These facilities provide high-quality care at lower costs compared to hospitals, attracting both healthcare providers and patients. This trend is expected to continue as more people seek outpatient procedures that reduce hospital stays and medical costs.
3. Growing Demand for Cosmetic and Aesthetic Surgeries
Cosmetic surgeries, including facial surgeries, body contouring, and minimally invasive liposuction, are on the rise. Non-surgical procedures like Botox, laser treatments, and dermal fillers are also gaining popularity, driving the demand for minimally invasive techniques.
4. Preference for Patient-Centric Care
The growing preference for minimally invasive procedures is driven by patient-centric demands for quicker recovery, smaller scars, reduced pain, and a shorter length of hospital stay. This has resulted in increased demand for minimally invasive surgeries in both developed and developing regions.
Market Growth Drivers
1. Increasing Prevalence of Chronic Diseases
Chronic conditions such as obesity, cardiovascular diseases, and cancer are on the rise globally. These conditions often require surgical intervention, and patients prefer minimally invasive procedures due to shorter recovery times and fewer complications. The demand for MIS in the treatment of these diseases is therefore growing rapidly.
2. Rising Geriatric Population
The global geriatric population is expanding, leading to a higher demand for surgeries that require minimal recovery time. Minimally invasive techniques are particularly beneficial for elderly patients, who often have comorbidities and weaker immune systems that make traditional surgeries more risky.
3. Cost-Effectiveness
Minimally invasive surgeries are typically less expensive than traditional surgeries due to lower hospital stays, fewer complications, and faster recovery times. This cost-effectiveness is appealing to both healthcare providers and patients, especially in cost-sensitive regions.
COVID-19 Impact on the Minimally Invasive Surgery Market
The COVID-19 pandemic had a significant impact on the global healthcare sector, including the minimally invasive surgery market. During the peak of the pandemic, elective surgeries were postponed, leading to a temporary decline in MIS procedures. However, the recovery phase has been rapid, with an increasing preference for MIS due to its reduced risk of infection, shorter hospital stays, and faster recovery times, which are critical for COVID-19 patients and healthcare workers.
Post-pandemic, there has been a shift towards telemedicine and remote consultations, which has further facilitated the adoption of minimally invasive surgery. As the world recovers, healthcare systems are focusing on improving surgical care, and MIS is being seen as a solution to reduce pressure on hospital resources.
Market Segmentation
By Product
- Surgical Instruments & Devices: This segment is expected to dominate the market, driven by the growing use of laparoscopes, robotic systems, and imaging systems.
- Minimally Invasive Surgical Systems: Robotic systems like the da Vinci Surgical System are gaining market share, offering precision, reduced human error, and faster recovery times.
- Others: This includes consumables, accessories, and disposable items used in minimally invasive procedures.
By Procedure Type
- Laparoscopy: The most widely used minimally invasive procedure, particularly in bariatric, gynecological, and colorectal surgeries.
- Endoscopy: Includes procedures such as bronchoscopy, colonoscopy, and gastrointestinal endoscopy, which are less invasive and commonly used for diagnostic and therapeutic purposes.
- Robotic Surgery: Robotic-assisted surgeries offer high precision and are being increasingly used in complex procedures, including prostate surgeries and heart surgeries.
By Application
- Cardiothoracic Surgery: With advancements in MIS techniques, heart and lung surgeries are becoming less invasive, reducing recovery time and complications.
- Orthopaedic Surgery: Minimally invasive techniques are becoming more common in treating joint replacements and spine surgeries, reducing the need for long hospital stays.
- Urological Surgery: Robotic surgery is improving the outcomes of surgeries such as prostatectomy, nephrectomy, and cystectomy.
By End-User
- Hospitals: Hospitals remain the leading end-users of minimally invasive surgery technologies, particularly for inpatient procedures.
- Ambulatory Surgery Centres: ASCs are growing rapidly due to their cost-effectiveness and the increasing demand for outpatient surgeries.
- Clinics: Clinics, particularly in cosmetic surgery, are adopting minimally invasive techniques to cater to the growing demand for aesthetic procedures.
Regional Outlook
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North America: North America is expected to hold the largest share in the MIS market, driven by the high adoption of advanced medical technologies, an ageing population, and significant healthcare expenditure.
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Europe: Europe is expected to witness steady growth in the MIS market due to increasing healthcare infrastructure, technological advancements, and growing demand for outpatient surgeries.
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Asia-Pacific: The Asia-Pacific region is anticipated to grow at the fastest rate during the forecast period. Increasing healthcare access, rising disposable incomes, and expanding medical tourism are key drivers of the market.
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Latin America & Middle East & Africa: These regions are expected to see moderate growth due to improving healthcare infrastructure and the rising adoption of minimally invasive surgical technologies.
Minimally Invasive Surgery Market Forecast
The global market for minimally invasive surgery is projected to grow at a CAGR of 7.8% from 2024 to 2032. With technological advancements, a growing preference for minimally invasive procedures, and the increasing prevalence of chronic diseases, the market is expected to reach USD 96.04 billion by 2032. The rising adoption of robotic-assisted surgeries, endoscopic procedures, and laparoscopic surgeries will further contribute to market growth.
The global minimally invasive surgery market is poised for substantial growth over the next decade. With increasing technological advancements, a rising geriatric population, and growing healthcare access, the market is expected to see continued expansion. While the COVID-19 pandemic temporarily slowed growth, the post-pandemic recovery has been robust, and minimally invasive surgery is now seen as a critical component of modern healthcare. As the industry continues to innovate, patients can expect safer, faster, and more effective surgical procedures in the future.
The market's outlook is promising, with significant opportunities for manufacturers, healthcare providers, and patients. The integration of robotic systems, AI, and improved surgical techniques will continue to redefine the future of surgery, driving the adoption of minimally invasive procedures worldwide.