Minimally Invasive Surgery Market is Slated to Surpass US$ 23.6 Bn by 2031 | New Research By Transparency Market Research

October 07 22:16 2021
Minimally Invasive Surgery Market is Slated to Surpass US$ 23.6 Bn by 2031 | New Research By Transparency Market Research
Minimally Invasive Surgery Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Minimally Invasive Surgery Market: Introduction

According to the report, the global minimally invasive surgery market was valued over US$ 8.7 Bn in 2020 and is projected to expand at a moderate CAGR from 2021 to 2031. Minimally invasive surgery (MIS) is a modern technique that enables surgeons to use endoscopic procedures to address diverse issues. Instruments used during minimally invasive surgery (MIS) are small; hence, incisions are smaller than in a traditional open surgery. Additionally, the technology is proving its efficiency in treatment while performing complex surgeries. This drives the global minimally invasive surgery market during the forecast period.

North America dominated the global minimally invasive surgery market in 2020, followed by Europe and Asia Pacific. Well-established healthcare & life science industries, early adoption of technologically advanced products, and increase in the geriatric population, which have led to a rise in the number of patients visiting hospitals & clinics during the forecast period, are the major factors attributed to North America’s large market share in 2020.

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Reduced Scarring and Quicker Recovery with Less Pain to Drive Global Market

Larger incision during open surgery leads to increased pain and longer recovery time. Recovery time following traditional surgical techniques are usually extensive. However, with MIS, recovery time is as short as a few days depending on the surgery type. MIS allows for a shorter hospital stay, with many patients returning home on the same day of surgery.

Moreover, due to smaller incisions and less stitches, the healing time after a MIS is quicker than traditional surgery. Pain and postoperative swelling are also less with this technique, allowing patients to be back to their regular activities sooner. Minimally invasive surgery requires smaller incisions; hence, the scars are also smaller than with traditional surgical procedures. This increases patient acceptance and quicker recovery, which in turn boosts the growth of the MIS market.

Minimally Invasive Surgery Market: Prominent Regions

In terms of region, the global minimally invasive surgery market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global minimally invasive surgery market in 2020, followed by Europe and Asia Pacific.

North America dominated the global MIS market in 2020, owing to a highly developed healthcare sector, increase in awareness among healthcare professionals about Barrett’s esophagus, colorectal cancer, and gastric cancer treatment devices, and continuous evolution of technology. The region offers significant opportunities in the minimally invasive surgery market

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The minimally invasive surgery market in Asia Pacific is anticipated to expand at a higher CAGR due to increase in awareness about Barrett’s esophagus, colorectal cancer, and gastric cancer treatment and expansion of the healthcare sector in countries such as China, Japan, and India. Moreover, technological advancements and surge in adoption of Barrett’s esophagus, colorectal cancer, and gastric cancer treatment devices are expected to propel the market in Asia Pacific during the forecast period.

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