Increasing Incidence of Diseases Drive the Global Minimally Invasive Surgical Instruments Market

Global minimally invasive surgical instruments market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024–2031). Minimally invasive surgery involves creating small incisions in the body, through which a laparoscope, a slender, tube-like tool with a light and lens for visual guidance is inserted. Additional miniature surgical instruments are then introduced through separate openings to conduct the procedure. The market growth is driven by an increase in non-communicable diseases, including cerebrovascular disease, Chronic Obstructive Pulmonary Disease (COPD), diabetes, and heart failure. 

Browse the full report description of “Minimally Invasive Surgical Instrument Market Size, Share & Trends Analysis Report by Product (Inflation Devices, Cutter Instruments, Guiding Devices, Handheld Instruments, Stents, Sutures, and Robotic Instruments), and by Application (Cardiac Surgery, Colorectal Surgery, Dermatological Surgery, ENT Surgery, Gastrointestinal Surgery, Gynecologic Surgery, Lung & Respiratory Care, Neurosurgery, Ophthalmology, and Dental Surgery) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/minimally-invasive-surgical-instruments-market

Recent Developments

• In March 2024, Medtronic plc, a prominent healthcare technology leader, disclosed that the US Food and Drug Administration (FDA) had approved the Evolu FX+ Transcatheter Aortic Valve Replacement (TAVR) system. This advanced system is designed specifically for treating symptomatic severe aortic stenosis, retaining the valve performance advantages of the original Evolut TAVR platform while enhancing coronary access capabilities.

• In November 2023, in New Brunswick, New Jersey, Johnson & Johnson MedTech announced its intention to submit the OTTAVA robotic surgical system for an Investigational Device Exemption (IDE) application to the US Food & Drug Administration (FDA) in the second half of 2024 to begin clinical trials.

• In September 2023, Stryker's 1788 camera platform introduced advanced technology to surgical settings, offering improvements such as expanded color range, enhanced white light quality, and newly integrated fluorescence imaging capabilities.

• In March 2023, Smith & Nephew, a global medical technology company, launched the UltraTRACO QUAD ACL Reconstruction Technique. This includes the new QUADTRAC Quadriceps Tendon Harvest Guide System, X-WINGO Graft Preparation System, and a range of ULTRABUTTON Adjustable Fixation Devices. These technologies collaborate to offer a solution for procedures, enhancing Smith & Nephew's capability to accommodate surgeon preferences in graft selection.

Market Coverage  

· The market number available for 2023-2031 

· Base year: 2023 

· Forecast period: 2024-2031 

· Segment Covered- 

o By Product

o By Application

· Regions Covered- 

o North America 

o Europe 

o Asia-Pacific 

o Rest of the World

• Competitive Landscape: Abbott Laboratories, B Braun SE, KARL STORZ SE & Co. KG, Medtronic PLC, and Stryker Corp. among others.

Key questions addressed by the report 

• What is the market's growth rate? 
• Which segment and region dominate the market in the base year? 
• Which segment and region will project the fastest growth in the market? 
• Who is the leader in the market? 
• How are players addressing challenges to sustain growth? 
• Where is the investment opportunity? 

Global Minimally Invasive Surgical Instruments Market Report Segment 

By Product

• Inflation Devices
  
• Cutter instruments
• Guiding Devices
• Handheld Instruments
• Stents
• Sutures
• Robotic Instruments

By Application

• Cardiac Surgery
• Colorectal Surgery
• Dermatological Surgery
• ENT Surgery
• Gastrointestinal Surgery
• Gynecological Surgery
• Lung & Respiratory Care
• Neurosurgery
• Ophthalmology
• Orthopaedics
• Dental Surgery

Global Minimally Invasive Surgical Instruments Market Report Segment by Region 

North America 

· United States 

· Canada 

Europe 

· UK 

· Germany 

· Italy 

· Spain 

· France 

· Rest of Europe 

Asia-Pacific 

· China 

· India 

· Japan 

· South Korea 

· Rest of Asia-Pacific 

Rest of the World 

· Latin America

· Middle East and Africa

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