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Minimally Invasive Gastrointestinal Surgical Systems Market

Minimally Invasive Gastrointestinal Surgical Systems Market: Information by Product Type (Videoscopes, Endoscopic), End-User (Conventional Technologies), and Region — Forecast till 2030

Published On : 26 Jul, 2022
Updated On : 20 Sep, 2022
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Market Snapshot

Base Year:
2021
Study Period:
2020-2030
CAGR:
6.95 %
Fastest Growing Market:
Europe
Largest Market:
North America

The global minimally invasive gastrointestinal surgical systems market was valued at USD 5.42 billion in 2021 and is projected to reach USD 9.92 billion by 2030, registering a CAGR of 6.95% from 2022 to 2030. Through a relatively small incision, minimally invasive neurosurgery is typically utilised to treat disorders that can manifest in a variety of regions of the brain, spinal cord, or skull base. This type of surgery is known as "keyhole surgery." Conventional surgical treatments are losing ground to their minimally invasive counterparts in terms of popularity. This is due to the fact that minimally invasive procedures require less time for recovery, cause a lower degree of trauma, and require shorter hospital stays. The rise in the benefits of minimally invasive surgeries over traditional open surgeries is a vital factor in the acceleration of market growth. In addition, the rise in the growth of minimally-invasive surgery devices, the rise in the growth of healthcare expenditures, and the rise in the growth of healthcare outcomes are the major factors among other factors that are driving the market for minimally invasive gastrointestinal surgical systems. In addition, an increase in public-private initiatives to support research activities on minimally invasive surgical instruments and an increase in the research and development activities in the market will further create new opportunities for the market for minimally invasive gastrointestinal surgical systems during the forecasted period of 2022-2030. These factors are expected to have a positive impact on the market.

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Market Dynamics

Global Minimally Invasive Gastrointestinal Surgical Systems Market Drivers

  • Increasing Healthcare Spending & extensive entry of emerging players

There has been a recent uptick in the amount of money invested in the expansion of healthcare infrastructure, which has led to an increase in evidence of successful and encouraging outcomes from surgical help. Therefore, as a result of this, chances for prospective growth in the market for minimally invasive gastrointestinal surgical systems are becoming available. Additionally, there is a significant increase in the number of new manufacturers entering the market that are creating MIS surgical systems. A large increase in the number of sales of minimally invasive gastrointestinal surgical systems has been brought about all over the world as a direct result of these primary causes.

Global Minimally Invasive Gastrointestinal Surgical Systems Market Restraints

  • Shortage of skilled professionals

In the developing and emerging countries of Asia Pacific, Africa, and the Middle East, there is a shortage of skilled professionals, which is constraining the expansion of the market.

However, the government has recently undertaken a number of measures and made investments in academic institutions and research facilities, both of which should contribute to an improvement in the situation in the future.

Global Minimally Invasive Gastrointestinal Surgical Systems Market Opportunity

  • Increase in adoption of technologies in healthcare

The global market for minimally invasive gastrointestinal surgical systems is comprised of a big number of small-scale manufacturers and vendors in addition to a significant number of large-scale manufacturers. Presently, as a result of the expanding use of technologies in healthcare, the manufacturers already active in the market have access to a large number of chances to broaden the scope of their products and services and to consolidate their position as industry leaders.

 

Segmentation of the Global Minimally Invasive Gastrointestinal Surgical Systems Market

The market for minimally invasive gastrointestinal surgical systems can be broken down into distinct submarkets based on the product type, surgical procedure, and end-user. The growth among these categories will assist you in analysing the industries' minuscule growth segments, and it will give consumers a beneficial market overview as well as industry insights that will assist them in making strategic decisions about the identification of core market applications.

Traditional minimally invasive gastrointestinal surgical systems (miss), surgical robotics, and other types of minimally invasive gastrointestinal surgical systems make up the conventional segments of the market for minimally invasive gastrointestinal surgical systems.

In terms of surgery, the market for minimally invasive gastrointestinal surgical systems can be broken down into the following categories: adrenalectomy, appendectomy, bariatric surgery, cholecystectomy, colon and rectal surgery, foregut surgery, and hernia repair. Moreover, the market is broken down into these categories.

On the basis of the end-user, the market for minimally invasive gastrointestinal surgical systems can be further divided into two categories: conventional technologies and surgical robots.

 

Regional Analysis of the Global Minimally Invasive Gastrointestinal Surgical Systems Market

The market is split by region into North America, Europe, Asia-Pacific, and LAMEA.

Regional Growth Insights Request Sample Pages

The report on the market for minimally invasive gastrointestinal surgical systems includes the following countries: the United States, Canada, and Mexico in the North American region; Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey; the rest of Europe in the European region; China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, and the Philippines in the Asia-Pacific region; Saudi Arabia, the United Arab Emirates, South Africa, Egypt, and Israel in the Middle Eastern

As a result of an increase in the geriatric population, an increase in the growth of minimally invasive surgery devices, an increase in the amount spent on healthcare, and an increase in the quality of healthcare provided in this region, North America has established itself as the dominant player in the market for minimally invasive gastrointestinal surgical systems. During the period being forecasted, it is also anticipated that this region will experience a high growth share.

 

Competitive Players in the Global Minimally Invasive Gastrointestinal Surgical Systems Market

The major players covered in the minimally invasive gastrointestinal surgical systems market report are Medtronic, Medical Devices Business Services, Inc., Stryker, Smith & Nephew, Abbott, Applied Biomedical, LLC, California Resources Corporation, Microline Surgical, Zimmer Biomet, B. Braun Melsungen AG, CONMED Corporation, HOYA Corporation, Applied Medical Resources Corporation, Aesculap, Inc., Johnson & Johnson Services, Inc.,  Karl Storz Gmbh & Co. Kg, Novatract Surgical Inc., REMA Medizintechnik GmbH, Teleflex Incorporated, Boston Scientific Corporation and Given Imagin Ltd among other domestic and global players.

 

Recent Developments

Many market participants have turned to a range of strategies, such as the development of new products and the expansion of their respective businesses, in order to maintain their footing in the face of the intense rivalry that exists in the market.

 

Global Minimally Invasive Gastrointestinal Surgical Systems Market: Segmentation

  • Product Type Conventional Minimally Invasive Gastrointestinal Surgical Systems (MISS) [Endoscopes and Endoscopy Systems, Videoscopes, Endoscopic Ultrasound, Therapeutic Energy Devices], Surgical Robotics (Robotic Systems, Robotic Surgery Instruments and Accessories, Services)
  • Surgery Adrenalectomy, Appendectomy, Bariatric Surgery, Cholecystectomy, Colon and Rectal Surgery, Foregut Surgery, Hernia Repair
  • End-User Conventional Technologies (Hospitals, Specialty Clinics, Ambulatory Surgical Centers), Surgical Robotics (Hospitals, Ambulatory Surgical Centers, Specialty Clinics)

Regional Segmentation

  • North America: U.S. and Canada
  • Europe: Germany, U.K, Italy, Spain, France, and Rest-of-Europe
  • Asia-Pacific: Japan, China, India, South Korea, Australia and New Zealand, and Rest-of-Asia-Pacific
  • Rest-of-the-World
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