Home > Medical Devices > Minimally Invasive Gastrointestinal Surgical Systems Market, Demand, Growth, Forecast to
Straits Research

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

Table of Content Download Sample

Market Overview

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.

Market Snapshot

market snapshot
Base Year
: 2021
Study Period
: 2020-2030
CAGR
: 6.95 %
Fastest Growing Market
: Europe
Largest Market
: North America
Market Size
: 9.92
Get more information on this report Download Sample Report

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.

Segmental Analysis

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

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

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.

Minimally Invasive Gastrointestinal Surgical Systems Market Regional Analysis
Regional Growth Insights Download Free Sample

Top Key Players of Minimally Invasive Gastrointestinal Surgical Systems Market

The major players covered in the minimally invasive gastrointestinal surgical systems market report are

  1. Medtronic
  2. Medical Devices Business Services Inc.
  3. Stryker
  4. Smith & Nephew
  5. Abbott
  6. Applied Biomedical LLC
  7. California Resources Corporation
  8. Microline Surgical
  9. Zimmer Biomet
  10. B. Braun Melsungen AG
  11. CONMED Corporation
  12. HOYA Corporation
  13. Applied Medical Resources Corporation
  14. Aesculap Inc.
  15. Johnson & Johnson Services
  16. Inc.,  Karl Storz Gmbh & Co. Kg
  17. Novatract Surgical Inc.
  18. REMA Medizintechnik GmbH
  19. Teleflex Incorporated
  20. Boston Scientific Corporation
  21. Given Imagin Ltd

Report Scope

Report Metric Details
CAGR 6.95%
Forecast Period 2023-2031
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered
  1. By Product Type
    1. Conventional Minimally Invasive Gastrointestinal Surgical Systems (MISS)
      1. Endoscopes and Endoscopy Systems
      2. Videoscopes
      3. Endoscopic Ultrasound
      4. Therapeutic Energy Devices
    2. Surgical Robotics
      1. Robotic Systems
      2. Robotic Surgery Instruments and Accessories
      3. Services
  2. By Surgery
    1. Adrenalectomy
    2. Appendectomy
    3. Bariatric Surgery
    4. Cholecystectomy
    5. Colon and Rectal Surgery
    6. Foregut Surgery
    7. Hernia Repair
  3. By End-User
    1. Conventional Technologies
    2. Hospitals
    3. Specialty Clinics
    4. Ambulatory Surgical Centers
    5. Surgical Robotics
      1. Hospitals
      2. Ambulatory Surgical Centers
      3. Specialty Clinics
Geographies Covered
  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • LATAM

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.

Minimally Invasive Gastrointestinal Surgical Systems Market Segmentation

By 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

By Surgery

  • Adrenalectomy
  • Appendectomy
  • Bariatric Surgery
  • Cholecystectomy
  • Colon and Rectal Surgery
  • Foregut Surgery
  • Hernia Repair

By End-User

  • Conventional Technologies
  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Surgical Robotics
    • Hospitals
    • Ambulatory Surgical Centers
    • Specialty Clinics
Price Starts From
USD 995

Purchase Benefits

  • Eligible for a free updated report next year
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
  • Permission to print the report
Want to learn more about recent trends and data ?
They Already Trust Us :
Veto-Pharma
Nippon Becton Dickinson
Merck
Argon Medical Devices
Abbott
Johnson & Johnson
Need Assistance?
+1 646 480 7505 (U.S.)
+44 208 068 9665 (U.K.)
sales@straitsresearch.com

Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track sales in the global and country-specific Market.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Report Snapshot
Looking For Custom Report ?
Check Our License Options :

As featured on :

clients
Trusted by Fortune 500
Over 30000+ subscribers