Global Minimally Invasive Surgical Systems Industry Market Research 2022-2030
Report ID: 10151886 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
"The global minimally invasive surgical systems market is relatively small. The total addressable market in 2021 is estimated to be around USD ~8 billion and is expected to mark a CAGR of ~9% over the period 2022-2030. However, in 2020, robot-assisted surgery accounted for almost 30% of MIS procedures, and now this percentage has risen to more than 35%. Traditional surgical instruments cannot provide high-quality images/videos of the affected area, which causes difficulties in the case of complex surgery. In contrast, robotic surgery makes it easier for surgeons to perform complex operations with relatively small incisions. In addition, robotic surgery can significantly improve the patient's treatment effect and reduce the patient's hospital stay.
MARKET DYNAMICS:
Factors such as increased demand for minimally invasive surgery, increased incidence of chronic diseases, general recognition of computer-assisted surgery, increased disposable income, and the introduction of technologically advanced systems, such as SurgiBot, Amadeus, Single Port Orifice Robotic Technology (SPORT) and Modus V and others are driving the growth of this market. The incidence of colorectal cancer, neurological diseases, interventional heart disease and gynecological diseases is rising, and the elderly population is increasing.
The government and industry participants actively participate in the technological advancement in the field of computer-assisted robotic surgery, which promotes the overall growth of the healthcare industry . In addition, another important factor contributing to the growth of the overall market is the availability of equipment and accessories used in minimally invasive surgery. Surgical robot suppliers generate revenue through the one-time sale of surgical systems, and generate recurring revenue through the sale of equipment and accessories used in the surgical system and maintenance services. Surgical robotic systems are a challenge for market participants to obtain regulatory approvals and permits.
However, recently established participants are working hard to obtain the necessary regulatory permits to enter the market and introduce clinical evidence to increase the adoption rate of surgical systems in the near future. In addition, the world lacks well-trained professionals or surgeons who can easily understand the technical details of these technologically advanced surgical robotic systems, which also hinders the growth of this market. However, industry and government participants from different countries are actively involved in providing training services for surgeons and trying to make them comfortable in terms of use and technology.
END -USER SEGMENTATION :
Hospitals is the application field that contributes the most to revenue. It is expected to grow at a compound annual growth rate of ~13% during the 2022-2030 forecast period. This can be attributed to the continuous demand for minimally invasive Growth surgery.
The participation of government and industry leaders in continuous technological advancement has led to an increasing demand for more advanced robotic surgery systems for medical staff and patients. However, the outpatient part of the surgery center is the second largest end user segment, accounting for 293.7 million US dollars in 2016.
In addition, it is expected to grow at the highest compound annual growth rate of 19% during the 2022-2030 forecast period. This can be attributed to the increasing adoption rate of robotic surgery systems in outpatient surgery centers for various surgical procedures, providing cost-effective services and a less stressful and convenient environment than many hospitals can provide.The participation of government and industry leaders in continuous technological advancement has led to an increasing demand for more advanced robotic surgery systems for medical staff and patients.
However, the outpatient part of the surgery center is the second largest end user segment, accounting for USD 300 million in 2020. In addition, it is expected to grow at the highest compound annual growth rate of 17% during the 2022-2030 forecast period. This can be attributed to the increasing adoption rate of robotic surgery systems in outpatient surgery centers for various surgical procedures, providing cost-effective services and a less stressful and convenient environment than many hospitals can provide."
Why Choose Kenneth Research ?
-
Insight with Impact : We don’t just gather data — we uncover stories, trends, and opportunities that fuel business growth.
-
Experts Who Get It : Our team speaks your industry’s language and knows what really matters to your customers and market.
-
Custom-Built for You : Forget one-size-fits-all. We craft research and consulting solutions as unique as your business vision.
-
Partners, Not Just Providers : We work with you, not for you — collaborating closely to turn insights into smart, strategic moves.
-
Results That Speak : Our work powers brands, startups, and industry leaders alike — with a track record of ideas that work in the real world.
Report ID: 10151886 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
More Reports from Healthcare & Pharmaceuticals Sector
Thank you for contacting us!
""We have received your sample request for the research report. Our research representative will contact you shortly.""
Get a free sample of this report
Minimally Invasive Surgical Systems Industry Market
JUMP TO CONTENT