Minimally invasive surgery refers to any surgical procedure that is performed through tiny incisions instead of a large opening. Because surgeon will make smaller incisions, will likely have a quicker recovery time and less pain than traditional open surgery but with the same benefits as traditional surgery. They are mostly being used for cardiothoracic, orthopedic, vascular, and neurological surgical procedures.
The increasing old age population across the world coupled with the increasing incidence of arthritis, cancer, and cardiovascular diseases are escalating the demand for these surgeries as they are related to fewer risks and minimal procedural trauma. These procedures are now being performed with the help of robotic technology which allows accurate control over the surgery. This has resulted in higher success rates of these procedures and eventually, this factor is expected to boost the growth of the global Minimally Invasive Surgery market in the forthcoming years.
Furthermore, technologically advanced products, such as narrow-band imaging endoscopes, and HD cameras have been introduced by manufacturers which are creating a positive outlook for the market worldwide. As these surgeries help in reducing post-operative pain and offer fast recovery, many surgeons are now performing them in their clinics. Consequently, the increasing number of physician-owned ambulatory surgical centers (ASCs) is providing several growth opportunities for the development of the global Minimally Invasive Surgery market. In addition to this, the proliferation of artificial intelligence (AI) and complex algorithms in robotic systems are contributing more to the growth of the market.
On the other hand, minimally invasive surgery (MIS) techniques are still in their nascent stage, particularly in context with spinal surgeries. Additionally, MIS needs a high level of training, which is potentially increasing costs for healthcare facilities and medical professionals aiming for healthcare education. This major factor may restrain the growth of the market. Moreover, favorable reimbursement scenarios and an increase in cancer awareness & patient support programs by governments are some key factors anticipated to propel the growth of the global Minimally Invasive Surgery market.
Covid-19 Impact on Minimally Invasive Surgery Market
In addition, the current Minimally Invasive Surgery Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Minimally Invasive Surgery Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Minimally Invasive Surgery Market Segment Overview
Based on procedure, the Endoscopic Mucosal Resection segment dominated the global Minimally Invasive Surgery market. This is because of the multipurpose usage feature of endoscopic mucosal resection surgery. This feature plays an important role during many medical surgeries. In terms of disorder type, the Gynecological segment occupied the largest market share in 2020, owing to developments in technology, increase in maternal age, and high prevalence of various gynecological conditions. Further, according to end-user, the hospital's segment accounted for a notable share of the market in 2020. Growth in demand for personal care & healthcare and the presence of a large number of players are expected to boost the growth of the segment during the forecast period.
Minimally Invasive Surgery Market, By Procedure
· Laparoscopic Surgery
· Robotic Surgery
· Endoscopic Mucosal Resection
· Endoscopic Sub-mucosal Dissection
Minimally Invasive Surgery Market, By Disorder Type
· Orthopedic
· Cosmetic & Bariatric
· Gynecological
· Cardiothoracic
· Gastrointestinal
· Urological
· Others
Minimally Invasive Surgery Market, By End-User
· Hospitals
· Clinics
· Ambulatory Surgical Centers
· Others
Minimally Invasive Surgery Regional Overview
Geographically, North America dominated the global Minimally Invasive Surgery market in 2020. This can be mainly attributed to the highly developed healthcare sector, growing awareness among healthcare professionals about Barrett’s esophagus, colorectal cancer, and gastric cancer treatment devices, and continuous evolution of technology are major factors that escalating the growth of the market in this region. Similarly, the minimally invasive surgery market in the Asia Pacific is projected to rise at a considerable rate in the forthcoming years. This is due to the availability of trained and well-qualified technicians, upsurge in adoption of technologically advanced devices and rapidly developing healthcare infrastructure in this region.
Minimally Invasive Surgery Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Minimally Invasive Surgery Market, Key Players
· University of Pittsburgh Medical Center
· Rutland Medical Center
· Huntington Hospital
· Washington Hospital Healthcare System
· The Ottawa Hospital
· Michael's Hospital
· Charité - Universitätsmedizin Berlin
· Ipswich Hospital
· Apollo Hospitals Enterprise Limited
· HealthCare Global Enterprises Ltd.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Minimally Invasive Surgery Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Procedure
- 5.2.1. Laparoscopic Surgery
- 5.2.2. Robotic Surgery
- 5.2.3. Endoscopic Mucosal Resection
- 5.2.4. Endoscopic Sub-mucosal Dissection
- 5.3. Market Analysis, Insights and Forecast – By Disorder Type
- 5.3.1. Orthopedic
- 5.3.2. Cosmetic & Bariatric
- 5.3.3. Gynecological
- 5.3.4. Cardiothoracic
- 5.3.5. Gastrointestinal
- 5.3.6. Urological
- 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast – By End-User
- 5.4.1. Hospitals
- 5.4.2. Clinics
- 5.4.3. Ambulatory Surgical Centers
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Minimally Invasive Surgery Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Procedure
- 6.2.1. Laparoscopic Surgery
- 6.2.2. Robotic Surgery
- 6.2.3. Endoscopic Mucosal Resection
- 6.2.4. Endoscopic Sub-mucosal Dissection
- 6.3. Market Analysis, Insights and Forecast – By Disorder Type
- 6.3.1. Orthopedic
- 6.3.2. Cosmetic & Bariatric
- 6.3.3. Gynecological
- 6.3.4. Cardiothoracic
- 6.3.5. Gastrointestinal
- 6.3.6. Urological
- 6.3.7. Others
- 6.4. Market Analysis, Insights and Forecast – By End-User
- 6.4.1. Hospitals
- 6.4.2. Clinics
- 6.4.3. Ambulatory Surgical Centers
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Minimally Invasive Surgery Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Procedure
- 7.2.1. Laparoscopic Surgery
- 7.2.2. Robotic Surgery
- 7.2.3. Endoscopic Mucosal Resection
- 7.2.4. Endoscopic Sub-mucosal Dissection
- 7.3. Market Analysis, Insights and Forecast – By Disorder Type
- 7.3.1. Orthopedic
- 7.3.2. Cosmetic & Bariatric
- 7.3.3. Gynecological
- 7.3.4. Cardiothoracic
- 7.3.5. Gastrointestinal
- 7.3.6. Urological
- 7.3.7. Others
- 7.4. Market Analysis, Insights and Forecast – By End-User
- 7.4.1. Hospitals
- 7.4.2. Clinics
- 7.4.3. Ambulatory Surgical Centers
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Minimally Invasive Surgery Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Procedure
- 8.2.1. Laparoscopic Surgery
- 8.2.2. Robotic Surgery
- 8.2.3. Endoscopic Mucosal Resection
- 8.2.4. Endoscopic Sub-mucosal Dissection
- 8.3. Market Analysis, Insights and Forecast – By Disorder Type
- 8.3.1. Orthopedic
- 8.3.2. Cosmetic & Bariatric
- 8.3.3. Gynecological
- 8.3.4. Cardiothoracic
- 8.3.5. Gastrointestinal
- 8.3.6. Urological
- 8.3.7. Others
- 8.4. Market Analysis, Insights and Forecast – By End-User
- 8.4.1. Hospitals
- 8.4.2. Clinics
- 8.4.3. Ambulatory Surgical Centers
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Minimally Invasive Surgery Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Procedure
- 9.2.1. Laparoscopic Surgery
- 9.2.2. Robotic Surgery
- 9.2.3. Endoscopic Mucosal Resection
- 9.2.4. Endoscopic Sub-mucosal Dissection
- 9.3. Market Analysis, Insights and Forecast – By Disorder Type
- 9.3.1. Orthopedic
- 9.3.2. Cosmetic & Bariatric
- 9.3.3. Gynecological
- 9.3.4. Cardiothoracic
- 9.3.5. Gastrointestinal
- 9.3.6. Urological
- 9.3.7. Others
- 9.4. Market Analysis, Insights and Forecast – By End-User
- 9.4.1. Hospitals
- 9.4.2. Clinics
- 9.4.3. Ambulatory Surgical Centers
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. University of Pittsburgh Medical Center
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Rutland Medical Center
- 10.6. Huntington Hospital
- 10.7. Washington Hospital Healthcare System
- 10.8. The Ottawa Hospital
- 10.9. Michael's Hospital
- 10.10. Charité - Universitätsmedizin Berlin
- 10.11. Ipswich Hospital
- 10.12. Apollo Hospitals Enterprise Limited
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
