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Minimally Invasive Surgical Instruments Market Surges to USD 49.9 Billion by 2029: Medtronic PLC (US) and Johnson & Johnson (US) at the Forefront | MarketsandMarkets™
By product, the minimally invasive surgical instruments market includes handheld instruments, inflation devices, surgical scopes, cutting instruments, guiding devices, electrosurgical & electrocautery instruments, robotic instruments, and others. In 2023, handheld instruments held the majority share, driven by increasing surgical volumes, affordability, and technological advancements.
The market is segmented into non-robotic surgery and robotic surgery. Non-robotic surgery dominated in 2023 due to lower risks and costs. However, robotic surgery is expected to grow faster, driven by increasing adoption of minimally invasive surgical (MIS) procedures.
Segmented by type of surgery into cardiothoracic, gastrointestinal, orthopedic, gynecological, cosmetic & bariatric, urological, and other surgeries, cardiothoracic surgery held the largest share in 2023. This segment's growth is fueled by rising cardiac ailments and increased use of MIS instruments.
The market is segmented into hospitals & specialty clinics and ambulatory surgery centers. In 2023, hospitals & specialty clinics held the larger share due to high volumes of MIS procedures and skilled healthcare professionals.
The market spans North America , Europe , Asia Pacific , Latin America , Middle East & Africa , and GCC Countries. North America led in 2023, driven by high chronic disease rates, healthcare spending, and advanced infrastructure in the US and Canada .
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