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Posted by Khalid Shaikh on August 4, 2024 at 7:15am 0 Comments 0 Likes
Posted by goditac499 on August 4, 2024 at 7:12am 0 Comments 0 Likes
The global Minimally Invasive Surgical Instruments Market size is expected to reach USD 63.0 billion in 2030, registering a CAGR of 10.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The preference for minimally invasive surgical (MIS) procedures is rising as they are less traumatic than traditional open surgeries and they facilitate faster recover process. Patients can resume their daily activities in a shorter time after minimally invasive surgical procedures.
In addition, the costs involved in MIS procedures are significantly less than in-patient and conventional open surgeries. Therefore, MIS procedures prove to be beneficial for patients as well as payers. The benefits of MIS in various areas of orthopedics have contributed to the growing demand for less traumatic alternatives with minimum tissue disruption of bones.
Noncommunicable Diseases (NCDs), often known as chronic diseases, affect more than 41 million individuals each year, accounting for approximately 74% of all deaths worldwide. According to the same source, nearly 15 million people aged 30 to 69 die worldwide each year as a result of NCDs. As a result of the high mortality rate due to NCDs, the need for therapeutic techniques is increasing. Minimally invasive techniques are gaining traction as they offer more benefits than regular procedures. As a result, the market under consideration is anticipated to grow over the forecast period.
Related Press Release@ Minimally Invasive Surgical Instruments Market Report
List of Key Players in the Minimally Invasive Surgical Instruments Market
Minimally Invasive Surgical Instruments Market Highlights
Report Attribute |
Details |
Market size value in 2023 |
USD 31.6 billion |
Revenue forecast in 2030 |
USD 63.0 billion |
Growth rate |
CAGR of 10.3% from 2023 to 2030 |
Base year for estimation |
2022 |
Historical data |
2018 - 2021 |
Forecast period |
2023 - 2030 |
Related Reports@
Non Invasive Prenatal Testing Market
Minimally Invasive Thoracic Surgery Market
Minimally Invasive Surgical Instruments Market Segmentation
Grand View Research has segmented the minimally invasive surgical instruments market based on device, application, end-use, and region:
Minimally Invasive Surgical Instruments Device Outlook (Revenue, USD Million, 2018 - 2030)
Minimally Invasive Surgical Instruments Application Outlook (Revenue, USD Million, 2018 - 2030)
Minimally Invasive Surgical Instruments End-use Outlook (Revenue, USD Million, 2018 - 2030)
Minimally Invasive Surgical Instruments Regional Outlook (Revenue, USD Million, 2018 - 2030)
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