We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us
Sekisui Diagnostics UK Ltd.

Download Mobile App


13 Jun 2024 - 15 Jun 2024
18 Jun 2024 - 20 Jun 2024

Global Minimally Invasive Medical Devices Market Driven by Benefits of MIS Procedures

By HospiMedica International staff writers
Posted on 31 Jul 2023
Print article
Image: The global minimally invasive medical devices market is forecasted to reach USD 41 billion in 2028 (Photo courtesy of Freepik)
Image: The global minimally invasive medical devices market is forecasted to reach USD 41 billion in 2028 (Photo courtesy of Freepik)

The global demand for minimally invasive surgical (MIS) devices is being driven by the many benefits MIS procedures offer, such as fewer serious surgical and post-surgical complications and faster recovery times. Coupled with a rising prevalence of chronic diseases, these factors are fuelling the growth of the global MIS devices market. As a result, the global market for minimally invasive medical devices which was valued at USD 26.4 billion in 2022 is projected to register a compound annual growth rate (CAGR) of 7.6% to reach USD 41 billion in 2028, driven by the increasing demand for MIS procedures which will be fueled by the growing burden of non-communicable diseases.

These are the latest findings of Research and Markets (Dublin, Ireland), a market research firm.

MIS procedures are typically viewed as less traumatic than traditional open surgeries, which use conventional laparoscopic tools, making them more complex. In MIS, minimally invasive laparoscopic cameras and specialized tools are introduced into the body via small incisions, leading to quicker recovery times and reduced pain for patients compared to other surgical methods. The significantly lower costs of MIS procedures, relative to in-patient and traditional open surgeries, without compromising on treatment outcomes, are one of the primary factors propelling the growth of the MIS devices market.

Technological advancements, particularly within cardiac, ophthalmic, neurological, orthopedic, and oral surgical procedures, leading to higher-quality instruments with superior efficiency, are set to further boost the MIS devices market. The emergence of surgical robots and their global adoption by surgeons will also contribute to market growth. Other key drivers of market growth include an aging population, increased awareness of the benefits of MIS over traditional open surgeries, a surge in healthcare spending, and growing demand for surgeries. Additionally, improved product design providing enhanced control and precision in the operating theater, coupled with increased public-private partnerships supporting research activities, will present substantial growth opportunities for market players during the forecast period.

Related Links:
Research and Markets

Gold Member
SARS‑CoV‑2/Flu A/Flu B/RSV Sample-To-Answer Test
SARS‑CoV‑2/Flu A/Flu B/RSV Cartridge (CE-IVD)
Gold Member
POC Blood Gas Analyzer
Stat Profile Prime Plus
Silver Member
Wireless Mobile ECG Recorder
Antegrade Femoral Nailing System

Print article


Critical Care

view channel
Image: The new WHO guidelines include 14 good practice statements and 23 recommendations on key areas for health workers (Photo courtesy of Shutterstock)

WHO Publishes First Global Guidelines to Reduce Bloodstream Infections from Catheter Use

Up to 70% of all inpatients require a catheter, specifically a peripherally inserted catheter (PIVC), at some point during their hospital stay. Patients who receive treatments via catheters are particularly... Read more

Surgical Techniques

view channel
Image: The researchers tweaked borophene to interact with cells and other biological units in unique ways (Photo courtesy of Dipanjan Pan/Penn State)

New Two-Dimensional Material Paves Way for Safer, More Effective Implantable Medical Devices

Borophene, first synthesized in 2015, is an atomically thin version of boron that surpasses graphene—the two-dimensional (2D) version of carbon—in conductivity, thinness, lightness, strength, and flexibility.... Read more

Patient Care

view channel
Image: The portable, handheld BeamClean technology inactivates pathogens on commonly touched surfaces in seconds (Photo courtesy of Freestyle Partners)

First-Of-Its-Kind Portable Germicidal Light Technology Disinfects High-Touch Clinical Surfaces in Seconds

Reducing healthcare-acquired infections (HAIs) remains a pressing issue within global healthcare systems. In the United States alone, 1.7 million patients contract HAIs annually, leading to approximately... Read more

Health IT

view channel
Image: First ever institution-specific model provides significant performance advantage over current population-derived models (Photo courtesy of Mount Sinai)

Machine Learning Model Improves Mortality Risk Prediction for Cardiac Surgery Patients

Machine learning algorithms have been deployed to create predictive models in various medical fields, with some demonstrating improved outcomes compared to their standard-of-care counterparts.... Read more

Point of Care

view channel
Image: The Quantra Hemostasis System has received US FDA special 510(k) clearance for use with its Quantra QStat Cartridge (Photo courtesy of HemoSonics)

Critical Bleeding Management System to Help Hospitals Further Standardize Viscoelastic Testing

Surgical procedures are often accompanied by significant blood loss and the subsequent high likelihood of the need for allogeneic blood transfusions. These transfusions, while critical, are linked to various... Read more
Copyright © 2000-2024 Globetech Media. All rights reserved.