The study involved key activities in estimating the current size of the minimally invasive surgery market. Extensive secondary research was conducted to gather information on the industry. The next step was to validate these findings, assumptions, and market size with industry experts across the value chain through primary research. Different methods, such as top-down and bottom-up approaches, were used to estimate the overall market size. Subsequently, market segmentation and data triangulation techniques were applied to determine the size of various segments and subsegments within the MIS market.
Secondary Research
The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, investor presentations, SEC filings of companies and publications from government sources [such as National Institutes of Health (NIH), US FDA, US Census Bureau, World Health Organization (WHO), International Trade Administration (ITA), Global Burden of Disease Study, and Centers for Medicare and Medicaid Services (CMS) were referred to identify and collect information for the global minimally invasive surgery market study. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
During the primary research process, various sources from both the supply and demand sides were interviewed to gather qualitative and quantitative information for this report. The primary sources on the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology and innovation directors, and other key executives from various companies and organizations in the minimally invasive surgery market. On the demand side, primary sources include ambulatory surgical centers, hospitals, clinics, and other end users. The primary research was conducted to validate market segmentation, identify key players, and gather insights on important industry trends and market dynamics.
A breakdown of the primary respondents is provided below:
*C-level primaries include CEOs, CFOs, COOs, and VPs.
Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
Note: Companies are classified into tiers based on their total revenue. As of 2024, Tier 1 = >USD 10.00 billion, Tier 2 = USD 1.00 billion to USD 10.00 billion, and Tier 3 = USD 1.00 billion.
Source: MarketsandMarkets Analysis
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
For the global market value, annual revenues were estimated based on revenue mapping of leading product manufacturers and OEMs active in the worldwide minimally invasive surgery market. All major product manufacturers were identified at the global and/or country or regional level. Revenue mapping for the respective business segments or sub-segments was performed for the key players. Also, the global minimally invasive surgery market was split into various segments and sub-segments based on:
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List of major players operating in the product market at the regional and/or country level
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Product mapping of various minimally invasive surgery manufacturers at the regional and/or country level
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Mapping of annual revenue generated by listed major players from minimally invasive surgery (or the nearest reported business unit/product category)
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Extrapolation of the revenue mapping of the listed major players to derive the global market value of the respective segments/subsegments
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Summation of the market value of all segments/subsegments to arrive at the global minimally invasive surgery market
The data mentioned above was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Data Triangulation
After determining the overall size of the global minimally invasive surgery market using the methodology mentioned above, the market was divided into several segments and subsegments. Data triangulation and market breakdown techniques were used, where applicable, to complete the overall market analysis and obtain precise market value data for the key segments and subsegments. The extrapolated market data was then triangulated by examining various macro indicators and regional trends from both demand- and supply-side participants.
Market Definition
Minimally invasive surgery (MIS) is a procedure that causes little to no trauma or injury to a patient. MIS is performed through a cannula using lasers, endoscopes, or laparoscopes. It involves less bleeding, reduced anesthesia, less pain, and minimal scarring compared to other procedures. The surgical instruments used to make tiny incisions and carry out MIS are minimally invasive. The primary products used for minimally invasive surgery are surgical tools, imaging and visualization systems, electrosurgical devices, endoscopy devices, and medical robotics.
Stakeholders
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Manufacturers and Distributors of Minimally Invasive Surgical Instruments
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Healthcare Institutions (Hospitals and Clinics)
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Ambulatory Surgery Centers (ASCs)
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Healthcare Institutions (hospitals and outpatient clinics)
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Research Institutions
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Research and Consulting Firms
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Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs)
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Academic Medical Centers and Universities
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Market Research and Consulting Firms
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Clinical Research Organizations
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Research Laboratories and Academic Institutes
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Minimally Invasive Surgical Instrument Service Providers
Report Objectives
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To describe, analyze, and forecast the minimally invasive surgery market by product, application, end user, and region
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To describe and forecast the minimally invasive surgery market in key regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
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To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth
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To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
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To analyze market opportunities for stakeholders and provide details of the competitive landscape for market players
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To profile key players and comprehensively analyze their market shares and core competencies2 in the minimally invasive surgery market
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To analyze competitive developments such as partnerships, agreements & acquisitions, product launches, product approvals, and expansions in the minimally invasive surgery market
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To analyze the impact of AI/Gen AI on the minimally invasive surgery market in terms of its capabilities, potential, use cases, and future
Available customizations:
With the given market data, MarketsandMarkets offers customizations to meet your company’s specific needs. The following customization options are available for the report:
Geographic Analysis
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Further breakdown of the Rest of European minimally invasive surgery market into Russia, Switzerland, Denmark, Austria, and others
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Further breakdown of the Rest of Asia Pacific minimally invasive surgery market into South Korea, Taiwan, and others
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Further breakdown of the Rest of Latin American minimally invasive surgery market into Argentina, Colombia, Chile, Ecuador, and others
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Further breakdown of the Southeast Asian minimally invasive surgery market into Malaysia, Singapore, Australia, New Zealand, and others
Competitive Landscape Assessment
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Market share analysis, by region (North America and Europe), which provides market shares of the top 3–5 key players in the minimally invasive surgery market
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Competitive leadership mapping for established players in the US
Growth opportunities and latent adjacency in Minimally Invasive Surgery Market