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Minimally Invasive Surgical Instrument Market Share

Report ID: GMI7717
Published Date: Dec 2023
Report Format: PDF

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Minimally Invasive Surgical Instrument Market Share

The minimally invasive surgical instrument industry is moderately competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy. Some of the leading industry players including Medtronic Plc, Siemens Healthineers AG, Ethicon, Inc. (Johnson & Johnson), and GE Healthcare, among others have a notable presence in the market.

Minimally Invasive Surgical Instrument Market Companies

Some of the eminent market participants operating in the minimally invasive surgical instrument industry include:

Medtronic Plc
Siemens Healthineer AG
Ethicon, Inc. (Johnson & Johnson)
GE Healthcare
Abbott Laboratories
Intutive Surgical, Inc.
Nuvasive, Inc.
Zimmer Biomet
Stryker Corporation
Boston Scientific Corporation
B. Braun Melsungen AG
CONMED Corporation
Smith & Nephew Plc.
Becton, Dickinson and Company

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global market for minimally invasive surgical instrument was valued at over USD 25.7 billion in 2023 and is estimated to reach around USD 53.3 billion by 2032 attributed to the increasing prevalence of chronic diseases, continual technological advancements, and rise in the volume of surgeries among others.

The handheld instruments segment was valued at around USD 6.1 billion revenue in 2023 and is expected to grow significantly through 2032 owing to continuous advancements in portable device designs.

North America minimally invasive surgical instrument industry accounted for USD 10.2 billion revenue in 2023 and is predicted to witness substantial growth through 2032 due to continuous advancements in robotics, imaging technologies, and rising popularity of smart instruments.

Medtronic Plc, Siemens Healthineer AG, Ethicon, Inc. (Johnson & Johnson), GE Healthcare, Abbott Laboratories, Intutive Surgical, Inc., Nuvasive, Inc., Zimmer Biomet, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, CONMED Corporation, Smith & Nephew Plc., and Becton, Dickinson and Company.