Minimally Invasive Surgical Instrument Market Size

Minimally Invasive Surgical Instrument Market Size

Minimally Invasive Surgical Instrument Market was valued at over USD 25.7 billion in 2023 and is anticipated to grow at a CAGR of over 8.1% between 2024 & 2032. This robust market growth can be attributed to various factors, including the increasing prevalence of chronic diseases, continual technological advancements, growing aging population, and rise in surgical volumes among others. Additionally, surging demand for cosmetic and aesthetic procedures, and increasing investments in healthcare infrastructure are also supporting the market growth.

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Moreover, cardiovascular disorders, diabetes, and obesity are on the rise globally. Many of these diseases demand surgical intervention, and minimally invasive methods are often chosen as they have a relatively lower impact on the patient's health. The growing incidence of chronic diseases is a major factor for the adoption of MIS instruments. For instance, according to the Centers for Disease Control and Prevention, in 2022, 38.4 million Americans, or 11.6% of the U.S. population had diabetes. Furthermore, continuous advances in materials science and instrument design enable to create more durable, flexible, and efficient minimally invasive surgical devices. Instruments with enhanced ergonomics and materials, such as lightweight alloys and advanced polymers, increase surgical procedure usability and performance.
 

Minimally invasive surgical instruments are specialized tools designed for performing surgical procedures through small incisions or natural body openings. These instruments enable surgeons to access and visualize internal organs or structures with minimal disruption to surrounding tissues.