Minimally Invasive Surgery Devices Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The Minimally Invasive Surgery Devices Market is projected to expand from USD 32.12 billion in 2023 to USD 44.20 billion by 2028, with a forecasted Compound Annual Growth Rate (CAGR) of 6.59% during the period of 2023-2028.

The COVID-19 pandemic had a significant impact on this market. Initially, due to restricted hospital visits and postponed surgeries, the demand for Minimally Invasive Surgery (MIS) devices decreased, affecting market growth. However, as lockdowns eased and surgeries resumed under specialized regulations from early 2021, measures were taken to ensure the safety of minimal access approaches during the pandemic. Studies, such as one published in July 2022 in the Global Journal of Medical Pharmaceutical and Biomedical Update, indicated that with proper patient selection and precautions, MIS approaches were deemed safe during the pandemic and contributed to reducing disease transmission due to shorter hospital stays. This led to the implementation of guidelines that significantly lowered COVID-19 infection rates in later phases. Consequently, the pandemic notably impacted the demand for MIS, a trend that might persist in the future. Therefore, the market's growth is expected to rebound and return to pre-pandemic levels over the forecast period.

Key drivers contributing to market growth include the increasing prevalence of lifestyle-related and chronic ailments, along with a growing preference for minimally invasive procedures. MIS offers numerous benefits like fewer incisions, reduced infection risks, and faster recovery times, prompting physicians to recommend these procedures for treating various chronic conditions in fields like gynecology, urology, gastrointestinal issues, and more. For instance, an article published in the Annals of Medicine and Surgery Journal in October 2021 highlighted the replacement of several aspects of traditional surgery by MIS, citing improved survival rates, fewer complications, and quicker recoveries in recent years. Consequently, the escalating adoption of MIS procedures is expected to drive market growth in the foreseeable future.


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