Germany Minimally Invasive Surgery Devices Market Outlook 2031
The Germany minimally invasive surgery devices market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during the forecast period, 2023–2031. The growth of the market is attributed to increase in prevalence of chronic diseases.
Minimally invasive surgery is a term used for describing smaller incision. Minimally invasive surgery is a surgical procedure conducted through small opening in place of large incision. A surgeon uses a broad range of technique to work with minimally damage to the body. Minimally invasive surgery is correlated with less pain, fewer complications, and shorter hospital stay.
The COVID-19 pandemic had a negative impact on the minimally invasive surgery devices market, as hospitals and healthcare systems reduced non-emergency surgeries, including robotic-assisted procedures, endoscopies, laparoscopies as well as minimally invasive diagnostic procedures.
Minimally Invasive Surgery Devices Market Trends, Drivers, Restraints, and Opportunities
- Increasing funding from private & government organizations for development of healthcare infrastructure and advancements in technologies is anticipated to drive the market growth during the forecast period.
- Rising demand for laparoscopic surgery is estimated to spur the market growth in the coming years.
- Growing geriatric population is projected to boost the market growth in the coming years.
- Increasing number of surgeries is anticipated to drive the market growth during the forecast period.
- Rising awareness among individuals regarding advantages of minimally invasive surgery is estimated to spur the market growth in the coming years.
- Changing regulatory landscape in the medical device industry can restrict the market growth.
- High cost associated with minimally invasive surgical procedures is estimated to restrict the market growth.
- Shortage of trained professionals can create challenges for the market.
- Emerging markets can create lucrative opportunities for the market.
Scope of Minimally Invasive Surgery Devices Market Report
The report on the Germany minimally invasive surgery devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Minimally Invasive Surgery Devices Market - Germany Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Products (Handheld Instruments, Guiding Devices, Electrosurgical Devices, Endoscopic Devices, Monitoring and Visualization Devices, Robotic Assisted Surgical Systems, Ablation Devices, Laser Based Devices, and Others), and Applications (Aesthetic, Cardiovascular, Gastrointestinal, Gynecological, Urological, Orthopedic, and Others)
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Country
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Germany
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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GE Healthcare; Medtronic PLC; Olympus Corporation; Siemens Healthineers; and Smith and Nephew
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Germany Minimally Invasive Surgery Devices Market Segment Insights
Electrosurgical devices segment to hold a significant market share
On the basis of products, the market is divided into handheld instruments, guiding devices, electrosurgical devices, endoscopic devices, monitoring and visualization devices, robotic assisted surgical systems, ablation devices, laser based devices, and others. The handheld instruments segment is expected to hold a key share of the market in the coming years owing to the low cost of articulating laparoscopic handheld surgical instruments, the increasing number of surgical procedures, and the rising technological innovations in handheld instruments. However, the electrosurgical devices segment is anticipated to expand at a rapid pace during the forecast period, as it prevent blood loss in hospital operating rooms or in outpatient procedures.
Orthopedic segment is expected to grow at a rapid pace
Based on applications, the market is segregated into aesthetic, cardiovascular, gastrointestinal, gynecological, urological, orthopedic, and others. The cardiovascular segment is anticipated to hold a key share of the market in the coming years due to increasing number of coronary and percutaneous cardiology interventions, the growing adoption of MIS instruments in these surgical procedures On the other hand, the orthopedic segment is anticipated to expand at a rapid pace during the forecast period owing to reduced pain and improved range of motion in the affected joints.
Segments
The Germany minimally invasive surgery devices market has been segmented on the basis of
Products
- Handheld Instruments
- Guiding Devices
- Electrosurgical Devices
- Endoscopic Devices
- Monitoring and Visualization Devices
- Robotic Assisted Surgical Systems
- Ablation Devices
- Laser Based Devices
- Others
Applications
- Aesthetic
- Cardiovascular
- Gastrointestinal
- Gynecological
- Urological
- Orthopedic
- Others
Country
Key Players
Competitive Landscape
Key players competing in the Germany minimally invasive surgery devices market includes GE Healthcare; Medtronic PLC; Olympus Corporation; Siemens Healthineers; and Smith and Nephew. Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
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