The Minimally Invasive Gastrointestinal Surgical Systems Market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2022-27. This detailed analysis offers valuable insights into the key growth drivers, geographical dynamics, and emerging trends that are poised to shape the market’s trajectory in the coming years.
Moreover, rising intricacies in clinical decision-making, the immense burden on radiologists, massive investments in R&D & healthcare infrastructure development, and the growing number of promising results in minimally invasive surgeries are further boosting the market.
Minimally invasive gastrointestinal surgeries are as effective as conventional surgical systems, and, in fact, they promise to provide even better outcomes in some instances. They involve less pain, rapid recoveries, and reduced risks of wound complications, including scar tissue formation, hernias, or other related infections. As a result, the rising awareness among patients of these benefits is leading to frequent hospital visits for GI treatment and, in turn, indicating new directions for the Global Minimally Invasive Gastrointestinal Surgical Systems Market to expand notably in the coming years.
However, the uncertain regulatory framework, significantly high costs of minimally invasive surgeries, lack of skilled professionals, inadequate or limited reimbursement policies for surgical procedures, and long waiting queues for patients across most regions worldwide are the major growth restraints to the Global Minimally Invasive Gastrointestinal Surgical Systems Market during 2022-27.
Exploring the Market Dynamics: What’s Driving the Growth of Minimally Invasive Gastrointestinal Surgical Systems Market?
Innovations in Surgical Systems & Increasing Prevalence of GI Disorders Worldwide: The healthcare sector is witnessing massive R&D investments in the innovation & development of more efficient minimally invasive surgeries for various diseases, including GI disorders, the patient pool of which is rapidly rising globally. Governments of different countries are taking various initiatives toward making more & more people aware of the increasing availability of more efficient therapeutics, owing to which there’s a rising number of hospital visits for GI treatment. Hence, these aspects are projected to create lucrative prospects for the Global Minimally Invasive Gastrointestinal Surgical Systems Market during 2022-27.
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Key Takeaways from the Market Study:
- Historical Data: 2017-20
- Base Year: 2021
- Forecast Period: 2022-27
- CAGR(2022-2027): 7%
- Key Players to Watch: Braun Melsungen AG, Conmed Corporation, Karl Storz SE & Co. KG, Medtronic plc, Olympus Corporation, Stryker Corporation, TransEnterix, Inc, Boston Scientific Corporation, Cook Medical, Inc, Richard Wolf GmbH, Intuitive Surgical, Inc, Ambu A/S, Schölly Fiber Optic GmbH, Xenocor, Inc, Fujifilm Holdings Corporation, Pentax Medical (Hoya Corporation) are expected to play a pivotal role in driving market growth through strategic investments, partnerships, and innovation.
Market Segmentation of Minimally Invasive Gastrointestinal Surgical Systems Industry
The Minimally Invasive Gastrointestinal Surgical Systems market is segmented as follows:
- By Product Type
- Conventional Minimally Invasive Gastrointestinal Surgical Systems (MISS)
- Endoscopes and Endoscopy Systems
- Rigid Endoscopes
- Flexible Endoscopes
- Capsule Endoscopy
- Workstations and Data Recorders
- Capsules
- Others
- Videoscopes
- Endoscopy Ultrasound
- Therapeutic Energy Devices
- Point of Sales
- Endoscopes and Endoscopy Systems
- Surgical Robotics
- Robotic Systems
- Robotic Surgery Instruments and Accessories
- Services
- Conventional Minimally Invasive Gastrointestinal Surgical Systems (MISS)
- By Surgery
- Adrenalectomy
- Appendectomy
- Bariatric Surgery
- Cholecystectomy
- Colon and Rectal Surgery
- Foregut Surgery
- Hernia Repair
- Others (Nephrectomy, Splenectomy, etc.)
According to report, the rechargeable segment holds a larger share of the Global Minimally Invasive Gastrointestinal Surgical Systems Market mainly due to their lower costs.
- By End User
- Specialty Clinics
- Conventional Gastrointestinal Surgical Systems (MISS) Vs Surgical Robotics
- Hospitals
- Conventional Gastrointestinal Surgical Systems (MISS) Vs Surgical Robotics
- Ambulatory Surgical Centres
- Conventional Gastrointestinal Surgical Systems (MISS) Vs Surgical Robotics
- Specialty Clinics
According to reports, offline retail holds the largest market share.
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Minimally Invasive Gastrointestinal Surgical Systems Market Geographical Analysis
North America
South America
Europe
Middle East & Africa
Asia-Pacific
According to reports, North America holds a prominent share of the Minimally Invasive Gastrointestinal Surgical Systems Market
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