North America Minimally Invasive Surgical Instruments Market Size & Outlook
North America Minimally Invasive Surgical Instruments Market, 2018-2030 (US$M)
Global Market
Related Markets
North America minimally invasive surgical instruments market highlights
- The North America minimally invasive surgical instruments market generated a revenue of USD 9,456.6 million in 2023.
- The market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, handheld instruments was the largest revenue generating type in 2023.
- Electrosurgical Devices is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 9,456.6 million |
| Market revenue in 2030 | USD 18,983.1 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Handheld instruments |
| Fastest growing segment | Electrosurgical Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring & Visualization Devices |
| Key market players worldwide | Medtronic PLC, Siemens Healthineers AG ADR, Johnson & Johnson, GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Intuitive Surgical Inc, Zimmer Biomet Holdings Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 29.9% of the global minimally invasive surgical instruments market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,349.1 million by 2030.
North America dominated the minimally invasive surgical instruments market. Major factors contributing to the growth of this region include government support for quality healthcare, high purchasing power parity, availability of reimbursement, and increasing prevalence of chronic disorders, such as cardiac, gastrointestinal, and & orthopedic disorders, in the U.S. and Canada.
For instance, in the U.S., the Patient Protection and Affordable Care Act (PPACA), also known as ObamaCare, promotes quality and & affordability of health insurance and reduces the cost of healthcare for individuals & government.
In addition, Precision Medicine Initiative is helping formulate tailored strategies for on unique characteristics of diseases. Hence, such government initiatives are helping improve the overall healthcare system, thus boosting growth of minimally invasive surgical instruments market.
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Minimally Invasive Surgical Instruments Market Scope
Minimally Invasive Surgical Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson & Johnson | View profile | 134,400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | www.jnj.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Siemens Healthineers AG ADR | View profile | 71,400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | www.siemens-healthineers.com |
| Zimmer Biomet Holdings Inc | View profile | 18,000 | 345 East Main Street, Warsaw, IN, United States, 46580 | www.zimmerbiomet.com |
| Intuitive Surgical Inc | View profile | 13,676 | 1020 Kifer Road, Sunnyvale, CA, United States, 94086-5304 | www.intuitive.com |
North America Minimally Invasive Surgical Instruments Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Minimally Invasive Surgical Instruments Market Outlook will help companies and investors design strategic landscapes.
Handheld Instruments was the largest segment with a revenue share of 22.04% in 2023.
Horizon Databook has segmented the North America minimally invasive surgical instruments market based on handheld instruments, inflation devices, cutter instruments, guiding devices, electrosurgical devices, auxiliary devices, monitoring & visualization devices covering the revenue growth of each sub-segment from 2018 to 2030.
North America dominated the minimally invasive surgical instruments market. Major factors contributing to the growth of this region include government support for quality healthcare, high purchasing power parity, availability of reimbursement, and increasing prevalence of chronic disorders, such as cardiac, gastrointestinal, and & orthopedic disorders, in the U.S. and Canada.
For instance, in the U.S., the Patient Protection and Affordable Care Act (PPACA), also known as ObamaCare, promotes quality and & affordability of health insurance and reduces the cost of healthcare for individuals & government.
In addition, Precision Medicine Initiative is helping formulate tailored strategies for on unique characteristics of diseases. Hence, such government initiatives are helping improve the overall healthcare system, thus boosting growth of minimally invasive surgical instruments market.
- North America Minimally Invasive Surgical Instruments Market Type Outlook (Revenue, USD Million , 2018-2030)
- Handheld Instruments
- Inflation Devices
- Cutter Instruments
- Guiding Devices
- Electrosurgical Devices
- Auxiliary Devices
- Monitoring & Visualization Devices
- North America Minimally Invasive Surgical Instruments Market Application Outlook (Revenue, USD Million , 2018-2030)
- Cardiac
- Gastrointestinal
- Orthopedic
- Vascular
- Gynecological
- Urological
- Thoracic
- Cosmetic
- Dental
- Others
- North America Minimally Invasive Surgical Instruments Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Ambulatory Surgical Centers
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North America Minimally Invasive Surgical Instruments Market, 2018-2030 (US$M)
North America minimally invasive surgical instruments market statistics, by type, 2018-2030 (US$M)
