U.S. Minimally Invasive Surgical Instruments Market Size & Outlook
U.S. Minimally Invasive Surgical Instruments Market, 2018-2030 (US$M)
Global Market
Related Markets
U.S. minimally invasive surgical instruments market highlights
- The U.S. minimally invasive surgical instruments market generated a revenue of USD 8,286.8 million in 2023 and is expected to reach USD 16,416.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10.3% 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.
Minimally invasive surgical instruments market data book summary
| Market revenue in 2023 | USD 8,286.8 million |
| Market revenue in 2030 | USD 16,416.0 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Handheld instruments |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 26.2% of the global minimally invasive surgical instruments market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. minimally invasive surgical instruments market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,566.9 million by 2030.
The U.S. held a lucrative share in the minimally invasive surgical instruments market, with the highest per capita GDP of over USD 46,760 and per capita health expenditure of USD 7,720. This country has a well-developed healthcare system with advanced treatment facilities.
This is expected to boost the demand for minimally invasive procedures. As most of the patients undergoing these surgeries are elderly, Medicare reimbursement policy helps reduce expenses, which is expected to fuel the growth of minimally invasive surgical instruments market in the country.
In addition, rising geriatric population and growing incidence of obesity have increased the risk of several chronic diseases globally, which is anticipated to boost the adoption of minimally invasive surgical instruments.
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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 |
U.S. 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 22.12% in 2023.
Horizon Databook has segmented the U.S. 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.
The U.S. held a lucrative share in the minimally invasive surgical instruments market, with the highest per capita GDP of over USD 46,760 and per capita health expenditure of USD 7,720. This country has a well-developed healthcare system with advanced treatment facilities.
This is expected to boost the demand for minimally invasive procedures. As most of the patients undergoing these surgeries are elderly, Medicare reimbursement policy helps reduce expenses, which is expected to fuel the growth of minimally invasive surgical instruments market in the country.
In addition, rising geriatric population and growing incidence of obesity have increased the risk of several chronic diseases globally, which is anticipated to boost the adoption of minimally invasive surgical instruments.
- U.S. 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
- U.S. Minimally Invasive Surgical Instruments Market Application Outlook (Revenue, USD Million , 2018-2030)
- Cardiac
- Gastrointestinal
- Orthopedic
- Vascular
- Gynecological
- Urological
- Thoracic
- Cosmetic
- Dental
- Others
- U.S. Minimally Invasive Surgical Instruments Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Ambulatory Surgical Centers
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. Minimally Invasive Surgical Instruments Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Minimally Invasive Surgical Instruments Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Minimally Invasive Surgical Instruments Market, 2018-2030 (US$M)
U.S. minimally invasive surgical instruments market statistics, by type, 2018-2030 (US$M)
