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Global Minimally Invasive Surgical Systems Market

Focus on Product Type, Application, End Users, 25 Countries’ Data, Patent Scenario, and Competitive Landscape - Analysis and Forecast, 2021-2031

 
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The global minimally invasive surgical systems market is estimated to be valued at $27,882.8 million in 2020 and is anticipated to reach $55,716.7 million by the end of 2031, growing at a CAGR of 6.3% during 2021-2031.
The top market players are Arthrex Inc., Asensus Surgical, Inc., Boston Scientific Corporation, Conmed Corporation, Fujifilm Holdings Corporation, Intuitive Surgical, Inc., Karl Storz SE & Co. KG, Medtronic plc, Olympus Corporation, Hoya Corporation (Pentax Medical), Siemens Healthineers AG, Smith & Nephew plc, Sony Corporation, Stryker Corporation, Zimmer Biomet Holdings, Inc.
Factors driving the growth of the minimally invasive surgical systems market are rising incidence of chronic diseases, advantages over open surgeries, increase in global geriatric population, increasing healthcare costs, and technological advancement in minimally invasive surgical procedures and technologies.
Some of the main challenges restricting the growth of the minimally invasive surgical systems market are high cost of minimally invasive surgical robotic systems, shortage of skilled professionals, and restrictive reimbursement landscape.
The potential opportunities that are likely to boost the growth of the minimally invasive surgical systems market are engage in mergers and acquisitions to diversify endoscopic portfolio, development of surgical simulators for training professionals, and development of low-cost surgical robotic systems.
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