Germany Minimally Invasive Surgery Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Germany Minimally Invasive Surgery Devices Market Analysis
Minimally-invasive surgeries (MIS) create less post-operative pain, and patients receive smaller dosages of pain killers. As there are minimal cuts or stitches involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to a quicker recovery. Besides, the body scars involved in MIS are barely noticeable. The main advantage of MIS over the traditional open surgeries is the higher precision due to video-assisted equipment, which produces a better and magnified image of the organs or body parts being operated. These surgeries are gaining wider acceptance among the geriatric population, due to the relatively shorter recovery time. Developed countries like Germany have much more awareness regarding these advanced devices and have a much higher adoption rate than most countries. Moreover, the benefits associated with minimally invasive surgeries are also increasing the adoption rate of MIS devices. These factors are expected to increase the overall growth of the market over the forecast period.
Germany Minimally Invasive Surgery Devices Market Trends
This section covers the major market trends shaping the Germany Minimally Invasive Surgery Devices Market according to our research experts:
Orthopedic Surgery Segment is Expected to Exhibit Fastest Growth Rate Over the Forecast Period
Orthopedic surgery is concerned with conditions involving the musculoskeletal system. Orthopedic surgeries are used as both surgical and nonsurgical means to treat or correct musculoskeletal trauma, spine diseases, sports injuries, degenerative diseases, infections, tumors, and congenital disorders.
Elderly patients are more prone to spinal injuries. As a result, more elderly patients have concerns regarding back pain other structural joint issues. These surgeries are expected to increase in Germany as the geriatric population in Germany is high and is also expected to increase in the future. Moreover, a high adoption rate and demand for more minimally invasive procedures are expected to drive the growth of Germany's market.
Germany Minimally Invasive Surgery Devices Industry Overview
Germany is a developed country and also surrounded by other developed European nations. As a result, it enjoys the presence of most of the global players in the market. Moreover, awareness of advances in science and technology is more in developed regions like Germany than in other developing or underdeveloped regions of the world. As a result, the demand for these devices is more, making the market even more competitive.
Germany Minimally Invasive Surgery Devices Market Leaders
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GE Healthcare
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Medtronic PLC
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Olympus Corporation
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Siemens Healthineers
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Smith & Nephew
*Disclaimer: Major Players sorted in no particular order
Germany Minimally Invasive Surgery Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Higher Acceptance Rate of Minimally-invasive Surgeries over Traditional Surgeries in Country
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4.2.2 Increasing Prevalence of Lifestyle-related and Chronic Disorders
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4.3 Market Restraints
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4.3.1 Uncertain Regulatory Framework
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Handheld Instruments
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5.1.2 Guiding Devices
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5.1.3 Electrosurgical Devices
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5.1.4 Endoscopic Devices
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5.1.5 Monitoring and Visualization Devices
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5.1.6 Robotic Assisted Surgical Systems
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5.1.7 Ablation Devices
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5.1.8 Laser Based Devices
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5.1.9 Other MIS Devices
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5.2 By Application
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5.2.1 Aesthetic
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5.2.2 Cardiovascular
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5.2.3 Gastrointestinal
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5.2.4 Gynecological and Urological
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5.2.5 Orthopedic
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5.2.6 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Abbott Laboratories
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6.1.2 GE Healthcare
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6.1.3 Intuitive Surgical Inc.
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6.1.4 Koninklijke Philips NV
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6.1.5 Medtronic PLC
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6.1.6 Olympus Corporation
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6.1.7 Siemens Healthineers
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6.1.8 Smith & Nephew
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6.1.9 Stryker Corporation
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6.1.10 Zimmer Biomet
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Germany Minimally Invasive Surgery Devices Industry Segmentation
As per the scope of this report, minimally-invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment used during the minimally-invasive procedure.
| By Product | |
| Handheld Instruments | |
| Guiding Devices | |
| Electrosurgical Devices | |
| Endoscopic Devices | |
| Monitoring and Visualization Devices | |
| Robotic Assisted Surgical Systems | |
| Ablation Devices | |
| Laser Based Devices | |
| Other MIS Devices |
| By Application | |
| Aesthetic | |
| Cardiovascular | |
| Gastrointestinal | |
| Gynecological and Urological | |
| Orthopedic | |
| Other Applications |
Germany Minimally Invasive Surgery Devices Market Research FAQs
What is the current Germany Minimally Invasive Surgery Devices Market size?
The Germany Minimally Invasive Surgery Devices Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Germany Minimally Invasive Surgery Devices Market?
GE Healthcare, Medtronic PLC, Olympus Corporation, Siemens Healthineers and Smith & Nephew are the major companies operating in the Germany Minimally Invasive Surgery Devices Market.
What years does this Germany Minimally Invasive Surgery Devices Market cover?
The report covers the Germany Minimally Invasive Surgery Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Germany Minimally Invasive Surgery Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Germany Minimally Invasive Surgery Devices Industry Report
Statistics for the 2024 Germany Minimally Invasive Surgery Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Germany Minimally Invasive Surgery Devices analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
