China Minimally Invasive Surgery Devices Market Size (2024 - 2029)

China Minimally Invasive Surgery Devices Market Analysis

The China Minimally Invasive Surgery Devices Market size is estimated at USD 1.56 billion in 2024, and is expected to reach USD 2.45 billion by 2029, growing at a CAGR of 9.45% during the forecast period (2024-2029).

The COVID-19 pandemic caused a drop in the market in 2020 as the number of elective and planned surgeries had been drastically reduced. Further, the logistical restrictions, disrupted raw material supplies, and hospitals' economic instabilities led to a market decline.

• Factors such as smaller incisions, reduction in healing time, reduced anastatic use, decreased hospital stays, and improved accuracy have improved product adoption of Minimally Invasive Surgery (MIS) devices by most surgeons across the country.
• In recent years, China's rapidly aging population and rising income level have put the spotlight on China's health system. According to South China Morning Post, China's aging crisis is deepening with the falling number of new births. According to the same source, China had 280.04 million people over 60 at the end of the last year, up from 267.36 million people or 18.9 percent of the population at the end of 2021.
• Thus, aging and significant government investment have provided the country's healthcare sector with new growth avenues. For instance, the 2009 Health Reform made by the government increased fiscal subsidies for public health from RMB15 per capita in 2009 to RMB84 per capita in the last year. Therefore, the rising affordability of the general population towards healthcare services is driving the growth of the Minimally Invasive Surgery market in China.
• Increased investments in healthcare infrastructure by various organizations and hospitals are expected to create opportunities for manufacturers. Surgical wards in newly built hospitals are envisioned to be equipped with advanced surgical equipment to provide a high standard of medical care in China, which is expected to propel market growth over the forecast period.
• The increasing prevalence and fatality of chronic diseases in China demand innovative and advanced solutions to counter evolving health problems. According to SpringerLink, last year, approximately 2.79 million cases and 1.94 million deaths occurred in older Chinese people. This presents 55.8% and 68.2% of cases and deaths in all populations in the country.

China Minimally Invasive Surgery Devices Industry Segmentation

Minimally invasive surgery involves surgical techniques requiring fewer incisions or shorter recovery time. A minimally invasive medical device is implanted within a patient during such surgery. Many procedures involve using arthroscopic or laparoscopic devices and remote-control instrument manipulation with indirect observation via an endoscope or large display panel. The surgery is generally carried out through the skin, a small body cavity, or an anatomical opening and can involve a robot-assisted system.

The China Minimally Invasive Surgery Devices Market is Segmented by Type of Product (Surgical Equipment, Monitoring and Visualization Equipment, Robotic Assisted Surgical Systems, electrosurgical systems), By Technology (Laparoscopy, Endoscopy, Robot - Assisted Methods, Arthroscopic Techniques, Ablative Techniques), By Applications (Cardiac Surgery, Gastrointestinal Surgery, Neurosurgery, Gynecologic Surgery, Urological Surgery, Cosmetic and bariatric surgery).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.