Market Size of Germany Minimally Invasive Surgery Devices Industry
| 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 |
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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 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 Size Summary
The Germany minimally invasive surgery devices market is experiencing significant growth, driven by the advantages these procedures offer over traditional open surgeries. Minimally invasive surgeries (MIS) result in less post-operative pain, reduced need for painkillers, and shorter hospital stays due to smaller incisions. This leads to quicker recovery times and less noticeable scarring, making MIS increasingly popular, particularly among the elderly who benefit from the reduced recovery period. The use of video-assisted equipment in MIS provides higher precision and better visualization of the organs being operated on, further enhancing their appeal. Germany, with its advanced awareness and higher adoption rates of these devices, is at the forefront of this trend, contributing to the market's expansion.
The demand for minimally invasive surgery devices in Germany is further bolstered by the country's large and growing geriatric population, which is more susceptible to conditions requiring orthopedic surgeries. These surgeries address a range of issues, including musculoskeletal trauma, spine diseases, and degenerative conditions, which are prevalent among older adults. The presence of global market players and a high level of awareness regarding scientific and technological advancements in Germany also contribute to the competitive nature of the market. As a result, the market for minimally invasive surgery devices in Germany is poised for continued growth, driven by the increasing adoption of these advanced surgical techniques.
Germany Minimally Invasive Surgery Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Higher Acceptance Rate of Minimally-invasive Surgeries over Traditional Surgeries in Country
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1.2.2 Increasing Prevalence of Lifestyle-related and Chronic Disorders
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1.3 Market Restraints
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1.3.1 Uncertain Regulatory Framework
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Handheld Instruments
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2.1.2 Guiding Devices
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2.1.3 Electrosurgical Devices
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2.1.4 Endoscopic Devices
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2.1.5 Monitoring and Visualization Devices
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2.1.6 Robotic Assisted Surgical Systems
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2.1.7 Ablation Devices
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2.1.8 Laser Based Devices
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2.1.9 Other MIS Devices
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2.2 By Application
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2.2.1 Aesthetic
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2.2.2 Cardiovascular
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2.2.3 Gastrointestinal
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2.2.4 Gynecological and Urological
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2.2.5 Orthopedic
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2.2.6 Other Applications
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Germany Minimally Invasive Surgery Devices Market Size 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.
