The global minimally invasive gastrointestinal surgical systems market size was US$ 5.08 billion in 2021. The global minimally invasive gastrointestinal surgical systems market is forecast to grow to US$ 9.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
COVID-19 Impact Analysis
The COVID-19 pandemic had a negative impact on various economies. Several industries in the healthcare domain witnessed a significant decline in terms of revenue generation. It increased the awareness about advanced robotic assistance for minimally invasive gastrointestinal surgical systems. However, the rising pressure on hospitals to cure the COVID-19 affected patients has been a major drawback for the market growth. As a result, surgeries and other treatments were either canceled or postponed during the pandemic. Thus, the demand for minimally invasive gastrointestinal surgical systems declined drastically.
Factors Influencing the Market Growth
Geographic Analysis
North America is forecast to lead with the highest revenue in the global minimally invasive gastrointestinal surgical system market. The growth of the region is attributed to rapidly increasing cases of GI disorders and growing awareness related to minimally invasive GI surgery. In addition, increasing investments for technological advancements and trending robot-based surgeries will benefit the regional minimally invasive gastrointestinal surgical systems market.
Asia-Pacific is forecast to emerge as a growing minimal invasive gastrointestinal surgical systems market, owing to growing healthcare infrastructure and rising consumer awareness in the region. Moreover, increasing the geriatric population would further benefit the regional market.
Competitors in the Market
Market Segmentation
The global minimally invasive gastrointestinal surgical systems market is segmented on the basis of Product Type, Surgery Type, End-User, and Region.
Insight by Product Type
Insight by Surgery Type
Insight by End-User
Insight by Region