Australia Minimally Invasive Surgical Instruments Market Size & Outlook
Australia minimally invasive surgical instruments market, 2018-2030 (US$M)
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Australia minimally invasive surgical instruments market highlights
- The Australia minimally invasive surgical instruments market generated a revenue of USD 724.8 million in 2023 and is expected to reach USD 1,465.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, handheld instruments was the largest revenue generating type in 2023.
- Electrosurgical Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Minimally invasive surgical instruments market data book summary
| Market revenue in 2023 | USD 724.8 million |
| Market revenue in 2030 | USD 1,465.1 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Handheld instruments |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring & Visualization Devices |
| Key market players worldwide | Medtronic PLC, Siemens Healthineers AG ADR, Johnson & Johnson, GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Intuitive Surgical Inc, Zimmer Biomet Holdings Inc |
Other key industry trends
- In terms of revenue, Australia accounted for 2.3% of the global minimally invasive surgical instruments market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan minimally invasive surgical instruments market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,116.4 million by 2030.
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Minimally Invasive Surgical Instruments Market Scope
Minimally Invasive Surgical Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia minimally invasive surgical instruments market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to minimally invasive surgical instruments market will help companies and investors design strategic landscapes.
Handheld instruments was the largest segment with a revenue share of 22.7% in 2023. Horizon Databook has segmented the Australia minimally invasive surgical instruments market based on handheld instruments, inflation devices, cutter instruments, guiding devices, electrosurgical devices, auxiliary devices, monitoring & visualization devices covering the revenue growth of each sub-segment from 2018 to 2030.
Australia depends majorly on import of medical devices from countries such as Japan and the U.S. The Australian medical devices market is governed by Australia TGA’s medical devices regulations.
The Australian market is mature and receptive toward new technologies, resulting in faster adoption of advanced products like minimally invasive surgical instruments.
This encourages major players to enter the market, which is expected to promote the growth of minimally invasive surgical instruments market over the forecast period.
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Our clientele includes a mix of minimally invasive surgical instruments market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia minimally invasive surgical instruments market , including forecasts for subscribers. This country databook contains high-level insights into Australia minimally invasive surgical instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia minimally invasive surgical instruments market size, by type, 2018-2030 (US$M)
Australia Minimally Invasive Surgical Instruments Market Outlook Share, 2023 & 2030 (US$M)
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