China Minimally Invasive Surgical Instruments Market Size & Outlook
China minimally invasive surgical instruments market, 2018-2030 (US$M)
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China minimally invasive surgical instruments market highlights
- The China minimally invasive surgical instruments market generated a revenue of USD 1,517.9 million in 2023 and is expected to reach USD 3,138.1 million by 2030.
- The China market is expected to grow at a CAGR of 10.9% 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 1,517.9 million |
| Market revenue in 2030 | USD 3,138.1 million |
| Growth rate | 10.9% (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, China accounted for 4.8% 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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China 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 21.54% in 2023. Horizon Databook has segmented the China 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.
With the high unmet needs of a large population, the market is expected to grow over the forecast period. Moreover, with many healthcare reforms in China, the market is expected to exhibit substantial growth.
For instance, LifeSeeds, a China Rural Health Initiative (CRHI), is expected to provide healthcare access to unattended parts of China, thus creating opportunities for market players. Moreover, growing investments by major market players and an increasing geriatric population are among the factors expected to accelerate market growth.
Furthermore, increasing healthcare investments to treat chronic diseases, such as cardiovascular diseases, osteoporosis, and thoracic & vascular conditions, along with the growing geriatric population, are expected to propel the growth of the minimally invasive surgical instruments market.
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Horizon Databook provides a detailed overview of country-level data and insights on the China minimally invasive surgical instruments market , including forecasts for subscribers. This country databook contains high-level insights into China minimally invasive surgical instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China minimally invasive surgical instruments market size, by type, 2018-2030 (US$M)
China Minimally Invasive Surgical Instruments Market Outlook Share, 2023 & 2030 (US$M)
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