Minimally invasive surgical devices market to reach $31b by 2034

The Asia Pacific region is expected to witness the fastest growth.

The minimally invasive surgical devices market is projected to expand at a compound annual growth rate of 7%, to $31b by 2034, driven by the growing preference for minimally invasive surgical procedures, according to a DelveInsight Business Research report.

It will also be driven by the rise in chronic diseases, which in turn is increasing the number of surgical interventions globally.

By region, North America holds the dominant share of the market, due to several structural and strategic factors.

Meanwhile, the Asia–Pacific region is emerging as a major growth centre driven by large and ageing populations in China, Japan, and India in need of surgical procedures.