Minimally Invasive Surgery (MIS) Market Pegged for Robust Expansion by 2026

Posted by Rohini Chaudhari on February 10th, 2020

Transparency Market Research (TMR) has published a new report titled, “M.I.S. (Laparoscopic Surgery, Robotic Surgery, EMR, ESD) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”.

According to the report, the global M.I.S. (laparoscopic surgery, robotic surgery, EMR, ESD) market was valued at US$ 1.1 Bn in 2017 and is projected to expand at a CAGR of 9.2% from 2018 to 2026. Rise in prevalence of various gastric diseases and cancers is anticipated to drive demand for M.I.S. (laparoscopic surgery, robotic surgery, EMR, ESD) surgeries during the forecast period.

North America and Europe are projected to dominate the global M.I.S. (laparoscopic surgery, robotic surgery, EMR, ESD) market owing to higher rate of adoption and awareness about minimally invasive surgeries.

Colorectal Cancer Segment Accounted for Significant Market Share

• The global M.I.S. (laparoscopic surgery, robotic surgery, EMR, ESD) market has been segmented based on procedure, indication, and region. In terms of procedure, the global I.S. (laparoscopic surgery, robotic surgery, EMR, ESD) market has been classified into laparoscopic surgery, robotic surgery, endoscopic mucosal resection, and endoscopic sub-mucosal dissection.
• In terms of indication, the global M.I.S. (laparoscopic surgery, robotic surgery, EMR, ESD) market has been segmented into gastric cancer, Barrett’s esophagus, small intestine (duodenum) cancer, colorectal cancer, esophageal cancer, and others.
• Colorectal cancer is projected to be a highly attractive segment during the forecast period. The segment is anticipated to continue to lead the market from 2018 to 2026 due to increase in geriatric population, changing lifestyles leading to high prevalence of obesity, and rise in demand for minimally invasive procedures. However, the Barrett’s esophagus segment is expected to expand at a high CAGR during the forecast period due to rise in prevalence of Barrett’s esophagus across the globe.

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