Global Minimally Invasive Surgical Devices Patent Landscape Report 2024

Global Minimally Invasive Surgical Devices Market Size

The global minimally invasive surgical devices market was valued at USD 30.71 billion in 2023. It is expected to grow at a CAGR of 8.7% during the forecast period of 2024-2032 and attain a market value of USD 65.06 billion by 2032.

The market growth is driven by the rising incidence of chronic diseases. Patents are focused on advanced technologies such as monitoring and visualization devices along with robotic-assisted surgical systems among minimally invasive surgical devices.

Patent Landscape Report Coverage

The Global Minimally Invasive Surgical Devices Patent Landscape Report provides a comprehensive and in-depth analysis of the patents in this growing industry. The key sections captured in the report for minimally invasive surgical devices include a thorough examination of the patent portfolios of key players, covering aspects such as the number of patents and types of technologies patented. It includes the latest trends, geographical distribution of patents, top IP player profiles, technological segmentation, and patent valuation associated with minimally invasive surgical devices. The breakdown of patents by technical segments is provided, giving more clarity on the specific areas of innovation within minimally invasive surgical device technologies.

Key Inclusions

• Patent Valuation Analysis

An evaluation and competitive benchmarking of key members of unique patent families are covered in the analysis for minimally invasive surgical device technologies. The important parameters have been taken into consideration including IP document, year of application, number of citations, time to expiry, and jurisdiction associated with Minimally Invasive Surgical Devices.

• Analysis of Patent Applications

A comprehensive summary of several patent applications which were filed across different jurisdictions for minimally invasive surgical devices and their relative value are covered. The analysis will cover the capital in terms of innovation and innovation type.

• Analysis of Granted Patents

Detailed analysis of the granted patents across different jurisdictions for minimally invasive surgical devices and their relative value in the IP are covered in the final report.

Minimally Invasive Surgical Devices Patent Outlook

• The need for sophisticated surgical procedures to treat chronic diseases like cancer, obesity, and cardiovascular disease is growing and is driving the demand for minimally invasive devices that provide efficient treatment alternatives.

• Improvements in robotic-assisted surgery, sophisticated imaging methods, and better instrumentation are examples of minimally invasive technologies that are constantly evolving and improving surgical precision and patient outcomes, which propels market expansion.

• Due to its advantages over traditional open surgeries, such as less pain, quicker recovery periods, and shorter hospital stays, minimally invasive surgeries are becoming more popular among patients and medical professionals.

What are Minimally Invasive Surgical Devices?

Minimally invasive surgical devices are advanced medical instruments used to perform surgical procedures with smaller incisions, resulting in less tissue damage, less pain, and a quicker recovery. These tools, which improve surgical accuracy and efficiency, include robotic systems, endoscopes, and laparoscopic instruments.

The components of minimally invasive surgical devices include handheld instruments, guiding devices, electrosurgical devices, surgical scopes, ablation devices, monitoring and visualization devices, robotic-assisted surgical systems and others. Electrosurgical devices work on high-frequency electrical currents to cut, coagulate, or remove tissue during surgery, increasing accuracy and decreasing bleeding. These gadgets include things like diathermy units and cautery pens, which are necessary for several open and minimally invasive surgical procedures.

Minimally Invasive Surgical Devices Industry Growth Drivers

Technological Advancement is Expected to Boost the Patent Industry Growth

The market is growing because minimally invasive surgical devices are becoming more functional and effective due to constant innovation. Technological developments in robotic systems, imaging, and instrument design enhance surgical accuracy, patient outcomes, and procedural efficiency. For instance, da Vinci SP Surgical System, by Intuitive Surgical is a single-port robotic system with improved precision and maneuverability for intricate procedures. This new technology addresses the growing need for more complex and successful surgical solutions, and it represents a significant advancement in minimally invasive surgery.

There is an increase in patent activity which focuses on enhancing the performance of minimally invasive surgical devices as there were 4,974 patent grants in 2022 and by 2023 around 5,424 patents were granted.

Growing Preference for Minimally Invasive Procedures is Expected to Propel Minimally Invasive Surgical Devices Patent Industry

The advantages of minimally invasive devices over traditional open surgeries include less pain, quicker recovery periods, and less scarring. Hence minimally invasive procedures are becoming more popular among patients and medical professionals. The need for cutting-edge surgical instruments that facilitate these operations is driven by this preference.

Minimally Invasive Surgical Devices Patent Segmentation

The report will cover the following sections in detail:

Analysis by Product Type

• Handheld Instruments
  • Graspers
  • Retractors/Elevators
  • Dilators
  • Suturing Instruments
  • Others

• Guiding Devices
  • Guiding Catheters
  • Guidewires

• Electrosurgical Devices
  • Electrosurgery Instruments & Accessories
  • Electrosurgery Generators
  • Patient Return Electrodes
  • Others

• Surgical Scopes
  • Endoscope
  • Laparoscope
  • Gastroscope
  • Cystoscope
  • Ureteroscop
  • Others

• Ablation Devices

• Monitoring and Visualization Devices

• Robotic-assisted Surgical Systems

• Others

Analysis by Application

• Gastrointestinal Surgery

• Gynaecology Surgery

• Urology Surgery

• Orthopaedic and Spine Surgery

• Bariatric Surgery

• Breast Surgery

• Cardiac Surgery

• Cholecystectomy Surgery

• Colectomy Surgery

• Colon and Rectal Surgery

• Ear, Nose, and Throat Surgery

• Others

Minimally Invasive Surgical Devices Patent Segmentation Analysis

The breakup based on product type includes handheld instruments, guiding devices, electrosurgical devices, surgical scopes, ablation devices, monitoring & visualization devices, robotic-assisted surgical systems and others. Monitoring and visualization devices provide real-time data and imaging, which improve patient safety and surgical accuracy. These include instruments that enable surgeons to see internal structures and keep an eye on physiological parameters while performing procedures, such as endoscopes, microscopes, and imaging systems.

Detailed technological data will be provided for all specified segments classified in this report.

Minimally Invasive Surgical Devices Patent Jurisdiction Analysis

The United States is one of the leading jurisdictions for minimally invasive surgical device patents, having around 150,000+ patents. The presence of big companies, well-established healthcare infrastructure, and advanced research and development activities contributes to the regional patent landscape significantly.

Patent Profile of Key Companies

Among the players with minimally invasive surgical device patent families, new entrants have been identified, which can be either established companies or startups developing their first technology in the minimally invasive surgical devices field. Some of the major companies mentioned in this report (a non-exhaustive list) are as follows:

Ethicon Endo Surgery Inc

Founded in 1988, Ethicon Endo-Surgery Inc. is a division of Johnson & Johnson with its headquarters located in Cincinnati, Ohio. The business specializes in minimally invasive surgical instruments, such as cutting-edge technologies for endoscopic and laparoscopic operations. Ethicon Endo-Surgery is committed to using cutting-edge medical technology to enhance surgical results and patient recuperation.

Intuitive Surgical Inc

Intuitive Surgical Inc. is a pioneer in the field of minimally invasive surgical instruments which was founded in 1995 and is based in Sunnyvale, California. The business is well known for its da Vinci robotic surgical systems, which improve control and precision in intricate procedures. Intuitive Surgical is committed to driving continuous innovation and technological advancement in the field of robotic-assisted surgery.

Other companies include Lsi Solutions Inc, Tendyne Holdings Inc, Invuity Inc, Covidien Lp, Edwards Lifesciences Corp, Warsaw Orthopedic INC, Boston Scient Scimed INC, Cilag Gmbh Int, Medtronic PLC, California University, Tyco Healthcare, Massachusetts Inst Technology, Globus Medical INC, among others.

Reasons to Purchase this Report

The minimally invasive surgical devices patent report provides information on the intellectual property (IP) position and strategy of key players. This report can help companies and players looking to enter or invest in this field by -

• Competitive Advantage: The landscape reveals the market leaders, potential partners and innovators and makes it understandable which companies have important patents in this field of minimally invasive surgical devices.

• Innovation Insights: The patent analysis reveals new innovations and technologies in minimally invasive surgical devices.

• Market Positioning: Companies with strong patent portfolios gain a competitive advantage because their intellectual property assets differentiate their products. Understanding their intellectual property strategy reveals the market position of new entrants and potential barriers to entry within minimally invasive surgical device patent landscape.

• Risk Assessment: In technology-intensive fields such as minimally invasive surgical devices, risks of IP infringement are common. Analyzing patent landscapes helps companies assess risk, develop mitigation strategies, and inform licensing, partnering, and acquisition decisions.

Key Questions Answered in the Minimally Invasive Surgical Devices Patent Landscape Report 

• Who are the key players in the minimally invasive surgical device patent landscape?
• How is the patent portfolio distributed geographically?
• What are the emerging trends in minimally invasive surgical device patents?
• How has the patent landscape evolved over time?
• What are the strategic insights for market players and investors?
• What is the technological focus of patents in the minimally invasive surgical devices industry?
• How do patent strategies impact competitive advantage?
• What are the implications of patent filings in minimally invasive surgical devices?
• What are the challenges and opportunities in the minimally invasive surgical devices patent landscape?
• What are the regulatory and legal considerations?
• What technological innovations have recently emerged in minimally invasive surgical devices?

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