Global Urology Robotic Surgery Market 2016-2020
- Published: Nov 2016
- Pages: 88
- SKU: IRTNTR10791
The 2021-2025 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!
This market research study identifies Intuitive Surgical, Titan Medical, and TransEnterix as the leading players in the global urology robotic surgery market. A comprehensive analysis of this market is also presented by procedure (prostatectomy, nephrectomy, and others), product (robotic surgery systems, instruments and accessories, and services), and geography (the Americas, APAC, and EMEA).
Overview of the global urology robotic surgery market
The global urology robotic surgery market is anticipated to grow at a steady rate and will post a CAGR of around 8% during the forecast period. The growing preference for minimally invasive (MI) surgeries over open surgical methods will drive the growth prospects for the global urology robotic surgery market during the forecast period. With the increasing preference for MI surgeries, the adoption of robotic-assisted techniques is also increasing. To enhance the overall surgical outcome by reducing the recovery time, hospital stay, and postoperative pain, most surgeons prefer robotics to perform complicated surgeries in areas such as urology and gynecology. Robot-assisted techniques allow precise movement of instruments and give a better view of the target area compared to other conventional techniques. Also, robotics is used to perform prostatectomies for prostate cancer and operations on the colon, bladder, rectum, and kidney for the treatment of chronic diseases. This recent rise in the number of surgical procedures is expected to drive the global urology robotic surgery market during the estimated period.
In 2015, the Americas accounted for the maximum market share and will continue to dominate the market until the end of 2020. It has been noted that the growing incidence of urology disorders is fueling the growth prospects for the market in the region. Another factor contributing to the market’s growth in the Americas is the emergence of nano-robotics. Moreover, to gain market shares, most vendors in the market are focusing on R&D activities that will lead to the development of advanced robotic systems. The availability of such advanced robotic systems will aid in the strong growth of this market during the estimated period.
Competitive landscape and key vendors
Globally, the urology robotic surgery market is highly monopolized and is dominated by the Intuitive Surgical company, which currently occupies the maximum market share. It has been observed that increasing innovations to develop advanced robotic systems will increase the level of competition among the existing vendors.
Key vendors in this market are -
- Intuitive Surgical
- Titan Medical
Segmentation by procedure and analysis of the urology robotic surgery market
The prostatectomy procedure market segment accounted for the maximum market share during 2015 and will continue to dominate the market in the forthcoming years. Robotic prostatectomy offers a possible cure for the individuals who are diagnosed with the early organ confined stages of the disease. Also, the improved outcome of robotic surgeries includes reduced risk of complications, reduced rate blood loss, reduced length of stay, and lower risk of positive surgical margins.
Segmentation by product and analysis of the urology robotic surgery market
- Robotic surgery systems
- Instruments and accessories
The instruments and accessories segment of the market accounted for the maximum market share during 2015 and will continue to dominate the market during the predicted period. Instruments and accessories are used to help surgeons in conducting surgeries using robotic systems. Accessories include sterile drapes, light guides, camera heads, and other items that facilitate the use of robotic systems, whereas instruments include mechanical arms that are used to perform surgery through tiny incisions. A major factor driving this market segment’s growth is the continued adoption of instruments and accessories by healthcare professionals, which results in recurring revenue generation.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global urology robotic surgery market?
- What are the key market trends impacting the growth of the global urology robotic surgery market?
- What are the challenges to market growth?
- Who are the key vendors in the global urology robotic surgery market?
- What are the market opportunities and threats faced by the vendors in the global urology robotic surgery market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global urology robotic surgery market?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Get your FREE sample now!
Get the report (PDF) sent to your email within minutes.
Subscribe & Save
Get lifetime access to our
Did you know?
Did you know?
Did you know?
Want to customize this report?
This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
Technavio's SUBSCRIPTION platform
Register for a free trial today and gain instant access to 17,000+ market research reports.