North America, Asia-Pacific and Europe Laparoscopic Surgical Robotic Devices Market, By Product Type (Robotic Systems/Machine and Instruments and Accessories), Application (Urological Surgeries, Gynecological Surgeries, General Surgeries, Colorectal Surgeries, Gastrointestinal Surgery, and Others), End User (Hospital, Ambulatory Surgery Centers, and Others), Distribution Channel (Direct Tenders, Retail Sales, and Others) – Industry Trends and Forecast to 2031.
North America, Asia-Pacific and Europe Laparoscopic Surgical Robotic Devices Market Analysis and Size
According to an article published in the National Library of Medicine in October 2020 there has been a noticeable surge in the number of minimally invasive surgeries increasing total laparoscopic cases that increased from 133 to 280, representing a 111% increase.
In January 2023, according to an article published in the same source, it was stated that more than one in ten inpatient surgeries and almost one in five outpatient surgeries were considered minimally invasive surgeries.
Data Bridge Market Research analyzes that the North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market is expected to reach USD 19.32 billion by 2031 from USD 11.25 billion in 2023, growing at a CAGR of 7.2% in the forecast period of 2024 to 2031.
|
Report Metric
|
Details
|
|
Forecast Period
|
2024 to 2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016–2021)
|
|
Quantitative Units
|
Revenue in USD Billion
|
|
Segments Covered
|
Product Type (Robotic Systems/Machine and Instruments and Accessories), Application (Urological Surgeries, Gynecological Surgeries, General Surgeries, Colorectal Surgeries, Gastrointestinal Surgery, and Others), End User (Hospital, Ambulatory Surgery Centers, and Others), Distribution Channel (Direct Tenders, Retail Sales, and Others)
|
|
Countries Covered
|
U.S., Canada, Mexico, Germany, U.K., France, Italy, Netherlands, Spain, Russia, Switzerland, Belgium, Turkey, rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, and rest of Asia-Pacific
|
|
Market Players Covered
|
Medtronic, Intuitive Surgical, Stryker, Smith+Nephew, Johnson & Johnson, Asensus Surgical US, Inc., Olympus America, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Momentis Innovative Surgery, Virtual Incision, Richard Wolf GmbH, Microline Surgical, and ENDOQUEST ROBOTICS, among others
|
Market Definition
The laparoscopic surgical robotic devices are used for minimally invasive surgeries using robotic assistance. It uses energy such as radiation, radio frequency, and ultrasound to seal the skin tissue. The laparoscopic surgical robotic devices require an energy source, such as an electro surgery generator (ESU), and an instrument to transfer the energy to the patient. Laparoscopic surgery uses small incisions, a camera and surgical instruments. Instead of holding and manipulating large surgical devices laparoscopic surgery allows surgeon to sit at a console and use controls to manipulate robot. The console allows your surgeon to see high-definition enlarged 3D images with better resolution and to see inside body.
North America, Asia-Pacific and Europe Laparoscopic Surgical Robotic Devices Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:
Driver
- Surge in Demand for Minimally Invasive Surgeries
Minimally invasive surgeries, including laparoscopic and robotic-assisted procedures, result in less tissue trauma and bleeding, leading to shorter recovery times and less pain for patients. Robotic-assisted surgery allows for greater precision and accuracy, which is particularly important in complex procedures such as cancer resections and organ transplants. The use of robotic devices enhances the surgeon's ability to perform delicate procedures, leading to better outcomes and higher patient satisfaction. Minimally invasive surgeries, including laparoscopic and robotic-assisted procedures, result in less tissue trauma and reduced post-operative pain. This leads to faster recovery times, reduced hospital stays, and lower healthcare costs. The growing demand for minimally invasive surgeries is driving the adoption of laparoscopic surgical robotic devices across various specialties, including general surgery, urology, gynecology, and orthopedics.
Restraint
- High Costs Associated with the Surgical Robots
Surgical robots are expensive machines that require a significant upfront investment. In addition to the initial purchase price, surgical robots require regular maintenance and repair to ensure optimal performance. These costs can add up quickly and maybe a significant burden for hospitals and healthcare systems. They require electricity to operate, which increases utility costs for hospitals and healthcare systems. To operate a surgical robot effectively, surgeons and other healthcare professionals need to undergo specialized training and education. This can be a time-consuming and costly process, which may be a deterrent for some hospitals and healthcare systems. Surgical robots are typically used for complex procedures, which may limit their use to only a few cases per year. This limited usage can make the cost of ownership and maintenance more difficult to justify.
Opportunity
- Strategic Initiatives and Decision taken by Market Players
Strategic initiation and decisive actions taken by market players present significant opportunities for growth, expansion of market share, and enhancement of portfolio offerings in the laparoscopic surgical robotics market. Through proactive decision-making, companies can capitalize on emerging trends, technological advancements, and market demands, thereby accelerating revenue growth and strengthening their competitive position. With the increase in partnerships, collaborations, and acquisitions market players can innovate new robotic systems, accessories, and software solutions tailored to meet evolving clinical needs and preferences. Ultimately, by aligning strategic initiatives with market dynamics and customer requirements, companies can unlock new avenues for growth, enhance shareholder value, and solidify their position as industry leaders in the laparoscopic surgical robotics market.
Challenge
- Shortage of Skilled Professionals Hinders Laparoscopic Robotic Surgery Adoption
The shortage of skilled professionals poses a formidable challenge to the advancement and widespread acceptance of laparoscopic robotic surgery. One key obstacle to the abandonment of robotic surgical systems due to inadequate training. Surgeons who initially embraced robotic-assisted techniques often encountered complex procedures without comprehensive training, leading to suboptimal outcomes and legal ramifications. This discouraging trend of abandonment highlights the critical need for robust and standardized training programs to equip surgeons with the necessary skills and confidence to effectively utilize robotic systems. Addressing the shortage of skilled professionals and improving training standards are therefore essential for overcoming these challenges and advancing the field of laparoscopic robotic surgery.
Recent Developments
- In August 2021, Johnson & Johnson announced that DePuy Synthes has launched its VELYS Robotic-Assisted Solution in Australia. The company further added that robotic- solution has recently been included on the Australian Register of Therapeutic Goods (ARTG). This has helped the company to expand its business
- In April 2021, Stryker announced the national partnership with Minor League Baseball to become joint replacement partner for official Smart Robotics. This national partnership has made healthcare better and as part of the wider partnership. Stryker is also presenting partner of “Own the Walk” – the first-ever national platform that uplift fans of all ages to stay active through everyday activities as walking. This has helped to provide more business opportunities
- In July 2021, Medtronic announced that the company has launched its Hugo Robotic assisted surgery systems at hospital Clinico de la Red de Salud UC CHRISTUS in Santiago, Chile, to support the educating institution's latest robotic surgery program. This has helped the company to expand its global foot prints and to establish trained professionals
- In February 2023, EndoQuest Robotics, developer of the world's first flexible endoluminal surgical robotic system, and VirtaMed AG, the world's most realistic surgical simulation training provider, announced a collaboration to develop an advanced robotic surgical training simulator to support skills and procedural processes training with the EndoQuest Endoluminal Surgical (ELS) System. The goal of simulation is to standardize best practices to ultimately improve clinical outcomes through skill and procedural metrics while reducing the learning curve to system mastery
North America, Asia-Pacific and Europe Laparoscopic Surgical Robotic Devices Market Scope
North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market is categorized into four notable segments based on product type, application, end user, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Product Type
- Robotic Systems/Machine
- Instruments and Accessories
On the basis of product type, the North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market is segmented into robotic systems/machine and instruments and accessories.
Application
- Urological Surgeries
- Gynecological Surgeries
- General Surgeries
- Colorectal Surgeries
- Gastrointestinal Surgery
- Others
On the basis of application, the North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market is segmented into urological surgeries, gynecological surgeries, general surgeries, colorectal surgeries, gastrointestinal surgery, and others.
End User
- Hospital
- Ambulatory Surgical Centers
- Others
On the basis of end user, the North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market is segmented into hospital, ambulatory surgical centers, and others.
Distribution Channel
- Direct Tenders
- Retail Sales
- Others
On the basis of distribution channel, the North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market is segmented into direct tenders, retail sales, and others.
North America, Asia-Pacific and Europe Laparoscopic Surgical Robotic Devices Market Regional Analysis/Insights
North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market categorized into four notable segments based on product type, application, end user, and distribution channel.
The countries covered in this North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Netherlands, Spain, Russia, Switzerland, Belgium, Turkey, rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, and rest of Asia-Pacific.
North America is expected to dominate the North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market due to its advanced healthcare infrastructure, robust regulatory framework, and significant investment in research and development.
U.S. is expected to dominate in the North America region due to its advanced healthcare infrastructure, extensive medical device manufacturing industry, and stringent regulatory standards ensuring high-quality sterilization processes. In addition, ongoing technological advancements and significant investments in healthcare drive the market's growth in the U.S.
China is expected to dominate in the Asia-Pacific region due to its large-scale manufacturing capabilities, expanding healthcare sector, and growing medical device industry.
Germany is expected to dominate in the Europe region due to its advanced healthcare infrastructure, strong medical device industry, and technological innovations in sterilization processes.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America, Asia-Pacific and Europe brands and their challenges faced due to large or scarce competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and North America, Asia-Pacific and Europe Laparoscopic Surgical Robotic Devices Market Share Analysis
North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breadth, application dominance, and product type lifeline curve. The above data points provided are only related to the company’s focus on the North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market.
Some of the major market players operating in the North America, Asia-Pacific and Europe laparoscopic surgical robotic devices market are Medtronic, Intuitive Surgical, Stryker, Smith+Nephew, Johnson & Johnson, Asensus Surgical US, Inc., Olympus America, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Momentis Innovative Surgery, Virtual Incision, Richard Wolf GmbH, Microline Surgical, and ENDOQUEST ROBOTICS, among others.
SKU-