U.S., China, 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 Surgeries and Others), End User (Hospital, Ambulatory Surgery Centers and Others), Distribution Channel (Direct Tenders, Retail Sales and Others), Industry Trends and Forecast to 2030.
U.S., China, and Europe Laparoscopic Surgical Robotic Devices Market Analysis and Insights
Laparoscopic surgical robotic devices are one of the most significant segments of the medical device industry. In the United States jurisdiction, surgical robots are planned by the division of medical devices, office of device evaluation, and center for devices, and radiologic health of the food and drug administration (FDA). The complex, novel devices (class III devices) are subjected to premarket approval (PMA), the FDA’s most intensive review process for devices.
The driving factors that may be responsible for the growth of the U.S., China, and Europe laparoscopic surgical robotic devices market are the increased demand for minimally invasive surgeries, the rising development of teleoperated surgical robots, and the technological developments in the field of laparoscopy. However, the factors that are expected to restrain the market are the rise in the cost of laparoscopic surgical robotic devices.
On the other hand, strategic initiatives by market players and the rise in healthcare expenditure may act as an opportunity for the growth of the U.S., China, and Europe laparoscopic surgical robotic devices market. The need for skilled expertise and the late approval associated with product launches may create challenges for U.S., China, and Europe laparoscopic surgical robotic devices market. There are recent developments related to the US, China, and U.S., China, and Europe laparoscopic surgical robotic devices market.
However, the high cost associated with procedures involving surgical robotics is expected to hamper the growth of the U.S., China, and Europe laparoscopic surgical robotic devices market in the forecast period.
Data Bridge Market Research analyzes that the U.S., China, and Europe laparoscopic surgical robotic devices market is expected to reach the value of USD 10,566.76 million by 2030, at a CAGR of 12.7% during the forecast period. Product accounts for the largest type segment in the market due to the growing use of exosome research products in diagnostics and therapeutics.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Robotic Systems/Machine, and Instruments and Accessories), Application (Urological Surgeries, Gynecological Surgeries, General Surgeries, Colorectal Surgeries, Gastrointestinal Surgeries and Others), End User (Hospital, Ambulatory Surgery Centers and Others), Distribution Channel (Direct Tenders, Retail Sales and Others)
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Countries Covered
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U.S., China, Germany, France, U.K., Italy, Spain, Russia, Netherlands, Switzerland, Turkey, Belgium, Poland, Norway, Denmark, Finland, Sweden, Rest of Europe
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Market Players Covered
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Medtronic, Intuitive Surgical, Zimmer Biomet, Stryker, Smith+Nephew, Siemens Healthcare GmbH, Johnson & Johnson, Titan Medical Inc., Asensus Surgical US, Inc., CONMED Corporation, Olympus America, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Brainlab AG, Momentis Innovative Surgery, Virtual Incision, Richard Wolf GmbH, Microline Surgical, and ENDOQUEST ROBOTICS, CUREXO, INC.
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U.S., China, and Europe laparoscopic surgical robotic devices 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 the surgeon to sit at a console and use controls to manipulate the robot. The console allows your surgeon to see high-definition enlarged 3D images with better resolution and to see the inside body.
Laparoscopy surgery is done through one or more small incisions with the help of small tubes, tiny cameras and surgical instruments. Laparoscopic surgery is a less invasive surgical procedure that is preferred by patients and physicians. The usage of laparoscopic robotic instruments helps in decreasing the risk of infection in the course of surgical procedures. Increasing occurrences of colorectal cancers, a rising geriatric population and related disorders are some of the factors which boost the laparoscopic surgical robotic devices demand overall.
U.S., China, and Europe Laparoscopic Surgical Robotic Devices Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Rising demand for minimally invasive surgeries
Minimally invasive surgery involves the surgical procedure performed with minute incisions on the body. Various minimally invasive surgeries include repair of heart valves, mitral valve prolapse, angioplasty and other blockage removals in the body. The supremacy of MIS includes short recovery time, low risk of infection, less bleeding, small scars, and shorter hospital stays.
The benefits associated with the robotic assisted navigation surgery procedure done via minimally advanced technologies are enormous, which include minimal scarring and bleeding along with less usage of narcotics, reduced pain and a short stay at the hospital. This makes the growing demand for minimally invasive procedures is expected to act as a driver for the growth of the U.S., China, and Europe laparoscopic surgical robotic devices market.
- Development of teleoperated surgical robotic systems
Teleoperated robotic systems extend human capabilities beyond natural and physical limits. As a result, they can be used to perform minimally invasive surgeries on the patient's body. This is called telerobotic surgery or telerobotic surgery. The primary purpose of this technology is to use position commands from the surgeon's remote control (called the "master robot" in telesurgery terminology) to control the patient-side surgical robot (the so-called slave robot). Currently, telerobotic surgery surgeons can monitor the operation through 3D visual observation. A component missing from currently approved telerobotic surgery systems for patients is a sense of the contact forces generated during surgery.
The increased healthcare expenditure renders the patients to get operated on whenever necessary in the primary stage of disease, thereby preventing unwanted complications. The high healthcare expenditure also aids in the high adoption of robotic- assisted surgery being minimally invasive in nature. Thus the development of teleoperated robotic systems is expected to act as a driver for the growth of the U.S., China, and Europe laparoscopic surgical robotic devices market.
Restraint
- High cost associated with the procedures involving surgical robotics
Modern technology based on surgical robotics help in aligning various body parts like the spine, hand, hip, and ankle, among others. The key factors which determine the cost of robotic surgery include factors such as the medical institution or clinic finalized for the procedure, treatment area, complexity, and chosen specialist, among more. The high cost of the treatment is due to the various checkpoints of the treatment along with the use of high-tech modalities to perform such treatment procedures. As the cost of innovative and advanced surgeries like spinal, among others, is high, the cost of the treatment proportionally gets escalated, due to which the high cost of surgical robotics is expected to hamper the demand of the market.
Opportunity
- Strategic initiatives by key market players
The demand for surgical robotics has extensively boomed up worldwide owing to increasing consumer awareness about minimally invasive technologies. Recently, the demand for robots assisted surgeries has surged due to rising sports injuries and cases of musculoskeletal abnormalities. These affirmative factors are enhancing the demand for the market, and to accomplish the market demand, small as well as major market players are utilizing various strategies.
Acquisitions, partnerships, agreements, and participation in conferences provide a tremendous opportunity for small as well major market players to expand their business geographically. This strategy is allowing the company to strengthen its footprints in the market. Therefore, it is expected to act as a restraint that strategic initiative is the golden opportunity for the market players to accelerate their revenue growth in the U.S., China, and Europe laparoscopic surgical robotic devices market.
Challenge
- Lack of skilled professionals
The lack or shortage of skilled expertise would challenge the pace of recovery and growth in one place. Often, unemployed people in one place have skills that are in short supply elsewhere. Moreover, rapid technological advancement in this field also leads to a lack of expertise. Despite the call to increase, the number of podiatrists and a number of residency training programs remain unknown.
Lack of trained and experienced professionals and persistent skill gaps limit the employability prospects and access to quality jobs. Therefore, this signifies that the lack of skilled professionals is expected to act as a challenge for the growth of the U.S., China, and Europe laparoscopic surgical robotic devices market growth.
Recent Developments
- In February 2021, Medtronic acquired Digital Surgery, a privately held company specializing in digital education, data analytics and training. With the acquisition, Medtronic aims to strengthen its robot-assisted surgery platform and expand its range of robotic systems by adding a new robot called Hugo.
- In March 2021, Titan Medical announced the release of the Enos surgical system to improve the robotic-assisted surgical experience for surgeons, which we believe will bring important benefits to patients, including less trauma, less scarring, and faster recovery time.
U.S., China, and Europe Laparoscopic Surgical Robotic Devices Market Scope
U.S., China, and Europe laparoscopic surgical robotic devices market is segmented into four notable segments such as product type, application, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
PRODUCT TYPE
- ROBOTIC SYSTEMS/ MACHINE
- INSTRUMENTS AND ACCESSORIES
On the basis of product type, the U.S., China, and Europe laparoscopic surgical robotic devices market is segmented into robotic system/machine, instruments and accessories.
APPLICATION
- UROLOGICAL SURGERIES
- GYNECOLOGICAL SURGERIES
- GENERAL SURGERIES
- COLORECTAL SURGERIES
- GASTROINTESTINAL SURGERIES
- OTHERS
On the basis of application, the U.S., China, and Europe laparoscopic surgical robotic devices market is segmented into urological surgeries, gynecological surgeries, and general surgeries, colorectal surgeries, gastrointestinal surgeries and others.
END USER
- HOSPITAL
- AMBULATORY SURGERY CENTERS
- OTHERS
On the basis of end user, the U.S., China, and Europe laparoscopic surgical robotic devices market is segmented into hospitals, ambulatory surgical centers and others.
DISTRIBUTION CHANNEL
- DIRECT TENDER
- RETAIL SALES
- OTHERS
On the basis of distribution channel, the U.S., China, and Europe laparoscopic surgical robotic devices market is segmented into direct tender, retail sales and others.
U.S., China, and Europe Laparoscopic Surgical Robotic Devices Market Regional Analysis/Insights
The U.S., China, and Europe laparoscopic surgical robotic devices market is segmented into four notable segments such as product type, application, end user and distribution channel.
The countries covered in this market report U.S., China, Germany, France, U.K., Italy, Spain, Russia, Netherlands, Switzerland, Turkey, Belgium, Poland, Norway, Denmark, Finland, Sweden, Rest of Europe.
U.S. is dominating due to rise in the production of robotic surgical devices and increasing demand from emerging markets and expansion of healthcare industries.
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 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 U.S., China, and Europe Laparoscopic Surgical Robotic Devices Market Share Analysis
U.S., China, and Europe laparoscopic surgical robotic devices market competitive landscape provide details by the competitor. 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 breath, application dominance, and technology lifeline curve. The above data points provided are only related to the company’s focus on the U.S., China, and Europe laparoscopic surgical robotic devices market.
Some of the major players operating in the U.S., China, and Europe laparoscopic surgical robotic devices market are Medtronic, Intuitive Surgical, Zimmer Biomet, Stryker, Smith+Nephew, Siemens Healthcare GmbH, Johnson & Johnson, Titan Medical Inc., Asensus Surgical US, Inc., CONMED Corporation, Olympus America, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Brainlab AG, Momentis Innovative Surgery, Virtual Incision, Richard Wolf GmbH, Microline Surgical, and ENDOQUEST ROBOTICS, CUREXO, INC., among others.
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