Urology Robotic Surgery Market Size 2023, Trends, Growth, Analysis, Report, Demand, Share 2028

IMARC Group has recently released a new research study titled, "Urology Robotic Surgery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the urology robotic surgery market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Market Overview:

The global urology robotic surgery market reached a value of US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 3.1 Billion by 2028 exhibiting a CAGR of 10.5% during 2023-2028.

Year Considered to Estimate the Market:

Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028

Urology Robotic Surgery Market Overview:

Urology robotic surgery refers to a minimally invasive treatment process for prostatectomy, cystectomy, nephrectomy, pyeloplasty, etc., that involves the usage of miniaturized computer-controlled manipulators and surgical instruments with artificial sensing solutions and a video camera. These devices are placed in small cuts by various robotic consoles instead of large incisions under the supervision of healthcare experts to reach critical and distant spaces for viewing highly magnified and clear three-dimensional (3D) images of the area to be operated. Urology robotic surgery methods ensure accurate motions and improved magnification, maximize productivity, provide peer collaborations during treatment procedures, and minimize recovery time, post-surgical complications, and blood loss. Consequently, they find extensive applications in hospitals and clinics across countries.

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Urology Robotic Surgery Market Trends:

The increasing prevalence of kidney or urinary tract ailments and the growing geriatric population, which is highly susceptible to such diseases, are primarily driving the urology robotic surgery market. In addition to this, the escalating need for automated surgical tools that reduce the risks of human errors is acting as another significant growth-inducing factor. Furthermore, the elevating integration of robot-assisted flexible endoscopes with the system that allows healthcare practitioners to access and treat complex anatomies and improve precision in diagnostic proceedings is also positively influencing the market growth.

Apart from this, the introduction of modular robotic surgical systems that have complex motion control capabilities and the development of the software-enforced remote center of motion (RCM) are further stimulating the market growth. Moreover, the inflating investments in improving healthcare infrastructure are expected to propel the urology robotic surgery market over the forecasted period.

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Report Segmentation:

The report has segmented the market on the basis of component and application.

Component Insights:

• Robotic Surgery Systems
• Instruments and Accessories
• Services

The report has also provided a detailed breakup and analysis of urology robotic surgery market based on the component. This includes robotic surgery systems, instruments and accessories and services. According to the report, instruments and accessories represented the largest segment.

Application Insights:

• Robotic Prostatectomy
• Robotic Cystectomy
• Robotic Pyeloplasty
• Robotic Nephrectomy
• Others

A detailed breakup and analysis of the urology robotic surgery market based on the application has also been provided in the report. This includes robotic prostatectomy, robotic cystectomy, robotic pyeloplasty, robotic nephrectomy and others. According to the report, robotic prostatectomy accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for urology robotic surgery. Some of the factors driving the North America urology robotic surgery market included the increasing prevalence of kidney and urinary tract diseases and the rising geriatric population.

Competitive Landscape:

The major players in the market are Intuitive Surgical Inc., Stryker Corporation, Surgical Science Sweden AB, Medtronic plc, Johnson & Johnson. Kindly note that this only represents a partial list of companies. The complete list has been provided in the report.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Key Highlights of the Report:

• Market Outlook (2023-2028)
• Impact of COVID-19
• Market Drivers and Success Factors
• Value Chain
• SWOT Analysis
• Porter's Five Forces Analysis
• Market Performance (2017-2022)
• Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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