Global Genitourinary Robotic Surgery Market

Report ID : 1339 | Published : 2022-08-01 | Pages: | Format: PDF/EXCEL

The market size of the Global Genitourinary Robotic Surgery Market is predicted to show an 12.3% CAGR during the projected period.

Robotic surgery is commonly used in entire and partial kidney removal, kidney transplant, Mitral Valve repair, liver transplant, Pyeloplasty, Pyloroplasty, Radical Prostatectomy, Radical Cystectomy, and Tubal Ligation, among other procedures. The use of surgical robots in the field of urology has enabled doctors to get around problems with minimally invasive and cancer-related surgeries. The market will expand quickly due to the rising prevalence of kidney cancer and kidney stone, increasing use of contemporary robotic operating systems in developed markets, and rising patient admission for prostate removal, bladder reconstruction, and cancer of the prostate and cancer of bladder. These factors are also contributing to raising awareness of the benefits of urology robotic surgery among doctors, surgeons, and patients, as well as the availability of robotic surgery devices. The rising healthcare costs in emerging nations' increased desire for more minor invasive procedures combined with an increase in the number of senior patients and greater public awareness of remote surgery will all boost market expansion.

The market for robotic genitourinary surgery will be hampered by the high cost of robotic surgical procedures and robotic equipment. Additionally, the market expansion for robotic genitourinary surgery will be hampered by the rise in the number of fatalities and injuries brought on by robotic surgery. Mechanical failure is one of the key risk factors. Even though faults are extremely unlikely, they never should be ignored. In some cases, it might cause lesions, sores, or rips to the surrounding organs, in addition to probable nerve damage. Robotic surgery has numerous limitations, much like the lack of experience.

Market Segmentation:

The Genitourinary Robotic Surgery Market is segmented on the basis of Component, Product Type, Application. and End-User. Based on the Component, the market is segmented as Robotic Surgery Machines, Tracking/ Navigation systems, Stimulators & Planners, and Others. Based on Product Type, the market is segmented as Robotic Surgery Instruments, Accessories, and services. Based on Application, the market is segmented as Robotic Prostatectomy, Robotic Cystectomy, Robotic Pyeloplasty, Robotic Nephrectomy, and Others. Based on End-User, the market is segmented as Hospitals, Urology Clinics, and Research & Education Centers.

Based on Components, the Tracking/ Navigation System segment is accounted as a major contributor to the Genitourinary Robotic Surgery Market.

The Tracking/ Navigation System section will increase at the highest rate during the forecast period. The major portion of robotic surgery equipment is due to the rising global demand for minimally invasive urological operations. A computer workstation and instrument location tracking devices are included in the surgical navigation kit. The segment for Tracking/ Navigation systems is expanding due to medical improvements being made to treat those suffering from various operating ailments; to make surgeries less intrusive, surgical robots and their navigation are assisting in this growth. This has propelled medical spending in a single direction to strengthen and expand the same segment, which is likely to aid in the expansion of the industry globally. These competent robots successfully carry out difficult and complicated surgical procedures, which supports the segment expansion.

Based on Application, the Robotic Cystectomy segment is accounted as a major contributor to the Genitourinary Robotic Surgery Market.

During the forecast period, the robotic cystectomy segment will account for the majority of the market. One of the most significant and important factors that will probably contribute to the growth of cystectomy is the rising number of patients with bladder cancer. Other important factors include the rising levels of disposable income worldwide, the prevalence of favourable reimbursement policies, the rising levels of investment in the expansion of the healthcare industry, and the rising prevalence of cysts. In the above-mentioned predicted timeframe, the market for cystectomy procedures would increase due to an increasing number of research and development activities, combined with rising technological advancement and new product improvements.

The North America Genitourinary Robotic Surgery Market holds a significant revenue share in the region.

During the forecast period, North America (the United States, Canada, and Mexico) will hold a significant share of the market. The domination of the area is due to the more significant frequency of chronic diseases, the rapid uptake of cutting-edge technology, and the existence of advantageous reimbursement laws for robotic surgical operations in the United States and Canada. Government and private sector investments in healthcare infrastructure are expected to increase, which would help the North American market expand favourably. Additionally, the demand for robotic surgeries will rise during the forecast period because of favourable reimbursement circumstances. The need for surgical robots in the region is expected to develop over the next several years as more people become aware of robotic surgery and its advantages.

Competitive Landscape

Some of the major key players in the Genitourinary Robotic Surgery Market are AVRA Medical Robotics, Inc., Medtronic, Simbionix USA Corporation, Renishaw plc, THINK Surgical, Inc, TransEnterix Surgical, Inc., Titan Medical Inc., Stryker, Intuitive Surgical, Medrobotics Corporation, Blue Belt Technologies Ltd., MAKO Surgical Corp., Mazor Robotics Ltd., Stanmore Implants Worldwide, Ltd., Hansen Medical, Inc., and SafeStitch Medical Inc.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Genitourinary Robotic Surgery Market Snapshot

Chapter 4. Global Genitourinary Robotic Surgery Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Component Estimates & Trend Analysis

5.1. By Component & Market Share, 2020 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Component:

5.2.1. Robotic Surgery Machine

5.2.2. Tracking/ Navigation System

5.2.3. Stimulators & Planners

5.2.4. Others

Chapter 6. Market Segmentation 2: By Product Type Estimates & Trend Analysis

6.1. By Product Type & Market Share, 2020 & 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Product Type:

6.2.1. Robotic Surgery Instrument

6.2.2. Accessories

6.2.3. Services

Chapter 7. Market Segmentation 3: By Application Estimates & Trend Analysis

7.1. By Application & Market Share, 2020 & 2030

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Application:

7.2.1. Robotic Prostatectomy

7.2.2. Robotic Cystectomy

7.2.3. Robotic Pyeloplasty

7.2.4. Robotic Nephrectomy

7.2.5. Others

Chapter 8. Market Segmentation 3: By End-user Estimates & Trend Analysis

8.1. By End-user & Market Share, 2020 & 2030

8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By End-user:

8.2.1. Hospitals

8.2.2. Urology Clinics

8.2.3. Research & Education Center

Chapter 9. Genitourinary Robotic Surgery Market Segmentation 4: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Genitourinary Robotic Surgery Market revenue (US$ Million) estimates and forecasts By Component, 2020-2030

9.1.2. North America Genitourinary Robotic Surgery Market revenue (US$ Million) estimates and forecasts By Product Type, 2020-2030

9.1.3. North America Genitourinary Robotic Surgery Market revenue (US$ Million) estimates and forecasts by Application, 2020-2030

9.1.4. North America Genitourinary Robotic Surgery Market revenue (US$ Million) estimates and forecasts by country, 2020-2030

9.2. Europe

9.2.1. Europe Genitourinary Robotic Surgery Market revenue (US$ Million) By Component, 2020-2030

9.2.2. Europe Genitourinary Robotic Surgery Market revenue (US$ Million) By Product Type, 2020-2030

9.2.3. Europe Genitourinary Robotic Surgery Market revenue (US$ Million) estimates and forecasts by Application, 2020-2030

9.2.4. Europe Genitourinary Robotic Surgery Market revenue (US$ Million) by country, 2020-2030

9.3. Asia Pacific

9.3.1. Asia Pacific Genitourinary Robotic Surgery Market revenue (US$ Million) By Component, 2020-2030

9.3.2. Asia Pacific Genitourinary Robotic Surgery Market revenue (US$ Million) By Product Type, 2020-2030

9.3.3. Asia Pacific Genitourinary Robotic Surgery Market revenue (US$ Million) estimates and forecasts by Application, 2020-2030

9.3.4. Asia Pacific Genitourinary Robotic Surgery Market revenue (US$ Million) by country, 2020-2030

9.4. Latin America

9.4.1. Latin America Genitourinary Robotic Surgery Market revenue (US$ Million) By Component, (US$ Million)

9.4.2. Latin America Genitourinary Robotic Surgery Market revenue (US$ Million) By Product Type, (US$ Million)

9.4.3. Latin America Genitourinary Robotic Surgery Market revenue (US$ Million) estimates and forecasts by Application, 2020-2030

9.4.4. Latin America Genitourinary Robotic Surgery Market revenue (US$ Million) by country, 2020-2030

9.5. Middle East & Africa

9.5.1. Middle East & Africa Genitourinary Robotic Surgery Market revenue (US$ Million) By Component, (US$ Million)

9.5.2. Middle East & Africa Genitourinary Robotic Surgery Market revenue (US$ Million) By Product Type, (US$ Million)

9.5.3. Middle East & Africa Genitourinary Robotic Surgery Market revenue (US$ Million) estimates and forecasts by Application, 2020-2030

9.5.4. Middle East & Africa Genitourinary Robotic Surgery Market revenue (US$ Million) by country, 2020-2030

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles

10.2.1. AVRA Medical Robotics, Inc.

10.2.2. Medtronic

10.2.3. Simbionix USA Corporation

10.2.4. Renishaw plc

10.2.5. THINK Surgical, Inc

10.2.6. TransEnterix Surgical, Inc.

10.2.7. Titan Medical Inc.

10.2.8. Stryker

10.2.9. Intuitive Surgical

10.2.10. Medrobotics Corporation

10.2.11. Blue Belt Technologies Ltd.

10.2.12. MAKO Surgical Corp.

10.2.13. Mazor Robotics Ltd.

10.2.14. Stanmore Implants Worldwide, Ltd.

10.2.15. Hansen Medical, Inc.

10.2.16. SafeStitch Medical

10.2.17. Other Prominent Players

Segmentation of Genitourinary Robotic Surgery Market-

By Component

  • Robotic Surgery Machine
  • Tracking/ Navigation System
  • Stimulators & Planners
  • Others

By Product Type

  • Robotic Surgery Instrument
  • Accessories
  • Services

By Application

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

By End-User

  • Hospitals
  • Urology Clinics
  • Research & Education Center

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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12.3% CAGR during the projected period.

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