Global Robotic Masectomy Market, By Type (Multi-port Robotic System, Single-port Robotic System), Application (Laparoscopy, Orthopedics, Other) – Industry Trends and Forecast to 2029
Market Analysis and Size
The robotic masectomy market is made up of companies that sell services based on robotic surgical technology, which is a highly advanced technical kind of non-invasive surgery that employs robots and computer systems to perform surgeries with fewer incisions and more precision. A mechanical arm and camera arm are attached to surgical instruments and are controlled by a surgeon seated at a computer support, which is usually in the same room as the surgical table but can be anywhere in the world.
Data Bridge Market Research analyses that the robotic masectomy market which was USD 0.63 billion in 2021, would rocket up to USD 1.47 billion by 2029, and is expected to undergo a CAGR of 11.20% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Multi-port Robotic System, Single-port Robotic System), Application (Laparoscopy, Orthopedics, Other)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Intuitive Surgical Inc (U.S), Stryker (U.S), Medrobotics Corporation (U.S), Johnson & Johnson Private Limited (U.S), Globus medical (U.S), NuVasive Inc. (U.S), Smith + Nephew (U.K), Titan Medical Inc (Canada), TransEnterix Inc (U.S), University of Pittsburgh Medical Center (U.S), Mazor Robotics (Israel), Auris Health Inc. (U.S), Corindus Inc. (U.S), Renishaw plc (U.K)
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Market Opportunities
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Market Definition
Robotic masectomy is a surgical procedure that is carried out with the assistance of robotic systems. These are fully automated, cutting-edge systems that are used to perform medical procedures. Robotic surgery has a number of advantages, including less discomfort, less blood loss, and a shorter recovery period. Clinical outcomes are also improved with robotic surgery.
Robotic Masectomy Market Dynamics
Drivers
- Rise in the adoption of minimally invasive surgical procedures
The high prevalence of general surgery around the world, the rise in the adoption of minimally invasive surgical procedures over traditional surgeries, and the development of innovative approaches to treat various types of diseases, including minimally invasive robotic devices, contributed to the market's growth. Furthermore, throughout the anticipated period, accurate surgical procedures, precise measured motions, quick post-surgery recovery, limited incisions, and others are expected to fuel the growth of the worldwide robotic masectomy market.
- Increase in the geriatric population
The market is expected to be driven by factors such as an increase in cancer patients, an increase in the geriatric population, an increase in personal healthcare expenditures, and a shortage of surgeons, improving consumer confidence, an increase in personal disposable income, favorable reimbursement policies, and an increase in the incidence of chronic and infectious diseases.
Opportunities
Increased public awareness of robotic surgeries, rising med-tech R&D expenditures, an ageing population, an increase in colorectal and pancreatic surgeries, a physician shortage, an increasing number of FDA approvals granted to surgical robotic companies for R&D, and the growing launch of advanced medical systems.
Restraints/Challenges
Extensive scars on the overlaying skin, skin or nipple necrosis, and challenging surgical technique. Endoscopic or robotic methods have been developed to circumvent the problems of mastectomy.
This robotic masectomy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the robotic masectomy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 impact on Robotic Masectomy Market
The use of micro and nanorobots in urology surgical procedures, a focus on the development of low-cost robotic surgical systems, and rising MedTech research and development expenditures are just a few of the notable trends. The outbreak of the COVID-19 pandemic in 2020 has had a negative impact on the market, with many government authorities ordering hospitals to only treat critical cases.
Global Robotic Masectomy Market Scope
The robotic masectomy market is segmented on the basis of product type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Multi-port Robotic System
- Single-port Robotic System
Application
- Laparoscopy
- Orthopedics
- Other
Robotic Masectomy Market Regional Analysis/Insights
The robotic masectomy market is analysed and market size insights and trends are provided by country, type, application as referenced above.
The countries covered in the robotic masectomy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America was the largest region in the robotic masectomy market in 2029.
Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Robotic Masectomy Market Share Analysis
The robotic masectomy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to robotic masectomy market.
Some of the major players operating in the robotic masectomy market are:
- Intuitive Surgical Inc (U.S)
- Stryker (U.S)
- Medrobotics Corporation (U.S)
- Johnson & Johnson Private Limited (U.S)
- Globus medical (U.S)
- NuVasive Inc. (U.S)
- Smith+Nephew (U.K)
- Titan Medical Inc (Canada)
- TransEnterix Inc (U.S)
- University of Pittsburgh Medical Center (U.S)
- Mazor Robotics (Israel)
- Auris Health Inc. (U.S)
- Corindus Inc. (U.S)
- Renishaw plc (U.K)
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