Major prominent players in the United States Gynecological Robotic Surgery market research report include Intuitive Surgical, Inc., TransEnterix Surgical, Inc., Medrobotics Corporation, Titan Medical Inc., CMR Surgical Limited, Avateramedical GmbH, Medtronic, Verb Surgical, Inc., Olympus Corporation , Stryker and other key market players.
Pune, India, Jan. 19, 2021 (GLOBE NEWSWIRE) – The U.S. robotic gynecological surgery market is expected to benefit from the increasing shift to minimally invasive versus open surgery because of its lower readmission rates, fewer complications, and faster recovery. Fortune Business Insights ™ will provide this information in a new report. According to the report, the market size in 2019 was $ 1.04 billion and is expected to reach $ 1.38 billion by 2027, a CAGR of 6.8% over the forecast period.
Growing geriatric population to drive growth in the US
The increasing adoption of sedentary lifestyles and the growing geriatric population in the US continue to increase the incidence of various gynecological diseases in women. This will drive the growth of the US robotic gynecological surgery market in the years to come. According to the American Cancer Society, the US is expected to present around 13,800 new cases of cervical cancer in 2020. That being said, the increased use of da Vinci robotic surgical systems for such surgeries would accelerate growth. However, the high costs associated with robotic gynecological surgeries can hamper demand.
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The instruments and accessories segment dominates the increasing number of hysterectomies
Based on products, the market is divided into services, instruments and accessories, and robotic systems. In 2019, the Instruments and Accessories segment generated a market share of 57.2% of the US market for gynecological robotic surgery. Due to the increasing acceptance of gynecological robotic surgery, it will retain its dominant position in the coming years due to the higher number of hysterectomies.
The story goes on
COVID-19: Cancellation of non-essential procedures to impede demand
The outbreak of the COVID-19 pandemic has put a heavy strain on the healthcare sector. Aside from disruptions in the demand and supply chain, this has resulted in all non-essential and elective dental, surgical and medical procedures being canceled and postponed. This also includes robotic gynecological operations. The main reason for this is to redistribute and reserve health resources for the coronavirus positive patients. The American Hospital Association noted that in the United States, hospitals and healthcare systems saw inpatient volumes decreased by 20%. We deliver in-depth research reports to help you regain confidence and increase sales.
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Key players focus on the strategy of working together to achieve competitive advantage
The US market for gynecological robotic surgery is home to numerous companies. Among them, Intuitive Surgical, Inc. is the leading provider for its expertise in robotic gynecological surgery. Some of the others are participating in the strategy of collaboration and partnership to gain a competitive advantage. Two current industry developments are listed below:
January 2020: Titan Medical and Cambridge Design Partnership (CDP) have teamed up to develop a state-of-the-art robotic surgical system. Its main goal is to enable minimally invasive surgery through a single incision.
December 2018: Nicholson Center and CMR Surgical introduce the first training program for Versius in the USA. It is to offer training programs to 27 surgical teams.
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A list of reputable gynecological robotic surgery providers in the United States:
Intuitive Surgical, Inc. (California, USA)
TransEnterix Surgical, Inc. (North Carolina, USA)
Medrobotics Corporation (Massachusetts, USA)
Titan Medical Inc. (Ontario, Canada)
CMR Surgical Limited (Cambridge, Great Britain)
avateramedical GmbH (Jena, Germany)
Medtronic (Dublin, Ireland)
Verb Surgical, Inc. (California, USA)
Olympus Corporation (Tokyo, Japan)
Stryker (Michigan, USA)
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Segments Covered in the Report
By end user
According to geography
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SECONDARY RESEARCH IS CARRIED OUT IN ORDER TO DETERMINE THE FOLLOWING INFORMATION:
Details such as sales, market share, strategies, growth rate, product and their pricing by region / country for all large companies
Information on prevalence, incidence, number of patients, patient distribution, average price of treatment, etc.
Number of end-user facilities by region / country and average annual spend or equipment purchases by end-user facility type
Number of procedures and average price of procedures
Replacement rate and pricing of capital goods
Market dynamics in relation to the focused market – drivers, restraints, trends and opportunities
Market and technology trends, new product developments, product pipeline.
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