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    Urology Robotic Surgery Market Report

    Urology Robotic Surgery Market Report
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    Global Urology Robotic Surgery Market, Trends, Market Analysis
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    Impact of COVID-19 on Urology Robotic Surgery Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Urology Robotic Surgery Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Urology Robotic Surgery Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over 11.5% during the forecast period.

    Figure: Global Urology Robotic Surgery Market Size, 2020-2026 (USD Million)

    Urology-Robotic-Surgery-Market-Forecast

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    What is Urology robotic surgery?

    Urology robotic surgery is a relatively hew field that uses robots to perform urology surgeries. These robotic surgeries are established to enhance the procedure guidance, improve the workflows, and peer collaboration during surgical procedures. These robots aim to maximize efficiency and reduce complications and time of urological surgeries. As it is minimally invasive, the precision of robotic technology is suitable for complex and delicate urological surgeries.

    Key Players

    Key players operating in the global urology robotic surgery market are-

    • Intuitive Surgical Inc. (The US),
    • Blue Belt Technologies Ltd. (The US),
    • Think Surgical Inc. (The US),
    • Hansen Medical, Inc. (The US),
    • MAKO Surgical Corp. (The US),
    • Renishaw plc. (UK),
    • Stanmore Implants Worldwide, Ltd. (UK),
    • Mazor Robotics Ltd. (Israel),
    • Titan Medical Inc. (Canada),
    • SafeStitch Medical Inc. (The US).

    Market Dynamics

    The advent of modern robotic operating systems and equipment such as unmanned surgeries & minimally invasive surgery equipment, remote surgeries, and production of low-cost robots are some of the key factors augmenting the market growth.

    • The growing prevalence of urinary & kidney tract diseases, the rising geriatric population, and the growing preference for minimally invasive surgery are susceptible to urological infections, boosting the product demand.
    • However, the high cost of urology robotic surgery and limited availability in developing countries are some of the factors hampering the market expansion.

    Segment Analysis

    Component Trends

    Based on components, the global urology robotic surgery market has been classified into robotic surgery systems, instruments and accessories, services.

    • Under these, the instruments and accessories segment held the largest market share in 2020 and is likely to grow at a consider CAGR during the forecast period.
    • This is mainly attributed to the rising adoption of instruments and accessories by medical professionals conducting surgeries using robotic systems.

    Regional Trends

    By region, the North American market held the highest market share in 2020 and is projected to grow at a healthy CAGR in the coming years.

    • This is mainly attributed to the high prevalence of urology disorders and the introduction of Nanorobotics.
    • The increasing incidence of urology disorders is augmenting the regional market growth.
    • Most product vendors in the regional market are focusing on R&D activities for the development of advanced robotic systems, further accelerating the regional market growth.

    COVID-19 Impact on Global Urology Robotic Surgery Market

    The COVID-19 pandemic has considerably affected the urology robotic surgery industry. Almost 70% to 80% of the urology-based medical appointments were cancelled or postponed during this period. Due to stringent social distance norms and lockdown and the fear of people postponing their urology-based appointments, further affected the urology robotic surgery.

    Critical Questions Answered in the Report

    • What are the key trends in the global urology robotic surgery market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on the global urology robotic surgery market?
    • What are the key strategies adopted by the major vendors to lead in the global urology robotic surgery market?
    • What is the market share of the top vendors?

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    Target Audience

    The following is a list of the customers that the Urology Robotic Surgery market aims to convert the most:

    • Urology robotic surgery companies
    • Urology robotic surgery hospitals
    • R&D organizations
    • Hospitals
    • Robotic surgery manufacturing companies
    • Government organizations

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The urology robotic surgery market is expected to witness an impressive growth of 11.5% CAGR in the foreseeable future.

    Intuitive Surgical Inc. (The US), Blue Belt Technologies Ltd. (The US), Think Surgical Inc. (The US), Hansen Medical, Inc. (The US), MAKO Surgical Corp. (The US), Renishaw plc. (UK), Stanmore Implants Worldwide, Ltd. (UK), Mazor Robotics Ltd. (Israel), Titan Medical Inc. (Canada), SafeStitch Medical Inc. (The US) are among the key players in the urology robotic surgery market.

    North America held the largest share in the urology robotic surgery market in 2020.

    The instruments and accessories segment held the largest share in the urology robotic surgery market in 2020.

    The growing prevalence of urinary & kidney tract diseases, the rising geriatric population, and the growing preference for minimally invasive surgery are the factors driving the growth of urology robotic surgery market.

    Urology robotic surgery companies, Urology robotic surgery hospitals, R&D organizations, Hospitals, Robotic surgery manufacturing companies, Government organizations are the target audience in the urology robotic surgery market.

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