Urology Robotic Surgery Market Report
The report on the Global Urology Robotic Surgery Market is segmented By Component (Robotic Surgery Systems, Instruments and Accessories, Services), By Application (Robotic Prostatectomy, Robotic Cystectomy, Robotic Pyeloplasty, Robotic Nephrectomy, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global urology robotic surgery market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Global Urology Robotic Surgery Market is segmented By Component (Robotic Surgery Systems, Instruments and Accessories, Services), By Application (Robotic Prostatectomy, Robotic Cystectomy, Robotic Pyeloplasty, Robotic Nephrectomy, Others), and Region...
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.
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)
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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 operating in the global urology robotic surgery market are-
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.
Based on components, the global urology robotic surgery market has been classified into robotic surgery systems, instruments and accessories, services.
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.
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.
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The following is a list of the customers that the Urology Robotic Surgery market aims to convert the most:
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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.