Global Urology Robotic Surgery Market

Global Urology Robotic Surgery Market Size, Share, Growth Analysis, By Component(Robotic Surgery Systems, Instruments and Accessories), By Application(Robotic Prostatectomy, Robotic Cystectomy) - Industry Forecast 2024-2031

Report ID: SQMIG35D2238 | Region: Global | Published Date: April, 2024
Pages: 216 | Tables: 65 | Figures: 70

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Global Urology Robotic Surgery Market size was valued at USD 5 billion in 2022 and is poised to grow from USD 5.99 billion in 2023 to USD 25.22 billion by 2031, growing at a CAGR of 19.7% in the forecast period (2024-2031).

Urology robotic surgery providers should focus on increasing awareness regarding the benefits of this surgery to promote acceptance among patients around the world. Urology robotic surgery companies can also work closely with robotic technology providers to develop more precise and effective robotic surgery systems designed for urology applications. Collaborations, mergers, and partnerships are estimated to help urology robotic surgery market players expand their market share and presence on a global level. 'Intuitive Surgical, Inc.', 'Renishaw plc', 'Mazor Robotics Ltd.', 'Stryker Corporation', 'OMRON Corporation', 'CMR Surgical Ltd.', 'TransEnterix Surgical, Inc.', 'Verb Surgical Inc.', 'Auris Health, Inc.', 'Medtronic plc', 'Siemens Healthineers AG', 'Zimmer Biomet Holdings, Inc.', 'Titan Medical Inc.', 'Accuray Incorporated', 'Smith & Nephew plc'

Robotic technology has come a long way in recent years and these advancements are surely projected to boost urology robotic surgery demand outlook in the future. The efficacy of robots in performing surgeries has been proven and these advancements in robotics will only boost market growth going forward.

North America is predicted to dominate the global urology robotic surgery demand outlook across the forecast period. Increasing acceptance of novel surgery technologies and high incidence of urology disorders are contributing to the high market share of this region. A developed healthcare ecosystem and high healthcare spending potential are also contributing to the region's dominance. Canada and the United States are estimated to be the key markets for urology robotic surgery companies in this region going forward.

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