Da Vinci Systems Market size is foreseen to account for considerable growth over 2022-2028, driven by an escalation in the adoption of robot assisted surgeries across different parts of the world. Moreover, a rise in minimally invasive surgeries globally would as well support the decent uptake of the business space in the coming years.
The da Vinci systems are perceived to translate the surgeon’s hand movements at the console in real time, rotating and bending the instruments while performing the procedure. These systems deliver highly magnified and 3D high-definition views of the area that is expected to be used for surgery. The instrument size makes it potentially possible for surgeons to operate through one or a few smaller incisions.
Da Vinci systems market expansion is being further propelled by the introduction of government regulations for adoption of healthcare robots and subsequent authentication and certification for RAS like da Vinci systems. To illustrate, as per the European regulations, all healthcare robots are expected to go through the CE Mark certification under the European Medical Devices Directive.
Factors like increased duration of surgery and high cost related to the installation and surgeries would impede the growth of da Vinci systems in the ensuing years.
Based on the components, robotic systems segment is poised to gain major impetus throughout 2028, driven by the growing use of these devices for undertaking surgeries like urological, gynecological, and bariatric surgical procedures. Increasing the use of da Vinci robotic systems to carry out these procedures owing to the ample benefits such as faster recovery, reduced hospital stays, minimal blood loss during surgery, less damage to healthy tissues, and more would add to the growth prospects. As per estimates, thousands of surgeons worldwide have been trained on da Vinci systems and are considered to have successfully conducted more than 7 million surgeries using these.
Da Vinci systems have been playing a crucial role in urological surgeries that include partial and total nephrectomy, cyst removal, prostatectomy, cystectomy, ureteral implantation, and pyeloplasty. This would imply that growing incidences of disorders associated with the urinary tract system would push the demand for these surgeries, thus impelling product adoption. As per the statistics by National Kidney Foundation, kidney disease affects nearly 37 million people in the United States. Robot assisted surgeries using the da Vinci technology can support minimally invasive urological procedures.
Regionally, Asia Pacific is touted to emerge as a profitable avenue for da Vinci systems industry over 2022-2028. The growth in APAC da Vinci systems market is likely to come from the rising cases of chronic disorders and surging need for conducting minimally invasive surgeries. Besides, a rise in healthcare spending and growing healthcare investments by government agencies across different emerging Asian economies would potentially scale up the growth curve of the overall market. According to IBEF, the Government of India has publicized its plans of increasing healthcare spending to 3% of the GDP by 2022 end.
The global da Vinci systems market is highly consolidated and boasts the presence of prominent players including Hansen Medical Inc., Smith & Nephew plc, Mazor Robotics, Stryker Corporation, Stryker plc, and THINK Surgical, amongst others. These market vendors are engaged in different marketing strategies like mergers and acquisitions, partnerships, and product launches, to gain a competitive position in the global marketplace.
The outbreak of SARS-CoV-2 infection spread during 2020 has left various businesses to cripple, including the global da Vinci market. The sluggish growth in the market can be reasoned to the temporary halt in surgical procedures owing to the ongoing infection spread scare amongst people. Besides, disruptions in supply chain and unavailability of raw materials have further dropped down sales of market.
The da vinci systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:
Market, by Component
Market, by Application
Market, by End-user
The above information is provided for the following regions and countries: