Da Vinci Systems Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3208
Da Vinci Systems Market size is expected to grow significantly from 2019 to 2025.
Increasing demand for minimally invasive surgeries will drive Da Vinci systems market. Minimally invasive surgery has gained clinical acceptance because of their numerous benefits over invasive/open surgeries. Few of them includes low post-operative complications, smaller incisions and minimal blood transfusion. Growing preference of patients in minimally invasive surgeries due its benefits such as faster recovery, less pain and discomfort will be a high impact rendering factor that will foster industry growth.
Favorable government regulations for surgical robots will render positive impact on the business growth. For instance, Ministry of Health, Labor and Welfare in Japan has approved 12 new procedures for reimbursement when performed using Da Vinci systems. This initiative is bound to increase adoption of surgical robots in Japan. Such favorable government initiative promoting use of Da Vinci systems will augment Da Vinci systems market growth. However, high cost of devices may impede Da Vinci systems business growth to certain extent over the forecast timeframe.
Instruments and accessories segment will witness robust growth over the coming years. Accessories includes forceps, scissors, electrocautery, scalpels that are used and replaced as per requirement. Accessories are needed to be replaced frequently as they get infected while performing surgeries. High replacement rates and increasing usage of Da Vinci systems for performing variety of surgical procedures will increase the demand for accessories over the forecast period.
Gynecology application segment accounted for significant revenue share in 2018. Complex surgeries in gynecology such as hysterectomy, sacrocolpopexy require deep incisions. Sever blood loss and other complexities may occur if surgery is performed manually. Use of Da Vinci systems for such procedure can help to avoid these complications and enable physician to perform surgery with great precision.
Hospitals segment is anticipated to witness robust growth during the forecast period. Expenditure on hospital infrastructure is comparatively higher than ambulatory surgical centers. Hospitals exhibit higher affordability for technologically advanced devices such as Da Vinci robot systems. Furthermore, availability of resources such skilled personnel required for operative such instruments will drive hospitals end user segment growth over forecast timeframe.
North America Da Vinci systems market will witness significant growth owing to high adoption in this region. Moreover, increasing geriatric population that is susceptible to chronic conditions will lead to increased demand for surgical robots for performing minimally invasive surgeries. High healthcare expenditure and favorable government regulations will boom the regional growth in upcoming years.
Some of the major competitors of Da Vinci systems includes products from MedTech, Mazor Robotics, Hansen Medical, Smith & Nephew, THINK Surgical, Medrobotics, Renishaw, and Stryker. In February 2019, Medtronic Mazor X robotic surgery system entered medical mainstream. This strategy aims to integrate the Mazor X robot with spine implants, that will create a long-term competitive advantage for the firm in the spine market.
Da Vinci systems Market by Component, 2014-2025 (USD Million)
- Robotics System
- Instruments and accessories
Da Vinci systems Market by Application, 2014-2025 (USD Million)
- Orthopedic Surgery
- General Surgery
- Gynecology Surgery
- Urologic Surgery
Da Vinci systems Market by End-user, 2014-2025 (USD Million)
- Ambulatory surgical centers (ASCs)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Mazor Robotics
- Hansen Medical
- Smith & Nephew
- THINK Surgical
- Intuitive Surgical
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