Da Vinci systems enable surgery through tiny incisions using advanced robotic technologies. They offer surgeons enhanced dexterity, precision and control via a minimally invasive approach, translating to reduced trauma, blood loss and scarring for patients.
The global Da Vinci Systems Market is estimated to be valued at US$ 1.76 Bn in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends propelling the growth of the Da Vinci Systems Market is the shift towards minimally invasive surgery (MIS). MIS offers major advantages over traditional invasive surgeries such as shorter hospital stays, less pain and scarring, faster recovery times and lower risk of post-operative complications. The enhanced ergonomics and precision of Da Vinci systems renders them highly suitable for complex and delicate MIS procedures. This has led to their increased adoption across various surgical specialties like urology, gynecology and thoracic procedures globally.
Segment Analysis
The global Da Vinci Systems market can be segmented into product types and applications. Based on product type, the da Vinci surgical systems segment dominates the market as it offers superior quality 3D visualization, improved ergonomics and dexterity compared to other conventional surgical techniques which has increased its adoption among hospitals and surgeons.
Key Takeaways
The global Da Vinci Systems market demand is expected to witness high, exhibiting a CAGR of 17.% over the forecast period, due to increasing preference for minimally invasive surgeries and rising geriatric population suffering from chronic conditions.
Regional analysis
North America dominated the global market in 2023 and is expected to continue its dominance during the forecast period due to higher awareness aboutminimally invasive surgeries and technical advancements. Asia Pacific is expected to witness the fastest growth rate owing to increasing healthcare expenditure and rising medical tourism in countries like India, China and Japan.
Key players
Key players operating in the Da Vinci Systems market are Intuitive Surgical, Johnson & Johnson, Medtronic, Stryker, Smith & Nephew. Intuitive Surgical dominates the market with over 70% share owing to its robust product portfolio and strong global footprint.
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