Laparoscopy Surgical Robots Market Size, Share, Growth, and Industry Analysis by Type (Multi-port Robots and Single Port Robots) By Application (Hospital and Ambulatory Surgical Center), Regional Forecast To 2031

Updated On: 15 April 2024

Laparoscopy Surgical Robots Market REPORT OVERVIEW

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The Laparoscopy Surgical Robots Market size is expected to grow USD 2098.7 Million in 2021 to USD 12491.37 Million by 2021 at a Compound Annual Growth (CAGR) of 19.3% from 2021 to 2031.

The laparoscopy surgical robots market refers to the use of robotic technology in minimally invasive surgical procedures. Laparoscopic surgery, also known as keyhole surgery, involves making small incisions in the body and using specialized instruments to perform surgical procedures.

Robotic-assisted laparoscopic surgery offers numerous advantages over traditional laparoscopic surgery, including increased precision, reduced trauma to the body, and shorter recovery times for patients. The use of laparoscopy surgical robots has also been shown to reduce the risk of complications during surgery. The market for laparoscopy surgical robots has been growing rapidly in recent years, driven by increasing demand for minimally invasive surgical procedures and the development of advanced robotic technology.

COVID-19 Impact: Lockdown and Supply Chain Disruption to Disturb the Market Demands

The COVID-19 pandemic has had a significant impact on the laparoscopy surgical robots’ market, as it has on many other industries. The pandemic has resulted in disruptions to global supply chains, reduced demand for non-essential medical procedures, and constraints on healthcare resources in many parts of the world. During the initial stages of the pandemic, many hospitals and clinics were forced to suspend elective surgeries, including laparoscopic procedures, in order to prioritize resources for COVID-19 patients. This led to a decline in demand for laparoscopy surgical robots, as well as other medical devices and equipment.

LATEST TRENDS

"Increasing Adoption of Robotic-Assisted Surgeries to Augment the Market Growth"

One of the latest trends in the laparoscopy surgical robots’ market is the increasing adoption of robotic-assisted surgeries in various medical specialties, such as gynecology, urology, and general surgery. This trend is driven by the benefits of robotic-assisted surgery, including shorter recovery times, reduced pain and discomfort, and fewer complications.

Another trend in the laparoscopy surgical robots’ market is the development of advanced robotic systems with improved capabilities, such as enhanced imaging, better dexterity, and improved ergonomics. These advancements are expected to increase the adoption of robotic-assisted surgeries and drive market growth.

Laparoscopy Surgical Robots Market Segmentation

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• By Type Analysis

By type, market is segmented into multi-port robots and single port robots. The multi-port robots type segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into hospital and ambulatory surgical center. The hospital segment will lead the global share through 2031.

DRIVING FACTORS

"Increasing Prevalence of Chronic Diseases, Technological Advancements to Push the Market"

The growing incidence of chronic diseases, such as cancer and obesity, is driving the demand for minimally invasive surgeries. Laparoscopic surgery is less invasive than traditional open surgery and is associated with faster recovery times and fewer complications. The development of advanced robotic systems with improved capabilities, such as enhanced imaging and better dexterity, is driving the adoption of robotic-assisted surgeries. Increasing healthcare expenditure and investments in healthcare infrastructure are driving the demand for advanced medical technologies, including laparoscopy surgical robots.

"Increasing Demand for Minimally Invasive Surgeries to Propel the Market Growth"

Laparoscopic surgeries are associated with shorter hospital stays compared to traditional open surgery. This is a key factor driving the adoption of robotic-assisted surgeries, as they can help to reduce hospital stays and associated costs. Patients are increasingly demanding minimally invasive surgical procedures that result in less pain and scarring and a quicker recovery. Laparoscopy surgical robots enable surgeons to perform minimally invasive surgeries with greater precision and accuracy. The increasing adoption of robotic-assisted surgeries in various medical specialties, such as gynecology, urology, and general surgery, is driving the growth of the laparoscopy surgical robot’s market.

RESTRAINING FACTORS

"Safety Concerns and Limited Surgeon Training to Hinder the Market Growth "

Due to their high cost, laparoscopy surgical robots are not widely available in all geographic regions, which can limit their adoption and use. As laparoscopy surgical robots are a relatively new technology, there is a shortage of skilled surgeons trained to use them, which can limit their use and adoption. While laparoscopy surgical robots offer several benefits, there are still some concerns over their safety, especially when it comes to their ability to detect and avoid injuries to surrounding organs and tissues. The regulatory environment around laparoscopy surgical robots is complex, and new regulations may be introduced that could impact the market's growth and adoption.

Laparoscopy Surgical Robots Market REGIONAL INSIGHTS

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"North America’s Market to Grow Exponentially with the Forecasted Period"

The North American region is one of the largest markets for laparoscopy surgical robots globally. The market growth in this region can be attributed to several factors, including the presence of key market players, high healthcare expenditure, and favorable reimbursement policies. Despite these challenges, the North American region is expected to continue to be a key market for laparoscopy surgical robots in the coming years, driven by factors such as increasing demand for minimally invasive surgeries, rising geriatric population, and technological advancements.

The Asia Pacific region has witnessed a significant increase in healthcare expenditure in recent years, driven by factors such as rising income levels, aging populations, and increasing prevalence of chronic diseases. This has enabled healthcare providers in the region to invest in advanced medical technologies, including laparoscopy surgical robots. The demand for minimally invasive surgeries is on the rise in the Asia Pacific region, driven by factors such as increasing awareness of the benefits of minimally invasive procedures and a growing elderly population. Laparoscopy surgical robots enable minimally invasive surgeries, and are therefore witnessing increasing demand in the region.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Intuitive Surgical (U.S.)
• Asensus Surgical (U.S.)
• CMR Surgical (UK.)
• Avatera Medical (Germany)
• Meere company (South Korea)
• Medtronic (Ireland)
• Titan Medical (Canada)
• Shanghai Microport (China)
• WEGO (Singapore)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.