Vascular Interventional Surgery Robot Market Size, Share, and Industry Analysis, By Type (Image Navigation and Magnetic Navigation), By Application (Cardiovascular, Cerebrovascular, Peripheral Blood Vessels, and Others) Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast To 2030

Updated On: 15 May 2023

Vascular Interventional Surgery Robot Market Report Overview

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The global vascular interventional surgery robot market size is expected to be USD 45 million in 2022 and is projected to touch USD 203.7 million by 2028, exhibiting a CAGR of 28.8% during the forecasting period.

Vascular interventional doctors are uncovered to radiation dangers through operation and tolerate high work concentration. Remote vascular interventional surgery robotics is a warm investigation field, in which scientists aim to not only defend the strength of interventional doctors, but to also progress surgical exactness and effectiveness. However, the present vascular interventional robots have several limitations, such as poor haptic response, few friendly operations and tools, and cumbersome maintenance and working processes. However, vascular interventional surgery joint with robotics offers more cutting-edge guidelines, such as Internet remote surgery combined with 5G network technology and the use of AI in surgical processes. 

The healthcare industry is increasing at a stable amount and is anticipated to move up the development scale in the upcoming years. The healthcare industry is involved in numerous main areas, including healthcare services and conveniences, hospital provisions, medical tools, medicines, and drugs, and we provide widespread data on these sectors with the maximum accuracy.

COVID-19 Impact: Increasing Demand from Healthcare Sector to Upsurge Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with vascular interventional surgery robot experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Healthcare administrations are now operational in an active atmosphere, suffering seismic alterations due to the outline of advanced medicinal cures and augmented internet practice. This, along with unmatched online contact to astonishing totals of info, has made smart patients more cautious. Therefore, the growing demand for smooth, inexpensive, and personalized healthcare facilities has surged. The COVID-19 pandemic has further caused higher demand for healthcare and linked products & services further reinforcement the presentation of the whole healthcare business.

LATEST TRENDS

"R&D Activities to Boost Market Growth"

With the quick upsurge in the saturation amount of medical robots, the business has arrived at a period of rapid development. To mature an improved surgical robot and rapidly arrive at the market to occupy the market share, not only transmits to the innovative and realism of the product itself, but also the understanding of the medical business to find an appropriate market entry point, to construct a brand in the surgery robot manufacturing. Cardiovascular disease cure is a composite operation. It is very easy for the doctors to undergo a physical loss under X-ray radiation for a long time, and due to the high struggle of surgical operation, the preparation period of the doctors is elongated.

Vascular Interventional Surgery Robot Market Segmentation

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• By Type Analysis

As per type, the market is classified into Image Navigation and Magnetic Navigation.

• By Application Analysis

Based on application, the market is categorized into Cardiovascular, Cerebrovascular, Peripheral Blood Vessels, and Others.

DRIVING FACTORS

"Adoption of Innovative Technologies to Facilitate Market Development"

The acceleration of the speed of life and the upsurge in work pressure, cardiovascular and cerebrovascular illnesses are getting closer and closer to people. In recent years, vascular interventional surgery has advanced into a significant technique for the cure of cardiovascular and cerebrovascular diseases. Nevertheless, old-fashioned interventional surgery has enormously severe necessities for doctors, and doctors who perform interventional procedures for a long time will undergo a lot of radiation. Using vascular interventional surgery robots to support doctors in operation can make up for many inadequacies of old-fashioned surgical procedures. Thus, the market has the demand for surgical robots which is becoming more and more crucial. 

"Increasing Adoption in Healthcare Sector to Foster Industry Progress"

The growing demand for robotics in the healthcare industry, rising numbers of chronic diseases, growing geriatric population, the difficulty of surgical techniques, and the increasing demand for non-invasive operations with more exactness and rigidity are the features driving the market. Moreover, single incision robotic adrenalectomy (SIRA) is planned to combine the qualities of robotic operation with single incision laparoscopic methods. The surgical procedure is presented to be harmless, practicable, and oncologically operative for resection of adrenal crowds in well-selected pediatric patients.

RESTRAINING FACTORS

"High Cost to Hinder Market Progress "

High costs of fixing, distresses concerning protection and amalgamation subjects, are some of the aspects that have been stimulating the growth of the market. Nevertheless, inventions in the surgical robots' scenery are estimated to decrease the cost of the organizations in the coming years. Thus, the market saturation is expected to upsurge in the coming years. ​

Vascular Interventional Surgery Robot Market Regional Insights

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"R&D Activities to Propel Market Progress in North America"

North America held the largest vascular interventional surgery robot market share. The enormous share of the North American market can be accredited to the accessibility of finance for R&D in surgical robots in this region and the growing approval of surgical robots for pediatric operations in Canada and common surgery techniques in the U.S.

Asia Pacific is anticipated to have a sizable market share. This can be credited to the growing occurrence rate of chronic diseases, technical innovations in the robotic assistive machinery and growing disposable income in the region is likely to foster vascular interventional surgery robot market growth in the coming years.

KEY INDUSTRY PLAYERS

"Incorporation of OEM and Strategic Alliances to Improve their Brand Image"

The market is experiencing a rise in competition. Several significant and other key vendors are currently present in the industry, aiding in market expansion. Due to the absence of many significant participants in the window and external sealing system markets, market players are dominating these sectors. Additionally, in recent years, suppliers have been observed entering into strategic alliances with OEM to control the reliable supply of their sealing systems.

List of Market Players Profiled

• Robocath (France)
• Hansen Medical (Auris) (U.S.)
• Stereotaxis (U.S.)
• Corindus Vascular Robotics (Siemens) (U.S.)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.