Artificial Intelligence is the fastest growing segment fueling the growth of the Da Vinci Systems Market
Da Vinci Systems Market |
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.
Get more insights on this topic: https://www.newsstatix.com/da-vinci-systems-market-size-and-share-analysis-growth-trends-and-forecasts-2023-2030/
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