The global market for gynecology robotic surgery is estimated to clock in a strong CAGR of over 10.0% from 2016 to 2020, finds a report added to the vast repository of MarketResearchReports.biz. The publication, titled “Global Gynecology Robotic Surgery Market 2016-2020”, notes that the rising preference for minimally-invasive surgeries is the key driving factor. The market is also projected to be fueled by manufacturers developing advanced equipment, the various limitations of conventional surgeries, and a rising incidence of gynecological disorders among women. On the flip side, the high cost of robotic platforms and the capital required for their maintenance poses a major challenge to players. This has also resulted in a lower penetration rate.
The report studies the global gynecology robotic surgery market based on parameters such as product, end use, and geography.
On the basis of product, the market comprises instruments and accessories, robotic platforms, and services. Accounting for the largest share in 2015, robotic surgical platforms have been presenting immense scope for growth thanks to the low price and high adoption of products such as robotic arms and integrated 3D visual monitors. The ability of providing clear images and surgical precision stems from the fact that companies have been investing in the development of advanced 3D imaging modalities that can minimize errors and improved surgical outcomes.
By way of end use, the gynecology robotic surgery market is segmented into ambulatory surgery centers, hospitals and clinics, and physicians’ offices. As of now, hospitals and clinics hold the leading share in the overall market and are projected to continue this streak through 2020. A surge in the number of robotic surgeries performed and demanded and the rising sales of gynecology robotic devices have driven this segment, according to the report.
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From a geographical point of view, the global market for gynecology robotic surgery has been divided into the Americas, Europe, the Middle East and Africa, and Asia Pacific. The Americas form the dominant market and will continue leading the scenario throughout the forecast period. The high incidence of benign and malignant ovarian cancer and an increasing number of hysterectomies being performed have largely driven the America gynecology robotic surgery market.
TransEnterix, Intuitive Surgical, and Titan Medical are the dominant players in the global gynecology robotic surgery market. Other key vendors include OmniGuide Holdings, AVRA Surgical Robotics, and NovaTract Surgical. The competitive structure of the vendor landscape in the gynecology robotic surgery market has been assessed in detail in the report, along with an evaluation of the companies’ strengths, strategies, and opportunities. The author of the report notes that the intensively competitive environment in the market can be attributed to the strong presence of large and small players, who have been focused on developing products and accessories with unique features and improved precision.
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