Mobile Medical Imaging is the Fastest Growing Segment Fueling the Growth of Da Vinci Systems Market
Market Overview:
Da Vinci Systems are minimally invasive surgical systems that allow surgeons to perform complex procedures through just a few small incisions, rather than the larger incisions required for traditional surgery. It is advantageous as it results in less pain and scarring for patients and often corresponds to shorter hospital stays and quicker return to normal activities.
Market key trends:
One of the major trends driving the market growth is the increasing demand for mobile medical imaging. This has helped Da Vinci systems providers to expand surgical treatments to rural areas where high-quality surgical care was traditionally unavailable. These mobile medical imaging solutions allow for greater flexibility in treatment and expand access to care for under served populations in rural areas. Being less invasive, the surgeries performed using Da Vinci systems also have shorter recovery time which is boosting the adoption of these systems across hospitals globally.
Segment Analysis
The global Da Vinci Systems market is segmented into robotic surgical system and instruments & accessories. The robotic surgical system segment dominated the market in 2023 and accounted for around two-third share of the global market. This is because da vinci robotic surgical systems are highly priced capital equipment that provides advantages over traditional open surgeries and laparoscopic procedures.
Key Takeaways
The global Da Vinci Systems Market Demand is expected to witness high growth, exhibiting CAGR of 17.1 % over the forecast period, due to increasing adoption of minimally invasive surgeries globally.
North America dominated the global market in 2023 and is expected to continue its dominance over the forecast period. This is attributed to the rising prevalence of chronic diseases, growing geriatric population undergoing various surgical procedures, and availability of reimbursement for robotic surgeries in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period owing to growing medical tourism industry and improving healthcare infrastructure.
Key players operating in the Da Vinci Systems market are Intuitive Surgical, Johnson & Johnson, Medtronic, Stryker, and Smith & Nephew. Intuitive Surgical led the global market in 2023 with over 60% market share owing to its robust product portfolio and strong global footprint.
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https://perfectinsights.blogspot.com/2023/11/da-vinci-systems-market-is-estimated-to.html
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