The robotic-assisted laparoscopic surgery global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Robotic-Assisted Laparoscopic Surgery Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The robotic-assisted laparoscopic surgery market size has grown strongly in recent years. It will grow from $128.38 billion in 2023 to $140.90 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increasing investments in healthcare robotics, increasing healthcare expenditure globally, rise in robotic surgery training programs, growth in demand for personalized surgery solutions, and growth in research and development.
The robotic-assisted laparoscopic surgery market size is expected to see rapid growth in the next few years. It will grow to $207.72 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to growing demand for less invasive surgical procedures, increasing adoption of automated instruments, growing prevalence of bone degenerative diseases, increasing cases of chronic diseases, and growing elderly population. Major trends in the forecast period include technological advancements, artificial intelligence (AI) integration, machine learning, simulation-based training, and microrobotics.
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Scope Of Robotic-Assisted Laparoscopic Surgery Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Robotic-Assisted Laparoscopic Surgery Market Overview
Market Drivers –
The growing demand for surgical procedures is expected to propel the growth of the robotic-assisted laparoscopic surgery market going forward. Surgical procedures are medical interventions that involve the physical alteration of tissues and organs through manual or instrumental means. The demand for surgical procedures is due to increasing awareness of health and cosmetic options and a rising prevalence of chronic and age-related conditions. Robotic-assisted laparoscopic surgery represents a significant advancement in surgical procedures, offering enhanced precision and control that make complex procedures more accessible while minimizing patient recovery times and surgical risks. For instance, in August 2023, according to The Aesthetic Society, a US-based organization of plastic surgery and cosmetic medicine, in 2022, Americans spent more than $11.8 billion on aesthetic procedures overall, reflecting a 2% increase from 2021. Therefore, the growing demand for surgical procedures is driving the growth of the robotic-assisted laparoscopic surgery market.
Market Trends –
Major companies operating in the robotic-assisted laparoscopic surgery market are focused on developing advanced technologies, such as AI platforms for robotic surgery, to help surgeons review and improve their techniques. AI platforms for robotic surgery integrate advanced artificial intelligence with robotic surgical systems to improve precision, automate specific tasks, and enhance decision-making during surgery. These platforms aim to optimize surgical outcomes by providing surgeons with real-time insights, analysis, and control tools. For instance, in July 2024, Medtronic, a US-based medical device company, launched the Live Stream function for the Touch Surgery ecosystem of digital technologies. The newly launched feature enables secure live streaming of surgical procedures, offering a virtual learning platform where medical professionals can observe expert techniques remotely, simulating an in-person experience. The technology enhances post-operative analysis with 14 advanced AI algorithms by generating insights from surgical videos, mainly for laparoscopic and robotic-assisted procedures. This development aligns with ongoing efforts to integrate advanced computing capabilities into operating rooms globally to enhance surgical training, improve operational efficiency, and optimize patient outcomes.
The robotic-assisted laparoscopic surgery market covered in this report is segmented –
1) By Type: Robotic-Assisted Radical Prostatectomy, Robotic-Assisted Partial Nephrectomy, Robotic-Assisted Nephrectomy, Other Type
2) By Application: Hospitals, Ambulatory Surgical Center, Other Applications
3) By End-Use: Inpatient, Outpatient
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Regional Insights –
Asia-Pacific was the largest region in the robotic-assisted laparoscopic surgery market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic-assisted laparoscopic surgery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the robotic-assisted laparoscopic surgery market are Johnson & Johnson, Medtronic PLC, Doosan Corporation, Intuitive Surgical Inc., Vicarious Surgical Inc., MedStar Health Inc., Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corporation, Corza Medical, CMR Surgical Ltd., Distalmotion S.A., Titan Medical Inc., Medrobotics Corporation, Asensus Surgical Inc., SS Innovations China Co. Ltd., Moon Surgical Inc., Levita Magnetics, EndoQuest Robotics, FreeHand Surgeon, Shandong Weigao Surgical Robot
Table of Contents
- Executive Summary
- Robotic-Assisted Laparoscopic Surgery Market Characteristics
- Robotic-Assisted Laparoscopic Surgery Market Trends And Strategies
- Robotic-Assisted Laparoscopic Surgery Market – Macro Economic Scenario
- Global Robotic-Assisted Laparoscopic Surgery Market Size and Growth
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- Key Mergers And Acquisitions In The Robotic-Assisted Laparoscopic Surgery Market
- Robotic-Assisted Laparoscopic Surgery Market Future Outlook and Potential Analysis
- Appendix
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