Global Urology Robotic Surgery Market to Reach US$ 4.1 Billion by 2032, Stimulated by Rising Prevalence of Kidney or Urinary Tract Diseases

July 13, 2023 | Healthcare

According to the latest report by IMARC Group, titled “Urology Robotic Surgery Market Report by Component (Robotic Surgery Systems, Instruments and Accessories, Services), Application (Robotic Prostatectomy, Robotic Cystectomy, Robotic Pyeloplasty, Robotic Nephrectomy, and Others), and Region 2024-2032,” the global urology robotic surgery market size reached US$ 1.8 Billion in 2023. Urology robotic surgery, also known as robot-assisted urologic surgery, is a specialized surgical technique that utilizes robotic systems to assist urologists in performing various urological procedures. It combines the precision and dexterity of robotic technology with the skills of the surgeon to enhance surgical outcomes and minimize invasiveness. The robotic arms mimic the surgeon's hand movements, allowing for greater precision, range of motion, and maneuverability during the procedure. It offers various benefits such as smaller incisions, reduced blood loss, decreased postoperative pain, shorter hospital stays, and faster recovery compared to traditional open surgery.

Global Urology Robotic Surgery Market Trends:

The urology robotic surgery market is driven by the increasing prevalence of urinary tract diseases and urological conditions such as prostate cancer, kidney disorders, and bladder diseases. Urology robotic surgery offers several advantages over traditional open surgery, including reduced invasiveness, shorter hospital stays, faster recovery, and improved surgical precision. Besides, the rising geriatric population that is more susceptible to such diseases represent another major growth-inducing factor. Additionally, advancements in robotic technology, such as improved instrumentation, enhanced imaging capabilities, and intuitive control systems, are further propelling market growth. Moreover, the integration of robot-assisted flexible endoscopes with the system to access and treat complex anatomies and enhance precision in diagnostic proceedings is also influencing the market growth. Furthermore, the expanding base of skilled robotic surgeons, increasing research and development (R&D) activities to manufacture urology surgical robots with enhanced efficacy and the rising investments in healthcare infrastructure are also playing a significant role in driving the urology robotic surgery market. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2032, exhibiting a growth rate (CAGR) of 9.2% during 2024-2032.

Market Summary:

  • Based on the component, the market has been segmented into robotic surgery systems, instruments and accessories and services. According to the report, instruments and accessories represented the leading segment.
  • On the basis of the application, the market has been categorized into robotic prostatectomy, robotic cystectomy, robotic pyeloplasty, robotic nephrectomy and others. According to the report, robotic prostatectomy accounted for the largest market share.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being Intuitive Surgical Inc., Johnson & Johnson, Medtronic plc, Stryker Corporation, and Surgical Science Sweden AB.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Intuitive Surgical Inc., Johnson & Johnson, Medtronic plc, Stryker Corporation, Surgical Science Sweden AB, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
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Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Urology Robotic Surgery Market to Reach US$ 4.1 Billion by 2032, Stimulated by Rising Prevalence of Kidney or Urinary Tract Diseases
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