Robotic Cardiology Surgery Market to Experience Substantial Growth Rate of 33.3% By 2029

PRESS RELEASE
Published October 30, 2023

Data Bridge Market Research conducted a recent market intelligence study, thoroughly analyzing the Robotic Cardiology Surgery Market. The newly published report employs an appealing layout that presents essential data using visually engaging tables, graphs, charts, and figures.

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Data Bridge Market Research analyses that the robotic cardiology surgery market to be grow at a CAGR of 33.3% in the forecast period of 2022-2029.

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Robotic cardiology surgery refers to a set of robot-assisted surgical procedures, solutions, and equipment designed exclusively for heart procedures. Advanced navigational equipment, visualization systems, diagnostic products, surgical products, and a variety of other components are included in these robots, all of which are designed to improve the accuracy and quality of surgical healthcare services delivered to patients.

Key Growth Drivers:

The rising preference among the target patient population to undergo minimally invasive surgical methods will be a major driver of accelerating the growth of the robotic cardiology surgery market. The increase in prevalence of cardiovascular diseases globally will increase the demand for robotic cardiology surgery and further propel the market’s growth rate. Another significant factor resulting in the expansion of market is the advancement of technology for robotic systems. Furthermore, surging healthcare expenditure and increase of robot-based and computer-assisted cardiological surgery procedures for heart diseases are the major drivers that will enhance the growth of market. Rapid urbanization, changing lifestyle, and rise in disposable incomes in developing and developed countries will influence the growth rate of the robotic cardiology surgery market. The rise in the number of geriatric population will flourish the growth rate of robotic cardiology surgery market.

Moreover, the rise in the number of research and development activities associated with robotic cardiology surgery and advancement in robotic system technology will provide beneficial opportunities for the growth of the robotic cardiology surgery market. Additionally, the increasing demand from emerging markets and increasing government investments for the development of technology and healthcare infrastructure will further expand the future growth of the robotic cardiology surgery market.

The report outlines the involvement of key players, including:

Corindus, Inc., Auris Health, Inc., Intuitive Surgical, Medrobotics Corporation, Revo-Ex Technology IndiaPvt Ltd., Accuray Incorporated, Johnson & Johnson Private Limited, CAE Inc., Medtronic, Meerecompany Inc., Simbionix USA Corporation, Titan Medical Inc., Asensus Surgical US, Inc., and Siemens Healthcare GmbH, among others.

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Key Market Segmentation

  • Based on product and service, the robotic cardiology surgery market consists of robotic systems, instruments and accessories, maintenance services and system services.
  • On the basis of equipment type, the robotic cardiology surgery market has been categorized as robot machines, navigation systems, planners and simulators and others.
  • Robotic cardiology surgery market has also been segmented on the basis of end user into hospitals and research centers.

The Robotic Cardiology Surgery market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:

  1. North America: United States, Canada, and Mexico.
  2. Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
  3. Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
  4. Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
  5. South America: Brazil, Argentina, and other countries in South America.

North America dominates the robotic cardiology surgery market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of flexible regulatory scenarios of authorities and the rise in the adoption of innovative and technologically advanced products in this region. Europe on the other hand is projected to exhibit the highest growth rate during the forecast period due to the increasing healthcare infrastructure and flexibility of healthcare compliance in relation to robotic surgery in this region.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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