Robotic Surgery For Endometrial Cancer Market: Current Analysis and Forecast (2023-2030)
Emphasis on Components (Robotic Surgery Systems and Maintenance Services); Surgery Type (Cryosurgery, Laser Surgery, Hysterectomy, and Others); End-Users (Hospitals & Clinics, Research Centers, and Others); and Region/Country
The Robotic Surgery for Endometrial Cancer market was valued 129 Million in year 2022 and is expected to grow at a strong CAGR of around 15.8% during the forecast period (2023-2030). Robotic surgery for endometrial cancer represents a cutting-edge and minimally invasive approach to the treatment of this gynecologic malignancy. Utilizing advanced robotic technology, this technique enables highly precise and intricate procedures with enhanced visualization and dexterity, surpassing the limitations of traditional laparoscopic surgery. The procedure involves a skilled surgeon controlling robotic arms equipped with miniature instruments, facilitating access to hard-to-reach areas while minimizing incision size. As a result, patients experience reduced postoperative pain, shorter hospital stays, and quicker recovery times. The developing healthcare infrastructure, along with the integration of advanced technology with the healthcare systems are the major contributing factors for the market growth of robotic surgery for endometrial cancer. Systems such as Medtronic’s Hugo RAS systems are designed to make it more possible for robotic-assisted surgery. These systems provide modular, portable, enhanced visualization, and instrumentation to surgeons. The ease of the surgery and increased preference for advanced surgical systems such as Hugo RAS by surgeons are the major factors responsible for the growth of robotic surgery for endometrial cancer in the nation.
Some of the major players operating in the market are Intuitive Surgical; Stryker; Accuray Incorporated; NuVasive, Inc; Smith+Nephew; Asensus Surgical US, Inc.; Medtronic; Auris Health, Inc.; Siemens Healthcare GmbH; and Renishaw plc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst components, the maintenance services segment is expected to grow at a higher CAGR during the forecast period.”
Based on components, the market is segmented into robotic surgery systems and maintenance services. As per our analysis, the maintenance services segment is expected to grow at a higher CAGR during the forecast period. The maintenance services are expected to grow with a higher CAGR. The increasing adoption of the robotic surgery system requires maintenance services for better operation is the major reason for the fast growth of maintenance services during the forecast period. The services such as preventive maintenance, repairs & replacements, software upgrades, and system optimization play a crucial role in ensuring the long-term reliability, safety, and performance of these advanced surgical technologies, thereby benefiting patients undergoing robotic surgery for endometrial cancer. As a result, the maintenance service segment to witness growth with a higher CAGR during the forecast period.
“Amongst surgery type, the laser segment is expected to grow with a higher CAGR during the forecast period.”
Based on surgery type, the market is segmented into cryosurgery, laser surgery, hysterectomy, trachelectomy, and others. As per our analysis, the laser segment is expected to grow with a higher CAGR during the forecast period. Laser surgery is a minimally invasive technique that uses a high-energy laser beam to precisely remove or destroy tissue. laser surgery is that it can minimize damage to surrounding healthy tissue, which can lead to faster healing and less pain compared to traditional surgical techniques. Additionally, laser surgery can be used to precisely target and remove cancerous tissue, which can improve the chances of complete removal of the cancer. Further, the increased product launches and research & development in robot-assisted laser surgeries are the major attributing factor for the growth of the market. For instance, Researchers at the National Robotrium, a partnership between Heriot-Watt University and the University of Edinburgh, industry partners, and Edinburgh-based clinicians are developing laser based novel robotic surgical techniques to improve surgical outcomes and patient care in cancer. The breakthrough method was awarded USD 1.59 million and was funded by the Engineering and Physical Sciences Research Council, part of UK Research and Innovation.
“Amongst end-users, the research centers segment is expected to grow at a higher CAGR during the forecast period.”
On the basis of end-users, the market is categorized into hospitals & clinics, research centers, and others. As per our analysis, the research centers segment is expected to grow at a higher CAGR during the forecast period. Research centers play an important role in the development and advancement of robotic surgery for endometrial cancer. These centers may conduct clinical trials to evaluate the safety and effectiveness of new robotic surgical techniques and devices, as well as to compare the outcomes of robotic surgery to those of traditional surgical approaches. Research institutes such as John Hopkins and The Cleveland Clinic Department of Gynecology and Obstetrics in Ohio are involved in the development and advancement of robotic surgery for endometrial cancer. These institutions work on the development of new surgical robotics used for the treatment of endometrial cancer.
“Asia Pacific is expected to grow with the highest CAGR robotic surgery for endometrial cancer market during the forecast period.”
Asia Pacific is expected to grow with the highest CAGR Robotic Surgery for Endometrial Cancer market during the forecast period. The market growth in this region is attributed to factors such as an increasing prevalence of endometrial cancer, rising awareness of robotic surgical options, improvements in healthcare infrastructure, and the adoption of advanced medical technologies. Furthermore, the region is also witnessing rapidly increasing cases of uterine cancer is also a major important factor in the market growth of robotic surgery for endometrial cancer in the Asia-Pacific. For example, according to Globocan 2020, 167,310 new cases of corpus uteri were registered in Asia.
Robotic Surgery for Endometrial Cancer Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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Table of Contents
Research Methodology for the Robotic Surgery for Endometrial Cancer Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global robotic surgery for endometrial cancer market were the three major steps undertaken to create and analyze the adoption of robotic surgery for endometrial cancer in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of global robotic surgery for endometrial cancer market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the robotic surgery for endometrial cancer market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the robotic surgery for endometrial cancer market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as components, surgery type, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the robotic surgery for endometrial cancer market. Further, we conducted factor analysis using dependent and independent variables such as components, surgery type, and end-users of the robotic surgery for endometrial cancer market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the robotic surgery for endometrial cancer market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global robotic surgery for endometrial cancer market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the robotic surgery for endometrial cancer market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global robotic surgery for endometrial cancer market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global robotic surgery for endometrial cancer market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the components, surgery type, and end-users in the global robotic surgery for endometrial cancer market.
The main objective of the Global Robotic Surgery for Endometrial Cancer Market Study
The current & future market trends of the global robotic surgery for endometrial cancer market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the robotic surgery for endometrial cancer market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of components, surgery type, and end-users.
- Define and analysis of the regulatory framework for the robotic surgery for endometrial cancer industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the robotic surgery for endometrial cancer market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the robotic surgery for endometrial cancer market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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