Robotic Catheterization System Market Analysis by Type, by Technology - Electromechanical Robotic Catheterization Systems and Magnetic-Guided Robotic Catheterization Systems

Global Robotic Catheterization System Market: Description
The robotic catheterization system is predominantly designed to ensure the stable and correct placement of catheter inside a patient’s cardiovascular system during peripheral vascular and percutaneous coronary procedures. It enables a physician to get access to the target organs without performing open surgery. This system is also equipped with the ability to assure the safety of patients during cardiac arrhythmia procedures. Moreover, the robotic catheterization system also protects patients from being exposed to harmful radiations owing to its capability of performing interventional medical procedures.

Global Robotic Catheterization System Market: Overview
The global robotic catheterization system market is presently valued at USD 42.9 million and is expected to amass a valuation of USD 112.5 million by 2030, registering a CAGR of 14.8% over 2022-2030.
The growing pervasiveness of cardiovascular ailments and rapid technological evolution in the healthcare sector are the major factors augmenting the outlook of this industry vertical. Also, rising R&D investments in the field is adding momentum to the market progression.
Moreover, increasing healthcare expenditure across the globe, rapidly developing medical infrastructure, and integration of innovative digital technologies in robotic systems are creating lucrative opportunities for the business sphere to prosper.
Also, increase in the geriatric population base and growing trends of automation in the healthcare sector are stimulating the dynamics of this marketplace.
On the contrary, lack of awareness regarding the benefits offered by robotic catheterization systems is hindering the remuneration scope of this industry.

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Global Robotic Catheterization System Market- Key trends
Rising prevalence of cardiovascular ailments to aid industry expansion
There has been a steep rise in the occurrence of cardiovascular diseases across the globe. This is predominantly powered by growing elderly population along with the unhealthy lifestyle of the masses which includes excessive smoking and alcohol consumption habits. Apart from that, increasing pollution rates worldwide is further contributing to a rapid surge in the patient pool suffering from cardiac issues. These factors in turn are adding traction to the overall market development.

Growing inclination of towards minimally invasive surgical products to drive market growth
With increasing technological advancements in the medical sector, there has been a shifting inclination of patients and physicians towards minimally invasive surgical procedures. This is due to the fact that these surgical procedures involve smaller incisions on the patient’s body and hence are safer than conventional open surgeries. This in turn is bolstering the industry expansion.

Global Robotic Catheterization System Market- Segmental assessment
By Type
• Multi-specialty Systems
• Single-specialty Systems

By Technology
• Electromechanical Robotic Catheterization Systems
• Magnetic-Guided Robotic Catheterization Systems
The electromechanical robotic catheterization systems segment is slated to generate significant returns over the forecast period due to its high efficacy and ease of use. It enables the physician to stabilize the required pressure according to the medical needs.

By End user
• Hospitals
• Ambulatory Surgical Centers
• Catheterization Laboratories
The catheterization laboratories segment is poised to amass notable gains over the stipulated timeline owing to the widespread development in the healthcare infrastructure and rapid technological evolution in the robotic catheterization system vertical.

Global Robotic Catheterization System Market- Geographical landscape
The major regions constituting the geographical terrain of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is projected to capture a substantial revenue share over the forecast period of 2022-2030. This is credited to the rising prevalence of cardiac ailments, surge in the geriatric population base, technological advancements in the field, and increasing healthcare expenditure in the region.

Global Robotic Catheterization System Market- Competitive hierarchy
The prominent players defining the competitive ambit of this market vertical are Siemens, Intuitive Surgical, Inc., Abbott Laboratories, Boston Scientific Corporation, Corindus Vascular Robotics Inc., Catheter Precision Inc., Magnetecs Corporation, Stereotaxis Inc., Johnson & Johnson, and Others.
Notably, in October 2019, Siemens announced to have acquired Corindus, a cath lab robotics vendor to diversify its portfolio in the field.

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Report scope
Global Robotic Catheterization System Market: Historical Years- 2018-2021
Global Robotic Catheterization System Market: Forecast Years- 2022-2030
Global Robotic Catheterization System Market 2022- USD 42.9 million
Global Robotic Catheterization System Market projected market 2030- USD 112.5 million
Global Robotic Catheterization System Market CAGR- 14.8%

Key segments covered-
• By Type (Multi-specialty Systems and Single-specialty Systems)
• By Technology (Electromechanical Robotic Catheterization Systems and Magnetic-Guided Robotic Catheterization Systems)
• By End user (Hospitals, Ambulatory Surgical Centers, and Catheterization Laboratories)

Major regions and countries covered-
• North America (U.S., Canada, and Mexico)
• Europe (Germany, U.K., France, Italy, and Russia)
• Asia Pacific (China, Japan, India, ASEAN, and South Korea)
• Middle East & Africa (GCC, South Africa, and Egypt)
• South America (Brazil and Argentina)

Top players profiled- Siemens, Intuitive Surgical, Inc., Abbott Laboratories, Boston Scientific Corporation, Corindus Vascular Robotics Inc., Catheter Precision Inc., Magnetecs Corporation, Stereotaxis Inc., Johnson & Johnson, and Others

Frequently Asked Questions
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