Abdominal Surgery Market to Reach at a Highest CAGR of 20.5% from 2023-2030 | Intuitive Surgical, Stryker, Smith & Nephew

Abdominal Surgery Market, By Application (General Surgery, Gynaecology, Urology, and Others), and region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America). The global Abdominal Surgery Market size is projected to reach a CAGR of 20.5% from 2023-2030.

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Abdominal Surgery Market Competitive Landscape:

Intuitive Surgical
Stryker
TransEnterix Surgical, Inc.
Mazor Robotics
Smith & Nephew
Renishaw
Medrobotics
Auris Health, Inc.
THINK Surgical, Inc.
Stereotaxis, Inc.

March 09, 2022-- Stereotaxis, a pioneer and global leader in surgical robotics for minimally invasive endovascular intervention, today is holding the grand opening of its new, 45,000-square-foot global headquarters facility in downtown St. Louis.

May 09, 2019 -- Stereotaxis, the global leader in innovative robotic technologies for the treatment of cardiac arrhythmias, introduced Stereotaxis Genesis RMN, the next-generation robotic platform and a significant advancement in robotic magnetic navigation technology.

Abdominal surgery refers to the surgical procedures done in a person's abdominal region to diagnose or treat a medical condition. Abdominal surgery can relieve the symptoms of various abdominal conditions like injury, trauma, or pain caused by a ruptured appendix or control internal bleeding. Abdominal surgery can include different techniques depending on the organ that needs an operation, such as the liver, stomach, or kidneys. Abdominal surgeries are classified into two types: laparotomies and laparoscopic surgeries.

Growth in the Abdominal Surgery Market can largely be attributed to the factor, the rise in the usage of robots to replace open surgery. Robotic method of surgery is valuable for the treatment of benign and malignant gynecologic and urologic and abdominal disease circumstances and is further anticipated to propel the growth of the abdominal surgery market. In addition, factors like an increase in the incidence of target disorders of abdominal surgical robots and technological advancements pertaining to these devices are propelling the growth of the market.

On the other hand, the high risks of robotic surgery like temporary discomfort and pain, a position associated with nerve injury, prolonged time under anesthesia, and long operations are some of the factors that will hamper the growth of the market. Though abdominal surgeries have numerous advantages, they are not very economical. The surgeries are conducted in specialized hospitals and are expensive thus hindering the growth of the market.

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North America to Dominate the Market

On the other hand, North America is expected to hold the largest market share in the global abdominal surgical robots' market over the forecast period due to increasing approval of robotic and surgical navigation systems by the U.S. Food and Drug Administration (FDA) to perform complex surgeries. For instance, in November 2018, the U.S. Food and Drug Administration (FDA) approved Medtronic's Mazor X Stealth Edition, which is used for complex spinal surgery. Furthermore, in January 2019, the first U.S. patient was treated for spine surgery using the Mazor X Stealth Edition.

Europe holds the highest CAGR due to the increasing launch of robotic and surgical navigation systems by companies in this region. For instance, in March 2019, Navio Surgical System, which provides multi-asset digital surgery and a robotic ecosystem, was launched by Smith & Nephew.

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Delvens Industry Expert's Standpoint

The cases of obesity are increasing across all age groups in most regions giving rise to the abdominal surgery market. There is a rise in the demand and usage of robots for abdominal surgeries which are also contributing to the rise in the abdominal surgery market as the traditional method of performing the surgeries is now being replaced by more convenient and advanced abdominal surgical robots. The industry is growing faster as more bariatric procedures are being performed worldwide to help people lose weight. Additionally, expanding use of robot-assisted laparoscopic procedures and the release of cutting-edge laparoscopic gadgets on the market present lucrative abdominal surgery market expansion prospects.

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