Press release
Robot-Assisted PCI Market to Surge at 36.8% CAGR Driven by Rising Heart Disease and Proven Effectiveness
Market Overview:
The Robot-assisted percutaneous coronary intervention (PCI) market, valued at USD 13.40 billion in 2023, is anticipated to reach USD 24.00 billion by 2031, with a projected Compound Annual Growth Rate (CAGR) of 36.8% during the forecast period. This growth is attributed to the increasing prevalence of coronary artery diseases and rising clinical evidence supporting the efficacy of robot-assisted PCI procedures.
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Key Market Dynamics:
Drivers:
Increasing Prevalence of Coronary Artery Diseases: The rising incidence of coronary artery disorders necessitates interventions like PCI. Robot-assisted PCI offers enhanced precision and control, making it a preferred choice for patients requiring such procedures.
Rising Clinical Evidence: Robust clinical evidence supports the safety and efficacy of robot-assisted PCI, contributing to greater acceptance among healthcare professionals and driving market growth.
Opportunities:
Technological Advancements: Ongoing advancements in robotic technologies, including improved haptic feedback and enhanced navigation capabilities, present opportunities for the development of more sophisticated and user-friendly robotic systems for PCI procedures.
Collaboration and Partnership: Collaborations between medical device manufacturers, healthcare institutions, and research organizations facilitate innovation and drive the development of integrated solutions, addressing challenges related to training, education, and market access.
Market Scope and Regional Analysis:
The Robot-assisted PCI market is segmented based on product type and end-user. North America is expected to dominate the market, driven by increasing funding for research and development in surgical robots. Meanwhile, Asia-Pacific is poised to exhibit the highest growth rate, attributed to growing awareness about minimally invasive surgeries and an aging population.
Key Players:
Major players in the Robot-assisted PCI market include Stryker, Medtronic, Intuitive Surgical, Zimmer Biomet, Smith+Nephew, and others. These companies play a crucial role in driving innovation and shaping the competitive landscape of the market.
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Some of the major players operating in the robot-assisted percutaneous coronary intervention (PCI) market are:
Stryker (U.S.)
Medtronic (U.S.)
Intuitive Surgical (U.S.)
Zimmer Biomet (U.S.)
Smith+Nephew (U.S.)
Asensus Surgical US, Inc. (U.S.)
Medrobotics Corporation (U.S.)
THINK Surgical, Inc. (U.S.)
Auris Health, Inc. (U.S.)
CMR Surgical Ltd (India)
Medtech Life Pvt. Ltd (India)
Corindus, Inc. (U.S.)
Renishaw plc (U.K.)
Medical Devices Business Services, Inc. (U.S.)
meere company Inc. (South Korea)
Titan Medical Inc. (Canada)
Venus Concept (Canada)
Accuray Incorporated (U.S.)
Stereotaxis, Inc. (U.S.)
KUKA AG (Germany)
For more information and details, visit our Latest insights:
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https://researchwatchtower.blogspot.com/2024/03/personal-computer-pc-based-automation.html
https://researchwatchtower.blogspot.com/2024/03/process-automation-and-instrumentation.html
https://databridgeuser.blogspot.com/2024/03/mobile-operating-systems-os-haptic.html
https://databridgeuser.blogspot.com/2024/03/process-automation-and-instrumentation_19.html
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