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Da Vinci Systems Market 2024 Mega Trends, Industry Growth, Future Outlook And Forecast To 2033
Da Vinci Systems Market
As per the report, the da vinci systems market size has grown exponentially in recent years. It will grow from $1.87 billion in 2023 to $2.25 billion in 2024 at a compound annual growth rate (CAGR) of 20.2%. The da vinci systems market size is expected to see exponential growth in the next few years. It will grow to $4.77 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%.
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Growing Number Of Surgeries Fueling Demand For Da Vinci Systems
A growing number of surgeries is expected to propel the growth of the da Vinci systems market going forward. The growing number of surgeries is due to advances in medical technology, an aging population with more health issues, increased awareness and access to healthcare, and a shift towards more proactive and preventive surgical interventions. Da Vinci surgical systems are used in various surgical specialties, including urology, gynecology, general surgery, cardiothoracic surgery, and colorectal surgery. They enable surgeons to perform complex procedures with greater precision, smaller incisions, reduced blood loss, and faster recovery times compared to traditional open surgery. For instance, according to Intuitive Surgical, Inc., a US-based corporation specializing in robotic products for minimally invasive, approximately 1,875,000 surgical procedures were performed with da Vinci Surgical Systems in 2022, an increase of approximately 18% compared to 1,594,000 surgical procedures in 2021. Therefore, the growing number of surgeries is driving the growth of the da Vinci systems market going forward.
Advanced Robotic Systems Driving Surgical Precision And Patient Outcomes
Major companies operating in the da Vinci systems market are developing innovative multiport robotic systems, such as da Vinci 5, to enhance surgical precision and patient outcomes. The da Vinci 5 is Intuitive Surgical's latest generation of robotic surgical systems, which has received 510(k) clearance from the US Food and Drug Administration (FDA). For instance, in March 2022, Intuitive Surgical Inc., a US-based company that provides robotic-assisted minimally invasive surgery (MIS) devices, da Vinci 5, the fifth-generation multiport robotic system. This advanced system boasts enhanced accuracy and a state-of-the-art 3D display, incorporating over 150 improvements such as upgraded image processing and pioneering force-sensing technology.
The da vinci systems market covered in this report is segmented -
1) By Product Type: Systems, Instruments And Accessories, Services, Data Analytics Software
2) By Application: General Surgery, Urological Surgery, Gynecological Surgery, Cardiothoracic Surgery, Colorectal Surgery, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Academic And Research Centers
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Major companies operating in the da vinci systems market are Johnson & Johnson, Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings, Inc., Intuitive Surgical Inc., Smith & Nephew plc, Karl Storz, Applied Medical, CMR Surgical Ltd, Avatera Medical, Stereotaxis Inc., THINK Surgical Inc., Titan Medical, MicroSure, Corindus Vascular Robotics Inc., XACT Robotics Ltd., Vicarious Surgical Inc., Z-Media LLC, Advanced Vascular Dynamics, Transluminal Technologies, Robocath, Tricol Medical, Hansen Medical Inc., Meere Company Inc.
Contents of the report:
1. Executive Summary
2. Da Vinci Systems Market Report Structure
3. Da Vinci Systems Market Trends And Strategies
4. Da Vinci Systems Market - Macro Economic Scenario
5. Da Vinci Systems Market Size And Growth
…..
27. Da Vinci Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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