DUBLIN, Nov 24, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Urology Robotic Surgery Market 2016-2020" report to their offering.
The report forecasts the global urology robotic surgery market to grow at a CAGR of 11.34% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The market has been witnessing a development in the use of low-cost robotic surgical systems, which is expected to change the market dynamics in the future. One of the reasons for low penetration rates in the market is the high cost of robotic surgical systems. Therefore, emerging competitors are currently focusing on developing cost-effective robotic systems and are likely to challenge the dominance of established vendors by providing greater affordability and technological innovation.
According to the report, the robotic platform in lease is a business strategy used by the company to penetrate in the emerging markets. There is an increase in adoption of robotic platform under lease programs in APAC. In North Americas and Europe, the number of leasing agreements are increasing as many end users are purchasing the equipment. Leasing robotic platform is cost effective for end users which is boosting the market growth.
Further, the report states that the market has been witnessing low penetration rates, owing to less awareness among end-users, lack of skilled surgeons, and regulatory bodies concerns related to the safety of robotic surgical procedures. For instance, the penetration rate of urology robotic surgeries stood at only 25-28% in Western Europe, and 32-35% in other developed countries (includes Japan, Australia, South Korea, and Canada).
- Intuitive Surgical
- Titan Medical
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Economic analysis of robotic surgeries
Part 06: Market landscape
Part 07: Market segmentation by procedure
Part 08: Market segmentation by product
Part 09: Geographical segmentation
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/tqwzb4/global_urology
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets