U.S. Gynecology Robotic Surgery Market to Reach USD 1.38 Billion by 2027

The “U.S. Gynecology Robotic Surgery ” Market is set to gain traction from the increasing shift towards minimally invasive procedures over open surgeries as they have lower readmission rates, fewer complications, and provide faster recovery. This information is given by Fortune Business Insights™ in a new report, titled, “U.S. Gynecology Robotic Surgery Market Size, Share COVID-19 Impact Analysis, By Type (Robotic Systems, Instruments and Accessories, and Services), By End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Physician’s Offices), and Regional Forecast, 2020-2027.” The report further states that the market size was USD 1.04 billion in 2019 and is projected to reach USD 1.38 billion by 2027, exhibiting a CAGR of 6.8% during the forecast period.

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COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations travel bans and quarantines restaurants closed all indoor events restricted over forty countries state of emergency declared massive slowing of the IT Spending market volatility falling business confidence, growing panic among the population, and uncertainty about future.

Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

What does the Report Include?

The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

An Overview of the Impact of COVID-19 on this Market :

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of corona virus outbreak across industries to help you prepare for the future.

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COVID-19: Cancellation of Non-essential Procedures to Hinder Demand

The outbreak of the COVID-19 pandemic has taken a toll on the healthcare sector. Apart from disturbance in the demand and supply chain, it has caused cancellation and postponement of all non-essential, as well as elective dental, surgical, and medical procedures. This also includes gynecology robotic surgeries. The main reason behind this is to reallocate and reserve healthcare resources for the coronavirus positive patients. The American Hospital Association mentioned that in the U.S., hospitals and health systems have experienced a decline of 20% in inpatient volume. We are delivering elaborate research reports to help you regain confidence and surge sales.

Global U.S. Gynecology Robotic Surgery Market Segmentation :

Segments Covered in the Report

By Type

Robotic Systems
Instruments and Accessories
Services

By End User

Hospitals and Clinics
Ambulatory Surgical Centers
Physician’s Offices

By Geography

This Report Answers the Following Questions:

Which prominent player would lead in terms of revenue?
Which segment is set to dominate the market in terms of share?
Will the COVID-19 pandemic affect this market severely?
How will organizations promote the adoption of gynecology robotic surgery?

Drivers Restraints-

Rising Geriatric Population to Boost Growth in the U.S.

The rising adoption of sedentary lifestyles and the increasing geriatric population in the U.S. are further surging the incidence of various gynecological conditions among women. This is set to propel the U.S. gynecology robotic surgery market growth in the coming years. As per the American Cancer Society, in 2020, the U.S. is likely to showcase approximately 13,800 new cases of cervical cancer. Apart from that, the rising usage of da Vinci robotic surgical systems for such surgeries would accelerate growth. However, the high cost associated with gynecology robotic surgeries may hamper demand.

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Segment-

Instruments Accessories Segment to Dominate Backed by Rising Number of Hysterectomies

Based on products, the market is segregated into services, instruments accessories, and robotic systems. Out of these, the instruments accessories segment earned 57.2% in terms of the U.S. gynecology robotic surgery market share in 2019. It is set to retain its dominant position in the coming years because of the increasing adoption of gynecology robotic surgery, as well as the higher number of hysterectomies.