report-image

Robotic Catheterization System Market by Type(Multi-specialty Systems and Single-specialty Systems), by Technology(Electromechanical Robotic Catheterization Systems and Magnetic-Guided Robotic Catheterization Systems), by End user(Hospitals, Ambulatory Surgical Centers, and Catheterization Laboratories), by Region & Forecasts By 2033

  • PUBLISHED ON
  • 1970-01-01
  • NO OF PAGES
  • 221
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

Robotic Catheterization System Market is presently valued at USD 42.9 million and is expected to amass a valuation of USD 112.5 million by 2033, registering a CAGR of 14.8% over 2023-2033. The robotic catheterization system is predominantly designed to ensure the stable and correct placement of catheter inside a patient’s cardiovascular system during peripheral vascular and percutaneous coronary procedures.

It enables a physician to get access to the target organs without performing open surgery. This system is also equipped with the ability to assure the safety of patients during cardiac arrhythmia procedures.

Moreover, the robotic catheterization system also protects patients from being exposed to harmful radiations owing to its capability of performing interventional medical procedures.

Report Scope

Report Attributes

Description

Market Size in 2022 (Value)

USD 42,900 million

Market Forecast in 2033 (Value)

USD 112,500 million

CAGR % 2023-2033

14.8%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2033

`Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Type, technology and end user

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Siemens, Intuitive Surgical, Inc., Abbott Laboratories, Boston Scientific Corporation, Corindus Vascular Robotics Inc., Catheter Precision Inc., Magnetecs Corporation, Stereotaxis Inc., Johnson & Johnson, and Others


The growing pervasiveness of cardiovascular ailments and rapid technological evolution in the healthcare sector are the major factors augmenting the outlook of this industry vertical. Also, rising R&D investments in the field is adding momentum to the market progression. Moreover, increasing healthcare expenditure across the globe, rapidly developing medical infrastructure, and integration of innovative digital technologies in robotic systems are creating lucrative opportunities for the business sphere to prosper.

Also, increase in the geriatric population base and growing trends of automation in the healthcare sector are stimulating the dynamics of this marketplace. On the contrary, lack of awareness regarding the benefits offered by robotic catheterization systems is hindering the remuneration scope of this industry.

Market Key trends

Rising prevalence of cardiovascular ailments to aid industry expansion

There has been a steep rise in the occurrence of cardiovascular diseases across the globe. This is predominantly powered by growing elderly population along with the unhealthy lifestyle of the masses which includes excessive smoking and alcohol consumption habits.

Apart from that, increasing pollution rates worldwide is further contributing to a rapid surge in the patient pool suffering from cardiac issues. These factors in turn are adding traction to the overall market development.

Growing Inclination Of Towards Minimally Invasive Surgical Products To Drive Market Growth

With increasing technological advancements in the medical sector, there has been a shifting inclination of patients and physicians towards minimally invasive surgical procedures. This is due to the fact that these surgical procedures involve smaller incisions on the patient’s body and hence are safer than conventional open surgeries. This in turn is bolstering the industry expansion.


Market Segmental Analysis

Electromechanical robotic catheterization systems refer to medical devices that are used in minimally invasive procedures to diagnose and treat heart conditions. These systems use robotic technology to assist doctors in performing catheterization procedures with more precision and control.

The growth of the market is driven by various factors, including the increasing prevalence of heart diseases, the growing demand for minimally invasive procedures, and the increasing adoption of robotic-assisted surgeries in the healthcare industry. In addition, advancements in technology, such as the development of 3D imaging and navigation systems, are expected to drive the growth of the market in the coming years.

Some trends in the electromechanical robotic catheterization systems market include:

Increasing use in complex procedures: Electromechanical robotic catheterization systems are increasingly being used in complex procedures, such as ablation procedures for treating arrhythmias. These systems provide more precision and control, which can lead to better outcomes for patients.

Growing adoption in emerging markets: The adoption of electromechanical robotic catheterization systems is growing in emerging markets, such as Asia and Latin America. This is driven by increasing investments in healthcare infrastructure and rising awareness about the benefits of minimally invasive procedures.

Advancements in imaging and navigation technology: The development of advanced imaging and navigation technology, such as 3D imaging and mapping systems, is expected to drive the growth of the market in the coming years. These technologies provide more accurate and detailed images, which can help doctors perform procedures with greater precision and safety.

Increasing focus on patient safety: Patient safety is a key focus of the healthcare industry, and electromechanical robotic catheterization systems are designed to improve safety by reducing the risk of complications during procedures. This is expected to drive the adoption of these systems in the coming years.

The demand for robotic catheterization systems in hospitals is increasing as more hospitals adopt these systems to perform minimally invasive procedures for treating heart diseases. These systems provide a number of benefits over traditional catheterization procedures, including greater precision, control, and safety.

Robotic catheterization systems are used in a variety of procedures, including diagnostic catheterization, ablation procedures for treating arrhythmias, and implantation of pacemakers and other devices. These systems can help reduce the risk of complications during procedures, such as bleeding and damage to blood vessels, and can lead to shorter hospital stays and faster recovery times for patients.

In addition, the COVID-19 pandemic has led to an increased demand for robotic catheterization systems, as hospitals look for ways to reduce the risk of infection for healthcare workers and patients. Robotic systems can allow doctors to perform procedures remotely, reducing the need for close contact with patients and potentially reducing the risk of infection.

Overall, the demand for robotic catheterization systems in hospitals is expected to continue to grow in the coming years, as hospitals look for ways to provide safer, more effective care for patients with heart diseases.

Market Regional Analysis

The major regions constituting the geographical terrain of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. In Japan, the use of robotic catheterization systems has been increasing in recent years. These systems are used in a variety of procedures, including diagnostic catheterization, ablation procedures for treating arrhythmias, and implantation of pacemakers and other devices.

Some Of The Trends Driving The Adoption Of Robotic Catheterization Systems In Japan Include:

Aging population: Japan has one of the world's largest aging populations, which is driving the demand for minimally invasive procedures. Robotic catheterization systems can help reduce the risk of complications during procedures, which is particularly important for older patients.

Technological advancements: Japan is known for its advanced technology industry, and the development of advanced imaging and navigation technology has helped drive the growth of the robotic catheterization systems market. These technologies provide more accurate and detailed images, which can help doctors perform procedures with greater precision and safety.

Increasing demand for remote procedures: The COVID-19 pandemic has led to an increased demand for remote procedures, and robotic catheterization systems can allow doctors to perform procedures remotely, reducing the need for close contact with patients and potentially reducing the risk of infection.

Regulatory support: The Japanese government has been supportive of the adoption of robotic technology in healthcare, and has provided regulatory support to encourage the use of these systems in hospitals.

Overall, the use of robotic catheterization systems is expected to continue to grow in Japan, as hospitals look for ways to provide safer, more effective care for patients. The growing demand for minimally invasive procedures and the development of advanced technology are likely to drive the growth of the market in the coming years.

By Type

• Multi-specialty Systems

• Single-specialty Systems


By Technology

• Electromechanical Robotic Catheterization Systems

• Magnetic-Guided Robotic Catheterization Systems


By End user

• Hospitals

• Ambulatory Surgical Centers

• Catheterization Laboratories


Companies

Siemens,

Intuitive Surgical, Inc.

Abbott Laboratories

Boston Scientific Corporation

Corindus Vascular Robotics Inc.

Catheter Precision Inc.

Magnetecs Corporation

Stereotaxis Inc.

Johnson & Johnson

Others


By Region

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   Germany

o   France

o   UK

o   Italy

o   Spain

o   Russia

o   Rest of Europe

·         Asia Pacific

o   China

o   Japan

o   India

o   Australia

o   South Korea

o   ASEAN

o   Rest of APAC

·         South America

o   Brazil

o   Argentina

o   Chile

o   Rest of South America

·         Middle East and Africa

o   Saudi Arabia

o   UAE

o   South  Africa

o   Rest of MEA




Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size and growth projections?

The global robotic catheterization system market is presently valued at USD 42.9 million and is expected to amass a valuation of USD 112.5 million by 2033, registering a CAGR of 14.8% over 2023-2033.

What are the drivers shaping various markets?

With increasing technological advancements in the medical sector, there has been a shifting inclination of patients and physicians towards minimally invasive surgical procedures. This is due to the fact that these surgical procedures involve smaller incisions on the patient’s body and hence are safer than conventional open surgeries. This in turn is bolstering the industry expansion.

Who are the key competitors of market Players?

Some of the major players operating within the market are Siemens, Intuitive Surgical, Inc., Abbott Laboratories, Boston Scientific Corporation, Corindus Vascular Robotics Inc., Catheter Precision Inc., Magnetecs Corporation, Stereotaxis Inc., Johnson & Johnson, and Others.

What are the top performing segments, and countries / regions of each of the markets?

The major regions constituting the geographical terrain of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America.

CHOOSE LICENSE TYPE
QLOUD
Pricing

Select a license type that suits your business needs

Single User Access

US $4250

Only Four Thousand Two Hundred Fifty US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $5250

Only Five Thousand Two Hundred Fifty US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $6250

Only Six Thousand Two Hundred Fifty US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI