Regional Analysis
Da Vinci Systems Market Regional Insights:
- North America is expected to be the largest market for Da Vinci systems market during the forecast period, accounting for over 59% of the market share in 2022. The growth of the market in North America is attributed to favorable reimbursement policies, greater adoption of advanced technologies, and a high number of robot-assisted surgeries performed in the region. In December 2022, Medtronic plc announced the first patient enrolled in the Expand URO U.S. clinical trial for the Hugo robotic-assisted surgery (RAS) system. The robotic-assisted prostatectomy procedure was performed by Dr. Michael R. Abern at Duke University Hospital in Durham, N.C.
- The Europe market is expected to be the second-largest market for Da Vinci systems market, accounting for over 25.4% of the market share in 2022. The growth of the market is attributed to the rising geriatric population, increasing prevalence of chronic diseases, and continuous product development by major players in the region. According to EU statistics on income and living conditions (EU-SILC), more than one-third (35.2%) of people in the European Union reported having a long-standing (chronic) health problem in 2021.
- The Asia Pacific market is expected to be the fastest-growing market for Da Vinci systems market, with a CAGR of over 13.2% during the forecast period. The growth of the market in Asia Pacific is attributed to improving healthcare infrastructure, rising medical tourism, and increasing awareness about minimally invasive surgeries in the region.
Figure 1. Global Da Vinci Systems Market Share (%), by Region, 2023
Geographies covered: |
- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East
|