Minimally Invasive Prostate Cancer Surgery Market Synopsis:
Minimally Invasive Prostate Cancer Surgery Market Size Was Valued at USD 10.3 Billion in 2023, and is Projected to Reach USD 22.93 Billion by 2032, Growing at a CAGR of 9.30% From 2024-2032.
The Minimally Invasive Prostate Cancer Surgery market refers to a broad class of surgeries that entails the removal of prostate cancer in the least invasive manner possible so as to cause as minimal effects as possible on the immediate vicinity of the surgery area or the whole body. Some of these surgeries are radical prostatectomy using robots, cryosurgery, and laparoscopic radical prostatectomy, which uses technology to ensure that the affected tissues in the prostate are removed with much precision. Specifically, the market is oriented on the offering of less invasive approaches to traditional open surgery, better results and minimized patients’ discomfort.
The nation's Minimally Invasive Prostate Cancer Surgery Market is relatively growing due to developing technology, improving awareness of the early signs of prostate cancer, and patient tendency towards minimally invasive procedures. Cancer of the prostate still ranks as one of the most prevalent cancers and is a significant problem among men in the geriatric age range. Laparoscopic surgeries are increasing in use since they are advantageous over surgical approaches since, they involve small incisions therefore short hospital stay, minimal post-operative pain, and comparatively few complications.
One of the other reasons for this market expansion is an emerging demand in surgical robots and cryosurgery systems for the effective therapy of Pica. These devices enable very delicate tumor excision or freezing operations, major hazards to healthy tissue, or organs being eliminated. Furthermore, favourable reimbursements policies and governments encouragement towards cancer research and cure in the developed countries are boosting the global markets demand. The continuous developments in healthcare facilities in the developing countries are also expected to increase the implementation of minimally invasive prostate cancer surgeries thereby increasing the growth of the market in the forecast period.
Minimally Invasive Prostate Cancer Surgery Market Trend Analysis:
Surge in Robotic-Assisted Surgeries for Prostate Cancer
- Growing demand for Robotic-assisted surgeries is one of the trends defining the Minimally Invasive Prostate Cancer Surgery Market. Robotic systems of the prostate cancer are becoming a new standard or a new modality of treatment, giving surgeons better vision, manipulability, and accuracy as compared to traditional methods. These systems are intended to perform intricate operations through small ports as a way of minimizing complication rates and recovery periods. Since more and more clinics and hospitals are aware of the clinical advantages of robotic-assisted surgeries then this segment would grow at a very fast pace. Larger hospitals have been incorporating robotic surgery, especially within North American and European market where patients continue to clamour for minimally invasive procedures, and where the healthcare industry is more willing to embrace capital-intensive technologies.
Growing Demand in Emerging Markets
- The Minimally Invasive Prostate Cancer Surgery Market is well positioned for growth in emerging markets. It is projected that the occurrence rate of prostate cancer shall increase in the various regions such as Asia-Pacific and Latin America due to increased knowledge on prostate as well as early cancer detection. By developing their healthcare systems and increasing patients’ access to oncological care, these regions require modern techniques of least invasive surgery. The government has embarked on various policies on improving the rate of access of health care and treatment for cancer is also adding to the call for these surgeries. Also, as the cost of robotic-assisted systems and cryosurgery technologies fall, these procedures are likely to become even more popular in the emerging markets where the number of hospitals and other healthcare establishments is growing rapidly – in other words, the growth opportunities are vast.
Minimally Invasive Prostate Cancer Surgery Market Segment Analysis:
Minimally Invasive Prostate Cancer Surgery Market is Segmented on the basis of Product Type, Application, End User, and Region.
By Product Type, Powdered segment is expected to dominate the market during the forecast period
- The powdered segment in the minimally invasive prostate cancer surgery market can be leading in the market soon during the forecast time. This segment encompasses those technologies and treatments that employ powdered agents or materials in minimally invasive procedures. Even powdered solutions play an active role in the treatment of prostate cancer since they help decrease the possibility of the development of infections, contribute to the faster recovery, and improve overall results of surgery. These powdered materials prove to be a advantage, most especially to those patients who undergo minimally invasive surgeries as this lead to decrease inflammation as well as causes low rates of complications. The powdered segment is likely to develop further as better and bio-compatible forms of(png) are unveiled thus improving patient’s health and conforming with the general trend towards personalized medicine in managing cancers.
By Application, Cryosurgery segment expected to held the largest share
- Thus, major demand is anticipated to be from the cryosurgery segment due the methodical ability of taking out carcinogenic prostate tissue without invasive surgery. Cryosurgery includes the use of a sequence of freezing prostate carcinomas that leads to cell death and impermeable impact on normal prostate tissue. This technique has grown popularity as a choice of treatment for patients with localized prostate cancer particularly those who are not suitable for more extensive surgery. Cryosurgery is more effective than surgical method, has short recovery period and fewer complications and thus favored by many patient and medical personnel. The segment is backed by the technological change in the cryosurgery equipments making the procedure highly precise and safer thereby strengthening its leading Subsegments status in the market.
Minimally Invasive Prostate Cancer Surgery Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- North America is anticipated to remain the largest regional market for Minimally Invasive Prostate Cancer Surgery through the forecast period because of increased incidence of prostate cancer, better infrastructure, and need for new-age surgical techniques. The United States particularly has a high incidence rate of prostate cancer, allied with high and growing expenditure in health care and established advocacy of early reacting cancer detection has created high demand for minimally invasive surgery. Major healthcare facilities in America are putting their resources in purchasing robotic systems and cryosurgery equipment for their patients for early recovery and better results. Further, insurance and reimbursement for minimally invasive surgeries has steered the interest of the patients towards these surgeries making the overall North American market more buoyant.
- Canada too is a significant contributor to the region’s superior market share, given the rising absolute healthcare spending and the emphasis on transitioning to improved cancer care. High-quality health care infrastructures and governments increasing awareness about cancer and willingness to fund cancer knowledge can explain how Canada remains au courant with the developments in MIS. Therefore, the geriatric population will need more surgeries for prostate cancer, which translates to solidifying North America as the premier market for minimally invasive solutions for prostate cancer surgery. All in all, the high degree of proliferation of technology supported by consistent enhancements in healthcare structures in the region signifies North America's continued prominence in this market over the forecast period.
Active Key Players in the Minimally Invasive Prostate Cancer Surgery Market:
- Accuray Incorporated (USA)
- AngioDynamics Inc. (USA)
- Bard Medical Division (USA)
- Boston Scientific Corporation (USA)
- C. R. Bard, Inc. (USA)
- Conmed Corporation (USA)
- Elekta AB (Sweden)
- HealthTronics, Inc. (USA)
- Intuitive Surgical Inc. (USA)
- Karl Storz GmbH & Co. KG (Germany)
- Medtronic plc (Ireland)
- Olympus Corporation (Japan)
- Siemens Healthineers AG (Germany)
- Varian Medical Systems (USA)
- Zimmer Biomet Holdings, Inc. (USA)
- Other Active Players
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Global Minimally Invasive Prostate Cancer Surgery Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 10.3 Billion |
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Forecast Period 2024-32 CAGR: |
9.30 % |
Market Size in 2032: |
USD 22.93 Billion |
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Segments Covered: |
By Product Type |
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By Application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Minimally Invasive Prostate Cancer Surgery Market by Product Type
4.1 Minimally Invasive Prostate Cancer Surgery Market Snapshot and Growth Engine
4.2 Minimally Invasive Prostate Cancer Surgery Market Overview
4.3 Hand Resectoscope Linear Cutter Insufflators Curved Stapler Endoscopic Trocars Prostatic Retractor Cryoablation Device Others Monitoring & Visualization Cameras & Video Support Endoscopic Trocars with Optical View Powered Electrosurgical Unit Lasers
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Hand Resectoscope Linear Cutter Insufflators Curved Stapler Endoscopic Trocars Prostatic Retractor Cryoablation Device Others Monitoring & Visualization Cameras & Video Support Endoscopic Trocars with Optical View Powered Electrosurgical Unit Lasers: Geographic Segmentation Analysis
Chapter 5: Minimally Invasive Prostate Cancer Surgery Market by Application
5.1 Minimally Invasive Prostate Cancer Surgery Market Snapshot and Growth Engine
5.2 Minimally Invasive Prostate Cancer Surgery Market Overview
5.3 Laparoscopy
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Laparoscopy: Geographic Segmentation Analysis
5.4 Robotics
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Robotics: Geographic Segmentation Analysis
5.5 Brachytherapy
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Brachytherapy: Geographic Segmentation Analysis
5.6 Cryosurgery
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Cryosurgery: Geographic Segmentation Analysis
Chapter 6: Minimally Invasive Prostate Cancer Surgery Market by End User
6.1 Minimally Invasive Prostate Cancer Surgery Market Snapshot and Growth Engine
6.2 Minimally Invasive Prostate Cancer Surgery Market Overview
6.3 Hospitals
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Hospitals: Geographic Segmentation Analysis
6.4 Speciality Clinics
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Speciality Clinics: Geographic Segmentation Analysis
6.5 Ambulatory Surgical Centers
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Ambulatory Surgical Centers: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Minimally Invasive Prostate Cancer Surgery Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 ACCURAY INCORPORATED (USA)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 ANGIODYNAMICS INC. (USA)
7.4 BARD MEDICAL DIVISION (USA)
7.5 BOSTON SCIENTIFIC CORPORATION (USA)
7.6 C. R. BARD INC. (USA)
7.7 CONMED CORPORATION (USA)
7.8 ELEKTA AB (SWEDEN)
7.9 HEALTHTRONICS INC. (USA)
7.10 INTUITIVE SURGICAL INC. (USA)
7.11 KARL STORZ GMBH & CO. KG (GERMANY)
7.12 MEDTRONIC PLC (IRELAND)
7.13 OLYMPUS CORPORATION (JAPAN)
7.14 SIEMENS HEALTHINEERS AG (GERMANY)
7.15 VARIAN MEDICAL SYSTEMS (USA)
7.16 ZIMMER BIOMET HOLDINGS INC. (USA)
7.17 OTHER ACTIVE PLAYERS
Chapter 8: Global Minimally Invasive Prostate Cancer Surgery Market By Region
8.1 Overview
8.2. North America Minimally Invasive Prostate Cancer Surgery Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Product Type
8.2.4.1 Hand Resectoscope Linear Cutter Insufflators Curved Stapler Endoscopic Trocars Prostatic Retractor Cryoablation Device Others Monitoring & Visualization Cameras & Video Support Endoscopic Trocars with Optical View Powered Electrosurgical Unit Lasers
8.2.5 Historic and Forecasted Market Size By Application
8.2.5.1 Laparoscopy
8.2.5.2 Robotics
8.2.5.3 Brachytherapy
8.2.5.4 Cryosurgery
8.2.6 Historic and Forecasted Market Size By End User
8.2.6.1 Hospitals
8.2.6.2 Speciality Clinics
8.2.6.3 Ambulatory Surgical Centers
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Minimally Invasive Prostate Cancer Surgery Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Product Type
8.3.4.1 Hand Resectoscope Linear Cutter Insufflators Curved Stapler Endoscopic Trocars Prostatic Retractor Cryoablation Device Others Monitoring & Visualization Cameras & Video Support Endoscopic Trocars with Optical View Powered Electrosurgical Unit Lasers
8.3.5 Historic and Forecasted Market Size By Application
8.3.5.1 Laparoscopy
8.3.5.2 Robotics
8.3.5.3 Brachytherapy
8.3.5.4 Cryosurgery
8.3.6 Historic and Forecasted Market Size By End User
8.3.6.1 Hospitals
8.3.6.2 Speciality Clinics
8.3.6.3 Ambulatory Surgical Centers
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Minimally Invasive Prostate Cancer Surgery Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Product Type
8.4.4.1 Hand Resectoscope Linear Cutter Insufflators Curved Stapler Endoscopic Trocars Prostatic Retractor Cryoablation Device Others Monitoring & Visualization Cameras & Video Support Endoscopic Trocars with Optical View Powered Electrosurgical Unit Lasers
8.4.5 Historic and Forecasted Market Size By Application
8.4.5.1 Laparoscopy
8.4.5.2 Robotics
8.4.5.3 Brachytherapy
8.4.5.4 Cryosurgery
8.4.6 Historic and Forecasted Market Size By End User
8.4.6.1 Hospitals
8.4.6.2 Speciality Clinics
8.4.6.3 Ambulatory Surgical Centers
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Minimally Invasive Prostate Cancer Surgery Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Product Type
8.5.4.1 Hand Resectoscope Linear Cutter Insufflators Curved Stapler Endoscopic Trocars Prostatic Retractor Cryoablation Device Others Monitoring & Visualization Cameras & Video Support Endoscopic Trocars with Optical View Powered Electrosurgical Unit Lasers
8.5.5 Historic and Forecasted Market Size By Application
8.5.5.1 Laparoscopy
8.5.5.2 Robotics
8.5.5.3 Brachytherapy
8.5.5.4 Cryosurgery
8.5.6 Historic and Forecasted Market Size By End User
8.5.6.1 Hospitals
8.5.6.2 Speciality Clinics
8.5.6.3 Ambulatory Surgical Centers
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Minimally Invasive Prostate Cancer Surgery Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Product Type
8.6.4.1 Hand Resectoscope Linear Cutter Insufflators Curved Stapler Endoscopic Trocars Prostatic Retractor Cryoablation Device Others Monitoring & Visualization Cameras & Video Support Endoscopic Trocars with Optical View Powered Electrosurgical Unit Lasers
8.6.5 Historic and Forecasted Market Size By Application
8.6.5.1 Laparoscopy
8.6.5.2 Robotics
8.6.5.3 Brachytherapy
8.6.5.4 Cryosurgery
8.6.6 Historic and Forecasted Market Size By End User
8.6.6.1 Hospitals
8.6.6.2 Speciality Clinics
8.6.6.3 Ambulatory Surgical Centers
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Minimally Invasive Prostate Cancer Surgery Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Product Type
8.7.4.1 Hand Resectoscope Linear Cutter Insufflators Curved Stapler Endoscopic Trocars Prostatic Retractor Cryoablation Device Others Monitoring & Visualization Cameras & Video Support Endoscopic Trocars with Optical View Powered Electrosurgical Unit Lasers
8.7.5 Historic and Forecasted Market Size By Application
8.7.5.1 Laparoscopy
8.7.5.2 Robotics
8.7.5.3 Brachytherapy
8.7.5.4 Cryosurgery
8.7.6 Historic and Forecasted Market Size By End User
8.7.6.1 Hospitals
8.7.6.2 Speciality Clinics
8.7.6.3 Ambulatory Surgical Centers
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
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Global Minimally Invasive Prostate Cancer Surgery Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 10.3 Billion |
|
Forecast Period 2024-32 CAGR: |
9.30 % |
Market Size in 2032: |
USD 22.93 Billion |
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Segments Covered: |
By Product Type |
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By Application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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