Report Overview

Vietnam Gynecology Robotic Surgery Market - Industry Trends & Forecast Report, 2029

Vietnam gynecology robotic surgery market size was estimated at USD 7.21 million in 2022. During the forecast period between 2023 and 2029, the size of Vietnam gynecology robotic surgery market is projected to grow at a CAGR of 12.53% reaching a value of USD 14.64 million by 2029. Major growth drivers for the Vietnam gynecology robotic surgery market include an increasing technological advancement, growing healthcare infrastructure, stringent regulatory policies, and rising availability of trained healthcare professionals. Also, the increasing prevalence of gynecological disorders coupled with growing demand for minimally invasive procedures are expected to further boost the expansion of the global market. Robotic surgery offers numerous benefits in gynecology, such as reduced blood loss, shorter hospital stays, faster recovery, and improved patient outcomes. Hence, such aspects fuel the growth of the Vietnam gynecology robotic surgery market during the forecast period.

Vietnam Gynecology Robotic Surgery Market – Overview

The gynecology robotic surgery market refers to the sector of healthcare that involves the use of robotic systems and technology specifically in gynecological surgical procedures. Robotic surgery in gynecology utilizes advanced robotic-assisted platforms to assist surgeons in performing various gynecological interventions with greater precision, improved visualization, and minimally invasive techniques. These robotic systems typically consist of robotic arms equipped with surgical instruments, a control console operated by the surgeon, and a high-definition 3D visualization system. The gynecology robotic surgery market encompasses the development, manufacturing, and utilization of robotic surgical systems for procedures such as hysterectomy, myomectomy, endometriosis treatment, and other gynecological surgeries. The market is driven by factors such as increasing demand for minimally invasive procedures, advancements in robotic technologies, and improved patient outcomes.

Vietnam Gynecology Robotic Surgery Market

Growth Drivers

Ability to Decrease the Risk of Blood Loss

The ability of gynecology robotic surgery to decrease the risk of blood loss is expected to contribute to the expansion of the size of the Vietnam gynecology robotic surgery market. Robotic-assisted procedures offer precise control and improved visualization, allowing surgeons to perform surgeries with minimal incisions and reduced trauma to surrounding tissues. This minimally invasive approach helps minimize blood loss during gynecological surgeries, leading to better patient outcomes and faster recovery times. The reduced risk of blood loss is particularly advantageous in complex gynecological procedures such as hysterectomy or myomectomy. As the awareness and adoption of robotic surgery in gynecology increase in Vietnam, the benefits of decreased blood loss are likely to drive the growth of the gynecology robotic surgery market in the country.

Restraints

High Maintenance and Installation Costs

The high maintenance cost and installation cost of robotic surgical systems are anticipated to act as restraints for the Vietnam gynecology robotic surgery market. While robotic-assisted surgery offers several benefits, including enhanced precision and minimally invasive techniques, the initial investment and ongoing expenses associated with these systems can be significant. The installation cost involves purchasing the robotic platform and related equipment, which can be expensive for healthcare facilities. Additionally, maintaining and servicing robotic systems require specialized training, regular updates, and maintenance contracts, leading to high operational costs. These cost factors may limit the adoption of robotic surgery in gynecology, particularly for healthcare facilities with budget constraints.

Impact of COVID-19 on Vietnam Gynecology Robotic Surgery Market

COVID-19 pandemic had dual impact on the Vietnam gynecology robotic surgery market. On the one hand, the pandemic led to disruptions in healthcare systems and resources, potentially affecting the adoption and implementation of robotic surgical systems. Hospitals and healthcare facilities faced challenges in managing resources, prioritizing COVID-19 cases, and ensuring the safety of healthcare professionals. On the other hand, the pandemic also highlighted the importance of advanced technologies, such as robotic surgery, in minimizing physical contact and reducing the risk of infection transmission. The need for maintaining social distancing and reducing the number of patients in hospitals increased the demand for minimally invasive procedures, where robotic surgery has a significant advantage.

Vietnam Gynecology Robotic Surgery Market

Segmental Coverage

Vietnam Gynecology Robotic Surgery Market – By Product

By product, the Vietnam gynecology robotic surgery market is divided into Robotic Platform, Instrument and Accessories, and Robotic Platform Product segments. The instrument and accessories segment are likely to hold highest share in the Vietnam gynecology robotic surgery market. Instruments and accessories are essential components required for performing robotic-assisted gynecological surgeries. These include robotic surgical instruments, end effectors, cannulas, trocars, sutures, and other disposable and reusable tools specific to gynecology procedures. As the adoption of robotic surgery increases in Vietnam, there will be a corresponding demand for a wide range of instruments and accessories to support these procedures. Surgeons and healthcare facilities require a steady supply of high-quality instruments and accessories to ensure safe and effective surgeries. The availability of a comprehensive range of instruments and accessories specific to gynecology enables surgeons to perform various procedures with precision and efficiency. Also, as the market advances, technological advancements and innovations in instruments and accessories may further drive the segment's growth. The development of specialized tools designed for specific gynecological procedures can enhance surgical outcomes and improve patient safety.

Vietnam Gynecology Robotic Surgery Market – By Application

Based on application, the Vietnam gynecology robotic surgery market is categorized into Hysterectomy, Sacro colpopexy and myomectomy, and Gynecologic malignancy segments.

Vietnam Gynecology Robotic Surgery Market – By End User

By end user, the Vietnam gynecology robotic surgery market is divided into Healthcare Providers, Healthcare Payers, and Pharmacies segments. The healthcare provider segment is likely to hold a high share in the Vietnam gynecology robotic surgery market due to several reasons. Healthcare providers, such as hospitals and clinics, play a crucial role in performing gynecological robotic surgeries and providing healthcare services to patients. These providers have the necessary infrastructure, facilities, and skilled healthcare professionals to conduct robotic-assisted gynecological procedures. Healthcare providers are at the forefront of adopting and implementing robotic surgical systems for gynecology. They invest in acquiring robotic platforms, training their surgical teams, and establishing dedicated robotic surgery departments or centers. This commitment to incorporating robotic technology enables healthcare providers to offer advanced and minimally invasive surgical options to patients, resulting in improved patient outcomes and satisfaction. Also, healthcare providers often have direct access to patients and are responsible for diagnosing gynecological conditions, recommending appropriate treatment options, and performing surgical interventions. With the increasing awareness and demand for robotic-assisted surgeries in gynecology, patients are likely to seek healthcare providers that offer these advanced surgical options.

Competitive Landscape

Major players operating in the Vietnam gynecology robotic surgery market include Titan Medical Inc., Prima Medical, ATMOS MedizinTechnik GmbH & Co. KG, Ethicon US, LLC., Johnson & Johnson Services, Inc., Parkell, Inc., Smith + Nephew, Kirwan Surgical Products, LLC., Utah Medical Products, Inc., and KLS Martin Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Product

• Robotic platform

• Instrument and accessories

• Robotic platform Product

By Application

• Hysterectomy

• Sacro colpopexy and myomectomy

• Gynecologic malignancy

By End User

• Healthcare Providers

• Healthcare Payers

• Pharmacies

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Vietnam Gynecology Robotic Surgery Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Ability to Decrease the Risk of Blood Loss
         2. Using Gynecology Robotic Surgery Decreases the Chances of Post- Surgical Complications
      2. Restraints
         1. High Maintenance Cost and Installation Cost of These Systems
      3.  Opportunities
         1. Increasing Cases of Gynecological Diseases in Geriatric Population
      4. Challenges
         1. Availability of Substitute Treatment
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Vietnam Gynecology Robotic Surgery Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
         1. Robotic platform
         2. Instrument and accessories
         3. Robotic platform Product
      2. By Application
         1. Hysterectomy
         2. Sacro colpopexy and myomectomy
         3. Gynecologic malignancy
      3. By End User
         1. Healthcare Providers
         2. Healthcare Payers
         3. Pharmacies
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Vietnam Gynecology Robotic Surgery Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Vietnam Gynecology Robotic Surgery Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Titan Medical Inc.
   2. Prima Medical
   3. ATMOS MedizinTechnik GmbH & Co. KG
   4. Ethicon US, LLC.
   5. Johnson & Johnson Services, Inc.
   6. Parkell, Inc.
   7. Smith + Nephew
   8. Kirwan Surgical Products, LLC.
   9. Utah Medical Products, Inc.
   10. KLS Martin Group
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1.       Qualitative Research
      1.   Primary & Secondary Research
   2.       Quantitative Research
   3.       Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
   4.       Breakdown of Primary Research Respondents, By Region
   5.       Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Vietnam Gynecology Robotic Surgery Segmentation         

Figure 2       Vietnam Gynecology Robotic Surgery Market Value Chain Analysis                

Figure 3       Company Market Share Analysis, 2022         

Figure 4       Vietnam Gynecology Robotic Surgery Market Size, By Value (USD Million), 2019–2029          

Figure 5       Vietnam Gynecology Robotic Surgery Market Share, By Product, By Value, 2019–2029           

Figure 6       Vietnam Gynecology Robotic Surgery Market Share, By Application, By Value, 2019–2029           

Figure 7       Vietnam Gynecology Robotic Surgery Market Share, By End User, By Value, 2019–2029           

List of Tables

Table 1        Vietnam Gynecology Robotic Surgery Market Size, By Value (USD Million), 2019–2029

Table 2        Vietnam Gynecology Robotic Surgery Market Size, By Product, By Value, 2019–2029

Table 3        Vietnam Gynecology Robotic Surgery Market Size, By Application, By Value, 2019–2029

Table 4        Vietnam Gynecology Robotic Surgery Market Size, By End User, By Value, 2019–2029

Table 5        Titan Medical Inc. Company Overview

Table 6        Titan Medical Inc. Financial Overview

Table 7        Prima Medical Company Overview

Table 8        Prima Medical Financial Overview

Table 9        ATMOS MedizinTechnik GmbH & Co. KG Company Overview

Table 10      ATMOS MedizinTechnik GmbH & Co. KG Financial Overview

Table 11      Ethicon US, LLC. Company Overview

Table 12      Ethicon US, LLC. Financial Overview

Table 13      Johnson & Johnson Services, Inc. Company Overview

Table 14      Johnson & Johnson Services, Inc. Financial Overview

Table 15      Parkell, Inc. Company Overview

Table 16      Parkell, Inc. Financial Overview

Table 17      Smith + Nephew Company Overview

Table 18      Smith + Nephew Financial Overview

Table 19      Kirwan Surgical Products, LLC. Company Overview

Table 20      Kirwan Surgical Products, LLC. Financial Overview

Table 21      Utah Medical Products, Inc. Company Overview

Table 22      Utah Medical Products, Inc. Financial Overview

Table 23      KLS Martin Group Company Overview

Table 24      KLS Martin Group Financial Overview