1. Market Research
  2. > Healthcare
  3. > Medical Device
  4. > Surgical Equipment Market Trends

World Surgical Robotics Market - Opportunities and Forecast, 2014 - 2020

  • January 2016
  • 100 pages
  • Allied Market Research
Report ID: 3621450

Summary

Table of Contents

Surgical robotic systems are a combination of equipment, accessories, software, and services that help to perform several minimally invasive surgeries including gynecological, cardiac, neurological, orthopedic, and others.

Report Contents
Surgical robotic systems are a combination of equipment, accessories, software, and services that help to perform several minimally invasive surgeries including gynecological, cardiac, neurological, orthopedic, and others. Robotic systems allow surgeons to automate the surgical procedure, thereby improving efficacy and precision during the procedure, and minimizing post-surgical complications. In addition, they provide effective representations of body parts and increase dexterity, which aid surgeons to work on inaccessible body parts. Further, they reduce the risk of blood loss and infection; and offer shorter recovery time and less amount of scars in comparison to the traditional open surgery.

The world surgical robotic systems market was evaluated at $3.3 billion in 2014, and is estimated to garner $6.4 billion by 2020, registering a CAGR of 10.2% over the forecast period. The increasing need for automation in the healthcare sector and growing demand for minimally invasive surgeries are the major factors driving the surgical robotic systems and procedures market. In addition, a rise in incidences of colorectal cancer, neurological disorders, gynaecological diseases among others, would boost the adoption of robotic surgical systems. Surgical robotic systems offer less post-surgical complications and reduce labor cost. Due to this, large-scale hospitals based in developed and developing economies are now favoring automate surgical/hospital services, which ultimately drives the market growth. On the other hand, high cost associated with surgical robots procedures and accidental death/injuries due to broken instruments and system errors are likely to hinder the market growth. According to a study conducted at the University of Illinois, around 144 deaths and more than 1,000 injuries have been linked to robotic surgery in the United States, in the past decade.

The report segments the market across two distinct categories i.e. surgical robotic systems and procedures. The surgical robotic systems market is segmented on the basis of system components, surgical application, and geography. Based on system components, the market is segmented into systems, accessories, and system related services. Among them, accessories held a dominant share in 2014, owing to the frequent re-purchase of surgical accessories. According to surgical application, the market is further segmented into gynecology surgery, urology surgery, orthopedic surgery, neurology surgery, general surgery, and other surgeries. The surgical robotic procedures market is further segmented across similar types of surgeries. The geographical breakdown and detailed analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Intuitive Surgical Inc., is the pioneer of the robotic surgery and currently holds a dominant share in the world surgical robotic systems market. In 1999, Intuitive Surgical launched its first surgical robotic system named Da Vinci Surgical System. Other companies including Think Surgical, Inc., Blue Belt Technologies (acquired by Stryker), Mako Surgical Inc., (acquired by Smith and Nephew) and Renishaw plc., manufactures and supplies surgical robots for orthopedic surgery and neurosurgery. Comprehensive competitive analysis and profiles of major market players such as Intuitive Surgical Inc., Blue Belt Technologies Ltd., Think Surgical Inc., Hansen Medical, Inc., MAKO Surgical Corp., Renishaw plc., Stanmore Implants Worldwide, Ltd., Mazor Robotics Ltd., among others are profiled in the report.

KEY BENEFITS FOR STAKEHOLDERS:



This report provides an extensive analysis of the current and emerging market trends and dynamics in the world surgical robotic systems and procedures market.

Geographically, the world surgical robotic systems and procedures market is analyzed based on various regions such as North America, Europe, Asia-Pacific and LAMEA.

This study evaluating competitive landscape and value chain has been taken into account to help in understanding the competitive environment across the geographies.

This report entails the detailed quantitative analysis of the current market and estimations from 2015 to 2020, which assists in identifying the prevailing market opportunities.

Exhaustive analysis of the world surgical robotic systems and procedures market by type helps in understanding the types of surgeries along with the variants of surgical robotic systems that will gain prominence in the future.


SURGICAL ROBOTICS MARKET KEY SEGMENTS:

By Component



Systems

Accessories

Services


By Surgery Type



Gynecology surgery

Urology surgery

Neurosurgery

Orthopedic surgery

General surgery

Other surgeries


By Geography



North America




United States


Canada


Mexico





Europe




Germany


France


United Kingdom


Others





Asia-Pacific




India


China


Japan


Australia


Others





LAMEA




Latin America


Middle East


Africa




Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Medical Robotics and Computer-assisted Surgery: The Global Market

  • $ 5501
  • Industry report
  • May 2017
  • by BCC Research

• The global surgical robotics and computer-assisted surgery market reached nearly $3.5 billion in 2015. This market is expected to increase from $4.0 billion in 2016 to $6.8 billion in 2021 at a compound ...

Emerging Robotic Exoskeleton Technologies

  • $ 4950
  • Industry report
  • April 2017
  • by Frost & Sullivan

Advances in Lightweight, Soft Exoskeletons can Drive Increased Growth Opportunities in Military and Healthcare Sectors Robotic Exoskeleton has been experiencing significant technology enhancements in ...

Robotic Assisted Surgical Devices (RASD) Market - Global Industry Analysis, Size, Share, Trends and Forecast, 2015 – 2023

  • $ 4795
  • Industry report
  • April 2017
  • by Infinium

The global market for surgical robotics was valued at around USD 5.7 billion in 2016 and is expected to reach USD 24.4 million by 2023, growing at a CAGR of around 23.6% during the forecast period of 2017 ...


Download Unlimited Documents from Trusted Public Sources

The future of the Medical Robot Industry

  • June 2017
    3 pages
  • Medical Robot  

    Laboratory  

    Robotics  

View report >

Hospital Market Forecast

  • May 2017
    2 pages
  • Hospital  

View report >

Hospital Market Forecast

  • January 2017
    2 pages
  • Hospital  

View report >

Urology Forecast In Asia

10 months ago

Related Market Segments :

Medical Robot
Hospital

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.