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Medical Robotics and Computer-assisted Surgery: The Global Market

Medical Robotics and Computer-assisted Surgery: The Global Market

  • May 2017
  • 122 pages
  • ID: 687754
  • Format: PDF
  • By BCC Research

Summary

Table of Contents

• 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 annual growth rate (CAGR) of 11.3% for 2016-2021.
• Surgical robots market is expected to grow from $3.1 billion in 2016 to $5.4 billion at a CAGR of 11.4% from 2016 through 2021.
• Surgical simulators and planners market is expected to grow from $88.8 million in 2016 to $154.8 million in 2021 at a CAGR of 11.8% from 2016 through 2021.

Chapter 1: Introduction
The global medical robotics and computer-assisted surgery (MRCAS) market is relatively nascent, and the application of MRCAS in the medical is expected to steadily increase. The market is expected to grow at a compound annual growth rate (CAGR) of 11.3% from 2016 to 2021, primarily due to the growth in laparoscopic surgeries, such as bariatric surgeries, and hysterectomy and myomectomy surgeries; cardiac surgeries; and rising healthcare expenditure.

The medical robotics market is broadly divided into eight types based on the types of robotics used: surgical robots; noninvasive radio surgery robots; rehabilitation robots; disinfection robots; laboratory robots; hospital and pharmacy automation; assistive robots; and telemedicine robots. Along with it, computer-assistive surgery is also segmented into three types: surgical navigation system; intelligent operating room; and surgical simulators and planners.

Surgical robotics and computer-assisted surgery are widely used in for the following applications: orthopedic, neurosurgical, ear-nose-throat (ENT), cardiac, prosthetic, gastrointestinal, urology and other applications.

The global demand for MRCAS is driven by the increasing demand for MRCAS and an increasing geriatric population. An increase in disposable income in the Asia-Pacific region is also expected to drive the market through 2021.

The global market for MRCAS is growing, primarily driven by North America, Asia-Pacific and Europe regions.
This report also highlights the vendor landscape and provides detailed profiles for major companies.

Study Goals and Objectives
The goal of this report is to provide an up-to-date analysis of recent developments and current trends in the global MRCAS market. It will also identify significant revenue growth drivers in specific categories for MRCAS. The objective of this kind of systematic research is to quantify the projected impact of both the internal and external forces affecting the current MRCAS industry, as well as those that will affect the industry for the next several years.

Reasons for Doing This Study
The increasing incidence of lifestyle-based diseases, rising elderly populations and rising demand for automated systems is expected to increase the demand for MRCAS. In addition, rising disposable income in the Asia-Pacific region and favorable reimbursement policy in North America and European region is expected to drive the market.

Scope of Report
The scope of this report is broad and covers different types of MRCAS, and the applications for surgical robots and computer-assisted surgery for different kinds of treatment. The market is broken down by types of medical robotics, types of computer-assisted surgery, applications and regional markets.

Revenue forecasts from 2016 to 2021 are given for each major type of medical robotics, computer- assisted surgery, application and regional market, and the estimated values are derived from the manufacturers’ total revenues.

The report also includes a discussion of the major players across each of the regional MRCAS market; it explains the major market drivers of the global MRCAS industry, current trends within the industry, major applications and the regional dynamics of the global MRCAS market. The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global MRCAS industry.

Intended Audience
This report is intended especially for manufacturers, suppliers, end users and others with vital interests in MRCAS. This report’s business focus will make it useful to sales executives and business managers as an up-to-date guide that includes drivers and trends expected to be significant factors in the current and future markets.

Information Sources
The findings and conclusions of this report are based on information gathered from both primary and secondary research sources. The primary sources of information included industry association data, and interviews conducted with MRCAS companies and distributors. Secondary sources were also consulted for the report, including industry journals and publications, product literature, white papers and technical journals, and financial reports for industry suppliers.

The base year for analysis and projection is 2015, and market projections were developed from 2016 to 2021. These projections are based on a consensus among the primary contacts combined with an understanding of the key market drivers and their impact of historical and analytical perspectives. The analytical methodologies used to generate the market estimates are described in detail in the market analysis. All dollar projections presented in this report are in 2015 constant dollars.

Research Methodology
A descriptive study has been done with a trend analysis for the global market for MRCAS used in the medical and healthcare industries with a quantitative and qualitative approach.
BCC Research collects data through various primary and secondary sources, including interviews with industry vendors, white papers, business journals, public financial proceedings and historical market data from the internet. The market data is assessed and validated considering interrelated market attributes and the impact of global economic variables.

The value of the market is then obtained through a combination of the bottom-up and top-down approaches using exclusive market modeling tools to generate BCC Research’s market data and forecasts.

Geographic Breakdown
In this report, the geographic regions considered for market analysis include, and only include:
- North America
- Europe
- Asia-Pacific
- South America
- Rest of the World (ROW)

Chapter 2: Summary and Highlights
Medical robotics are humanoids or electro-mechanical surgeons operated using computer programs with the help of the human surgeons. It is used to provide greater access to complex areas by precise and minimally invasive methods where the surgeons feel it is difficult to operate manually.

The market for MRCAS is expected to grow, mainly due to an expected growth in demand for laparoscopic and cardiac surgeries. The rising geriatric populations in the Asia-Pacific region, North
America and Europe are also expected to drive the global MRCAS market. The increasing use of MRCAS because of its minimally invasive surgery capability, reduced pain and blood loss and quick patient recovery is expected to drive the market through 2021.

Surgical robotics and computer-assisted surgery find major applications in orthopedic, neurosurgical, ENT, cardiac, prosthetic, gastrointestinal, urology and other applications. The surgical robots accounted for 70.3% and 78.4% of the global medical robotics, and surgical robotics and computer-assisted surgery markets, respectively, in 2016.
BCC Research projects that the global MRCAS market will grow from over $4.0 billion in 2016 to more than $6.8 billion by 2021 at a five-year CAGR of 11.3%.

The global surgical robotics and computer-assisted surgery market is segregated into four major types, among these surgical robots has the highest share of 78.4% with a $3.1 billion market, followed by surgical navigation systems with share of 14.9% with a $596.7 million market in 2016. Intelligent operating rooms and surgical simulators and planners had a combined share of 6.7%.
The surgical robotics market is expected to rise primarily due to increased incidence of osteoarthritis, rising geriatric population and increasing awareness of surgical robotics and computer-assisted surgery among the patient population. New surgical planning software, intra-operative imaging, instrument tracking technologies, web-based and on premise mode of delivery to patients will drive market for surgical navigation systems and intelligent operating rooms.

Surgical simulators and planners, the fastest-growing market, will be driven by expected growth in minimally invasive surgery technologies, growing focus on the safety of patients, virtual reality devices and increased focus on training medical practitioners.

Major players in the global MRCAS market in their respective regions include:
North America
- Aesculap Inc.
- Boulder Innovation Group Inc.
- CAE Healthcare
- Corindus Vascular Robotics Inc.
- Hansen Medical
- IMRIS, Deerfield Imaging
- Intuitive Surgical Inc.
- Kinamed Inc.
- Kinova Robotics
- Kirby Lester
- Medrobotics Corp.
- OMNIlife science, Inc.
- Schaerer Medical USA Inc.
- Simquest
- Stryker Corp.
- Think Surgical Inc.
- Titan Medical Inc.
- Touch Bionics
- Zimmer Biomet Holding Inc.
Europe
- 4navitec GmbH
- Brainlab AG
- Hocoma AG
- Karl Storz GmbH & Co. Kg
- Maxon Motor AG
- Mazor Robotics Ltd.
- Mentice AB
- Siemens AB
- Simbionix Ltd.
- Simsurgery AS
- Smith & Nephew plc
- Sonowand AS
- Surgical Science Sweden Ab
- Swisslog Holding AG
- Virtamed AG
- Voxel-Man
Asia-Pacific
- Biobot Surgical Pte Ltd.
- Hitachi Ltd.
- Honda Motor Co. Ltd.
- MedTech Global Ltd.
- Panasonic Corp.

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