Robotic Surgery Market Size, Share - Industry Trend and Forecast 2017 - 2025

" Robotic Surgery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" is the latest addition to MarketResearchReports.Biz industry research reports collection.

The objectives of this study are as follows:

To define, describe, and forecast the "Robotic Surgery " market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Robotic surgery, also known as robot assisted surgery, is an emerging advanced medical technology which helps specialist surgeons perform many types of complex procedures with more accuracy, control, and flexibility as compared to the conventional procedures. Robotic surgeries are associated with minimally invasive surgical procedures. Surgical robots have overcome the limitations of the current laparoscopic procedures and enhanced the benefits of minimally invasive surgeries.

ROBODOC by Integrated Surgical Supplies Ltd. was the first surgical robot approved by the FDA in August 2008. It was first used to place the femur, with better precision, in hip replacement surgeries, now it has been used in more than 28000 joint replacement procedures. Similarly several other robotic systems such as AESOP system (a voice-controlled robotic endoscope), Da Vinci, and Zeus have been approved by the FDA. Robotic surgery using the Da Vinci Surgical System was approved by the U.S. FDA in 2000 and has been adopted in the U.S. and Europe hospitals for treating various conditions. Mechanical arm and camera arm with surgical instruments are extensively used for clinical robotic surgery providing the surgical team with a 3-D view of the surgical site. The robotic surgery market is rapidly expanding. New projects have been launched on corporate and academic levels for the development of miniaturized, lightweight prototypes of surgical robots.

Facilitation of improved ergonomics and magnified view with dexterity by robotic platforms facilitate the uptake of minimally invasive procedures. This is expected to drive the market during the forecast period. Image guidance complementing the robotically assisted procedures, through the concepts of augmented reality, is anticipated to be a major revolution in the dealing of difficulties associated with new minimally invasive procedures. It is predicted that availability of evaluated, approved, and established robotic surgery clinical data, less complications associated with low surgical site infection, minimal blood loss, less pain, faster recovery, and minimal scarring are projected to further propel the market. However, lack of fully established and trained surgical team and equipment make robotic surgeries an expensive procedure as compared to the conventional approach. This is likely to hinder the market. Additionally, the current robotic system is not very versatile and is often bulky, which can discourage the adoption of these procedures.

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In terms of components, the robotic surgery system market is segmented into surgical systems, robotic surgery services, and instruments & accessories. Robotic surgery services segment is expected to expand at a rapid pace. High maintenance cost and annual service contract which comes with the product at the time of sale are expected to boost the segment. The instruments & accessories segment is expected to hold a major market share due to the rise in adoption of robots assisted surgeries. Based on application or area of surgery, the market is segmented into laparoscopy, gynecology, urology, orthopedic, pediatric surgery, general surgery, and others. Robotic surgical system is anticipated to offer immense alternatives in urology, thoracic, colorectal, gynecological, general and pediatric surgeries. Urology accounted for a major share of this market due to the rise in prostatectomy procedures. Basis on end-user, the robotic surgery market is segmented into hospitals and ambulatory surgical centers. Hospital segment accounted for a major share due to the availability of the trained professional surgical team for performing these surgeries along with advanced infrastructure.

In terms of geography, the robotic surgery market is segmented into North America, Europe, Asia pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the increase in acceptance of these robotics by patients, advanced health care infrastructure, and strategic collaboration with insurance companies. Asia Pacific is expected to be the next biggest market after North America due to rapid development of robotic surgical systems and increase in demand of surgical robots in countries such as China and India. The global market is dominated by established companies and increasing competition in factors such as pricing, distribution partnership, product and technology upgrade.

Key players operating in the robotic surgery market include Intuitive Surgical Inc., MAKO Surgical Corp., Medtronic Inc., Accuray Incorporated, Hansen Medical Inc., Blue Belt Technologies, Mazor Robotics Ltd., SRI International, Curexo Technology Corporation, and Think Surgical Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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