Press release
Microsurgery Robot Market Key Information By Top Key Player Stryker, Smith & Nephew, Titan medical, Medtronic, Auris Health, Intuitive Surgical, Mazor Robotics, Medrobotics, Transenterix, Zimmer Biomet
Microsurgery Robot Market, Global Microsurgery Robot Market Size, Microsurgery Robot Industry, Microsurgery Robot Market Trends
U.S. microsurgery robot market accounted for USD 355.1 million in 2017, owing to increasing incidence of cardiovascular, neurovascular, oncology and other chronic diseases. Increasing prevalence of chronic disease will favor industry growth in the region. Favorable healthcare and reimbursement policies coupled with adoption of technologically advanced microsurgery robots will promote revenue generation in the future.
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Oncology segment will show fastest growth rate of 15.7% during the projected timeframe, owing to high prevalence of cancer. According to World Health Organization (WHO), by 2020, approximately 16 million new cancer cases will be diagnosed annually. Use of microsurgical robot for management of cancer offers enhanced view and requires smaller incisions. This increases its adoption rate among surgeons. Wide application of robotic-assisted microsurgery in cancer is major factor for its segmental growth in the future. Microsurgery Robot Market will exceed USD 1.7 billion by 2024; as per a new research report.
Increasing demand for microsurgery robots will lead to business growth during the projected timeframe. High demand is attributable to technological advances in microsurgery robots. Better patient management due to automation and employment of cutting-edge microsurgical robots will propel microsurgery robot market growth. For instance, computer aided design and manufacturing (CAM/CAD) system generate precise patient representation and images that guide surgeon during the procedure and improve patient outcome. This will positively impact demand for microsurgery robots, thereby driving industry growth during the forecast period.
Germany microsurgery robot market will witness momentous growth rate of 15.3% during the projected timeframe. High growth rate is credited to initiatives taken by the European Union for promoting usage of advanced technologies including robot-assisted microsurgery for healthcare purposes. For instance, European Association of Urology launched Robotic Urology Section. This will lead to high adoption rate of microsurgery robots in urology, thereby favoring business growth throughout the forecast timeline.
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Hospitals and clinics segment accounted for largest market share of USD 346.4 million in 2017. Growth is attributed to increased number of individuals seeking robot-assisted microsurgical procedures in hospitals. Growing patient pool coupled with introduction of cutting-edge microsurgical procedures will render positive impact on business growth during the forecast timeframe.
Prominent industries involved in microsurgery robot market are Auris Health, Intuitive Surgical, Mazor Robotics, Medrobotics, Medtronic, Smith & Nephew, Stryker, Titan medical, Transenterix and Zimmer Biomet. These prominent business players are focusing on strategic mergers, acquisitions and new product launch to strengthen market position. For instance, in April 2016, Auris Health acquired Hansen Medical, a leading company involved in development of intravascular robotics. This acquisition will enable the Auris Health to expand its product portfolio for long-term growth in future, thereby strengthening its market presence.
Table of Content:
Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Microsurgery robot market industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Application trends
2.1.3. End-use trends
2.1.4. Regional trends
Chapter 3. Microsurgery Robot Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Increasing demand for surgical procedures worldwide
3.3.1.2. Technological advancements in developed economies
3.3.1.3. Rising incidences of chronic conditions in Asia Pacific
3.3.1.4. Increasing funding for development of microsurgery robots in developed countries
3.3.2. Industry pitfalls & challenges
3.3.2.1. High cost associated with robotic systems globally
3.3.2.2. Stringent regulatory scenario in developed countries
3.3.2.3. Dearth of skilled healthcare professionals in developing economies
3.4. Growth potential analysis
3.4.1. By application
3.4.2. By end-use
3.5. Regulatory scenario
3.6. Technology landscape
3.6.1. Robotic-assisted Laparo-endoscopic
3.6.2. Computer-integrated surgery (CIS)
3.6.2.1. Surgical CAD/CAM systems
3.6.2.2. Surgical assistants
3.6.3. Novel surgical robotic system
3.7. Competitive landscape, 2017
3.7.1. Strategy dashboard
3.8. PESTEL analysis
Chapter 4. Microsurgery Robot Market, By Application
4.1. Microsurgery robot market share by application, 2017 & 2024
4.2. Ophthalmology surgery
4.2.1. Market size, by region, 2013 - 2024 (USD Million)
4.3. Cardiovascular surgery
4.3.1. Market size, by region, 2013 - 2024 (USD Million)
4.4. Neurovascular surgery
4.4.1. Market size, by region, 2013 - 2024 (USD Million)
4.5. Gastrointestinal surgery
4.5.1. Market size, by region, 2013 - 2024 (USD Million)
4.6. Obstetrics and gynecology surgery
4.6.1. Market size, by region, 2013 - 2024 (USD Million)
4.7. Urology surgery
4.7.1. Market size, by region, 2013 - 2024 (USD Million)
4.8. Oncology surgery
4.8.1. Market size, by region, 2013 - 2024 (USD Million)
4.9. ENT surgery
4.9.1. Market size, by region, 2013 - 2024 (USD Million)
4.10. Reconstructive surgery
4.10.1. Market size, by region, 2013 - 2024 (USD Million)
4.11. Micro anastomosis
4.11.1. Market size, by region, 2013 - 2024 (USD Million)
4.12. Ureterorenoscopy
4.12.1. Market size, by region, 2013 - 2024 (USD Million)
4.13. Others
4.13.1. Market size, by region, 2013 - 2024 (USD Million)
Chapter 5. Microsurgery robot Market, By End-Use
For more information on this report at: https://www.marketstudyreport.com/reports/microsurgery-robot-market/?utm_source=OPR-SP
Related Report:
Global Healthcare Robotics-Surgical Robots Market Growth 2018-2023
The field of surgery is witnessing a period of great change because of phenomenal recent advances in surgical and computer technology. Robotic surgery could revolutionize treatment by providing precise, stable, and dexterous assistance to human surgeons.
In orthopedic surgery, robots are used to shape the femur to precisely fit prosthetic hip-joint replacements. Robots also find use in urological, gynecological, and general surgical procedures.
https://www.marketstudyreport.com/reports/global-healthcare-robotics-surgical-robots-market-growth-2018-2023?utm_source=RR-SP
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