Surgical Robots Industry Growing With Major Key Player Intuitive Surgical, Accuray Inc., MAZOR Robots, Restoration Robots, Inc., Medtech Global, Hansen Medical, Verb Surgical Inc., TransEnterix, Stryker
Global Surgical Robots Market will cross USD 16,793.2 million by 2025. It was valued at USD 5,986.1 million in 2017. The market is growing at a CAGR of 13.8% in the forecast period 2018 to 2025.
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Major Players: Global Surgical Robots Market
Intuitive Surgical is going to dominate the global surgical robots market followed by Accuray Inc., MAZOR Robots, Restoration Robots, Inc., Medtech Global, Hansen Medical, Verb Surgical Inc., TransEnterix, Stryker, and some of the upcoming players are Auris Surgical Robots, MedRobots Corporation, Virtual Incision Corporation, Think Surgical, Inc., Preceyes B.V., Medtronic, among others.
Segmentation: Global Surgical Robots Market
The market is further segmented into:
• Product Type
On the basis of Product type global surgical robots market is segmented into:
• Robotic Systems
On the basis of brands global surgical robots market is segmented into:
• DA Vinci Surgical System
On the basis of application global surgical robots market is segmented into:
• General Surgery
• Radical Prostatectomy
• Cardiothoracic Surgery
• Colorectal Surgery
Based on geography, the market is segmented into 5 geographical regions:
• North America
• South America
• Middle East and Africa
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Drivers: Global Surgical Robots Market
The rising aging population, rising cases of acute and chronic diseases and better benefits to patients and surgeons are the key driving factors in the global surgical robots market.
RISING AGEING POPULATION
With increasing age, the patient pool for chronic disease is rising. Older populations are more prone to diseases such as diabetes, allergies, arthritis, cardiovascular diseases, infections, gastrointestinal and other problems. For instance, according to U.S. census the number of people age 65 and older in the United States on July 1, 2015 were 47.8 million as well as according to Administration for Community Living (U.S. Department of Health and Human Services), the elderly population- with age 65 years or older were around 46.2 million in 2014, they represented 14.5% of the U.S. population and it is expected that this will grow to 98 million by 2060, more than twice their number in 2014.
With the increasing ageing there are several health issues that affects the senior citizens like osteoarthritis, osteoporosis, cardiovascular diseases, Alzheimer’s disease, diabetesamong others which leads to a surge in the demand for surgeries. As there are limited number of doctors whereas the demand for surgery is more, in such a situation surgical robots are very helpful, they help to reduce the time span of each surgery and makes sure that everyone gets treated. Hence, ageing population is expected to drive the market for the surgical robots
RISING CASE OF ACUTE AND CHRONIC DISEASES
The prevalence of diseases and conditions such as cardiovascular diseases, diabetes, Alzheimer’s disease, Parkinson’s disease, cancer and many others over the period of time.
Mention below is some of the statistics related to the chronic disease
According to Chronic Disease Prevention and Health Promotion as of 2012, about half of all adults—117 million people—had one or more chronic health conditions. One in four adults had two or more chronic health conditions
According to European commission, in 2012, chronic diseases in Europe accounted for 86% of all deaths.
According to Centers for Disease Control And Prevention (CDC) also states that in America, each year 7 of 10 deaths are caused due to chronic diseases.
According to the Australian Institute of Health and Welfare, in 2011, chronic diseases were the leading cause of illness, disability and death in Australia and it accounted for 90% of all deaths
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