Press release
Surgical Robots Market Size Developing Rapidly with Companies Like - MedTech, Mazor Robotics, Hansen Medical, Smith & Nephew
Prominent industry players operational in the Surgical Robots include MedTech, Mazor Robotics, Hansen Medical, Smith & Nephew, THINK Surgical, Medrobotics, Renishaw, Stryker and Intuitive Surgical. Strategies adopted by these players are partnership, collaboration and agreement that boosts company?s revenue generation. For instance, In February 2019, Mazor introduced Mazor X robotic surgery system that is integrated with advanced technology providing long-term competitive advantage to the firm in the industry.
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Surgical Robots Market will exceed USD 24 billion by 2025; as per a new research report.
Rising patient preference towards minimally invasive surgeries in developed as well as developing economies will propel surgical robots market growth in forthcoming years. Doctors have high preference for surgical robots as they are able to provide minimally invasive surgeries that reduce recovery time, discomfort and prolong pain. Moreover, factors such as reduced post-care discomfort, less need for blood transfusions and shorter hospital stay are some of the advantages of surgical robots that will drive the industry growth.
U.S. surgical robots market was valued at USD 2.2 billion in 2018. Considerable revenue size will be due to high adoption of technologically advanced surgical robots. In addition to this, geriatric population susceptible to chronic conditions is increasing rapidly. This scenario will prove beneficial for the industry growth as it will create immense demand for surgical robots to carry out minimally invasive surgical procedures. Furthermore, positive regulatory scenario will support development in the surgical robots thereby, fostering country growth.
Increasing technological advancements will boost the surgical robots market growth. Robot assisted surgeries are known for highest level of accuracy and precision across the globe. Recently developed surgical robots allow enhanced visualization and also reduces the chances of surgical site infections. Surgical robots such as ROSA spine surgery robot has flexibility that allows deep brain stimulation and implantations of electrodes for functional procedures such as cerebral cortex, biopsies. Aforementioned benefits of surgical robots will certainly increase its demand over forecast timeframe. However, prohibitive cost of surgical robots and dearth of skilled professionals in developing nations may hamper industry growth.
Robotic systems segment will grow over 24% from 2019 to 2025. Rising patient preference towards less invasive surgeries will augment robotic systems demand. Robotic assistance allows professionals to carry out tasks with maximum control, flexibility and high precision as compared to conventional techniques. Blood loss during robotic surgeries is very less, hence requirement for blood transfusion can be minimized. These factors will drive the growth of robotic systems segment in upcoming years.
Orthopedic surgery segment held around 13% revenue share in 2018 and it is expected to expand immensely in foreseeable future due to increasing usage of surgical robots in orthopedic surgeries. Recently developed robots are profusely used in orthopedic surgery for complete hip replacement. Surgical robot allows accurate implant positioning that lowers the risk of errors. Also, increasing incidences of bone disorders such as arthritis is expected to drive the segment growth in near future.
Ambulatory surgical centers segment accounted for USD 1.6 billion in 2018. ASCs have several advantages that includes reduced stay and lower operational costs. Also, certain multispecialty ASCs provide minimally invasive surgeries for several chronic conditions that further raises the adoption of surgical robots in ASCs proving beneficial for the segmental growth.
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Report 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. Surgical robots industry 360 degree synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Component trends
2.1.3. Application trends
2.1.4. End-user trends
2.1.5. Regional trends
Chapter 3. Surgical Robots Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Increasing technological advancements in surgical robots in developed countries
3.3.1.2. Rising number of surgeries in North America and Asia Pacific
3.3.1.3. Growing healthcare expenditures emerging countries
3.3.1.4. Favorable regulatory scenario in North America
3.3.2. Industry pitfalls & challenges
3.3.2.1. Excessive cost of surgical robots
3.4. Growth potential analysis
3.4.1. By component
3.4.2. By application
3.4.3. By end-user
3.5. Porter's analysis
3.6. Brand analysis, 2017
3.7. Competitive landscape, 2017
3.7.1. Strategy dashboard
3.8. PESTEL analysis
Chapter 4. Surgical Robots Market, By Component
4.1. Key segment trends
4.2. Robot systems
4.2.1. Market size, by region, 2014-2025 (USD Million, Units)
4.3. Instruments & accessories
4.3.1. Market size, by region, 2014-2025 (USD Million, Units)
Chapter 5. Surgical Robots Market, By Application
5.1. Key segment trends
5.2. Orthopedic Surgery
5.2.1. Market size, by region, 2014-2025 (USD Million)
5.3. Neurosurgery
5.3.1. Market size, by region, 2014-2025 (USD Million)
5.4. General surgery
5.4.1. Market size, by region, 2014-2025 (USD Million)
5.5. Gynecology surgery
5.5.1. Market size, by region, 2014-2025 (USD Million)
5.6. Urologic surgery
5.6.1. Market size, by region, 2014-2025 (USD Million)
5.7. Others
5.7.1. Market size, by region, 2014-2025 (USD Million)
Chapter 6. Surgical Robots Market, By End-user
6.1. Key segment trends
6.2. Hospitals
6.2.1. Market size, by region, 2014-2025 (USD Million)
6.3. Ambulatory Surgical Centers
6.3.1. Market size, by region, 2014-2025 (USD Million)
Chapter 7. Surgical Robots Market, By Region
Chapter 8. Company Profiles
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