Press release
Image-Guided and Robot-Assisted Surgery Market to Surpass USD 9.59 Billion by 2030
Image Guided and Robot Assisted Surgery Market
The global Image-Guided and Robot-Assisted (IGRA) Surgery Market is poised for significant growth, projected to expand from USD 3.74 billion in 2023 to approximately USD 9.59 billion by 2030, reflecting a robust Compound Annual Growth Rate (CAGR) of 14.4% during the forecast period. This growth is driven by advancements in minimally invasive surgical techniques, increasing demand for precision in surgical procedures, and the integration of real-time imaging with robotic systems.
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Competitive Landscape and Regional Demand
The IGRA surgery market is characterized by intense competition, with key players such as Intuitive Surgical, Medtronic, Stryker, and CMR Surgical leading innovations. North America currently dominates the market, accounting for approximately 50.5% of the global revenue, followed by Europe at 17.4%, and Asia Pacific at 16%. The Asia Pacific region is anticipated to witness the highest growth rate, attributed to improving healthcare infrastructure, increasing medical tourism, and rising awareness about minimally invasive surgical procedures.
United States: Growth and Consolidation
The United States maintains a leading position in the IGRA surgery market, with a significant number of robot-assisted surgical procedures performed annually. Approximately 3,000 hospitals in the U.S. have at least one robotic system, representing about 60% of hospitals in the country. Recent developments include the FDA clearance of Intuitive Surgical's da Vinci 5 next-generation multiport robotic system, featuring pioneering force-sensing technology. Additionally, CMR Surgical received FDA approval for its Versius surgical robot, expanding its presence in the U.S. market.
Asia Pacific: Opportunities and Trends
The Asia Pacific region is emerging as the fastest-growing market for IGRA surgeries, projected to expand at a CAGR of 18.5% over the forecast period. Countries like China, Japan, India, and South Korea are at the forefront, investing heavily in healthcare infrastructure and adopting advanced medical technologies. China's market is expected to grow significantly due to government initiatives like the "Made in China 2025" plan, which identifies medical robots as a key area for development.
Europe: Innovation and Updation
Europe holds a significant share of the global IGRA surgery market, with countries like Germany, France, and the United Kingdom leading in research and adoption. The European market is characterized by a strong focus on research and development, with several academic institutions and medical device companies collaborating to advance surgical robotics and imaging technologies. Recent developments include the approval of CMR Surgical's Versius system in the UK, enhancing the region's capabilities in minimally invasive surgeries.
Middle East & Africa: Emerging Opportunities
The Middle East and Africa region is showing strong growth potential in the IGRA surgery market, with investments in healthcare infrastructure and biotechnology. The market is projected to grow at a CAGR of 13.9% from 2024 to 2031, driven by factors such as medical tourism and increasing adoption of advanced surgical technologies. Countries like the UAE, Saudi Arabia, and South Africa are actively supporting initiatives to expand their biotechnology sectors, including the adoption of IGRA technologies.
Key Recent Developments
Intuitive Surgical received FDA clearance for its da Vinci 5 system, introducing advanced features like force-sensing technology to enhance surgical precision.
CMR Surgical gained FDA approval for its Versius surgical robot, expanding its footprint in the U.S. market and offering a portable, modular system for various surgical procedures.
Medtronic and Johnson & Johnson are developing new robotic surgical systems to compete in the rapidly growing market, aiming to offer alternatives to existing platforms.
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Image Guided and Robot Assisted Surgery Market Segmentation:
by Product
MRI Guided Robot
X-Ray Computed Tomography Guided Robot
X-Ray Mammography Guided Robot
Optical Imaging Guided Robot
Ultrasound Imaging Guided Robot
by Application
Market in neurosurgery
Market in cardiovascular cranial
Market in otolaryngology
Market in orthopaedic procedures
Market in spine surgery
by End User
Hospitals
Research Centers
Others
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Major Players:
1. BrainLAB AG
2. GE Healthcare
3. Hitachi Medical Systems America
4. Integra Radionics, Inc.
5. Medtronic, Inc.
6. DePuy, Inc.
7. Philips Medical Systems, Inc.
8. PRAXIM Medivision SA
9. Siemens Medical Solutions USA, Inc.
10. Smith & Nephew PLC
11. Stryker Corporation
12. Toshiba America Medical Systems, Inc.
13. Zimmer Holdings, Inc.
14. Claron Technology, Inc.
15. Scopis Medical
16. MAKO Surgical Corporation
17. Intuitive Surgical
18. Terumo Medical Corporation
19. Venture Medical ReQuip
20. Crouse Hospital
21. Karl Storz
22. Claron Technology
Regional Analysis:
The report provides formal, functional, and vernacular regional analyses, with a focus on high-demand regions such as Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. The analysis offers insights into distinct targets, strategies, and market values specific to each region.
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Key Questions Answered in the Image Guided and Robot Assisted Surgery Market Report:
What defines the Image Guided and Robot Assisted Surgery Market?
What is the forecast period for the Image Guided and Robot Assisted Surgery Market?
How does the competitive landscape look in the Image Guided and Robot Assisted Surgery market?
Which region holds the largest market share in the Image Guided and Robot Assisted Surgery Market?
What opportunities are available in the Image Guided and Robot Assisted Surgery Market?
What factors are influencing the growth of the Image Guided and Robot Assisted Surgery market?
Who are the key players in the Image Guided and Robot Assisted Surgery market?
Which company holds the largest share in the Image Guided and Robot Assisted Surgery market?
What will be the compound annual growth rate (CAGR) of the Image Guided and Robot Assisted Surgery market during the forecast period?
What key trends are expected to emerge in the Image Guided and Robot Assisted Surgery market in the coming years?
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