Surgical Robots Market Analysis 2017: Global Industry Share, Trends And Forecast To 2024
The global surgical robots market is highly concentrated to a big player and rest to local players who cater to domestic markets only. Intuitive Surgical. Inc, dominated the surgical robots market accounting for a highest market share in 2016, followed by Accuray Inc., Mazor Robotics, Restoration Robotics, Medtech S.A. Other players in this market include Verb Surgical Inc., Auris Surgical Robots, MedRobots Corporation, Virtual Incision Corporation, Think Surgical, Inc. Hansen Medical, ReWalk Robots, and Hocoma AG.
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Intuitive Surgical, Inc.:
Founded in 1995 as Intuitive Surgical, Inc. and head quartered in Sunnyvale, California, U.S. is focused on designing, developing, manufacturing and marketing of robotic technologies and other related instruments and accessories. The company operates through three business segments: systems, instruments and accessories and services and training.
1. In April 2017, Intuitive Surgical, Inc. a leading global surgical robotic company announced that it has received CE Mark for its new da Vinci X Surgical System.
2. In September 2016, Intuitive Surgical announced the joint venture with Fosun Pharma to research, develop and manufacture innovative robotic assisted catheter medical devices.
Global Surgical Robots Market - Segmentation:
By Product (Robotic Systems, Instruments and Accessories, Service), Brands (da Vinci Surgical System, CyberKnife, Renaissance, Artas, Rosa and Others), Application (General Surgery, Urological, Gynaecological, Gastrointestinal, Radical Prostatectomy, Cardiothoracic Surgery, Colorectal Surgery, Radiotherapy and Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Global Surgical Robots Market - Drivers:
Some of the major factors driving the market for surgical robots market are increasing cases of acute and chronic diseases, and rising aging population. These factors increase the demand for surgical robotics instruments, systems, and accessories and services. Increasing prevalence of chronic diseases, high precision, better benefits to patients and surgeons, and technological advancements are other factors driving the growth of the surgical robots market.
RISING CASES OF CHRONIC DISEASES
In recent years, the prevalence of chronic diseases (such as cancer, cardiovascular diseases, and many others) across the globe has increased considerably over a period of time. The rapidly increasing aging population and the subsequent rise in chronic conditions are major factors driving the demand for surgical robots.
RISING AGING POPULATION
Pool for chronic diseases. Older populations are more prone to diseases such as arthritis, cardiovascular diseases, gastrointestinal and other problems. Aging population is expected to drive the market for the surgical robots.
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BETTER BENEFITS TO PATIENTS AND SURGEONS
The robots provide the surgeon with an increased level of dexterity and allow the surgeons to operate in small spaces inside the body that would otherwise require open surgery. More precise surgery, less loss of blood and risk of infection, and superior dexterity will drive the market for surgical robots.
TECHNOLOGICAL ADVANCEMENTS AND INNOVATIONS IN SURGICAL ROBOTS MARKET
The surgical robots market is expected to show significant growth in the coming years, due to various technological advancements and new product launches in order to improve the convenience and ease of surgery.
Based on geography the global surgical robots market is segmented into:
• North America
• South America
• Middle East and Africa
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