The Report Surgical Robot Market By Product (Systems, Instrument And Accessories,
Service), By Brand (da Vinci Surgical System, Cyber Knife, Rosa, MAKO,
Renaissance), By Application (General Surgery, Urology, Orthopedic,
Neurosurgery, Cardiovascular, Gynecology, Radiology, Transplant,
Gastro-intestinal), Market Size, Application Analysis, Competitive Strategies
and Forecasts, 2018 – 2024
The global surgical robot market is
expected to reach USD 20.8 billion by 2024, according to a new study by Grand
View Research, Inc. The prevalence of chronic disorders, such as chronic heart
diseases and various types of cancer, is on a rise. These diseases frequently
require surgery as a line of treatment. With the advent of surgical robot,
these surgeries have become easier and less traumatic, thereby propelling the
demand over the forecast period.
The
surgical robotic system causes less postoperative complications and reduces the
length of hospital stay for a patient. This further helps to save treatment
cost as well as labor cost. Owing to these benefits, these devices are now
favored by hospitals in developing as well as developed regions.
The
introduction of evolved systems is expected to boost the market growth over the
forecast period. The development of computer software coupled with such robotic
systems result in higher precision and better viewing of the incision site.
This is expected to propel the demand over the forecast period.
The
rising popularity of minimally invasive procedures due to their
patient-friendly nature is the vital driver for this industry. Surgical robot
help in performing complicated procedures through navigation and magnification
options.
Access Research Report of Surgical Robot Market @ www.grandviewresearch.com/industry-analysis/surgical-robot-market
Further key findings
from the study suggest:
· Robot systems held a lucrative share of around 42.0% in
the product segment. Robot systems were followed by accessories and are also
anticipated to witness a substantial growth owing to their frequent
repurchase.
· On the other hand, services are anticipated to grow at a
lucrative rate of around 20.0% over the forecast period. Periodic maintenance
of the existing robotic systems is mandatory; hence, this segment is
anticipated to witness a substantial growth.
· The da Vinci Surgical System by Intuitive Surgical, Inc.
dominated this industry in 2015. This system is the first U.S.FDA approved
system; hence, retains the first mover advantage.
· ROSA surgical system by Medtech is anticipated to witness
a lucrative growth over the forecast period. These systems are intended for the
brain and spinal cord surgeries. Recent approval for ROSA systems as well as
expansion in European and North American Region by Medtech is anticipated to
support the growth of this system.
· Gynecology held significant share of around 30.0% in
application segment followed by general surgery segment which is anticipated to
witness remunerative share over the forecast period. Rising prevalence of
colorectal cancer further contributed towards the growth of this segment.
· North America is the dominating market with lucrative
shares of around 60.0% in 2015. However, Asia Pacific is projected to witness
sturdy growth over the forecast period with the fastest growth rate. Healthcare
advancements as well economic developments with the aid of government is
anticipated to support the growth.
· The key players operating in this industry include
Intuitive Surgical, Inc., Accuray, MAKO /Stryker, Medtech Surgical, Hansen
Medical, TransEntrix, Titan Medical, Inc., and Renishaw Plc.
· New product launches and collaborative developments are
key strategic initiatives undertaken by market players to sustain the
competition
· For instance, in July 2015, Accuray and Raysearch
Laboratories AB formed a strategic collaboration. Accuray will co-market and
offer Raycare Oncology Information System (OIS) in designated major radiation
markets
Grand View Research has
segmented the global surgical robot market on the basis of type, products, and
region:
Global Surgical Robots
Market By Product, 2014 - 2024 (USD Million)
·
Robot System
·
Instrument & Accessories
·
Services
Global Surgical Robots
Market By Brand, 2014 - 2024 (USD Million)
·
da Vinci Surgical System
·
CyberKnife
·
ROSA
·
MAKO
·
Renaissance
·
Other
Global Surgical Robots
Market By Application, 2014 - 2024 (USD Million)
·
General Surgery
·
Urology
·
Orthopedic
·
Neurosurgery
·
Cardiovascular
·
Gynecology
·
Radiology
·
Transplant
·
Gastrointestinal
·
Others
Surgical Robots Market
By Region, 2014 - 2024 (USD Million)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
o
France
o
Italy
o
Spain
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
o
Saudi Arabia
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Press Release of Surgical Robot Market @ www.grandviewresearch.com/press-release/global-surgical-robot-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com