Surgical Robotics Market Overview:
Surgical Robotics Market was evaluated at $3 billion in 2014, and is estimated to garner $6 billion by 2020, registering a CAGR of 10.2% throughout the forecast period (2016‐2020). Robotics surgery, computer-assisted surgery, or robotically assisted surgery involve partial interference or complete dependence on specially devised machines and equipment sot carry out certain surgical procedures. Surgical robotic systems are a combination of equipment, accessories, software, and services that help to perform several minimally-invasive surgeries including gynecological, cardiac, neurological, and orthopedic. Robotic systems allow surgeons to automate the surgical procedure, thereby improving efficacy and precision during the procedure, and minimizing post-surgical complications. In addition, they provide effective representations of body parts and increase dexterity, which aid surgeons to work on inaccessible body parts. Further, robotic surgery reduces the risk of blood loss and infection, offer shorter recovery time, and leave minimum scars in comparison to the traditional open surgery. The overall enhancement in patient outcomes had a positive impact on the growth and adoption rate for the surgical robotics technology.
The increase in need for automation in the healthcare sector and growing demand for minimally-invasive surgeries or unmanned surgery and miniature robotics are the major factors driving the computer-assisted surgery and procedures market. In addition, a rise in incidences of colorectal cancer, neurological disorders, and gynaecological diseases is expected to boost the adoption of robotic surgical systems. Surgical robotic systems tend to lead in less post-surgical complications and reduce labor cost. Due to this, large-scale hospitals based in developed and developing economies are now favoring automate surgical or hospital services, which ultimately drives the growth of the surgical robotics industry. On the other hand, the high costs associated with surgical robotic procedures and accidental death or injuries due to broken instruments and system errors are likely to hinder the surgical robotics market growth. According to a study conducted at the University of Illinois, around 144 deaths and more than 1,000 injuries have been linked to complications leading from robotic surgery in the United States, in the past decade.
The report segments the industry into two distinct categories, i.e. surgical robotic systems and procedures. The surgical robotics industry is segmented based on system components, surgical applications, and geographical regions. Based on system components, the market is segmented into systems, accessories, and system-related services. Among these, the accessory segment held a dominant portion of the global surgical robotics market share in 2014. This was primarily because users tend to frequently re-purchase surgical accessories for inventory maintenance. According to surgical application, the market is further segmented into gynecological surgery, urological surgery, orthopedic surgery, neurological surgery, general surgery, and other types of surgeries. The surgical robotics market is further segmented across similar types of surgeries. The geographical breakdown and detailed analysis of each of the previously mentioned segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Intuitive Surgical Inc., is the pioneer of the robotic surgery and currently holds a dominant share in the global surgical robotics market. In 1999, Intuitive Surgical launched its first surgical robotic system named Da Vinci Surgical System. Other leading companies, such as Think Surgical, Inc., Blue Belt Technologies (acquired by Stryker), Mako Surgical Inc., (acquired by Smith and Nephew), and Renishaw plc., manufactures and supplies surgical robots for orthopedic surgery and neurosurgery.
The comprehensive competitive analysis and profiling of major market players in remote surgery, such as Intuitive Surgical Inc., Blue Belt Technologies Ltd., Think Surgical Inc., Hansen Medical, Inc., MAKO Surgical Corp., Renishaw plc., Stanmore Implants Worldwide, Ltd., and Mazor Robotics Ltd., are covered within the scope of the report.
SURGICAL ROBOTICS MARKET KEY BENEFITS :
- The surgical robotics market report provides an extensive assessment of the current and emerging market trends and dynamics in the global surgical robotic systems and procedures market.
- Based on geography, the global surgical robotics market is analyzed according to the various regions such as North America, Europe, Asia-Pacific, and LAMEA.
- This industry study evaluates the competitive landscape and the complete value chain structure to help create an understanding of the competitive environment across the different geographies.
- This research report entails the detailed quantitative evaluation of the current market and estimations from 2015 to 2020, which assists in the identification of the prevailing market opportunities for robotically assisted surgery.
- An exhaustive examination of the surgical robotics market size as well as systems and procedures market by type helps in understanding the categories of surgeries along with the variants of surgical robotic systems that will gain prominence in the future.
SURGICAL ROBOTICS MARKET KEY SEGMENTS:
By Surgery Type
- Gynecology surgery
- Urology surgery
- Orthopedic surgery
- General surgery
- Other surgeries
- North America
- United States
- United Kingdom
- Latin America
- Middle East