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.
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Grand View Research : http://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
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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
View Press Release of this research
report by Grand View Research: http://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
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