ID: MRFR/HC/6307-HCR | February 2021 | Region: Global | 160 pages
Robot-Assisted Surgical Systems Market Scenario
The Global Robot-Assisted Surgical Systems Market is projected to grow significantly over the forecast period. It is estimated that the global robot-assisted surgical systems market is expected to register a CAGR of ~10% during the forecast period of 2018–2023.
Medical robotics system is witnessing a change in trend over a couple of years due to technological upgradations in few areas such as HD surgical microscopic cameras, 3D-Imaging, motion sensors, data recorders & data analytics, robotic catheter control system (CCS), and remote navigation.
The increasing demand for accurate laparoscopic surgeries, growing need for surgical procedures in geriatric population and rising cases of trauma injuries is expected to drive the growth of the market.
Factors such as high cost associated with robotic surgical surgeries & robotic systems are limiting the growth of the market.
Moreover, major companies in the market are involved in new product launches to strengthen their position in the market. In May 2018, Intuitive Surgical received US FDA clearance for the da Vinci SP surgical system for urologic surgical procedures that are appropriate for a single port approach. The most frequently used da Vinci Surgical System developed by Intuitive Surgical Inc. uses an enhanced computer system capable of laparoscopic surgery.
Robot-Assisted Surgical Systems Market Segmentation
The Global Robot-Assisted Surgical Systems Market is segmented on the basis of product, application, and end user.
The robot-assisted surgical systems market by product is categorized into surgical robots, rehabilitation robots, non-invasive radiosurgery robots, hospital and pharmacy robots, and emergency response robotic systems.
Surgical robots are divided into orthopedic surgical robots, robotic neurosurgical systems, and laparoscopy robotic systems. Orthopedic Surgical Robots is divided into an iBlock surgical system, Robodoc surgical system, Navio PFS surgical system, MAKO RIO surgical system, and Stanmore Sculptor surgical system. Neurosurgical Robotic Systems is divided into Pathfinder surgical system, NeuroMate surgical system, and Renaissance surgical system. Laparoscopy Robotic Systems is divided into FreeHand endoscope holder system, Da Vinci robotic surgery system, Telelap ALF-X surgical system, and Steerable Robotic Catheters.
Rehabilitation robots are categorized into assistive robots, prosthetics, orthotics, therapeutic robots, and robotic exoskeleton systems. Hospital and pharmacy robots are categorized into telemedicine robots, IV robots, pharmacy robots, and cart transportation robots.
Based on application, the robot-assisted surgical systems market is segmented into neurology, orthopedics robotic systems, laparoscopy, and special education.
On the basis of end user, the market is segmented into healthcare providers, healthcare payers, and others.
On the basis of region, the global robot-assisted surgical systems market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and Latin America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, South Korea, and the rest of Asia-Pacific. The robot-assisted surgical systems market in the Middle East and Africa has been segmented into the Middle East and Africa.
Robot-Assisted Surgical Systems Market Key Players
Some of the key players in the global robot-assisted surgical systems market are Stryker Corporation (MAKO Surgical Corp.), Renishaw Plc, Varian, Accuray, Intuitive Surgical Inc, Health robotics S.R.L, Smith & Nephew Plc. (Blue Belt Technologies, Inc.), Auris Surgical Robotics, Inc. (Hansen Medical Inc.), KUKA AG, Mazor Robotics, Medtronic plc, THINK Surgical Inc., Zimmer Biomet Holdings Inc., Transenterix, Verb Surgical, Titan Medical, Microbot Medical, Medrobotics, and others.
Robot-Assisted Surgical Systems Regional Market Summary
Global Robot-Assisted Surgical Systems Market Share (%), by Region, 2017
Sources: Centers for Disease Control and Prevention (CDC), US Department of Health and Human Services, National Institutes of Health
It is projected that the Americas dominated the global robot-assisted surgical systems market owing to the growth of the market in the North American region. This is largely attributed to factors such as well-established healthcare infrastructure and the increase in adoption of robotic surgical systems across various healthcare settings will support market growth in this region. Europe is expected to hold the second largest share in the robot-assisted surgical systems market owing to the introduction of advanced robot-assisted laparoscopic procedures and quality of treatment of existing and new medical indications.
Asia-Pacific was projected to be the fastest growing region for the global robot-assisted surgical systems market. With the growth of the overall robotics market in the region headed by technology giants like Japan and China, the availability of medical robots has also increased. In 2017, a robot performed the world’s first automated dental implant in China. The Middle East and Africa holds the least share in the global robot-assisted surgical systems market due to the presence of economically diverse countries, and fewer initiatives taken by the government.
Global Robot-Assisted Surgical Systems Market, by Product
Orthopedic Surgical Robots
iBlock surgical system
Robodoc surgical system
Navio PFS surgical system
MAKO RIO surgical system
Stanmore Sculptor surgical system
Neurosurgical Robotic Systems
Pathfinder surgical system
NeuroMate surgical system
Renaissance surgical system
Laparoscopy Robotic Systems
FreeHand endoscope holder system
Da Vinci robotic surgery system
Telelap ALF-X surgical system
Steerable Robotic Catheters
Exoskeleton Robotic Systems
Noninvasive Radiosurgery Robots
Hospital and Pharmacy Robots
Cart transportation robots
Emergency response robotic systems
Global Robot-Assisted Surgical Systems Market, by Application
Global Robot-Assisted Surgical Systems Market, by End User
Global Robot-Assisted Surgical Systems Market, by Region
Frequently Asked Questions (FAQ) :
The global market is expected to exhibit a strong 10% CAGR over the forecast period from 2018 to 2023.
The growing demand for precision in surgical procedures is the major driver for the robot-assisted surgical systems market.
The high costs of robotic surgical systems are the major restraint on the market.
North America and Europe are the dominant regional markets for robot-assisted surgical systems.
Leading players in the global market include THINK Surgical, Zimmer Biomet, Stryker, and Smith & Nephew, among others.
This table of content is tentative and subject to change as the research progresses.
Please Note: Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.