Surgical Robots Market Overview:
The growing demand for minimally invasive surgeries has catapulted the expansion of the market for surgical robots. According to the latest report published by Market Research Future (MRFR), the Global Surgical Robots Market is poised to grow radiantly at 22.75% CAGR during the forecast period 2017 to 2023. The acceleration of automation embracement in the healthcare sector has been significant over the past few decades. The approval of the da Vinci surgical system in 2000 by the Food and Drug Administration (FDA) has revolutionized the market for surgical robots.
The precision and success rate of robot-assisted surgeries propelled the demand for surgical robots and is expected to continue the same trend over the next few years. The operations conducted with the help of robots has registered lesser cases of infection than traditional operations which are leading the shift towards the acceptance of surgical robots.
Other factors contributing towards the growth of the market are increasing incidences of diseases, introduction of advanced robotics in the healthcare sector, growing demand for minimally invasive surgeries, etc. However, the factors that are poised to impede market growth over the assessment period are high costs associated with the adoption of surgical robots, risks related to the robot-assisted surgeries, rigid inclination towards traditional surgery, etc.
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Global Surgical Robots Market Segmentation:
By application, the global surgical robots market is segmented into cardiac surgery, general surgery, gynecologic surgery, urologic surgery, colorectal surgery, head and neck surgery, and, other.
By robotic surgery approach, the market is segmented into supervisor-controlled robotic surgical system, shared control robotic surgical systems, telesurgery systems, and, robotic radiosurgery systems.
By control mechanism, the market has been segmented into direct telemanipulator, and, computer control.
By region, the global surgical robots market has been segmented into Americas, Europe, Asia Pacific, and, Middle East & Africa. Americas market will steer the growth of the global market and is expected to retain its influential position throughout the assessment period. The market in this region has witnessed significant developments in technology and was the first to introduce robot-assisted surgery to the world. The early adoption of the technology opened up avenues for innovation which has enhanced its widespread market penetration. The demand for surgical robots is expected to proliferate over the next couple of years owing to the advancements in the healthcare sector, and, rising prevalence of health problems. North America will be the primary revenue generator in the region and the market in North America was valued at USD 1,655.8 Mn in 2016.
Europe will be holding the second spot in terms of revenue generation from the market. The developed healthcare sector in the region is well equipped for the efficient adoption of surgical robots which has multiplied the profits earned from the market. The growing demand for minimally invasive surgeries is also poised to fuel the growth of the market in Europe. Asia Pacific is expected to register exponential growth at a striking CAGR of 23.36% from 2017 to 2023. Countries such as India, China, and, Japan will play major roles in the adoption of surgical robots in the region. The demand, as well as the manufacturing of surgical robots, is expected to expand which will augment the market size across the projection period. The Middle East & Africa is also expected to grow moderately owing to the global market penetration by robot-assisted surgeries.
Some of the key players profiled by MRFR in its recently published report for a better insight into the market are Intuitive Surgical, Inc., Medtronic, Johnson & Johnson, Google Life Sciences, Stryker Corporation, TransEnterix, Mazor Robotics, and, Hansen Medical. The competitive landscape of the market represents robust competition, and the top-notch players strive to gain an edge over others. The strategies devised by the players to retain its prominence include strategic alliances, mergers & acquisitions, research & development activities, technical innovations, product developments, etc.
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MAJOR TABLE OF CONTENTS:
1 REPORT PROLOGUE
2 MARKET INTRODUCTION
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
6 GLOBAL SURGICAL ROBOTS MARKET, BY CONTROL MECHANISM
7 GLOBAL SURGICAL ROBOTS MARKET, BY SURGICAL APPLICATION
8 GLOBAL SURGICAL ROBOTS MARKET, BY REGION
9 COMPETITIVE LANDSCAPE
10 COMPANY PROFILE
11 List of Tables
12 List of Figures
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