Global Surgical Robots Market
Overview:
Surgical robots allow doctors to perform complex procedures with more precision, flexibility, and control than traditional techniques. These robots consists of a camera arm and mechanical arms controlled by surgeon on a computer console that offers a magnified and high definition 3D view of the surgical site. Surgical robots are mainly used in minimally invasive procedures performed through small or tiny incisions. Moreover, they allow surgeons to perform complex surgeries, which may be impossible or difficult with other methods.
The global surgical robots market is estimated to be valued at US$ 3,380.3 million in 2017 and is expected to witness a robust CAGR of 13.4% over the forecast period (2017-2025).
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Drivers:
Rising consumer preference for minimally invasive surgical procedures is expected to propel growth of the global surgical robots market during the forecast period. For instance, according to the National Centre for Biotechnology Information (2015 report), around 175,000 umbilical hernia repairs are performed each year in the United States.
Technological advances in surgical products have led to a shift from conventional to minimally invasive surgery. The use of surgical robots has brought about significant changes in surgical procedures. They assist in making small/tiny incisions, leading to less bleeding, and faster recovery for patients with shorter hospital stays. Moreover, surgical robots increase precision and accuracy in surgical procedures and can easily reach beneath soft tissues to operate organs. Thus, surgical robots ideal for minimally invasive surgeries.
Technological advances have efficiently reduced the cost of medical care by eliminating human error, streamlining operating theatres, reducing operating time, and preserving staff for other critical procedures. Furthermore, market players are focused on developing surgical robots with advance features to perform minimally invasive surgery with high precision and accuracy. This is expected to help them gain a competitive edge in the market.
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Restraints:
Surgical robots can cause some of the same problems as open surgery, including a higher risk of bleeding, infection, and cardiopulmonary exposure to anesthesia. Moreover, robotic surgery may result in death due to the risk of human errors and system failure. This in turn is expected to hinder growth of the global surgical robots market.
Market Taxonomy:
By Product Type:
- Instruments & Accessories
- Robotic Systems
By Surgery Type:
- Gynecology Surgery
- General Surgery
- Urology Surgery
- Cardiovascular Surgery
- Neurosurgery
- Orthopedic Surgery
- Other Surgeries
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Regional Insights:
Among regions, North America is expected to significant growth in the global surgical robots market due to increasing number of minimally invasive surgeries, rise in regulatory approvals, and presence of robotic surgical system manufacturers in the region. For instance, in March 2016, MedTech received 510K clearance from the U.S. Food and Drug Administration (FDA) to market the ROSA Spine robot in the U.S. for minimally invasive surgery on the spine.
Major Players:
Major players active in the global surgical robots market are Medrobotics Corporation, Smith & Nephew, Stryker Corporation, Zimmer Biomet, TranEnterix, Think Surgical, and Intuitive Surgical, among others.
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Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Surgery
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Technological Evolution
- PEST Analysis
- PORTER’s Five Forces Analysis
- Regulatory Scenario
- Market Dynamics
- Global Surgical Robots Market, By Product Type, 2015–2025 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2015–2025
- Segment Trends
- Instruments & Accessories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Robotic Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Da Vinci Surgical System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Rosa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Mako Rio
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Robodoc
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Da Vinci Surgical System
- Introduction
- Global Surgical Robots Market, By Surgery, 2015–2025 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
-
- Y-o-Y Growth Analysis, 2015–2025
- Segment Trends
- Gynecology Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- General Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Urology Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Cardiovascular Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Neurosurgery Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Orthopedic Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Other Surgeries
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million )
- Introduction
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