Global Surgical Robots Market, By Product (Robotic Systems, Instruments and Accessories, Service), By Brands (Da Vinci Surgical System, Cyberknife, Renaissance, Flex, Artas, Rosa and Others), By Application (General Surgery, Urological, Gynaecological, Gastrointestinal, Radical Prostatectomy, Cardiothoracic Surgery, Colorectal Surgery, Radiotherapy and Others), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends And Forecast To 2024.
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Global Surgical Robots Market is expected to reach USD 14.7 billion by 2024 from USD 5.2 billion in 2016, at a CAGR of 13.7% in the forecast period 2017 to 2024.
The major factors driving the growth of this market are the rising prevalence of chronic diseases such as cardiovascular diseases, growth in demand for minimally invasive surgeries. On the other hand, high cost of equipment and surgery, high entry level cost may hinder the growth of the market.
The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Surgical Robots Market Key Points:
Intutive Surgical, Inc., is dominating the surgical robots market following with Accuray Inc., Mazor Robotics, Restoration Robotics, Inc., MedTech S.A., Verb Surgical Inc., Auris Surgical Robots, MAZOR Robots, Hansen Medical, ReWalk Robots, and Hocoma AG among others.
- Instruments market is growing with the highest CAGR.
- Da Vinci Surgical System is having the highest market share.
- General surgery is dominating the surgical robots market.
Global Surgical Robots Market Segmentation:
The global surgical robots market is segmented on the basis of type, product type, brands, application, and geography. The global surgical robots market is segmented into three types, namely instruments, robotic systems, and accessories and services.
In 2017, the instruments segment is expected to dominate the market with a share of 57.8% and is expected to continue this trend till 2024.
On the basis of brands, the market is segmented into Da Vinci Surgical System, CyberKnife, Renaissance, Artas, ROSA and others.
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On the basis of application, the market is classified into general surgery, urological, gynaecological, gastrointestinal, radical prostatectomy, cardiothoracic surgery, colorectal surgery, radiotherapy and others. In 2017, the general surgery segment is expected to dominate the market and is expected to continue this trend till 2024.
Global Surgical Robots Market Key Drivers:
Some of the major factors driving the market for surgical robots market market are rising aging population, rising cases of chronic diseases, better benefits to patients and surgeons, and technological advancements.
- Regulatory scenario and shortage of trained surgeons are the factors which may hinder the growth of this market.
- Many companies are increasingly focusing on surgical robotic systems in order to strengthen their product portfolios in the surgical robots market.
- Development of nano robots is changing the trend of surgical robots in the healthcare sector.
- Increase in the healthcare spending in South Asia and Africa will drive the market in future.
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Table of Content:
- RESEARCH METHODOLOGY
- MARKET LANDSCAPE SUMMARY
- PREMIUM INSIGHTS
- EXECUTIVE SUMMARY
- SURGICAL ROBOTICS MARKET, BY PRODUCT TYPE
- SURGICAL ROBOTS MARKET, BY BRANDS
- SURGICAL ROBOTS MARKET, BY APPLICATION
- SURGICAL ROBOTS MARKET, BY GEOGRAPHY
- SURGICAL ROBOTS MARKET: COMPETITIVE LANDSCAPE
- SURGICAL ROBOTS MARKET, COMPANY PROFILES
- ABOUT DATA BRIDGE MARKET RESEARCH
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