Surgical Robots Market by Component (Instruments & Accessories, Robotic Systems, Services), Application (General Surgery, Orthopedic Surgery, Neurosurgery, Gynecological Surgery, Urological Surgery), End Users (Hospitals, Ambulatory Surgical Centers) - Analysis & Forecast 2019-2030
Report ID : 20 | Published Date : Feb 2019 | Pages : 150 | Region : Global | Report Code : MD-10
Surgical Robots Market Overview and Introduction
Surgical Robots Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030. The global surgical robots market is estimated to be over US$ 9.0 Bn in 2017. It is anticipated to grow at a double-digit CAGR from 2019 to 2030.
Surgical Robots are medical devices which are used for performing several types of surgical procedures. These robots majorly consist of surgical instruments attached to robotic arms, which are in turn controlled by surgeons through computer consoles. Robotic surgery is a form of minimally-invasive procedure, and offers precision, flexibility and enhanced control as compared to conventional procedures of surgeries
The global surgical robots market is driven by awareness regarding benefits associated with robotic surgeries coupled with rising adoption of minimally invasive procedure. However, high cost related to robotic surgeries and requirement of high-skilled professionals is likely to restrain the market to certain extent.
Surgical Robots Market by Component, Application and End User
On the basis of component, the market is segmented into instruments & accessories, robotic systems, services. The instruments & accessories segment is estimated to account for the largest share of the market. The large share of the market can be attributed to recurring demand for disposable instruments & accessories which are required for every procedure.
Surgical Robots Market by Application
The segment of application can be further segmented into general surgery, orthopedic surgery, neurosurgery, gynecological surgery, urological surgery and other applications. The segment of other applications is anticipated to account for majority of the market share owing to growing adoption of minimally-invasive procedures for treatment of several conditions.
Surgical Robots Market by End User
Based on the end users, the market is segmented into hospitals, and ambulatory surgical centers. The hospitals segment is estimated to account for the largest share of the global surgical robots market. The large share of this segment can be attributed to presence of advance facilities and several types of surgical robots for specifically treating a wide range of conditions, namely, hernia repair, rectal procedures, sacrocolpopexy, prostatectomy, mitral valve repair, colon and rectal procedures, transoral robotic surgery, and cholecystectomy among others.
Surgical Robots Market by Regions
The global surgical robots market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of robotic surgeries, followed by Europe and Asia Pacific. North America will continue to dominate the global surgical robots market in the forecast period owing to factors such as increasing focus of population on minimally-invasive surgeries, and availability of advanced surgical solutions among others. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, India, and Japan. Factors such as improving hospital infrastructure, increasing awareness among the population and increasing disposable incomes are likely to propel the growth of the surgical robots market in the near furture.
Surgical Robots Market Prominent Players
The prominent players in the global surgical robots market are Intuitive Surgical, Mazor Robotics, Zimmer Biomet (Medtech), Auris Health, Inc. (Hansen Medical), TransEnterix Surgical, Inc., Stryker, Smith & Nephew, Renishaw plc, Medrobotics and THINK Surgical, Inc.