"Designing Growth Strategies is in our DNA"
The global robotic surgical procedures market size stood at USD 3,912.2 million in 2017 and is projected to reach USD 13,271.6 million by the end of 2025, exhibiting a CAGR of 16.6%.
Existing market players operating in the robotic surgical systems market are focusing on constant innovation and upgrading their portfolio with new and advanced product offerings. Moreover, an increasing number of patients undergoing surgical procedures, rising shift of healthcare providers towards minimally invasive surgical procedures, and rising adoption of robotic surgical systems in developed and emerging countries are some of the major factors projected to drive the number of robotic-assisted surgical procedures being performed globally.
The introduction of new and economical robotic surgical systems is expected to drive the growth of the robotic surgical procedures in developed as well as emerging countries, subsequently driving the growth in the market during the forecast period 2018-2025.
Request a Free sample to learn more about this report.
"General surgery to account for the highest market share by 2025"
New application areas of robot assisted surgical procedures is one of the most prominent driving factor for the growth of the global robotic surgical procedures market in 2017. Gynecology segment is estimated to have the largest market share among application types. Gynecology accounted for a market share of 28.7% in 2017. While, it varies in different regions as which procedure type is performed more, gynecology was estimated as largest preferred robot-assisted surgical procedure.
Globally, orthopedics application segment is estimated to grow at a faster CAGR during forecast period. This is attributed to the increasing number of new product introductions designed specifically for orthopedic procedures. Currently, there is a small number of orthopedic surgical procedures being performed using surgical robots, but this is expected to grow at a significantly high CAGR during the forecast period.
To know how our report can help streamline your business, Speak to Analyst
"The growing installed base of surgical robots and increasing adoption of robotic surgical procedures expected to result in highest CAGR in Asia Pacific"
North America generated a revenue of US$ 3,070.7 Mn in 2017, and is anticipated to account for a dominant share in the global robotic surgical procedures market during the forecast period. Growth witnessed in the region is likely to be driven by increasing adoption and increasing application areas of robot-assisted surgeries in the region. In developed countries, the penetration of robotic surgical systems is increasing along with the number of surgical procedures being performed.
Whereas, in emerging countries such as India and China, the adoption of surgical robots is fueling the growth in the robotic surgical procedures market during the forecast period. In Asian countries like China and India the robotic surgical systems are mostly used for urology. However, the adoption in other application areas such as orthopedic, neurology, general surgery, and gynecology is also increasing.
North America Robotic Surgical Procedures Market Share, 2017
To get more information on the regional analysis of this market, Request a Free sample
"Intuitive Surgical Inc., to account for more than half of the market share in terms of revenue"
Intuitive Surgical Inc., emerged as the leading player with the highest market share in 2017, as the company has highest installed base of its flagship product da Vinci surgical system. A significantly high installed base in the U.S. and other European countries have been the key for the company. In addition, Intuitive Surgical Inc., is continuously getting approvals for new application areas for da Vinci surgical system. Other players operating in the robotic surgical procedures market are Zimmer Biomet, Stryker Corporation, Medtronic, Smith & Nephew, Accuray Incorporated, CMR Surgical Ltd., Avatera Medical GmbH, Verb Surgical Inc., etc.
Aging population and sedentary lifestyles are major factors leading to rising incidence of age and lifestyle related chronic diseases among general population. The increasing prevalence and incidence of diseases such as diabetes, cancer, cardiovascular diseases, and orthopedic disorders is facilitating a large patient population undergoing surgical procedures globally. The report on global robotic surgical procedures market focuses on size in terms of revenue (US$ Mn), of robotic surgical procedures, for the period 2014-2025.
The report offers information pertaining to various dynamics of the market including drivers, restraints, opportunities for market players in the robotic surgical procedures market. The report analyzes and evaluates current market size, growth rate, and forecast of the global market, in regard to the application (gynecology, urology, general surgery, orthopedics, and others).
To gain extensive insights into the market, Request for Customization
The report also offers key insights related to an overview of the robotic surgical systems market (2017) - for North America, Europe, APAC and rest of world, overview of the robotic surgical procedures volume (2017 and 2025) - at global level, pricing analysis - major robotic surgical systems, distributor analysis - for major manufacturers of robotic surgical systems, key mergers & acquisitions, key technological advancements in robotic surgical systems, regulatory scenario, and reimbursement scenario.
Fortune Business Insights says that the robotic surgical procedures market was valued at USD 3,912.2 Million in 2017 and is projected to reach USD 13,271.6 Million by 2025.
In 2017, the North America Robotic surgical procedures market was valued at USD 3,070.7 Million
Growing at a CAGR of 16.6%, the market will exhibit significant growth in the forecast period (2018-2025)
The gynecology segment is expected to be the leading segment in this market during the forecast period.
Increasing application of robotic surgical systems owing to its accuracy and technological advancements are the major factors driving the robotic surgical procedures market.
Intuitive Surgical Inc., Zimmer Biomet, Ltd., and Stryker Corporation are the top players in the robotic surgical procedures market.
North America is expected to witness the highest growth in the market during the forecast period.
Increase in number of surgical procedures and new product launches are the factors that are expected to drive the adoption of robotic surgical procedures.
Rise in the number of trained robotic surgeons and increasing demand for Minimally Invasive Robotic Surgery (MIRS) are the major trends in the robotic surgical procedures market.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry