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Robotic Surgical Systems Market Size, Share and Global Trend By Product (Systems, Accessories), By Application (Gynecology, Urology, Orthopedics, General Surgeries), Geography Forecast till 2026

Region : Global | Report ID: FBI100276 | Status : Ongoing

 

KEY MARKET INSIGHTS

According to data published by Intuitive Surgical, the biggest manufacturer of robotic surgical systems claimed that there are 10%, 9%, and 13% upsurge in installed systems in 2015, 2016, and 2017 respectively. Accuracy, adaptability, control, quicker recovery, better handling of complexity as compared to traditional surgery and the most imperative, minimally invasive method are points of interest of automated medical procedure.


Extreme efforts are being taken by different foundations to grow completely robotized automated frameworks for performing surgeries. For instance, in 2017, the Children’s National Health System built a completely automated robot known as STAR (Smart Tissue Autonomous Robot) for performing delicate tissue surgeries with superior precision. 


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The growing emphasis on minimally invasive methods as well as increasing focus on workflow automation is projected to offer a considerable environment for the growth of the robotic surgical systems during the forecast period. Moreover, the increasing synergy between human and robots, especially in developed nations, offers huge potential for adoption of surgical robots during the forecast period. 


Higher acquisition and maintenance cost is the considerably prominent factor expected to hamper the growth of the global robotic surgical systems market during the forecast period. Moreover, lack of required infrastructure, as well as lack of robotic surgeons in emerging nations, are some of the factors which are restraining the growth of the global robotic surgical systems.               


Key Players Covered 


Major companies that are present in global robotic surgical systems market are Intuitive Surgical, Stryker, Auris Health, Inc., avatera medical GmbH, CMR Surgical Ltd., Johnson & Johnson Services, Inc. and Google Inc.’s. joint venture, Verb Surgical Inc., Olympus Corporation, TransEnterix Surgical, Inc. and other players. 


SEGMENTATION 


 






















 SEGMENTATION



  DETAILS



By Product



Systems


Accessories



By Application



Gynecology


Urology


Orthopedics


General Surgeries


·      Others



By Geography



·      North America (USA and Canada)


·      Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)


·      Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


·      Latin America (Brazil, Mexico and Rest of Latin America)


·      Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



                               


Among the application segments, urology application is projected to hold a considerable share in the global robotic surgical systems market owing to higher utilization of surgical robots for urology procedures. 


Key Insights 



  • Key Industry Developments - mergers, acquisitions and partnerships

  • Key strategies of leading market players

  • Snapshot - Installed base of surgical robots (2018)

  • Overview of robotic surgical procedures volume  


Regional Analysis 


North America is expected to dominate the global robotic surgical systems market owing to higher adoption rate of surgical robots. Moreover, developed healthcare infrastructure in North America, as well as considerable amount of availability of robotic surgeons and most prominently, patient acceptance for performing robotic surgeries, are likely to offer more number of installations in North America, resulting into the growth of the global robotic surgical systems market. Asia Pacific is expected to register comparatively higher CAGR for the growth of the global robotic surgical systems market due to rapidly growing infrastructure as well as the entry of new market players in the Asia Pacific market. 


Key Industry Developments



  • In March 2015, Johnson and Johnson agreed upon strategic alliance with Google Inc. to develop an innovative robotic-assisted surgical platform with advanced technologies.

  • In May 2017, Intuitive Surgical Inc. launched new Da Vinci System, Da Vinci X, which has advanced visualization and visualization and fully integrated endoscope feature.

  • In November 2018, Stryker announced commencement of new development center at Freiburg, DE, Germany with aim to manufacture neuro-technological products and surgical robots.

  • In March 2019, da Vinci SP, surgical product by Intuitive Surgical got FDA approval for performing certain transoral otolaryngology procedures in adult patients.


Robotic Surgical Systems Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

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