"We Envision Growth Strategies Most Suited
to Your Business"
Intuitive Surgical Inc., has the widest flagship base of its product da Vinci surgical system across the U. S. and Europe. Intuitive Surgical Inc. has been dominating the Robotic Surgical Procedure Market since 2017 as it holds the largest market share backed by the high number of flagship products. The company is expected to dominate the market during the forecast period 2018-2025 as.
As per a published report by Fortune Business Insights, titled “Robotic Surgical Procedures Market: Global Market Analysis, Insights and Forecast, 2018-2025,” the global robotic surgical procedure market was valued at US$ 3,912 Mn in 2017. The global robotic surgical procedure market is anticipated to witness impressive growth and reach US$ 13, 271.6 Mn by the end of 2025 exhibiting a CAGR of 16.6% between 2018 and 2025.
Among applications, gynecology is the most preferred area for robot assisted surgical procedure. Gynecology held the largest share in the global market among the segments based on application in 2017. As per Fortune Business Insights, it accounted for 28.7% of the global robot surgical procedure market in the year.
It is also expected to dominate the global market during the forecast period due to the constantly increasing practice of robot assisted surgical procedure. Apart from gynecology, the orthopedics segment is also expected to reflect impressive growth during the forecast period. Introduction of new product line in the application area and increasing number of market players in the global robotic surgical procedure market is anticipated to boost the growth rate in the orthopedics segment with a significant high CAGR.
An increasing number of companies are entering into the global robotic surgical procedure market. Some of the leading players in the market are Surgical, Inc., Zimmer Biomet, Stryker Corporation, Medtronic, Smith & Nephew, Accuray Incorporated, CMR Surgical Ltd., Avatera Medical GmbH, and Verb Surgical Inc.
Increasing application among developed nations to generate demand in the global market
Increased adoption of the robotic surgical system among the developed nations such as the U. S. and Canada, increasing number of patients undergoing surgical procedure, and gradual shift towards minimally invasive surgical procedure by the healthcare providers such as hospitals and specialty clinics are some of the major factors expected to drive the global robotic surgical procedure market during the forecast period.
Additionally, constant innovation and upgradation in the product portfolio by the existing market players, and growing incidences and prevalence of chronic diseases such as cardiovascular disease, cancer, and orthopedics are expected to fuel the demand in the global robotic surgical procedure market.
“The introduction of new and economical robotic surgical system among developing nations will enable growth in the global robotic surgical procedure market,” said a lead analyst at Fortune Business Insights.
India and China pulling Asia Pacific’s Rank Up Among the Leading Regions
North America was the leading region in the global robotic surgical procedure market in 2017. The market in the region was valued at US$ 3,070.7 Mn in 2017. North America is expected to dominate the global market during the forecast period also. The growth in the region is driven by constantly increasing application areas and rising adoption of robot assisted surgical procedure.
The robotic surgical procedure market in Asia Pacific is expected to witness impressive growth during the forecast period. Developing nation such as India and China is witnessing increasing adoption of surgical robots and is expected to generate demand in the regional Market. China and India have also reported high usage of surgical robots for urology application and is expected to widen its application area among gynecology, neurology, and others.
Fortune Business Insight’s report also provides an insightful overview of opportunities, strategies used by the leading organization in the market, and the potential areas of development.
Browse Complete Report Details at https://www.fortunebusinessinsights.com/industry-reports/robotic-surgical-procedures-market-100124
The global robotic surgical procedure market can be segmented into the following categories:
Global Robotic Surgical Procedures Market, by Application
By Product Type