Global Surgical Robotics Market: Focus on Products and Services, 2018-2025 - Key Players are Intuitive Surgical, Stryker, Mazor Robotics, MedRobotics, TransEnterix and Hansen Medical

DUBLIN, Nov. 12, 2018 /PRNewswire/ --

The "Global Surgical Robotics Market: Focus on Products and Services (Surgical Systems, Instruments & Accessories, and Services & Maintenance), Applications, End Users, and Competitive Landscape: Analysis and Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.

The global surgical robotics market is expected to reach $12.59 billion by 2025. The market consists of various product segments such as surgical systems, instruments and accessories and maintenance services. The instruments and accessories segment had the highest market value in 2017, growing at the CAGR of 15.2% during the forecast period 2018-2025. However, services (maintenance and up-gradation) are expected to grow at the highest CAGR of 14.1% during the forecast period 2018-2025.

The medical industry, globally, has witnessed several technological advancements in the recent years in diversified branches. For instance, previously, surgeries were done by using open surgical procedures, which witnessed a noteworthy transformation when minimally invasive surgical procedures were introduced in the medical world. Medical robotics and computer assisted surgical systems stood distinctively as the most advanced extension of minimally invasive surgical procedures. These systems can be segmented into three types: rehabilitation systems, hospitals and pharmacy systems, and surgical robotics system. Among these, the surgical robotics systems are being widely adopted across the globe at present.

Factors such as rising demand of minimally invasive surgeries, rising incidence rate of chronic diseases, general awareness regarding computer aided surgeries, rising disposable income and introduction of technologically advanced systems, such as SurgiBot, Amadeus, Single Port Orifice Robotic Technology (SPORT), and Modus V, among others, are propelling the growth of this market.

Surgical robots increase the accuracy of surgeons while reducing the risk to the patients. For instance, heart bypass surgery requires the patient's chest to be opened by making a long incision. The surgeon first cuts through skin, then tissue and muscle, then fascia, and then reaches the heart. However, through non-invasive surgical robots it becomes easy to perform critical surgeries with minimal incision and high accuracy. Surgical robots have several advantages such as decrease in post-operative pain, reduced risk of infection, and less blood loss. They provide effective representations of body parts and increase dexterity which aid the surgeons while working on inaccessible body parts. They also offer shorter recovery time and leave lesser scars as compared to the traditional open surgery.

With the rising incidence rate of chronic diseases and due to continuous technological advancements in medical surgeries, the demand for minimally invasive surgeries and miniature robotics is growing. As per the current scenario, the high costs of robotic systems hinder the adoption of surgical robotics systems among the hospital and ambulatory surgical centers. However, with technological innovation and increasing demand for low cost surgical systems from end users, the price is likely to decrease during the forecast period.

Furthermore, the lack of clinical evidences on the efficacy of surgical robotic systems serves as a challenge for the market players to get regulatory approvals and clearance. However, newly established players are putting efforts to get necessary regulatory clearance to enter into the market and bring in clinical evidence in order to increase the adoption rate of surgical systems in the near future.

Rising incidences of colorectal cancer, neurological disorders, interventional cardiology disorders and gynecological diseases, growing geriatric population, and active participation of the government and the industry players in the technological advancement in the field of computer assisted robotic surgeries have boosted the overall growth of this market.

Another factor responsible for sustainable growth of the market is the recurring revenue model. In recurring revenue business model, the vendor makes money first through one-time sale of the robotic system and then generates recurring revenue from the sale of equipment and accessory products and maintenance services used in the robotic system.

Some of the equipment and accessories of the robotic systems are required to be changed for each surgery. Consequently, the surgical robotics market has attracted considerable attention of the end-users and several new players have emerged in the market space.

The key players in the global surgical robotics market are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics, MedRobotics, TransEnterix and Hansen Medical, among others.

The following key questions have been addressed in the report:

• What are the major market drivers, challenges and opportunities of the global surgical robotics market?
• How did the minimally invasive robot assistive surgical procedures evolve and what is its scope in the future?
• What were the market shares by value of the leading segments and sub-segments of the global surgical robotics market in 2017 and what will be the shares in 2025?
• What were the market shares by volume of the leading segments and sub-segments of the global surgical robotics market in 2017 and what will be the shares in 2025?
• How will each of the segments of the global surgical robotics market by value grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2025?
• How will each of the segments of the global surgical robotics market by volume grow during the forecast period and what will be the installation volume or procedural volume respectively by each of the segment by the end of 2025?
• How did the market share of the leading companies change in 2016 and which country will lead the market in 2017?
• How will the surgical robotics industry evolve during the forecast period 2018-2025?
• What are the key developments and strategies implemented by the key players to stand out in this market?
• Which product, application and end-user will dominate the global surgical robotics market by the end of the forecast period and which one is growing at the highest CAGR during the forecast period 2018-2025?
• What will be the growth rate of different segments during the forecast period? Which is the leading segment by product, imaging modality, application, and end-user?
• Who are the key players in the global surgical robotics market?
• Which region will lead the global surgical robotics market in revenue generation through the forecast period?
• Which region will lead the global surgical robotics market in surgical systems installation volume throughout the forecast period?
• Which country will be growing at the highest CAGR during the forecast period?
  

Key Topics Covered:

Executive Summary

1 Market Overview
1.1 Market Trends
1.2 Recent Market Developments
1.3 Evolution of Surgical Robotic Technology
1.4 Patient Compliances and End User Perception
1.5 Growth In Surgical Robotics Market
1.6 Growth in Conventional MIS
1.7 Adoption of Robotic Surgical Procedures
1.8 Market Participant Growth
1.9 Growing Opportunities in Surgical Robotics Market
1.10 Opportunity Mapping

2 Market Dynamics
2.1 Market Dynamics
2.2 Impact Analysis of Market Dynamics and Restraints
2.3 Market Drivers
2.4 Market Restraints
2.5 Market Opportunities

3 Competitive Insights
3.1 Key Developments and Strategies
3.2 Product Launches
3.3 Approvals and Certifications
3.4 Collaboration, Partnerships, and Joint Ventures
3.5 Business Contracts and Funding
3.6 Mergers and Acquisitions
3.7 Legal Requirements and Regulations
3.8 Industry Attractiveness
3.9 Market Share Analysis
3.10 Value Chain Analysis

4 Industry Analysis
4.1 Patent Analysis
4.2 Consortiums, Associations, and Regulatory Bodies

5 Global Surgical Robotics Market (by Product)
5.1 Overview
5.2 Surgical Systems
5.2.1 Recent Developments
5.3 Instruments and Accessories
5.4 Service and Maintenance

6 Global Surgical Robotics Market (by Application)
6.1 Overview
6.2 General Surgery
6.3 Cardiology
6.4 Gynecological Surgery
6.5 Orthopedics Surgery
6.6 Urological Surgery
6.7 Head and Neck (Including Neurology)

7 Global Surgical Robotics Market (by End User)
7.1 Overview
7.2 Hospitals
7.3 Ambulatory Surgical Centers (ASCs)
7.4 Others

8 Global Surgical Robotics Market (by Region)
8.1 Overview
8.1.1 Analysis
8.2 North America
8.2.1 The U.S.
8.2.2 Canada
8.2.3 Key Consortiums/Associations in Surgical Robotics in North America
8.2.4 North America - Key Recent Developments
8.3 Europe
8.3.1 Europe (by Country)
8.3.2 Germany
8.3.3 The U.K.
8.3.4 France
8.3.5 Italy
8.3.6 Spain
8.3.7 The Netherlands
8.3.8 Belgium
8.3.9 Europe - Key Recent Developments
8.4 Asia-Pacific
8.4.1 Asia-Pacific (by Country)
8.4.2 Japan
8.4.3 China
8.4.4 Australia
8.4.5 South Korea
8.4.6 India
8.4.7 Taiwan
8.5 Latin America
8.5.1 Latin America (by Country)
8.5.2 Brazil
8.5.3 Mexico
8.6 Rest-of-the-World
8.6.1 Israel
8.6.2 Qatar
8.6.3 Kingdom of Saudi Arabia
8.6.4 Recent Developments

9 Company Profiles

• Accuray, Inc.
• Applied Dexterity, Inc.
• Cambridge Medical Robotics Ltd.
• Corindus Vascular Robotics, Inc.
• Dexterit Surgical SARL
• Endomaster Pte Ltd
• Hansen Medical, Inc.
• Honeybee Robotics Ltd.
• Intuitive Surgical, Inc.
• Mazor Robotics Ltd.
• Medrobotics Corporation
• Medtech SA
• Medtronic Plc.
• MicroSure
• Mimic Technologies, Inc.
• Preceyes B.V.
• Renishaw Plc.
• SRI International, Inc.
• Smith & Nephew Plc.
• Stryker Corporation
• Synaptive Medical, Inc.
• Think Surgical, Inc.
• Titan Medical, Inc.
• TransEnterix, Inc.
• Verb Surgical, Inc.
• Virtual Incision Corporation

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