DUBLIN, Feb. 19, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/w9prt5/world_surgical) has announced the addition of the "World Surgical Robotics Market - Opportunities and Forecast, 2014 - 2020" report to their offering.
The world surgical robotic systems market was evaluated at $3.3 billion in 2014, and is estimated to garner $6.4 billion by 2020, registering a CAGR of 10.2% over the forecast period. The gynecology application segment accounted for 28% share of the surgical robotic systems market share in 2014, and is expected to maintain its dominance during the forecast period.
Increase in adoption of advanced robotic surgery over conventional open surgery, growing count of surgical procedures, and rising incidence rates of gynecological, neurological and urological disorders are the major factors boosting the market growth. However, high cost of surgical robotic systems and procedures is the major factor restraining the growth of the market. The surgical robotic procedures market is estimated to grow at a CAGR of 4.9%, thereby, fostering the growth of the surgical robotics market.
In the component segment, systems and accessories jointly accounted for three-fourths of the surgical robotic systems market in 2014, and is forecast to maintain this trend throughout the forecast period. This is mainly attributed to the rising adoption of surgical robotic systems across Tier-1 hospitals and recurrent sales of accessories for these systems. However, system-related services are projected to be the fastest growing segment, owing to growing need for technical systems support, software upgrades, and product parts replacements.
Key Findings:
Companies Mentioned:
Key Topics Covered:
CHAPTER 1 - Introduction
CHAPTER 2 - Executive Summary
CHAPTER 3 - Market Overview
CHAPTER 4 - Market by Component
CHAPTER 5 - Market by Surgery Type
CHAPTER 6 - Market by Geography
CHAPTER 7 - Company Profiles
For more information visit http://www.researchandmarkets.com/research/w9prt5/world_surgical
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SOURCE Research and Markets
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