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Surgical Robotics and Computer-assisted Surgery Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global Surgical Robotics and Computer-assisted Surgery Market

 

By Product Type (Devices and Accessories), By Applications (Orthopedic Surgery, Neurosurgery, Urology surgery, General surgery, Gynecology surgery, and Others), By Distribution Channel (Hospitals, Ambulatory surgical centers, and Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2017-2023

 

Global surgical robotics and computer-assisted surgery market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024

 

Market Outline: Surgical Robotics and Computer-assisted Surgery Market

Surgical robotics and computer-assisted surgery is an advanced technology, which is majorly used during highly complicated surgeries. The computer-assisted surgery is also known as the 3D computer surgery or the image guided surgery. It provides high accuracy and visualization which enables the surgeon to carry out the surgical process. It utilizes smart instruments, intuitive software, and infra-red cameras navigators in order to achieve precision. The surgical robotic systems are the devices which enable the surgeon to use the software technology which helps in controlling and moving the surgical instruments.

 

Market Dynamics: Surgical Robotics and Computer-assisted Surgery Market

The technological advancements is the major factor anticipated to drive the growth and development of the surgical robotics and computer-assisted surgery market. The growing patient pool with increasing health complications and growing need for the advanced treatment options is also adding fuel for the growth of the surgical robotics and computer-assisted surgery market. The increasing adoption of the modern innovative techniques by the healthcare fraternity, fast recovery of the patient and the reduced time of stay in the hospital is likely to boost the growth of the surgical robotics and computer-assisted surgery market over the forecast period. However, the high cost involved in the treatment procedure and lack of skilled professionals may hinder the growth of the market.

 

Market Scope: Surgical Robotics and Computer-assisted Surgery Market

Surgical robotics and computer-assisted surgery market is segmented based on the product type, application, and distribution channel

Based on the product type, the market is segmented into the following:

  • Devices
    • Robotics
    • CAS systems
  • Accessories

Based on the application, the market is segmented into the following:

  • Orthopedic surgery
  • Neurosurgery
  • Urology surgery
  • General surgery
  • Gynecology surgery
  • Others

Based on the distribution channel, the market is segmented into the following:

  • Hospitals
  • Ambulatory surgical centers
  • Others

 

Regional Analysis:  Surgical Robotics and Computer-assisted Surgery Market

Geographically, global surgical robotics and computer-assisted surgery market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America surgical robotics and computer-assisted surgery market is the dominant market when compared with that of the other regional markets. The growing advancements in the technology and increasing healthcare expenditure are enhancing the growth of the market in this region. The deep-rooted healthcare infrastructure is also helping the people to opt for the modern techniques which is driving the growth of the market. The Asia Pacific region is expected to grow at significant rate over the forecast period owing to its economic growth and the advances in the technology.

 

Competition Assessment: Surgical Robotics and Computer-assisted Surgery Market

Some of the players in the global surgical robotics and computer-assisted surgery market include:

  • Blue Belt Technologies Ltd (U.S)
  • Think Surgical, Inc. (U.S)
  • Intuitive Surgical, Inc. (U.S)
  • Medtronic (U.S)
  • Mazor Robotics Ltd (Israel)
  • Renishaw plc (UK)
  • Hansen Medical, Inc. (U.S)

 

Notable Market Developments: Surgical Robotics and Computer-assisted Surgery Market

  • In December 2017, THINK Surgical Inc., received CE Mark Approval for the TSolution One Surgical System for Total Knee Arthroplasty

 

Key Features of the Report:

  • The report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)
  • The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
  • Blue Belt Technologies Ltd (U.S)
  • Think Surgical, Inc. (U.S)
  • Intuitive Surgical, Inc. (U.S)
  • Medtronic (U.S)
  • Mazor Robotics Ltd (Israel)
  • Renishaw plc (UK)
  • Hansen Medical, Inc. (U.S)

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