Global Surgical Robotics Market Expected to Grow Over $12.60 Billion by 2025, Reports BIS Research

Tuesday, January 23, 2018 Research News
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EDINA, Minnesota, January 23, 2018 /PRNewswire/ --

According to a new market intelligence report by BIS Research,

titled "Global Surgical Robotics Market- Analysis and Forecast, 2017-2025", the global surgical robotics market is anticipated to grow at a CAGR of 12 % during the forecast period 2017-2025, and expected
to grow over $12.60 billion by 2025. As per the volume data, the surgical system is anticipated to grow at a CAGR of 10% during the forecast period, 2017-2025.

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Rising incidence rate of chronic diseases, increasing geriatric population, growing demand of minimally invasive surgeries and miniature robotics, technological advancements in the field of medical surgeries, and substantial funding provided by various governmental organizations to perform research & development (R&D) activities in next-generation surgical robotic systems are the factors that are expected to fuel the demand for surgical robotic systems in the near future.

Browse 48 market Data Tables and 143 Figures spread through 369 Pages and in-depth TOC on "Global Surgical Robotics Market"

As per the Lancet Commission on Global Surgery, nearly one-third of the global disease burden can be attributed to surgically treatable conditions. Factors such as lack of infrastructure, insufficient numbers of trained surgeons and anesthesiologists, and the prohibitive costs of receiving care prevent billions of people, especially in the low and middle income countries from receiving the necessary care. An estimated 143 million additional surgical procedures are needed each year to save lives and prevent disability. Furthermore, for the developing countries, investing in surgery would save approximately $12.3 trillion in GDP by 2030.

The growing demand for technologically advanced and minimally invasive surgical procedures, both from the doctors' and patient's end, gave rise to the robotic assistive surgeries. Robotic surgery refers to a surgical procedure where surgeons use a computer to control small instruments attached to a robot. Hence, it is also known as computer guided minimally invasive surgery.

The shorter hospitalization times, reduced therapy requirements, less pain, and consequently reduced need for postsurgical pain or scarring medication, and negligible complications related to the incision are some of the additional benefits, which are propelling the adoption rate of surgical robotic systems across various hospitals and ambulatory surgical centers.

According to Abdul Wahid, a lead analyst at BIS Research, "With the advent of technologically advanced surgical robotic systems, the global market is expected to grow substantially to meet the rising needs of healthcare professionals confronting the surgeries of a large pool of patients, especially of the people with gynaecological, urological, orthopaedics, neurological, and orthopaedics disorders. The market for surgical systems by value is expected to grow at the CAGR of 12.3% during the forecast period, 2017-2025. Among all the surgical systems, the da Vinci surgical system accounted for the highest installation volume in 2016 and is anticipated to reach 1,123 installation units in 2025, growing at the CAGR of 8%. Furthermore, the market for da Vinci surgical system by value accounted for the highest market share in 2016 and is expected to grow at a CAGR of 10.9% during the forecast period, 2017-2025."

Research Highlights: 

  • Based on the product segment, instruments & accessories accounted for the largest market share in 2016 and is expected to reach $5.85 billion by 2025. This is attributed to the prominent recurring revenue generation business model in the surgical robotics market.
  • Based on the application, gynaecology accounted for the largest market share by value in 2016. However, general surgery is expected to be dominant with revenue generation of $4.22 billion by 2025. Further, orthopaedics is anticipated to grow at the highest CAGR of 15.5% during the forecast period, 2017-2025.
  • Based on the application, gynaecology accounted for the largest market share by robotic surgical procedural volume in 2016. However, general surgery is expected to be dominant with the robotic surgical procedural volume of 717,550 by 2025.
  • Based on end users, hospitals are the most significant consumer of surgical robotic systems and are anticipated grow at the CAGR of 11.1% during the forecast period, 2017-2025. Based on the end-user, hospitals accounted for the largest market share by robotic surgical system installation volume in 2016 and is anticipated to reach 1,816 units by 2025.
  • Based on geography, North America is currently the largest revenue generator for the surgical robotics market and is expected to reach $6.54 billion by 2025. Further, Latin America and the Asia Pacific are expected to be the fastest growing regions with the CAGR of 14% respectively, during the forecast period 2017-2025.
  • Based on the geography, North America accounted for the largest market share by robotic surgical system installation volume in 2016 and is anticipated to reach robotic surgical system installation volume of 1092 units by 2025.

Request for Sample Report: https://bisresearch.com/requestsample?id=486&type=download

This market intelligence report provides a multidimensional view of the global surgical robotics market in terms of market size and growth potential. This research report aims at answering various aspects of the global surgical robotics market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that is going to shape the future trajectory of the market expansion. The study considers the growth-share matrix model for a comprehensive study of the global surgical robotics market and assesses the factors governing the same.

Furthermore, the competitive landscape chapter in the report explicates the competitive nature of the global market and enables the reader to get acquainted with the recent market activities such as product launches, regulatory clearance, and certifications, partnerships, collaborations, business expansion as well as mergers and acquisitions. The research report provides a comprehensive analysis of product sales, manufacturers and trend analysis by segments and demand by geographical regions.

This report is a meticulous compilation of research on more than 120 players in the market ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 60 leading companies, market participants and vendors. The report also profiles 26 companies including several key players such as Intuitive Surgical Inc., Accuray Inc., Mazor Robotics Ltd., Medrobotics Corporation, Medtech SA, Renishaw plc, Stryker Corporation, Synaptive Medical Inc., Titan Medical Inc., Think Surgical Inc., TransEnterix Inc., and Smith & Nephew plc, among others.

Key questions answered 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 2016 and what will be the respective shares in 2025?
  • What were the market shares by volume of the leading segments and sub-segments of the global surgical robotics market in 2016 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 led the market in 2017?
  • How will the surgical robotics industry evolve during the forecast period 2017-2025?
  • 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 2017-2025?
  • 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?
  • 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?

Related Reports: 

Global Computer Aided Diagnostics Market, Analysis & Forecast, 2017-2025

Global Cancer Imaging Systems Market, Analysis & Forecast, 2017-2025

About BIS Research: 

BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials & Chemicals, Aerospace and Defence, Automotive, Healthcare, Electronics & Semiconductors, Robotics & UAV and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data and other important market parameters useful in the strategic decision making for senior management.

What distinguishes BIS Research from the rest of the players is that we don't simply provide data, but also complement it with valuable insights and actionable inputs for the success of our clients.

Contact: Bhavya Banga Email: media@bisresearch.com BIS Research™ 9100 West Bloomington Freeway, Suite 159, Bloomington, MN 55431

Visit our Blog @ http://bisresearch.com/blog/  Connect with us on LinkedIn @ https://www.linkedin.com/company/3720474  Connect with us on Twitter@ https://twitter.com/BISResearch

SOURCE BIS Research



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