Global Surgical Robotics Market is Projected to Grow Over $12.59 Billion by 2025

Tuesday, November 6, 2018 News on IT in Healthcare
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FREMONT, California, November 6, 2018 /PRNewswire/ --

According to a new market intelligence report by BIS Research,

titled "Global Surgical Robotics Market- Analysis and Forecast, 2018-2025", the global surgical robotics market is anticipated to grow over $12.59 billion by the end of 2025, growing at a CAGR of 12.03%
during the forecast period of 2018 - 2025. The rising incidence chronic diseases, increasing geriatric population, growing demand for minimally invasive surgeries and miniature robotics, technological advancements in the field of medical surgeries, and substantial funding provided by various governmental organizations to conduct research & development (R&D) activities in next generation surgical robotic systems are the factors that are expected to fuel the demand for the surgical robotic systems in the near future.

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Browse 73 market Data Tables and 181 Figures spread through 379 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 the surgically treatable conditions. Factors such as lack of infrastructure, insufficient number of trained surgeons and anesthesiologists and the prohibitive costs of receiving care can prevent billions of people, especially in the low and middle-income countries from receiving the care they need. An estimated 143 million additional surgical procedures are needed each year to save lives and prevent disability. The surgical robotic system enables the surgeon to use computer and software technology to control and move surgical instruments through one or more tiny incisions in the patient's body for a variety of surgical procedures.

The growing demand of technologically advanced minimally invasive surgical procedures both from the doctors' and patients' end have given 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 time, reduced therapy requirements, lesser pain, and consequently lesser need of medication for surgical pain or scarring, and negligible complications related to the incisions are some of the additional benefits propelling the adoption of surgical robotic system across hospitals and ambulatory surgical centers.

BIS Research Report:

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 gynecological, urological, orthopedics, and neurological disorders. 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%".

Research Highlights: 

  • Based on the product segment, instruments & accessories accounted for the largest market share in 2017 and is expected to reach $5.84 billion by 2025. This is attributed to the prominent recurring revenue generation business model in the surgical robotics market.
  • Based on the application, gynecology accounted for the largest market share by value in 2017. However, general surgery is expected to be dominant with a revenue generation of $4.22 billion by 2025. Further, orthopedics is anticipated to grow at the highest CAGR of 15.50% during the forecast period, 2018-2025.
  • Based on end-users, hospitals are the most significant consumer of surgical robotic systems and are anticipated grow at the CAGR of 11.66% during the forecast period, 2018-2025.
  • Based on region, North America is currently the largest revenue generator for the surgical robotics market and is expected to reach $4.75 billion by 2025.

Source: BIS Research Analysis 

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 are 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.

Request for a sample:

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 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 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?
  • What are the key developments and strategies implemented by the key players to stand out in this market?
  • 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?

Related Reports: 

Global Minimally Invasive Surgical Systems Market - Analysis and Forecast, 2018-2025

Global Laparoscopy and Endoscopy Devices Market - Analysis and Forecast, 2018-2025

Global Electrosurgical Devices Market - Analysis and Forecast, 2017-2023

About BIS Research:  

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends 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 and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and 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: BIS Research Inc. 39111 PASEO PADRE PKWY STE 313, FREMONT CA 94538-1686

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