Global Surgical Robotics and Computer-assisted Surgery Market – Market Estimation, 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 the 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.
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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
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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.
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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
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