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Surgical Robot Market, By Product (Robot Systems, Instrument & Accessories and Services), By Brands, By Application and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

147 Pages | Published Date : 01 / 06 / 18  | Report Code: AV186 | Report Format: PDF

REPORT HIGHLIGHT

The surgical robot market is estimated to represent a global market of USD 4.98 billion by 2017 with growth rate of 16.8%.

Market Dynamics

Robotic systems have been giving helping hands to the surgeons. As per the various research studies, there were more than 4,000 surgical robotic systems scattered across the world’s hospitals and helped surgeons in more than 750,000 operations of uterus, kidney, heart and prostate glands. The global industry for surgical robotics is primarily driven by the growing demand for errorless healthcare services. Surgical robots in healthcare industry offers minimally invasive surgical interventions, less errors in prescriptions, and saves time by multitasking and by reducing human endeavor. In addition, increasing number of organizations are engaged in spreading awareness regarding the benefits of robotic surgeries.

For instance, the Robotic Assisted Microsurgical & Endoscopic Society (RAMSES) is actively involved in development of robotic-assisted microsurgical tools for enhanced patient and surgical outcomes. Other factors such as growing demand for minimally invasive surgeries, increasing number of robotics-certified physicians, and improving healthcare infrastructure in developing regions augment the industry growth to great extent. However, high cost is posing a potential threat for the growth of this industry. Hospitals, companies, and laboratories have to spend very much on robotic system and its disposables as the cost ranges from USD 1 million to USD 2 million. For example, da Vinci’s minimally invasive surgery (which was approved by the U.S. FDA in 2000) cost around USD 2 million. Such high cost would in turn pull back the industry revenue generation, restraining the growth.

Product Takeaway

The product segment is categorized as Robot Systems, Instrument & Accessories and Services. Robotic system accounted for the largest share of the overall market, captured 46.8% share in 2017. This robotic system contributes over 80% share of the cost of complete robotic setup which is considered to be the prime reason for this segment holding substantial share compared to other.

Brand Takeaway

CyberKnife, da Vinci surgical systems, MAKO, and other are different surgical robotic bands studied under the research scope. Among which, da Vinci surgical systems brand captured the highest share and is projected to dominate the global market over the study period. On other side, MAKO robotic arm assisted surgery by Stryker recorded the lowest revenue in 2017. This surgical system helps surgeons with personalized surgical experience in joint replacement surgeries such as total hip, partial knee, and total knee applications. As per the company’s data, more than 125,000 Mako procedures were performed globally, including 16,000 Mako total knee replacement procedures.

Application Takeaway

In terms of application, the market is divided as Gynaecology, Orthopaedic, Urology, Neurosurgery, Cardiovascular, Transplant and others. Gynaecology application recorded the highest revenue in 2017 and is likely to dominate the global market over the study period. In 2017, this segment is projected to capture more than 30% share of the overall industry revenue. On other side, neurosurgery appears to be growing at a strong growth rate owing to the rising number of spinal operations performed globally. As per the National Spinal Cord Injury Association Resource Centre, around 4.83 million spinal cord operations performed every year across the globe. In 2015, about 78 million people suffer from the chronic back pain which shows potential for the more number of robotic surgery during the future period.

Regional Takeaway

Regionally, North America captured the highest share of the total market. In 2017, this region has captured almost 62% share of the overall industry. High growth of this regions is majorly attributed to the favourable government initiatives, availability of various reimbursement schemes and increasing purchasing power of people. On other hand, regions such as Asia Pacific and Latin America is projected to grow with decent growth rate over the forecast period. Huge population base coupled with rising incidences of chronic diseases has helped these regions to grow with significant growth rate in future.

Key Vendor Takeaway

Companies namely Accuray, Stryker Corporation, TransEnterix, Intuitive, and Hocoma are profiled extensively. Among which, Intuitive Surgical emerged as the market leader owing to its advanced technology based surgical robotic portfolio. In the U.S., this company has achieved market saturation in colorectal surgery and has shipped more than 492 da Vinci surgical systems in 2015. Additionally, Stryker and Hocoma accounted for the significant share of the global industry.

A number of companies in the surgical robotics industry are preparing to inject new investments to develop innovative and cost-effective products. For instance, in October 2017, TransEnterix Surgical, Inc. received U.S. FDA approval for the new robotically-assisted surgical device (RASD) named as “Senhance Surgical Robotic System” for laparoscopic, gynecological and colorectal procedures. This system facilitates minimally invasive surgeries with 3D high definition view, advanced eye sensing camera control and backward and forward head movement for zooming purpose. In addition, this system is featured with the haptic force feedback technology that allows the surgeon to effectively feel the tissue stiffness.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Hospitals
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

  • Robot Systems
  • Instrument & Accessories
  • Services

MARKET, BY BRAND

  • CyberKnife
  • da Vinci surgical systems
  • MAKO
  • Other

MARKET, BY APPLICATION

  • Gynecology
  • Orthopedic
  • Urology
  • Neurosurgery
  • Cardiovascular
  • Transplant
  • Others

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America
TABLE OF CONTENT

1. SURGICAL ROBOT MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. SURGICAL ROBOT KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. SURGICAL ROBOT INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. SURGICAL ROBOT MARKET LANDSCAPE
5.1. Market Share Analysis
6. SURGICAL ROBOT MARKET – BY PRODUCT
6.1. Overview
6.2. Robot Systems
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Instrument & Accessories
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Services
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. SURGICAL ROBOT MARKET – BY BRANDS
7.1. Overview
7.2. CyberKnife
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. da Vinci Surgical Systems
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. MAKO
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Other
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. SURGICAL ROBOT MARKET – BY APPLICATION
8.1. Overview
8.2. Gynaecology
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Orthopaedic
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Urology
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5. Neurosurgery
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.6. Cardiovascular
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.7. Transplant
8.7.1. Overview
8.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.8. Others
8.8.1. Overview
8.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. SURGICAL ROBOT MARKET– BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. Overview
9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.2.3. U.S.
9.2.3.1. Overview
9.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.2.4. Canada
9.2.4.1. Overview
9.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.3. Europe
9.3.1. Overview
9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.3.3. France
9.3.3.1. Overview
9.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.3.4. Germany
9.3.4.1. Overview
9.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.3.5. Rest of Europe
9.3.5.1. Overview
9.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.4.3. China
9.4.3.1. Overview
9.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.4.4. India
9.4.4.1. Overview
9.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.4.5. Rest of APAC
9.4.5.1. Overview
9.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.5. Rest of the World
9.5.1. Overview
9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.5.3. Latin America
9.5.3.1. Overview
9.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.5.4. Middle East and Africa
9.5.4.1. Overview
9.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10. KEY VENDOR ANALYSIS
10.1. Accuray
10.1.1. Company Overview
10.1.2. SWOT Analysis
10.1.3. Key Developments
10.2. Stryker Corporation
10.2.1. Company Overview
10.2.2. SWOT Analysis
10.2.3. Key Developments
10.3. TransEnterix
10.3.1. Company Overview
10.3.2. SWOT Analysis
10.3.3. Key Developments
10.4. Intuitive
10.4.1. Company Overview
10.4.2. SWOT Analysis
10.4.3. Key Developments
10.5. Hocoma
10.5.1. Company Overview
10.5.2. SWOT Analysis
10.5.3. Key Developments
*Client can request additional company profiling as per specific requirements
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. Abbreviations
12.3. Disclaimer
12.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Surgical Robot Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Surgical Robot Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Surgical Robot Market, by Brand, 2014 – 2025 (USD Billion)
Table 12 Surgical Robot Market, by Application, 2014 – 2025 (USD Billion)
Table 13 Surgical Robot Market, by Geography, 2014 – 2025 (USD Billion)
Table 14 North America Surgical Robot Market, 2014 – 2025 (USD Billion)
Table 15 U.S. Surgical Robot Market, 2014 – 2025 (USD Billion)
Table 16 Canada Surgical Robot Market, 2014 – 2025 (USD Billion)
Table 17 Europe Surgical Robot Market, 2014 – 2025 (USD Billion)
Table 18 France Surgical Robot Market, 2014 – 2025 (USD Billion)
Table 19 Germany Surgical Robot Market, 2014 – 2025 (USD Billion)
Table 20 Asia Pacific Surgical Robot Market, 2014 – 2025 (USD Billion)
Table 21 China Surgical Robot Market, 2014 – 2025 (USD Billion)
Table 22 India Surgical Robot Market, 2014 – 2025 (USD Billion)
Table 23 Latin America Surgical Robot Market, 2014 – 2025 (USD Billion)
Table 24 MEA Surgical Robot Market, 2014 – 2025 (USD Billion)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Surgical Robot Market, by Product, 2014 – 2025 (USD Billion)
Figure 5 Surgical Robot Market, by Brand, 2014 – 2025 (USD Billion)
Figure 5 Surgical Robot Market, by Application, 2014 – 2025 (USD Billion)
Figure 6 Surgical Robot Market, by Geography, 2014 – 2025 (USD Billion)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• In-depth analysis of the key market dynamics
• Granular analysis of the current market scenario and expected factors to affect the market
• Detailed analysis of the geographic region, regional and county wise analysis
• Highlight on the strategies that are being adopted by the key players in this market to stay competitive
• Extensive analysis of the key players dominating the market

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Once the information is collected, and the forecasts are determined, we provide a clear written analysis of the market conditions. This includes detailed information on market segments regarding market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology upgradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From a research perspective, this information explains and substantiates estimated data finding and forecast which helps us to improve the accuracy of the final report. This helps our clients to make better business decisions as they possess all the market information they require.

Assumptions

  • The report provides the market in terms of USD million/billion at regional as well as country level
  • We have implemented a mixture of top-down and bottom-up approach to estimate the total market and market for an individual segment
  • We reviewed various publications from government and non-government organizations, analyst perspectives for different regions from the paid databases available to us
  • This data helped us extract historical data and market scenario for various countries
  • The total population of respective countries, end users, product demand, local presence of key players, and cost are considered to analyze market revenue
  • Fundamental industry dynamics, demand-supply ratio, and upcoming technological trends are considered for the forecast period.
  • Growth rates are estimated using correlation, regression, and time-series analysis
  • All market estimates and forecasts have been validated through exhaustive primary research with key industry participants and analyst perspectives

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