DUBLIN--(BUSINESS WIRE)--The "Surgical Robots Market Size, Share & Trends Analysis Report By Application (Orthopedics, Neurology, Urology, Gynecology, Others), By Region (North America, Europe, Asia Pacific, Latin America, MEA) And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global surgical robots market is expected to reach USD 8.24 billion by 2025, growing at a CAGR of 22.3% over the forecast period, according to this report.
Advances in medical imaging, increase in surgeon/patient acceptance for laparoscopic and robotic procedures, increasing number of patients suffering with tumors, spine disorders, lung cancer and others are expected to drive the adoption of surgical robots over the forecast period. However, limited adoption rate of surgical robots in developing/underdeveloped economies due to untrained doctors, limited spending on healthcare infrastructure may hinder the market growth.
On the basis of application, the market is classified into orthopedics, neurology, urology, gynecology and others. The other segments includes oral surgeries, thoracic surgeries, and general laparoscopic surgeries.
The other application segment dominated the market in 2018, with a revenue of USD 748.5 million and is also expected to grow at the fastest rate over the forecast period. This is owing to a large number of general laparoscopic surgeries being conducted and increasing number of medical approvals for treatment of new medical conditions.
North America dominated the surgical robots market with a revenue of USD 1.03 billion in 2018, owing to the presence of leading manufacturers such as Stryker Corporation, Medtronic, Intuitive Surgical and others in the region.
Moreover, increasing approval by the FDA for new robotic systems has led to the rise in the number companies in the market which has increased the competition in the region. On the other hand, the region is also anticipated to witness fastest growth during the forecast period, as large number of hospitals are becoming the adopters of this technology.
Further Key Findings:
- North America dominated the market in 2018 with a revenue of USD 1.03 billion, owing to factors such as presence of major manufacturers in the region, growing investments and high healthcare expenditure
- The others segment dominated the market in 2018, owing to a high prevalence of general and laparoscopic surgeries, and increasing approval for treatment of new medical conditions.
- Some of the key players operating in this space are Intuitive Surgical, Stryker Corporation, Medtronic, Smith & Nephew and others
Key Topics Covered:
1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR's Internal Database
1.3.3 Secondary Sources & Third Party perspectives
1.3.4 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
2 Executive Summary
2.1 Surgical Robots Market Outlook, By Revenue (USD Million)
3 Surgical Robots Market Variables, Trends and Scope
3.1 Market Lineage Outlook
3.1.1 Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Product Pipeline Analysis, by Stage
3.4 Regulatory Sceneario
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.2 Market Restraint Analysis
3.5.3 Industry Challenges
3.6 Surgical Robots Market Analysis Tools
3.6.1 Industry Analysis - Porter's
126.96.36.199 Supplier Power
188.8.131.52 Buyer Power
184.108.40.206 Substitution Threat
220.127.116.11 New Entrants Threat
18.104.22.168 Competitive Rivalry
3.6.2 PESTEL Analysis
22.214.171.124 Political Landscape
126.96.36.199 Economic Landscape
188.8.131.52 Social Landscape
184.108.40.206 Technology Landscape
3.6.3 Major Deals and Strategic Alliances Analysis
4 Surgical Robots Market: Application Estimates & Trend Analysis
4.1 Definitions & Scope
4.2 Surgical Robots Market Share by Application, 2018 & 2025
4.3 Segment Dashboard
5 Surgical Robots Market: Regional Estimates & Trend Analysis, by Product
5.1 Regional Market Snapshot
5.2.1 North America
5.2.3 Asia Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa (MEA)
220.127.116.11 South Africa
6 Competitive Landscape
6.1 Company Profiles
6.1.1 Intuitive Surgical
18.104.22.168 Company Overview
22.214.171.124 Financial Performance
126.96.36.199 Product Benchmarking
188.8.131.52 Strategic Initiatives
6.1.3 TransEnterix Surgical, Inc.
6.1.4 Renishaw plc.
6.1.5 THINK Surgical, Inc.
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