Surgical robots are being rapidly used to perform complicated surgeries such as, radiosurgery, brain surgery, and orthopedic surgery. The use of surgical robots offers various advantages such as high accuracy and precision, reduction in errors rates and operation time, and reducing pain.
The global market of surgical robots is driven by reduced risk of infection and shorter stay in the hospital. It was valued $1,230.41 million in 2013 and is estimated to be $2,244.06 million by 2018, at a CAGR of 12.80%.
The report “Global Surgical Robots Market Forecast, 2008-2018” analyzes the market of devices by the product type which are da Vinci Surgical System, RIO, and CyberKnife. The da Vinci Surgical System commanded the highest market share of 86.9% in 2013 and is expected to reach $1,918.8 million by 2018. The market is expected to witness a high growth rate in the forecast period. This large share can be attributed to the wide usage of the da Vinci Surgical System in minimally invasive surgeries and open heart surgery. Factors such as the rising healthcare costs, technological advancements, and government support in the form of funds and investments, and investments by venture capitalists are further propelling the growth of this market
North America is the largest market of surgical robots market, followed by Europe and Asia. However, the Asian and RoW markets are expected to witness a healthy growth over the next five years.
The report also provides an extensive competitive landscaping of companies operating in surgical robots market. The key players in this market covered in the report are Intuitive Surgical Inc., Given Imaging Ltd., Mako Surgical Corp., Accuray Inc., and Mazor Robotics.
Along with the market data, you can also customize MMM assessments that meet your company’s specific needs. Customize to get comprehensive industry standard and deep-dive analysis of the following parameters:
- Usage pattern (in-depth trend analysis) of products (segment-wise)
- Product matrix which gives a detailed comparison of product portfolio of each company mapped at country and sub-segment level
- End-user adoption rate analysis of the products (segment and country wise)
- Comprehensive coverage of product approvals, pipeline products, and product recalls
Procedure Volume Data
- Bilateral and unilateral robotic procedures performed annually in each country tracked till sub-segment level
- Number of surgical robotic procedures performed in each country
Surgeons/Physicians Perception Analysis
- Fast turn-around analysis of surgeons response to market events and trends
- Surgeons opinion about products from different companies
Brand/Product Perception Matrix
- Comprehensive study of customers perception and behavior through our inbuilt social connect tool checking the virility and tonality of blogs
- Analysis of overall brand usage and familiarity and brand advocacy distribution (detractor/neutral/familiar)
Alternative Products: Impact analysis
MMM’s Healthcare Decision Making Quadrant It is an innovative and useful quadrant for vendors who wish to analyze the potential growth markets based on parameters like Patient dynamics (Patient pool, epidemiology of disease, preference towards surgeries/alternative therapies) and Macroeconomic indicators (Number of Hospitals and diagnostics centers, reimbursement scenario, procedure rate, and healthcare expenditure)
1.1 Analyst Insights
1.2 Market Definitions
1.3 Market Segmentation & Aspects Covered
1.4 Research Methodology
2 Executive Summary
3 Market Overview
4 By Endusers
4.2 Research labs
4.4 Pharmaceutical companies
5 By Types
5.1 Da Vinci
6 By Geographies
6.1 North America
6.4 Rest of World
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Da Vinci and RIO , Cyberknife and
RIO and Da Vinci , Cyberknife and
Cyberknife and Da Vinci , RIO and
Renaissance and Da Vinci , RIO and
Asia Surgical Robots
The Asian surgical Robots Market, mainly driven by reduced risk of infection and shorter hospital stay, was pegged at $98.4 million in 2013 and expected to be $200.8 million by 2018, growing at a CAGR of 15.3%.
Europe Surgical Robots
The European surgical Robots Market, mainly driven by reduced risk of infection and shorter hospital stay, was pegged at $221.5 million in 2013 and expected to be $395.6 million by 2018, growing at a CAGR of 12.3%.
North America Surgical Robots
The North American Surgical Robots Market, mainly driven by reduced risk of infection and shorter hospital stay, was pegged at $885.9 million in 2013 and expected to be $1599.1 million by 2018, growing at a CAGR of 12.5%.