Surgical Robots are being increasingly 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 reduced pain.
The Asian surgical robots market is mainly driven by reduced risk of infection and shorter hospital stay. This market was valued at $98.4 million in 2013 and is expected to reach $200.8 million by 2018, at a CAGR of 15.3%.
The report “Asia Surgical Robots Market forecast”, 2008-2018 “analyzes the market of devices by 4 product type da Vinci Surgical System, RIO, Cyberknife, Renaissance. The market is expected to witness a high growth in the forecast period.
The Asian surgical robots market is likely to be driven by Japan’s aging population, the growth in the spinal surgery market in China and the growing Indian economy. Furthermore, government support in Thailand and Korea and the presence of training centers in Singapore are factors that are likely to spur the growth of this market in Asia.
China is the largest market for surgical robots in Asia, followed by Japan and India. The growth of this market will be driven by the growth in installations of robotic systems in large and medium sized hospitals in Asian countries. Over the years, the demand for surgical robots has increased significantly. This is due to paradigm shift in the healthcare industry, where more emphasis is being laid on minimally invasive surgeries through the use of robots. Surgical robots improve the accuracy of procedures and thus reduce the complication rates in surgeries.
The report also provides an extensive competitive landscaping of companies operating in this market. The main companies operating in Asian surgical robots market and extensively covered in this report are Mazor Robotics, Intuitive Surgical and Mako Surgical Corp.
Along with the market data, you can also customize MMM assessments that meet your Company’s specific needs. Customize to get comprehensive industry standards 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 wise and Country wise)
- Comprehensive coverage of Product approvals, Pipeline products and Product recalls
Procedure Volume Data
- Number of surgical robotic procedures performed in each country
- Bilateral and Unilateral robotic procedures performed annually in each Country tracked till sub-segment level
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 virality 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, preference towards surgeries/alternative therapies) and Macroeconomic indicators (Number of Hospitals and diagnostics centers, Home/Ambulatory, reimbursement scenario, procedure rate and healthcare expenditure)
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Asia Surgical Automation
Asian Surgical Automation Market, mainly driven by improved longevity, cost effectiveness, and an evolution that is attributed to the internet, was pegged at $324.8 million in 2013 and expected to be $574.1 million by 2018, growing at a CAGR of 12.1%.
Europe Surgical Automation
European Surgical Automation Market, mainly driven by improved longevity, cost effectiveness, and an evolution that is attributed to the internet, was pegged at $648.0 million in 2013 and expected to be $1028.6 million by 2018, growing at a CAGR of 9.7%.
North America Surgical Automation
The North American surgical automation Market, mainly driven by improved longevity, cost effectiveness, and an evolution that is attributed to the internet, was pegged at $2125.6 million in 2013 and expected to be $3602.6 million by 2018, growing at a CAGR of 11.1%.