Market Overview
Global Robotic Surgery Market
The demand for quicker recovery times and decreased pain and discomfort has increased the market for robotic surgery globally during the past few years. The market for global robotic surgery expanded at a healthy rate between 2011 and 2016 due to the growing popularity of minimally invasive procedures. The market expanded throughout the relevant period primarily as a result of rising da Vinci system sales globally and surgical procedures carried out by them. The number of da Vinci systems installed increased from 2012 to 2017, whereas the number of surgeries performed decreased from 2012 to 2017. The commercial debut of a number of new systems in the US, Europe, and other regions also contributed to the market expansion.
Report Analysis
According to the research report, “Global Robotic Surgery Market by Region (North America, Europe, Asia Pacific, and RoW), by Product Type (Surgical Robot System, Instruments, Accessories, and Services) – Outlook to 2022” states that the rise in chronic illness incidence, the expansion of minimally invasive surgery (MIS), and the increase in the number of surgical robots receiving regulatory approval are the main factors propelling the growth of the robotic surgery market.
The global robotic surgery market on the basis of Product Type incorporates Surgical Robot Systems, Instruments & Accessories, and Services. Among these product types, Robotic systems can be used with the assistance of instruments and accessories like sterile drapes, light guides, and camera heads, all of which must be replaced after each surgery. Due to the increasing number of robot-assisted operations performed worldwide in 2016, instruments and accessories were the market segment that generated the most revenue. Because of the rising use of surgical robots in hospitals and their high cost, robotic surgery systems accounted for a sizeable portion of the market in terms of revenue in 2017. All surgical robots needed routine maintenance to carry out procedures with the utmost precision. However, in the overall global robotic surgery industry in 2017, services brought in the least money.
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Compared to other fields of application, gynaecology was the one where robotic system were employed for surgery the most. In 2017, the global market for robotic surgery had a large % of the market share accounted for by gynecology. It has a high use rate because surgical robots are more effective than traditional procedures, recover more quickly, cause less bleeding, and have a solid track record. It was the medical procedure that used the most surgical robots, with a high percentage, followed by general surgery, urology, orthopedics, neurology, and all other surgical procedures (Transoral surgery, radiology surgery, hair transplants, and many more).
Regional Analysis
In view of regions, the Global Robotic Surgery Market is categorized into North America, Europe, Asia Pacific, and the RoW. In terms of revenue from the Global Robotic Surgery Market, North America had the largest market share in 2016. Due to this, it is also anticipated that North America will grow during the forecasted period. When compared to other parts of the world, this was mostly due to the high standards of the healthcare infrastructure, high patient awareness levels, and substantial healthcare expenditures by consumers and the government. Due to the widespread use of robotic surgery equipment in the US, over a huge % of North American income was attributable to this. Only in the US were da Vinci systems installed out of the total installed worldwide. Europe, Asia-Pacific, and the rest of the world (RoW) followed North America in terms of market share.
Future Outlook
In the forthcoming years, the market is anticipated to expand as a result of technological advancements such as the capsule robot system, software/applications, and imaging system, as well as an expanding elderly population and rising per-person healthcare costs. At least surgical robots are anticipated to be commercially introduced in the US and European markets during the forecasted period. For particular soft tissue surgeries, around of them are also anticipated to be introduced as direct competitors to the da Vinci system. Throughout the years 2017 to 2022, the market for robotic surgery is anticipated to expand highly.
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Global Robotic Surgery Market Analysis
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