Market Overview:
The global minimally invasive surgery robot market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, technological advancements in surgical robots, and rising healthcare expenditure. Based on type, the global minimally invasive surgery robot market is segmented into spine surgery robot, joint surgery robot, laparoscopic surgery robot, hairline surgery robot, and others. The laparoscopic surgery robots segment is expected to grow at the highest CAGR during the forecast period owing to its growing demand for minimal invasion surgeries across various applications such as cardiothoracic surgeries, gastrointestinal surgeries Orthopedic surgeries,, gynecological surgeries,, cosmetic/bariatric surgerie,.
Product Definition:
A minimally invasive surgery robot is a machine that helps surgeons perform minimally invasive surgeries. These robots can help surgeons be more precise and accurate when performing these surgeries. They can also help minimize the amount of damage done to the surrounding tissue. This can lead to shorter recovery times for patients and less scarring.
Spine Surgery Robot:
The global spine surgery robot market size was valued at USD 6.6 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing geriatric population, which is highly susceptible to degenerative disc disease and spinal cord injuries, coupled with increasing technological advancements in spine surgery robots are some of the major factors driving growth during the forecast period 2017-2022.
Joint Surgery Robot:
The global joint surgery robot and it's usage in minimally invasive surgery market size was valued at USD 6.6 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing prevalence of arthritis, growing geriatric population base, technological advancements such as 3D printing & 4D printing in orthopedics coupled with rising demand for robotic surgeries are some factors driving the growth of this market globally.
Application Insights:
The cardiothoracic surgery segment dominated the global minimally invasive surgery robot market in 2017. Minimally invasive surgeries for heart conditions reduce the risk of infection, blood loss, and complications compared to traditional open surgeries. This is attributed to advanced surgical robots used in these procedures along with advancements made in robotics technology over the years.
Minimally invasive gynecological surgeries have become increasingly popular due to advances made in robotics technology coupled with an increase in women¢â‚¬â„¢s rights across the globe.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing government initiatives, rising prevalence of chronic diseases, and availability of highly skilled surgeons in this region. For instance, as per a study published by National Institutes of Health (NIH), colorectal cancer is the third most commonly diagnosed cancer in both men and women after breast cancer and prostate cancer. In addition, it was found that about 150,000 people die due to colon cancers every year in U.S.
Growth Factors:
- Increasing demand for minimally invasive surgery procedures: The global market for minimally invasive surgery (MIS) is expected to grow at a CAGR of 7.5% from 2016 to 2021. This growth can be attributed to the increasing demand for MIS procedures due to their benefits over traditional open surgeries, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times.
- technological advancements: The development of new technologies has helped drive the growth of the MIS robot market. For instance, recent advancements in robotics have led to the development of robots that are smaller in size and can be used in more complex surgeries. These technological advances are helping make minimally invasive surgery more accessible and affordable, thereby driving its adoption worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Minimally Invasive Surgery Robot Market Research Report
By Type
Spine Surgery Robot, Joint Surgery Robot, Laparoscopic Surgery Robot, Hairline Surgery Robot, Others
By Application
Cardiothoracic Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Gynecological Surgery, Cosmetic/Bariatric Surgery, Others
By Companies
Intuitive Surgical, Mazor Robotics, Medtech S.A, TINA VI Medical Technologies, TransEnterix, Stryker, THINK Surgical, Venus Concept, Medrobotics, Globus Medical, Shenzhen Edge Medical (Jingfeng Medical), CMR Surgical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Minimally Invasive Surgery Robot Market Report Segments:
The global Minimally Invasive Surgery Robot market is segmented on the basis of:
Types
Spine Surgery Robot, Joint Surgery Robot, Laparoscopic Surgery Robot, Hairline Surgery Robot, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cardiothoracic Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Gynecological Surgery, Cosmetic/Bariatric Surgery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intuitive Surgical
- Mazor Robotics
- Medtech S.A
- TINA VI Medical Technologies
- TransEnterix
- Stryker
- THINK Surgical
- Venus Concept
- Medrobotics
- Globus Medical
- Shenzhen Edge Medical (Jingfeng Medical)
- CMR Surgical
Highlights of The Minimally Invasive Surgery Robot Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spine Surgery Robot
- Joint Surgery Robot
- Laparoscopic Surgery Robot
- Hairline Surgery Robot
- Others
- By Application:
- Cardiothoracic Surgery
- Gastrointestinal Surgery
- Orthopedic Surgery
- Gynecological Surgery
- Cosmetic/Bariatric Surgery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Minimally Invasive Surgery Robot Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A minimally invasive surgery robot is a surgical device that helps surgeons perform delicate surgeries without having to go through the traditional open surgery process. This type of robot is typically smaller and more agile than traditional surgical robots, making it easier for surgeons to navigate around the body.
Some of the key players operating in the minimally invasive surgery robot market are Intuitive Surgical, Mazor Robotics, Medtech S.A, TINA VI Medical Technologies, TransEnterix, Stryker, THINK Surgical, Venus Concept, Medrobotics, Globus Medical, Shenzhen Edge Medical (Jingfeng Medical), CMR Surgical.
The minimally invasive surgery robot market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Minimally Invasive Surgery Robot Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Minimally Invasive Surgery Robot Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Minimally Invasive Surgery Robot Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Minimally Invasive Surgery Robot Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Minimally Invasive Surgery Robot Market Size & Forecast, 2018-2028
4.5.1 Minimally Invasive Surgery Robot Market Size and Y-o-Y Growth
4.5.2 Minimally Invasive Surgery Robot Market Absolute $ Opportunity
Chapter 5 Global Minimally Invasive Surgery Robot Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Minimally Invasive Surgery Robot Market Size Forecast by Type
5.2.1 Spine Surgery Robot
5.2.2 Joint Surgery Robot
5.2.3 Laparoscopic Surgery Robot
5.2.4 Hairline Surgery Robot
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Minimally Invasive Surgery Robot Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Minimally Invasive Surgery Robot Market Size Forecast by Applications
6.2.1 Cardiothoracic Surgery
6.2.2 Gastrointestinal Surgery
6.2.3 Orthopedic Surgery
6.2.4 Gynecological Surgery
6.2.5 Cosmetic/Bariatric Surgery
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Minimally Invasive Surgery Robot Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Minimally Invasive Surgery Robot Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Minimally Invasive Surgery Robot Analysis and Forecast
9.1 Introduction
9.2 North America Minimally Invasive Surgery Robot Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Minimally Invasive Surgery Robot Market Size Forecast by Type
9.6.1 Spine Surgery Robot
9.6.2 Joint Surgery Robot
9.6.3 Laparoscopic Surgery Robot
9.6.4 Hairline Surgery Robot
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Minimally Invasive Surgery Robot Market Size Forecast by Applications
9.10.1 Cardiothoracic Surgery
9.10.2 Gastrointestinal Surgery
9.10.3 Orthopedic Surgery
9.10.4 Gynecological Surgery
9.10.5 Cosmetic/Bariatric Surgery
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Minimally Invasive Surgery Robot Analysis and Forecast
10.1 Introduction
10.2 Europe Minimally Invasive Surgery Robot Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Minimally Invasive Surgery Robot Market Size Forecast by Type
10.6.1 Spine Surgery Robot
10.6.2 Joint Surgery Robot
10.6.3 Laparoscopic Surgery Robot
10.6.4 Hairline Surgery Robot
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Minimally Invasive Surgery Robot Market Size Forecast by Applications
10.10.1 Cardiothoracic Surgery
10.10.2 Gastrointestinal Surgery
10.10.3 Orthopedic Surgery
10.10.4 Gynecological Surgery
10.10.5 Cosmetic/Bariatric Surgery
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Minimally Invasive Surgery Robot Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Minimally Invasive Surgery Robot Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Minimally Invasive Surgery Robot Market Size Forecast by Type
11.6.1 Spine Surgery Robot
11.6.2 Joint Surgery Robot
11.6.3 Laparoscopic Surgery Robot
11.6.4 Hairline Surgery Robot
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Minimally Invasive Surgery Robot Market Size Forecast by Applications
11.10.1 Cardiothoracic Surgery
11.10.2 Gastrointestinal Surgery
11.10.3 Orthopedic Surgery
11.10.4 Gynecological Surgery
11.10.5 Cosmetic/Bariatric Surgery
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Minimally Invasive Surgery Robot Analysis and Forecast
12.1 Introduction
12.2 Latin America Minimally Invasive Surgery Robot Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Minimally Invasive Surgery Robot Market Size Forecast by Type
12.6.1 Spine Surgery Robot
12.6.2 Joint Surgery Robot
12.6.3 Laparoscopic Surgery Robot
12.6.4 Hairline Surgery Robot
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Minimally Invasive Surgery Robot Market Size Forecast by Applications
12.10.1 Cardiothoracic Surgery
12.10.2 Gastrointestinal Surgery
12.10.3 Orthopedic Surgery
12.10.4 Gynecological Surgery
12.10.5 Cosmetic/Bariatric Surgery
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Minimally Invasive Surgery Robot Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Minimally Invasive Surgery Robot Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Minimally Invasive Surgery Robot Market Size Forecast by Type
13.6.1 Spine Surgery Robot
13.6.2 Joint Surgery Robot
13.6.3 Laparoscopic Surgery Robot
13.6.4 Hairline Surgery Robot
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Minimally Invasive Surgery Robot Market Size Forecast by Applications
13.10.1 Cardiothoracic Surgery
13.10.2 Gastrointestinal Surgery
13.10.3 Orthopedic Surgery
13.10.4 Gynecological Surgery
13.10.5 Cosmetic/Bariatric Surgery
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Minimally Invasive Surgery Robot Market: Competitive Dashboard
14.2 Global Minimally Invasive Surgery Robot Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intuitive Surgical
14.3.2 Mazor Robotics
14.3.3 Medtech S.A
14.3.4 TINA VI Medical Technologies
14.3.5 TransEnterix
14.3.6 Stryker
14.3.7 THINK Surgical
14.3.8 Venus Concept
14.3.9 Medrobotics
14.3.10 Globus Medical
14.3.11 Shenzhen Edge Medical (Jingfeng Medical)
14.3.12 CMR Surgical
