Market Overview:
The global robotic assisted surgical system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The increasing demand for minimally invasive surgeries, technological advancements in robotic assisted surgical systems, and rising number of hospitals and clinics are some of the major factors driving the growth of this market. Based on type, the global robotic assisted surgical system market can be segmented into laparoscopy, orthopedics, and others. Laparoscopy is expected to account for the largest share of this market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period from 2018 to 2030. The increasing demand for minimally invasive surgeries using laparoscopic techniques is contributing to the growth of this segment. Based on application, the global robotic assisted surgical system market can be divided into open surgery and minimal invasive surgery (MIS). MIS is expected to account for a larger share than open surgery in 2018.
Product Definition:
A robotic assisted surgical system (RASS) is a medical device that uses robotics to aid in the performance of surgery. The robot consists of a surgeon's console, which is connected to three robotic arms, each with its own tools.The robot gives the surgeon greater dexterity and control than is possible with manual surgery. This allows for more complex procedures to be performed with greater accuracy and safety.
Laparoscopy:
Laparoscopy is a minimally invasive surgical procedure used to diagnose and treat diseases, injuries, and other medical conditions. It's major application includes operations for GI (gastrointestinal), urology, ophthalmology, gynecology & obstetrics related problems.
Orthopedics:
Orthopedics is a branch of medicine dealing with the musculoskeletal system. The orthopedic devices are used to treat and prevent bone diseases, fractures, and dislocations. Orthopedic surgeries are mainly performed to correct deformities in bones caused due to trauma or genetic conditions like osteogenesis imperfecta (Osteodegenerative Bone Disease).
Application Insights:
The others segment dominated the robotic assisted surgical system market in 2017 and is expected to grow at a CAGR of XX% over the forecast period owing to its higher cost than other types of surgeries. The open surgery segment is estimated to be the fastest growing application over the next six years owing to increasing incidences of trauma cases that require urgent surgical procedures.
Minimal invasive surgeries are generally considered as an alternative for patients who cannot undergo general anesthesia or need less pain medication during surgery, as these surgeries involve smaller incisions and faster recovery times when compared with traditional surgeries.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing government initiatives, rising healthcare expenditure, and growing awareness about robotic assisted surgery. For instance, in 2014-2015 academic year, Stryker Corporation had offered over USD X million for research on its laparoscopic systems. Moreover, according to a survey conducted by American Society of Anesthesiologists (ASA), nearly 80% of surgeons would consider using robotics during surgeries if they were safer and effective alternatives to conventional surgical tools.
Asia Pacific is expected to grow at the highest CAGR during the forecast period due to factors such as improving healthcare infrastructure & reimbursement scenario in emerging countries like India.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Robotic assisted surgical systems offer a number of advantages over traditional open surgery, including smaller incisions, less pain and blood loss, and shorter hospital stays. This has led to an increase in the demand for robotic assisted surgical systems for both general and specialty surgeries.
- Growing use of robots in healthcare: Robots are increasingly being used in a variety of applications in the healthcare industry, including surgery, patient care and rehabilitation, pharmacy dispensing and laboratory analysis. This is driving growth in the robotic assisted surgical system market as hospitals invest in new technology to improve patient care.
- Advances in robotics technology: The robotics industry is constantly evolving with new advancements being made in areas such as artificial intelligence (AI), machine learning, sensors and motion control technologies. This is resulting in better performing robots that are easier to use which is helping to drive growthin the robotic assisted surgical system market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Robotic Assisted Surgical System Market Research Report
By Type
Laparoscopy, Orthopedics, Others
By Application
Open Surgery, Minimal Invasive
By Companies
Intuitive Surgical, Stryker, Restoration Robotics, Medtech S.A, Mazor Robotics, THINK Surgical, Medrobotics, TransEnterix
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Robotic Assisted Surgical System Market Report Segments:
The global Robotic Assisted Surgical System market is segmented on the basis of:
Types
Laparoscopy, Orthopedics, 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
Open Surgery, Minimal Invasive
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
- Stryker
- Restoration Robotics
- Medtech S.A
- Mazor Robotics
- THINK Surgical
- Medrobotics
- TransEnterix
Highlights of The Robotic Assisted Surgical System 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:
- Laparoscopy
- Orthopedics
- Others
- By Application:
- Open Surgery
- Minimal Invasive
- 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 Robotic Assisted Surgical System 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.
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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 robotic assisted surgical system (RAS) is a surgical technology that uses robots to assist in the performance of surgery. The robots are equipped with sensors and cameras that allow them to navigate around the patient and perform specific tasks, such as cutting or removing tissue. RAS systems are often used in surgeries where precision is important, such as cardiac surgery or neurosurgery.
Some of the key players operating in the robotic assisted surgical system market are Intuitive Surgical, Stryker, Restoration Robotics, Medtech S.A, Mazor Robotics, THINK Surgical, Medrobotics, TransEnterix.
The robotic assisted surgical system market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Robotic Assisted Surgical System 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 Robotic Assisted Surgical System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Robotic Assisted Surgical System 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 Robotic Assisted Surgical System 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 Robotic Assisted Surgical System Market Size & Forecast, 2020-2028
4.5.1 Robotic Assisted Surgical System Market Size and Y-o-Y Growth
4.5.2 Robotic Assisted Surgical System Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Laparoscopy
5.2.2 Orthopedics
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Open Surgery
6.2.2 Minimal Invasive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Robotic Assisted Surgical System 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 Robotic Assisted Surgical System 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Laparoscopy
9.6.2 Orthopedics
9.6.3 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 Market Size Forecast by Applications
9.10.1 Open Surgery
9.10.2 Minimal Invasive
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Laparoscopy
10.6.2 Orthopedics
10.6.3 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 Market Size Forecast by Applications
10.10.1 Open Surgery
10.10.2 Minimal Invasive
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Laparoscopy
11.6.2 Orthopedics
11.6.3 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 Market Size Forecast by Applications
11.10.1 Open Surgery
11.10.2 Minimal Invasive
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Laparoscopy
12.6.2 Orthopedics
12.6.3 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 Market Size Forecast by Applications
12.10.1 Open Surgery
12.10.2 Minimal Invasive
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Laparoscopy
13.6.2 Orthopedics
13.6.3 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) Market Size Forecast by Applications
13.10.1 Open Surgery
13.10.2 Minimal Invasive
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 Robotic Assisted Surgical System Market: Competitive Dashboard
14.2 Global Robotic Assisted Surgical System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intuitive Surgical
14.3.2 Stryker
14.3.3 Restoration Robotics
14.3.4 Medtech S.A
14.3.5 Mazor Robotics
14.3.6 THINK Surgical
14.3.7 Medrobotics
14.3.8 TransEnterix
