Market Overview:
The global single port surgical platforms market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and technological advancements in single port surgical platforms. Based on type, the global single port surgical platforms market is segmented into robot/remote controlled assisted and manual-assisted. The robot/remote controlled assisted segment is expected to grow at a higher CAGR than the manual-assisted segment during the forecast period from 2018 to 2030. This can be attributed to the advantages offered by robot/remote controlled assisted surgery over manual-assisted surgery, such as precision and accuracy. Based on application, the global single port surgical platforms market is divided into general surgery, gastroenterology, urological surgery, gynecological surgery and bariatric surgery. The general surgery segment accounted for majority of share of this market in 2017 and is projected to maintain its dominance during the forecast period from 2018 to 2030 owingto rising prevalence of cancer worldwide coupled with increasing number of bariatric surgeries being performed globally .
Product Definition:
A surgical platform is a medical device that provides a stable surface for performing surgery. Single port surgical platforms are specialized platforms that allow surgeons to perform procedures through a single incision. These platforms are important because they reduce the invasiveness of surgery, which can lead to shorter recovery times and fewer complications.
Robot/Remote Controlled Assisted:
Robot/Remote Controlled Assisted (RCA) is a surgical technology that uses robotics and remote control to assist the surgeon. The RCA technology has been used in various fields such as military, automotive, and medical devices. In the past few years, this technology has made its entry into the field of single-port surgical platforms; owing to its advantages such as reduced blood loss during surgery with lesser injuries to patients and surgeons along with faster recovery time for patients.
Manual-Assisted:
The manual-assisted and it’s usage in single port surgical platforms market is expected to witness significant growth over the forecast period. The growing demand for minimally invasive surgeries coupled with technological advancements such as robotic surgery, which can perform complex procedures more efficiently, is driving the market growth.
Manual-assisted devices are used in various applications such as endoscopic cameras, forceps & spatulas, cannula & needle holders and others.
Application Insights:
The general surgery segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to a rise in number of general surgeries, which require single-port procedures. For instance, as per American Society of Plastic Surgeons (ASAPS), out of total 15 million reconstructive procedures performed annually, around 14 million are reconstructive surgeries and rest 300 thousand are aesthetic or minimally invasive procedures. Thus, rising number of general surgeries is expected to boost product demand during the forecast period.
Urological applications accounted for 9% share in terms of revenue in 2017 due to increase in urological conditions that require single-port surgery such as bladder neck stricture or stones embedded in Bladder Cancer (Renal Cell Carcinoma - RCC) and Prostate Cancer (Prostatic Adenocarcinoma - PAC). Thus, an increasing number of urologic conditions is likely to drive product demand over the next few years.
Regional Analysis:
North America dominated the global single port surgical platforms market in 2017. This can be attributed to factors such as increasing R&D investments by key players, rising adoption of technologically advanced products, and high healthcare expenditure in the region. In addition, growing number of minimally invasive surgeries are also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and rising patient awareness regarding various surgical procedures with benefits associated with them. Moreover, economic development coupled with increase in disposable income will boost demand for sophisticated medical devices resulting into increased sales of single port surgical platforms across this region during the forecast period (2018-2030). However, high cost associated with these systems may act as a restraint for regional growth. Furthermore low reimbursement rates for various surgeries performed using these systems are also acting as a restraint factor preventing many patients from opting for SPSS platform surgery till date (2018).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for single port surgical platforms is expected to grow at a CAGR of more than 9% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which are less traumatic and cause less pain and blood loss as compared to traditional open surgery.
- Technological advancements: The development of new technologies in the field of single port surgical platforms is expected to drive the growth of this market during the forecast period. For instance, in January 2017, Intuitive Surgical Inc., launched its da Vinci Xi Surgical System that offers a number of advanced features such as 3D HD visualization and integrated patient-side cart control.
- Rising prevalence of cancer: According to World Health Organization (WHO), cancer is one of the leading causes of death worldwide, accounting for 8 million deaths per year. This is expected to create a high demand for single port surgical platforms over the next few years, as these systems offer an efficient way to perform cancer-related surgeries without causing any damage to surrounding tissues or organs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Single Port Surgical Platforms Market Research Report
By Type
Robot/Remote Controlled Assisted, Manual-Assisted
By Application
General Surgery, Gastroenterology, Urological, Gynecological, Bariatric
By Companies
Medtronic, Applied Medical, Ethicon, Olympus, Novare Surgical Systems, Cambridge Endo, Intutive Surgical, Fortmedix Surgical, Trans Enterix, Medtronic
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Single Port Surgical Platforms Market Report Segments:
The global Single Port Surgical Platforms market is segmented on the basis of:
Types
Robot/Remote Controlled Assisted, Manual-Assisted
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
General Surgery, Gastroenterology, Urological, Gynecological, Bariatric
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:
- Medtronic
- Applied Medical
- Ethicon
- Olympus
- Novare Surgical Systems
- Cambridge Endo
- Intutive Surgical
- Fortmedix Surgical
- Trans Enterix
- Medtronic
Highlights of The Single Port Surgical Platforms 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:
- Robot/Remote Controlled Assisted
- Manual-Assisted
- By Application:
- General Surgery
- Gastroenterology
- Urological
- Gynecological
- Bariatric
- 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 Single Port Surgical Platforms 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 single port surgical platforms are a type of medical device that allow surgeons to perform multiple surgeries at the same time. This is especially beneficial for procedures that require multiple steps, such as surgery on the neck or head.
Some of the major players in the single port surgical platforms market are Medtronic, Applied Medical, Ethicon, Olympus, Novare Surgical Systems, Cambridge Endo, Intutive Surgical, Fortmedix Surgical, Trans Enterix, Medtronic.
The single port surgical platforms market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Single Port Surgical Platforms 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 Single Port Surgical Platforms Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Single Port Surgical Platforms 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 Single Port Surgical Platforms 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 Single Port Surgical Platforms Market Size & Forecast, 2020-2028
4.5.1 Single Port Surgical Platforms Market Size and Y-o-Y Growth
4.5.2 Single Port Surgical Platforms 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 Robot/Remote Controlled Assisted
5.2.2 Manual-Assisted
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 General Surgery
6.2.2 Gastroenterology
6.2.3 Urological
6.2.4 Gynecological
6.2.5 Bariatric
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Single Port Surgical Platforms 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 Single Port Surgical Platforms 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 Robot/Remote Controlled Assisted
9.6.2 Manual-Assisted
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 General Surgery
9.10.2 Gastroenterology
9.10.3 Urological
9.10.4 Gynecological
9.10.5 Bariatric
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 Robot/Remote Controlled Assisted
10.6.2 Manual-Assisted
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 General Surgery
10.10.2 Gastroenterology
10.10.3 Urological
10.10.4 Gynecological
10.10.5 Bariatric
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 Robot/Remote Controlled Assisted
11.6.2 Manual-Assisted
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 General Surgery
11.10.2 Gastroenterology
11.10.3 Urological
11.10.4 Gynecological
11.10.5 Bariatric
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 Robot/Remote Controlled Assisted
12.6.2 Manual-Assisted
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 General Surgery
12.10.2 Gastroenterology
12.10.3 Urological
12.10.4 Gynecological
12.10.5 Bariatric
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 Robot/Remote Controlled Assisted
13.6.2 Manual-Assisted
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 General Surgery
13.10.2 Gastroenterology
13.10.3 Urological
13.10.4 Gynecological
13.10.5 Bariatric
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 Single Port Surgical Platforms Market: Competitive Dashboard
14.2 Global Single Port Surgical Platforms Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Applied Medical
14.3.3 Ethicon
14.3.4 Olympus
14.3.5 Novare Surgical Systems
14.3.6 Cambridge Endo
14.3.7 Intutive Surgical
14.3.8 Fortmedix Surgical
14.3.9 Trans Enterix
14.3.10 Medtronic
