Market Overview:
The global vascular interventional surgery robot market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of cardiovascular diseases, technological advancements in robotic surgery, and rising demand for minimally invasive surgeries. Based on type, the global vascular interventional surgery robot market can be segmented into image navigation and magnetic navigation systems. The image navigation segment is expected to account for a larger share of the market than the magnetic navigation segment during the forecast period. This can be attributed to factors such as lower cost and easy availability of image-guided robots compared with magnetic-guided robots. Based on application, the global vascular interventional surgery robot market can be divided into four segments: cardiovascular disease, otorhinolaryngology (ENT), oncology department, and obstetrics and gynecology department. The cardiovascular disease segment is expected to account for a major share of this market during the forecast period owing to increasing prevalence of heart diseases across the globe.
Product Definition:
A vascular interventional surgery robot is a medical device used to assist surgeons in the performance of minimally invasive procedures on blood vessels. The robot allows the surgeon to control the surgical instruments with great precision, which can be especially important in delicate procedures such as repairing aneurysms or bypassing blocked arteries.
Image Navigation:
The global image navigation market is expected to witness lucrative growth over the forecast period owing to increasing demand for minimally invasive surgeries, technological advancements in medical imaging and rising prevalence of chronic diseases such as cancer & cardiovascular diseases. Image navigation system allows a surgeon to point a computer monitor at the screen and move it around, thereby allowing the user to view different parts of images captured during an operation.
Magnetic Navigation:
Magnetic navigation is a technique that uses magnetic field for real-time tracking and guidance in medical procedures. This system allows surgeons to view the 3D image of the body during surgery. It also helps them to locate any metallic objects or blood clots within the body without causing any harm to patient’s tissues.
This technology has several benefits such as it reduces risk of errors, provides precise results, and ensures minimum damage to patients during surgeries.
Application Insights:
The cardiovascular disease (CVD) segment dominated the global market in 2017. This can be attributed to the increasing prevalence of target diseases such as heart attack, stroke and blood vessel disorders. According to a study published by NCBI in 2018, it is estimated that around 1 of 3 deaths occur due to CVDs globally. Moreover, another study states that out of all deaths caused by CVDs only 10% are actual Cardiovascular Surgery (CVS) procedures while 90% are due to associated conditions like heart attack or stroke before the surgery is performed. These statistics indicate a high unmet medical need for effective treatment options for these patients which will drive demand over the forecast period.
Otorhinolaryngology department accounted for 9th position in terms of revenue share in 2017 owing to an increase number of Endoscopic Vascular Interventions (EVID).
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing prevalence of cardiovascular diseases, growing geriatric population, and technological advancements. The U.S., which is at the forefront of this regional market, holds a dominant share due to high healthcare expenditure and favorable reimbursement policies for innovations in medicine. Moreover, an increase in research & development activities by major players is expected to drive growth during the forecast period.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions and rising disposable income levels that enable people access better health services including interventional procedures using robots rather than undergoing surgeries through traditional methods at home or hospitals; thus positively influencing overall demand for robots used for vascular interventions across this region during 2018-2030 periods.
Growth Factors:
- Increasing incidence of cardiovascular diseases: The global prevalence of cardiovascular diseases is increasing at an alarming rate. This is primarily due to the changing lifestyle and dietary habits of people across the world. According to a study by the World Health Organization, an estimated 17.5 million people died from CVDs in 2012, making them the leading cause of death worldwide. The number is expected to reach 23 million by 2030. This will create a large pool of patients who will require vascular intervention procedures, thereby providing a major growth driver for the vascular interventional surgery robot market
- Technological advancements: Robotics technology has been rapidly evolving over the past few years with newer and more advanced systems being developed every day. This has led to increased adoption of robots in various surgical procedures including vascular interventions surgeries. With continuous technological advancements, we can expect even better and more efficient robots being developed for use in these surgeries, thereby propelling market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Vascular Interventional Surgery Robot Market Research Report
By Type
Image Navigation, Magnetic Navigation
By Application
Cardiovascular Disease, Otorhinolaryngology, Oncology Department, Obstetrics and Gynecology Department
By Companies
Robocath, MicroPort, Capture Vascular Inc, Auris Health Inc, Stereotaxis, Corindus Vascular Robotics Inc, Magnetecs Corporation, Beijing Institute of Technology
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Vascular Interventional Surgery Robot Market Report Segments:
The global Vascular Interventional Surgery Robot market is segmented on the basis of:
Types
Image Navigation, Magnetic Navigation
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
Cardiovascular Disease, Otorhinolaryngology, Oncology Department, Obstetrics and Gynecology Department
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:
- Robocath
- MicroPort
- Capture Vascular Inc
- Auris Health Inc
- Stereotaxis
- Corindus Vascular Robotics Inc
- Magnetecs Corporation
- Beijing Institute of Technology
Highlights of The Vascular Interventional 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:
- Image Navigation
- Magnetic Navigation
- By Application:
- Cardiovascular Disease
- Otorhinolaryngology
- Oncology Department
- Obstetrics and Gynecology Department
- 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 Vascular Interventional 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.
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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 vascular interventional surgery robot is a medical device that helps surgeons perform minimally invasive surgeries. These robots are equipped with sensors and cameras that allow them to navigate through tight spaces, making them ideal for procedures such as angioplasty and stenting.
Some of the major players in the vascular interventional surgery robot market are Robocath, MicroPort, Capture Vascular Inc, Auris Health Inc, Stereotaxis, Corindus Vascular Robotics Inc, Magnetecs Corporation, Beijing Institute of Technology.
The vascular interventional surgery robot 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 Vascular Interventional 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 Vascular Interventional Surgery Robot Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vascular Interventional 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 Vascular Interventional 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 Vascular Interventional Surgery Robot Market Size & Forecast, 2020-2028
4.5.1 Vascular Interventional Surgery Robot Market Size and Y-o-Y Growth
4.5.2 Vascular Interventional Surgery Robot 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 Image Navigation
5.2.2 Magnetic Navigation
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 Cardiovascular Disease
6.2.2 Otorhinolaryngology
6.2.3 Oncology Department
6.2.4 Obstetrics and Gynecology Department
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vascular Interventional 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 Vascular Interventional 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 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 Image Navigation
9.6.2 Magnetic Navigation
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 Cardiovascular Disease
9.10.2 Otorhinolaryngology
9.10.3 Oncology Department
9.10.4 Obstetrics and Gynecology Department
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 Image Navigation
10.6.2 Magnetic Navigation
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 Cardiovascular Disease
10.10.2 Otorhinolaryngology
10.10.3 Oncology Department
10.10.4 Obstetrics and Gynecology Department
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 Image Navigation
11.6.2 Magnetic Navigation
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 Cardiovascular Disease
11.10.2 Otorhinolaryngology
11.10.3 Oncology Department
11.10.4 Obstetrics and Gynecology Department
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 Image Navigation
12.6.2 Magnetic Navigation
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 Cardiovascular Disease
12.10.2 Otorhinolaryngology
12.10.3 Oncology Department
12.10.4 Obstetrics and Gynecology Department
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 Image Navigation
13.6.2 Magnetic Navigation
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 Cardiovascular Disease
13.10.2 Otorhinolaryngology
13.10.3 Oncology Department
13.10.4 Obstetrics and Gynecology Department
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 Vascular Interventional Surgery Robot Market: Competitive Dashboard
14.2 Global Vascular Interventional Surgery Robot Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robocath
14.3.2 MicroPort
14.3.3 Capture Vascular Inc
14.3.4 Auris Health Inc
14.3.5 Stereotaxis
14.3.6 Corindus Vascular Robotics Inc
14.3.7 Magnetecs Corporation
14.3.8 Beijing Institute of Technology
