Market Overview:
The global medical robotics and computer-assisted surgery 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 medical robotics and computer-assisted surgery, and rising prevalence of chronic diseases. By type, the da Vinci SI segment is expected to account for the largest share of the global medical robotics and computer-assisted surgery market in 2018. By application, hepatobiliary and pancreatic surgery is expected to account for the largest share of the global medical robotics and computer-assisted surgery market in 2018. Geographically, North America is estimated to dominate the global medical robotics and computer-assisted surgery market in 2018 followed by Europe.
Product Definition:
Robotic surgery is the use of robotic technology to assist surgeons in performing surgical procedures. Computer-assisted surgery (CAS) is a type of robotic surgery that uses computers to help surgeons plan and execute surgeries.
DaVinci SI:
The DaVinci SI (Superior Intraoperative Performance) is a computer-aided surgical system that enables surgeons to perform complex surgical interventions with high precision and speed. It was developed by the U.S.-based company, Abbot Laboratories Inc., in collaboration with the University of California at Los Angeles (UCLA). The product’s development was funded under a research contract by the National Institutes of Health (NIH).
DaVinci XI:
DaVinci XI is the trade name for a computer-aided surgical system developed by Intuitive Surgical Inc. It is an automated, robotic-assisted surgery platform that helps in performing laparoscopic procedures with preoperative planning and assistance of the surgeon at a central console. DaVinci XI has been approved by the U.S Food and Drug Administration (FDA) for use in hospitals as well as ambulatory surgical centers/clinics.
Application Insights:
The global medical robotics and computer-assisted surgery market by application is segmented into general surgery, cardiovascular & thoracic surgery, hepatobiliary and pancreatic surgeries, urology, gastrointestinal (gastrointestinal) surgeries, and others. The general surgery segment dominated the overall market in terms of revenue share in 2017. This can be attributed to an increase in demand for minimally invasive procedures across various applications such as orthopedics/trauma laparoscopy/ endoscopic procedures along with an increase in the adoption of robots for complex surgical tasks such as tumor removal or ablation.
The gastrointestinal (gastrointestinal) surgeries segment is expected to grow at a significant rate during the forecast period owing to increasing demand for minimally invasive techniques that help reduce hospital stay duration along with complications associated with traditional open surgical methods.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing R&D investments and favorable reimbursement policies. In addition, growing adoption of robot-assisted surgeries for complex procedures and rising healthcare expenditure are also contributing toward regional growth.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure, economic development, and rising patient awareness regarding CABG surgery benefits offered by robots as comparedto other conventional methods such as open heart surgery or coronary bypass grafting procedure performed by human surgeons. Moreover, increasing medical tourism especially among low-income countries will boost revenue generation from international markets over the coming years (CAGR of XX% per annum).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical robotics and computer-assisted surgery market is expected to grow at a CAGR of over 12% during the forecast period. This is primarily owing to the increasing demand for minimally invasive surgeries, which are less traumatic and result in shorter hospital stays.
- Growing number of surgical procedures: The number of surgical procedures being performed across the globe is increasing rapidly, thereby driving the demand for medical robotics and computer-assisted surgery systems. In addition, technological advancements in these systems are also aiding their adoption in various new applications such as neurosurgery and cardiology, thus boosting market growth.
- Rising healthcare expenditure: Healthcare expenditure is on the rise globally due to factors such as aging population, increase in chronic diseases, rising awareness about health benefits etc., This is resulting in an increased allocation of funds towards procurement of medical devices including robots used for surgeries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Robotics and Computer-Assisted Surgery Market Research Report
By Type
DaVinci SI, DaVinci XI
By Application
Hepatobiliary and pancreatic Surgery, Urology, Gastrointestinal Surgery, Thoracic Surgery
By Companies
Intuitive Surgical, Simulated Surgical Systems, LLC, Mimic Technologies, Simbionix, VirtaMed AG, Mazor Robotics, Verb Surgical, Auris Surgical Robotics, Medrobotics, Restoration Robotics, Virtual Incision, THINK Surgical, Medtech S.A, TransEnterix, Titan Medical, AVRA Medical Robotics
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Medical Robotics and Computer-Assisted Surgery Market Report Segments:
The global Medical Robotics and Computer-Assisted Surgery market is segmented on the basis of:
Types
DaVinci SI, DaVinci XI
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
Hepatobiliary and pancreatic Surgery, Urology, Gastrointestinal Surgery, Thoracic Surgery
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
- Simulated Surgical Systems, LLC
- Mimic Technologies
- Simbionix
- VirtaMed AG
- Mazor Robotics
- Verb Surgical
- Auris Surgical Robotics
- Medrobotics
- Restoration Robotics
- Virtual Incision
- THINK Surgical
- Medtech S.A
- TransEnterix
- Titan Medical
- AVRA Medical Robotics
Highlights of The Medical Robotics and Computer-Assisted Surgery 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:
- DaVinci SI
- DaVinci XI
- By Application:
- Hepatobiliary and pancreatic Surgery
- Urology
- Gastrointestinal Surgery
- Thoracic Surgery
- 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 Medical Robotics and Computer-Assisted Surgery 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?
Medical Robotics and Computer-Assisted Surgery (MRCAS) is a technology that uses robotics to assist in surgical procedures. Robotics can be used for tasks such as positioning patients, guiding instruments, and providing support during surgery. MRCAS can also help surgeons make more precise cuts and remove tumors more easily.
Some of the key players operating in the medical robotics and computer-assisted surgery market are Intuitive Surgical, Simulated Surgical Systems, LLC, Mimic Technologies, Simbionix, VirtaMed AG, Mazor Robotics, Verb Surgical, Auris Surgical Robotics, Medrobotics, Restoration Robotics, Virtual Incision, THINK Surgical, Medtech S.A, TransEnterix, Titan Medical, AVRA Medical Robotics.
The medical robotics and computer-assisted surgery market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Robotics and Computer-Assisted Surgery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Robotics and Computer-Assisted Surgery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Robotics and Computer-Assisted Surgery Market - Supply Chain
4.5. Global Medical Robotics and Computer-Assisted Surgery Market Forecast
4.5.1. Medical Robotics and Computer-Assisted Surgery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Robotics and Computer-Assisted Surgery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Robotics and Computer-Assisted Surgery Market Absolute $ Opportunity
5. Global Medical Robotics and Computer-Assisted Surgery Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Type
5.3.1. DaVinci SI
5.3.2. DaVinci XI
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Robotics and Computer-Assisted Surgery Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Application
6.3.1. Hepatobiliary and pancreatic Surgery
6.3.2. Urology
6.3.3. Gastrointestinal Surgery
6.3.4. Thoracic Surgery
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Robotics and Computer-Assisted Surgery Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Robotics and Computer-Assisted Surgery Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Robotics and Computer-Assisted Surgery Demand Share Forecast, 2019-2026
9. North America Medical Robotics and Computer-Assisted Surgery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Application
9.4.1. Hepatobiliary and pancreatic Surgery
9.4.2. Urology
9.4.3. Gastrointestinal Surgery
9.4.4. Thoracic Surgery
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Type
9.7.1. DaVinci SI
9.7.2. DaVinci XI
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Robotics and Computer-Assisted Surgery Demand Share Forecast, 2019-2026
10. Latin America Medical Robotics and Computer-Assisted Surgery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Application
10.4.1. Hepatobiliary and pancreatic Surgery
10.4.2. Urology
10.4.3. Gastrointestinal Surgery
10.4.4. Thoracic Surgery
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Type
10.7.1. DaVinci SI
10.7.2. DaVinci XI
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Robotics and Computer-Assisted Surgery Demand Share Forecast, 2019-2026
11. Europe Medical Robotics and Computer-Assisted Surgery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Application
11.4.1. Hepatobiliary and pancreatic Surgery
11.4.2. Urology
11.4.3. Gastrointestinal Surgery
11.4.4. Thoracic Surgery
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Robotic and Computer-Assisted Surgery Market Size and Volume Forecast by Type
11.7.1. DaVinci SI
11.7.2. DaVinci XI
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Robotics and Computer-Assisted Surgery Demand Share, 2019-2026
12. Asia Pacific Medical Robotics and Computer-Assisted Surgery Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Application
12.4.1. Hepatobiliary and pancreatic Surgery
12.4.2. Urology
12.4.3. Gastrointestinal Surgery
12.4.4. Thoracic Surgery
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Type
12.7.1. DaVinci SI
12.7.2. DaVinci XI
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Robotics and Computer-Assisted Surgery Demand Share, 2019-2026
13. Middle East & Africa Medical Robotics and Computer-Assisted Surgery Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Robotics and Computer-Assisted Surgery Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Application
13.4.1. Hepatobiliary and pancreatic Surgery
13.4.2. Urology
13.4.3. Gastrointestinal Surgery
13.4.4. Thoracic Surgery
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Robotics and Computer-Assisted Surgery Market Size and Volume Forecast by Type
13.7.1. DaVinci SI
13.7.2. DaVinci XI
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Robotics and Computer-Assisted Surgery Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Robotics and Computer-Assisted Surgery Market: Market Share Analysis
14.2. Medical Robotics and Computer-Assisted Surgery Distributors and Customers
14.3. Medical Robotics and Computer-Assisted Surgery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Intuitive Surgical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Simulated Surgical Systems, LLC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mimic Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Simbionix
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. VirtaMed AG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mazor Robotics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Verb Surgical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Auris Surgical Robotics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Medrobotics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Restoration Robotics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Virtual Incision
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. THINK Surgical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Medtech S.A
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TransEnterix
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Titan Medical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. AVRA Medical Robotics
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
