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 rising healthcare expenditure. The surgical robotics segment is expected to account for the largest share of the global medical robotics and computer-assisted surgery market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period. The rehabilitation robotics segment is projected to grow at the highest CAGR during the forecast period owing to its growing applications in physical therapy and postoperative care. ).
Product Definition:
Medical Robotics and Computer - Assisted Surgery are the use of robots to assist in surgical procedures. The importance of Medical Robotics and Computer - Assisted Surgery is that they can help to improve accuracy, precision, and safety while performing surgery.
Surgical Robotics:
Surgical robotics is a technique that uses robotic devices and computer software to assist or automate surgical procedures. Surgical robotics has gained popularity due to the advent of technologically advanced systems such as Da Vinci System which can perform surgeries with high precision and efficiency.
The global market for surgical robots was valued at over USD 1 billion in 2012.
Rehabilitation Robotics:
Rehabilitation robotics is a set of techniques that enable disabled people to take control over their own bodies. It helps them perform daily activities with the help of robotic devices and software. These devices are used for physical therapy, which helps in restoring movement in patients who have suffered from spinal cord injuries, cerebral palsy or other neurological problems.
Application Insights:
The general surgeries segment dominated the global medical robotics and computer-assisted surgery market in 2017. This can be attributed to the increasing number of general surgeries that require minimally invasive procedures. Minimally invasive surgeries use a combination of robotic devices, surgical robots, and human surgeons to achieve better results with less risk than conventional open surgery does.
According to the National Center for Biotechnology Information (NCBI) in 2018, around 1 million people suffer from spinal disorders every year globally. The rising prevalence of chronic diseases like cardiovascular diseases (CVDs), cancer, diabetes mellitus Type 2 as well as Alzheimer¢â‚¬â„¢s disease is expected to drive demand for minimally invasive procedures over the forecast period.
Medical robotics has played an important role in diagnosing various chronic conditions such as arthritis.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government funding for R&D, growing geriatric population, and high healthcare expenditure in this region. In addition, favorable reimbursement policies are also propelling growth of medical robotics and CSA is anticipated to grow at a lucrative rate over the forecast period owing to increasing adoption of these systems in hospitals & clinics as well as ambulatory surgery centers (ASC).
Asia Pacific regional market captured significant share due to factors such as improving healthcare infrastructure with an increase in hospitalization rates along with rising prevalence of chronic diseases that require surgical intervention & rehabilitation procedures resulting from accidents or trauma cases which will boost demand for robotic systems used across various applications within hospitals & ASCs.
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.
- Technological advancements: Rapid technological advancements are taking place in the field of medical robotics and computer-assisted surgery, which is resulting in better system performance as well as reduced costs. This is aiding in wider adoption of these systems across hospitals worldwide.
- Rising healthcare expenditure: Healthcare expenditure around the world continues to rise, providing a major impetus to growth prospects for medical robotics and computer-assisted surgery market players . In addition, governments are increasingly investing in these systems with an aim to improve healthcare infrastructure within their countries . 5) Increasing awareness about benefits offered by medical robots & CAS : There has been a significant increase in awareness about benefits offered by medical robots & CAS among surgeons over recent years
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Robotics and Computer - Assisted Surgery Market Research Report
By Type
Surgical Robotics, Rehabilitation Robotics, Non-Invasive Radiosurgery Robotics, Hospital & Pharmacy Robotics
By Application
Gynecology, Urology, Orthopedic, Neurology, General surgeries
By Companies
Intuitive Surgical, Ethicon, Think Surgical, Hansen Medical, Stryker, Renishaw, Transenterix, Mazor Robotics, Hologic, Smith?Nephew, Aurishealth, Medrobotics, Titan Medical, Restoration Robotics, Virtualincision, Medtech, 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
240
Number of Tables & Figures
168
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
Surgical Robotics, Rehabilitation Robotics, Non-Invasive Radiosurgery Robotics, Hospital & Pharmacy Robotics
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
Gynecology, Urology, Orthopedic, Neurology, General surgeries
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
- Ethicon
- Think Surgical
- Hansen Medical
- Stryker
- Renishaw
- Transenterix
- Mazor Robotics
- Hologic
- Smith?Nephew
- Aurishealth
- Medrobotics
- Titan Medical
- Restoration Robotics
- Virtualincision
- Medtech
- TransEnterix
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:
- Surgical Robotics
- Rehabilitation Robotics
- Non-Invasive Radiosurgery Robotics
- Hospital & Pharmacy Robotics
- By Application:
- Gynecology
- Urology
- Orthopedic
- Neurology
- General surgeries
- 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 (CAS) are technologies that allow for the surgical removal of cancerous or other diseased tissue. CAS systems use a variety of sensors to help surgeons plan and execute precise, safe operations. By using these systems, doctors can reduce the risk of complications and improve patient outcomes.
Some of the key players operating in the medical robotics and computer - assisted surgery market are Intuitive Surgical, Ethicon, Think Surgical, Hansen Medical, Stryker, Renishaw, Transenterix, Mazor Robotics, Hologic, Smith?Nephew, Aurishealth, Medrobotics, Titan Medical, Restoration Robotics, Virtualincision, Medtech, TransEnterix.
The medical robotics and computer - assisted surgery market is expected to register a CAGR 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. Surgical Robotics
5.3.2. Rehabilitation Robotics
5.3.3. Non-Invasive Radiosurgery Robotics
5.3.4. Hospital & Pharmacy Robotics
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. Gynecology
6.3.2. Urology
6.3.3. Orthopedic
6.3.4. Neurology
6.3.5. General surgeries
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. Gynecology
9.4.2. Urology
9.4.3. Orthopedic
9.4.4. Neurology
9.4.5. General surgeries
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. Surgical Robotics
9.7.2. Rehabilitation Robotics
9.7.3. Non-Invasive Radiosurgery Robotics
9.7.4. Hospital & Pharmacy Robotics
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. Gynecology
10.4.2. Urology
10.4.3. Orthopedic
10.4.4. Neurology
10.4.5. General surgeries
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. Surgical Robotics
10.7.2. Rehabilitation Robotics
10.7.3. Non-Invasive Radiosurgery Robotics
10.7.4. Hospital & Pharmacy Robotics
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. Gynecology
11.4.2. Urology
11.4.3. Orthopedic
11.4.4. Neurology
11.4.5. General surgeries
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Robotics and Computer - Assisted Surgery Market Size and Volume Forecast by Type
11.7.1. Surgical Robotics
11.7.2. Rehabilitation Robotics
11.7.3. Non-Invasive Radiosurgery Robotics
11.7.4. Hospital & Pharmacy Robotics
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. Gynecology
12.4.2. Urology
12.4.3. Orthopedic
12.4.4. Neurology
12.4.5. General surgeries
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. Surgical Robotics
12.7.2. Rehabilitation Robotics
12.7.3. Non-Invasive Radiosurgery Robotics
12.7.4. Hospital & Pharmacy Robotics
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. Gynecology
13.4.2. Urology
13.4.3. Orthopedic
13.4.4. Neurology
13.4.5. General surgeries
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. Surgical Robotics
13.7.2. Rehabilitation Robotics
13.7.3. Non-Invasive Radiosurgery Robotics
13.7.4. Hospital & Pharmacy Robotics
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. Ethicon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Think Surgical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hansen Medical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Stryker
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Renishaw
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Transenterix
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mazor 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. Hologic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Smith?Nephew
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Aurishealth
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Medrobotics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Titan Medical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Restoration Robotics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Virtualincision
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Medtech
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. TransEnterix
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
