Surgical Robot Market By Product (Systems, Instrument And Accessories, Service), By Brand (da Vinci Surgical System, Cyber Knife, Rosa, MAKO, Renaissance), By Application (General Surgery, Urology, Orthopedic, Neurosurgery, Cardiovascular, Gynecology, Radiology, Transplant, Gastro-intestinal), Market Size, Application Analysis, Competitive Strategies and Forecasts, 2016 To 2024

Published: Apr, 2016 | Pages: 82 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global surgical robot market is expected to reach USD 20.8 billion by 2024, according to a new study by Grand View Research, Inc. The prevalence of chronic disorders, such as chronic heart diseases and various types of cancer, is on a rise. These diseases frequently require surgery as a line of treatment. With the advent of surgical robot, these surgeries have become easier and less traumatic, thereby propelling the demand over the forecast period.

The surgical robotic system causes less postoperative complications and reduces the length of hospital stay for a patient. This further helps to save treatment cost as well as labor cost. Owing to these benefits, these devices are now favored by hospitals in developing as well as developed regions.

The introduction of evolved systems is expected to boost the market growth over the forecast period. The development of computer software coupled with such robotic systems result in higher precision and better viewing of the incision site. This is expected to propel the demand over the forecast period.

The rising popularity of minimally invasive procedures due to their patient-friendly nature is the vital driver for this industry. Surgical robot help in performing complicated procedures through navigation and magnification options.

Further key findings from the study suggest:

Robot systems held a lucrative share of around 42.0% in the product segment. Robot systems were followed by accessories and are also anticipated to witness a substantial growth owing to their frequent repurchase.

On the other hand, services are anticipated to grow at a lucrative rate of around 20.0% over the forecast period. Periodic maintenance of the existing robotic systems is mandatory; hence, this segment is anticipated to witness a substantial growth.

The da Vinci Surgical System by Intuitive Surgical, Inc. dominated this industry in 2015. This system is the first U.S.FDA approved system; hence, retains the first mover advantage.

ROSA surgical system by Medtech is anticipated to witness a lucrative growth over the forecast period. These systems are intended for the brain and spinal cord surgeries. Recent approval for ROSA systems as well as expansion in European and North American Region by Medtech is anticipated to support the growth of this system.

Gynecology held significant share of around 30.0% in application segment followed by general surgery segment which is anticipated to witness remunerative share over the forecast period. Rising prevalence of colorectal cancer further contributed towards the growth of this segment.

North America is the dominating market with lucrative shares of around 60.0% in 2015. However, Asia Pacific is projected to witness sturdy growth over the forecast period with the fastest growth rate. Healthcare advancements as well economic developments with the aid of government is anticipated to support the growth.

The key players operating in this industry include Intuitive Surgical, Inc., Accuray, MAKO /Stryker, Medtech Surgical, Hansen Medical, TransEntrix, Titan Medical, Inc., and Renishaw Plc.

New product launches and collaborative developments are key strategic initiatives undertaken by market players to sustain the competition

For instance, in July 2015, Accuray and Raysearch Laboratories AB formed a strategic collaboration. Accuray will co-market and offer Raycare Oncology Information System (OIS) in designated major radiation markets

 Table of Contents


Chapter 1. Methodology And Scope
                       1.1. Research Methodology
                       1.2. Research Scope & Assumptions
                       1.3. List of Data Sources
Chapter 2. Executive Summary
                       2.1. Surgical Robot - Industry Snapshot and Key Buying Criteria, 2014- 2024
Chapter 3. Surgical Robot Industry Outlook
                       3.1. Market segmentation
                       3.2. Market size and growth prospects
                       3.3. Surgical robot: Market dynamics
                          3.3.1. Market driver analysis
                          3.3.2. Market restraint analysis
                       3.4. Key opportunities prioritized
                       3.5. Industry Analysis - Porter's
                       3.6. Surgical robot market PESTEL analysis, 2015
                       3.7. Company market share, 2015
                       3.8. Comparison between traditional open surgery and robot-assisted surgery 
                       3.9. Clinical and economic value proposition of surgical robots
Chapter 4. Surgical Robot Product Outlook
                       4.1. Surgical robot market share by product, 2015 &2024
                       4.2. Robot systems
                          4.2.1. Robot systems market estimates and forecasts, 2014 - 2024 (USD Million)
                       4.3. Instruments & accessories
                          4.3.1. Instruments & accessories market estimates and forecasts, 2014 - 2024 (USD Million)
                       4.4. Services
                          4.4.1. Services market estimates and forecasts, 2014 - 2024 (USD Million)
Chapter 5. Surgical Robot Application Outlook
                       5.1. Surgical robots market share by application, 2015 &2024
                       5.2. General surgery
                          5.2.1. General surgery based surgical robots market estimates and forecasts, 2014 - 2024 (USD Million)
                       5.3. Urology
                          5.3.1. Laparoscopy based surgical robots market estimates and forecasts, 2014 - 2024 (USD Million)
                       5.4. Orthopedic
                          5.4.1. Orthopedic based surgical robots market estimates and forecasts, 2014 - 2024 (USD Million)
                       5.5. Neurosurgery
                          5.5.1. Neurosurgery based surgical robots market estimates and forecasts, 2014 - 2024 (USD Million)
                       5.6. Cardiovascular
                          5.6.1. Cardiovascular based surgical robots market estimates and forecasts, 2014 - 2024 (USD Million)
                       5.7. Gynecology
                          5.7.1. Gynecology based surgical robots market estimates and forecasts, 2014 - 2024 (USD Million)
                       5.8. Radiology
                          5.8.1. Radiology based surgical robots market estimates and forecasts, 2014 - 2024 (USD Million)
                       5.9. Transplant
                          5.9.1. Transplant based surgical robots market estimates and forecasts, 2014 - 2024 (USD Million)
                       5.10. Gastro-intestinal
                          5.10.1. Gastro-intestinal based surgical robots market estimates and forecasts, 2014 - 2024 (USD Million)
                       5.11. Other
                          5.11.1. Other application based surgical robots market estimates and forecasts, 2014 - 2024 (USD Million)
Chapter 6. Surgical Robot Brand Outlook
                       6.1. Surgical robot market share by brand, 2015 & 2022
                       6.2. da Vinci Surgical Systems
                          6.2.1. surgical systems market estimates and forecasts, 2014 - 2024 (USD Million)
                          6.2.2. surgical systems market estimates and forecasts, by product, 2014 - 2024 (USD Million)
                          6.2.3. dsurgical systems market estimates and forecasts, by application, 2014 - 2024 (USD Million)
                          6.2.4. surgical systems market estimates and forecasts, by region, 2014 - 2024 (USD Million)
                       6.3. CyberKnife
                          6.3.1. surgical systems market estimates and forecasts, 2014 - 2024 (USD Million)
                          6.3.2. surgical systems market estimates and forecasts, by product, 2014 - 2024 (USD Million)
                          6.3.3. surgical systems market estimates and forecasts, by application, 2014 - 2024 (USD Million)
                          6.3.4. surgical systems market estimates and forecasts, by region, 2014 - 2024 (USD Million)
                       6.4. Rosa
                          6.4.1. surgical systems market estimates and forecasts, 2014 - 2024 (USD Million)
                          6.4.2. surgical systems market estimates and forecasts, by product, 2014 - 2024 (USD Million)
                          6.4.3. surgical systems market estimates and forecasts, by application, 2014 - 2024 (USD Million)
                          6.4.4. surgical systems market estimates and forecasts, by region, 2014 - 2024 (USD Million)
                       6.5. RIO
                          6.5.1. surgical systems market estimates and forecasts, 2014 - 2024 (USD Million)
                          6.5.2. surgical systems market estimates and forecasts, by product, 2014- 2024 (USD Million)
                          6.5.3. surgical systems market estimates and forecasts, by application, 2014 - 2024 (USD Million)
                          6.5.4. surgical systems market estimates and forecasts, by region, 2014 - 2024 (USD Million)
                       6.6. Renaissance
                          6.6.1. surgical systems market estimates and forecasts, 2014 - 2024 (USD Million)
                          6.6.2. surgical systems market estimates and forecasts, by product, 2014 - 2024 (USD Million)
                          6.6.3. surgical systems market estimates and forecasts, by application, 2014 - 2024 (USD Million)
                          6.6.4. surgical systems market estimates and forecasts, by region, 2014 - 2024 (USD Million)
                       6.7. Other 
                          6.7.1. surgical systems market estimates and forecasts, 2014 - 2024 (USD Million)
                          6.7.2. surgical systems market estimates and forecasts, by product, 2014 - 2024 (USD Million)
                          6.7.3. surgical systems market estimates and forecasts, by application,2014 - 2024 (USD Million)
                          6.7.4. surgical systems market estimates and forecasts, by region, 2014- 2024 (USD Million)
Chapter 7. Surgical Robot Regional Outlook
                       7.1. Surgical robot market share, by region, 2015 & 2022
                       7.2. North America
                         7.2.1. North America surgical robot market estimates and forecasts, by product, 2014 - 2024 (USD Million)
                              7.2.1.1. U.S.
                              7.2.1.2. Canada
                       7.3. Europe
                          7.3.1. Europe surgical robot market estimates and forecasts, by product, 2014 - 2024 (USD Million)
                              7.3.1.1. UK
                              7.3.1.2. Germany
                              7.3.1.3. France
                              7.3.1.4. Italy
                              7.3.1.5. Spain
                       7.4. Asia Pacific
                          7.4.1. Asia Pacific surgical robot market estimates and forecasts, by product, 2014 - 2024 (USD Million)
                              7.4.1.1. Japan
                              7.4.1.2. China
                              7.4.1.3. India
                       7.5. Latin America
                          7.5.1. Latin America surgical robot market estimates and forecasts, by product, 2014 - 2024 (USD Million)
                              7.5.1.1. Brazil
                              7.5.1.2. Mexico
                       7.6. MEA
                          7.6.1. MEA surgical robot market estimates and forecasts, by product, 2014 - 2024 (USD Million)
                              7.6.1.1. South Africa
                              7.6.1.2. Saudi Arabia
Chapter 8. Competitive Landscape 
                       8.1. Intuitive Surgical, Inc. 
                          8.1.1. Company Overview
                          8.1.2. Financial Performance
                          8.1.3. Product Benchmarking
                          8.1.4. Strategic Initiatives
                       8.2. Accuray
                          8.2.1. Company Overview
                          8.2.2. Financial Performance
                          8.2.3. Product Benchmarking
                          8.2.4. Strategic Initiatives
                       8.3. Stryker Corporation/MAKO
                          8.3.1. Company Overview
                          8.3.2. Financial Performance
                          8.3.3. Product Benchmarking
                          8.3.4. Strategic Initiatives
                       8.4. Medtech Surgical
                          8.4.1. Company Overview
                          8.4.2. Financial Performance
                          8.4.3. Product Benchmarking
                          8.4.4. Strategic Initiatives
                       8.5. Hansen Medical
                          8.5.1. Company Overview
                          8.5.2. Financial Performance
                          8.5.3. Product Benchmarking
                          8.5.4. Strategic Initiatives
                       8.6. Medrobotics Corporation
                          8.6.1. Company Overview
                          8.6.2. Financial Performance
                          8.6.3. Product Benchmarking
                          8.6.4. Strategic Initiatives
                       8.7. TransEnterix
                          8.7.1. Company Overview
                          8.7.2. Financial Performance
                          8.7.3. Product Benchmarking
                          8.7.4. Strategic Initiatives
                       8.8. Titan Medical, Inc.
                          8.8.1. Company Overview
                          8.8.2. Financial Performance
                          8.8.3. Product Benchmarking
                          8.8.4. Strategic Initiatives
                       8.9. Renishaw Plc
                          8.9.1. Company Overview
                          8.9.2. Financial Performance
                          8.9.3. Product Benchmarking
                          8.9.4. Strategic Initiatives
                       8.10. OR Productivity Plc
                          8.10.1. Company Overview
                          8.10.2. Financial Performance
                          8.10.3. Product Benchmarking
                          8.10.4. Strategic Initiatives
                       8.11. Mazor Robotics
                          8.11.1. Company Overview
                          8.11.2. Financial Performance
                          8.11.3. Product Benchmarking
                          8.11.4. Strategic Initiatives
                       8.12. Varian Medical Systems
                          8.12.1. Company Overview
                          8.12.2. Financial Performance
                          8.12.3. Product Benchmarking
                          8.12.4. Strategic Initiatives
                       8.13. Stereotaxis, Inc.
                          8.13.1. Company Overview
                          8.13.2. Financial Performance
                          8.13.3. Product Benchmarking
                          8.13.4. Strategic Initiatives

List of Tables


TABLE 1 Country share estimation
TABLE 2 Surgical robot- Industry Snapshot & Key Buying Criteria, 2014-2024
TABLE 3 Global surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 4 Global surgical robot market, bybrand,2014 - 2024 (USD Million)
TABLE 5 Global surgical robot market, by application, 2014 - 2024 (USD Million)
TABLE 6 Surgical robot- Key market driver analysis
TABLE 7 Hormone replacement therapy- Key market restraint analysis
TABLE 8 North America surgical robot market, by region, 2014 - 2024 (USD Million)
TABLE 9 North America surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 10 North America surgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 11 North America surgical robot market, by application, 2014 - 2024 (USD Million)
TABLE 12 U.S. surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 13 U.S. surgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 14 U.S. surgical robot market, by application, 2014 - 2024 (USD Million)
TABLE 15 Canada surgical robotmarket, by product, 2014 - 2024 (USD Million)
TABLE 16 Canada surgical robotmarket, by route of administration, 2014 - 2024 (USD Million)
TABLE 17 Canada surgical robotmarket, by type of disease, 2014 - 2024 (USD Million)
TABLE 18 Europe surgical robotmarket, by region, 2014 - 2024 (USD Million)
TABLE 19 Europe surgical robotmarket, by product, 2014 - 2024 (USD Million)
TABLE 20 Europe surgical robotmarket, by brand, 2014 - 2024 (USD Million)
TABLE 21 Europe surgical robot market, by application, 2014 - 2024 (USD Million)
TABLE 22 UK surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 23 UK surgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 24 UK surgical robot market, by application, 2014 - 2024 (USD Million)
TABLE 25 Germany surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 26 Germany surgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 27 Germany surgical robot market, by application,2014 - 2024 (USD Million)
TABLE 28 France surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 29 Francesurgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 30 Francesurgical robot market, by application,2014 - 2024 (USD Million)
TABLE 31 Italysurgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 32 Italysurgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 33 Italysurgical robot market, by application,2014 - 2024 (USD Million)
TABLE 34 Spainsurgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 35 Spainsurgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 36 Spain surgical robot market, by application,2014 - 2024 (USD Million)
TABLE 37 Asia Pacific surgical robot market, by region, 2014 - 2024 (USD Million)
TABLE 38 Asia Pacific surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 39 Asia Pacific surgical robot market, by brand,2014 - 2024 (USD Million)
TABLE 40 Asia Pacific surgical robot market, byapplication, 2014 - 2024 (USD Million)
TABLE 41 Japan surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 42 Japan surgical robot market, by brand,2014 - 2024 (USD Million)
TABLE 43 Japan surgical robot market, by application, 2014 - 2024 (USD Million)
TABLE 44 Chinasurgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 45 China surgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 46 China surgical robot market, by application, 2014 - 2024 (USD Million)
TABLE 47 Indiasurgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 48 India surgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 49 India surgical robot market, by application, 2014 - 2024 (USD Million)
TABLE 50 Latin America surgical robot market, by region, 2014 - 2024 (USD Million)
TABLE 51 Latin America surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 52 Latin America surgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 53 Latin America surgical robot market, by application, 2014 - 2024 (USD Million)
TABLE 54 Brazil surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 55 Brazil surgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 56 Brazil surgical robot market, by application, 2014 - 2024 (USD Million)
TABLE 57 Mexicosurgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 58 Mexicosurgical robot market, by brand,2014 - 2024 (USD Million)
TABLE 59 Mexicosurgical robot market, by application,2014 - 2024 (USD Million)
TABLE 60 MEA surgical robot market, by region, 2014 - 2024 (USD Million)
TABLE 61 MEA surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 62 MEA surgical robot market, by brand, 2014 - 2024 (USD Million)
TABLE 63 MEA surgical robot market, byapplication, 2014 - 2024 (USD Million)
TABLE 64 South Africa surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 65 South Africa surgical robot market, bybrand, 2014 - 2024 (USD Million)
TABLE 66 South Africa surgical robot market, by application, 2014 - 2024 (USD Million)
TABLE 67 Saudi Arabia surgical robot market, by product, 2014 - 2024 (USD Million)
TABLE 68 Saudi Arabia surgical robot market, by brand,2014 - 2024 (USD Million)
TABLE 69 Saudi Arabia surgical robot market, by application, 2014 - 2024 (USD Million)