Robotic Biopsy Devices Market Size, Share & Trends Analysis Report By Product Type (Systems, Instruments & Accessories), By Application (Lung, Brain, Prostate), By Region, And Segment Forecasts, 2019 - 2026

Published: Oct, 2019 | Pages: 75 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global robotic biopsy devices market size is expected to reach USD 703.7 million by 2026, according to a new report by Grand View Research, Inc., registering a 11.3% CAGR over the forecast period. Rising cancer incidence and increasing demand for minimally invasive surgeries are leading factors contributing toward this growth. Moreover, growing need for high precision while performing biopsies of delicate organs, without distressing surrounding nerves, is expected to drive the market.

On the basis of product type, robot-assisted biopsy devices are classified into systems and instruments & accessories. The systems segment is expected to grow at the fastest pace over the forecast period. Increasing launch of innovative biopsy robots and growing acquisition activities among key players have supported the growth of this segment. For instance, in September 2018, XACT Robotics received a CE mark for its robotics system, which gave the company entry into the European market. Moreover, in April 2019, Johnson & Johnson acquired robotic start-up Auris Health and obtained ownership of its Monarch Platform.

The lung biopsy segment dominated the market in terms of application, with a revenue of USD 132.4 million in 2018. Rising incidence of lung cancer worldwide and need for higher precision devices are some of the major factors driving the market. Robot assisted devices enable surgeons to access deep nodules within the lungs, that are too small and difficult to access manually. Moreover, this segment is expected to witness the fastest growth over the forecast period owing to continuous rise in the number of tobacco smokers in many Asian and European countries.

North America dominated the market in 2018, owing to high healthcare spending, presence of major robot manufacturers in this region, and growing penetration of robotic devices in healthcare settings. On the other hand, the Asia Pacific region is anticipated to grow at the fastest rate over the forecast period, owing to ongoing research and development on robotics in countries such as Japan and South Korea, and rising incidence of cancer in the region.

Further key findings from the report suggest:

• The global robotic biopsy devices market was valued at USD 302.5 million in 2018, driven by rising cases of cancer and growing adoption of robotic systems for cancer diagnosis

• The instrument & accessories segment dominated the market by product type in 2018, owing to increasing number of robot assisted surgeries

• The lung biopsy application segment was valued at USD 132.4 million in 2018, fueled by growing incidence of lung cancer across the globe

• Medtronic, Medrobotics, Renishaw plc, Mazor Robotics, and Medtech SA are some of the leading players operating in this market.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market Segmentation & Scope
                   1.2 Market Definition
                   1.3 Information Procurement
                       1.3.1 Purchased Database
                       1.3.2 GVR's Internal Database
                       1.3.3 Secondary Sources & Third-Party perspectives
                       1.3.4 Primary Research
                   1.4 Information Analysis
                       1.4.1 Data Analysis Models
                   1.5 Market Formulation & Data Visualization
                   1.6 Data Validation & Publishing
Chapter 2 Executive Summary
                   2.1 Robotic Biopsy Devices Market Outlook, By Revenue (USD Million)
                   2.2 Robotic Biopsy Devices Market Segment Outlook, By Revenue (USD Million)
                   2.3 Competititve Insights
Chapter 3 Robotic Biopsy Devices Market Variables, Trends and Scope
                   3.1 Penetration & Growth Prospect Mapping
                   3.2 Product Pipeline Analysis, by Stage
                   3.3 Robotic Biopsy Devices Pricing Analysis
                   3.4 Technology Overview
                   3.5 Market Dynamics
                       3.5.1 Market Driver Analysis
                           3.5.1.1 Growing Demand For Minimally Invasive Procedures
                           3.5.1.2 Increasing Incidence of Cancer
                           3.5.1.3 Growing Penetration of Robotic Systems in Diagnosis and Monitoring
                       3.5.2 Market Restraint Analysis
                           3.5.2.1 High Cost of Investment for Low Income Countries
                           3.5.2.2 Lack of Trained Healthcare Professionals
                       3.5.3 Industry Challenges
                   3.6 Robotic Biopsy Devices Market Analysis Tools
                       3.6.1 Industry Analysis - Porter's
                           3.6.1.1 Supplier Power
                           3.6.1.2 Buyer Power
                           3.6.1.3 Substitution Threat
                           3.6.1.4 New Entrants Threat
                           3.6.1.5 Competitive Rivalry
                       3.6.2 PEST Analysis
                           3.6.2.1 Political Landscape
                           3.6.2.2 Economic Landscape
                           3.6.2.3 Social Landscape
                           3.6.2.4 Technology Landscape
Chapter 4 Robotic Biopsy Devices Market - Competitive Analysis
                   4.1 Recent Developments & Impact Analysis, by Key Market Participants
                   4.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
                   4.3 Company Market Position Analysis
                   4.4 Company Market Share, 2018 (%)
                   4.5 List of Key Emerging Companies/Technology Disruptors/Innovators
Chapter 5 Robotic Biopsy Devices Market: Product Type Estimates & Trend Analysis
                   5.1 Definitions & Scope
                   5.2 Robotic Biopsy Devices Market Share by Product, 2018 & 2026
                   5.3 Segment Dashboard
                   5.4 Systems
                       5.4.1 Systems market estimates and forecasts, 2014 - 2026 (USD Million)
                   5.5 Instrument & Accessories
                       5.5.1 Instrument & Accessories market estimates and forecasts, 2014 - 2026 (USD Million)
Chapter 6 Robotic Biopsy Devices Market: Application Estimates & Trend Analysis
                   6.1 Definitions & Scope
                   6.2 Robotic Biopsy Devices Market Share by Product, 2018 & 2026
                   6.3 Segment Dashboard
                   6.4 Lung Biopsy
                       6.4.1 Lung biopsy market estimates and forecasts, 2014 - 2026 (USD Million)
                   6.5 Brain Biopsy
                       6.5.1 Brain biopsy market estimates and forecasts, 2014 - 2026 (USD Million)
                   6.6 Prostate Biospy
                       6.6.1 Prostate biopsy Market Estimates And Forecasts, 2014 - 2026 (USD Million)
                   6.7 Other Biopsies
                       6.7.1 Other biopsies Market Estimates And Forecasts, 2014 - 2026 (USD Million)
Chapter 7 Robotic Biopsy Devices Market: Regional Estimates & Trend Analysis, by Product Type
                   7.1 Regional Market Snapshot
                   7.2 Robotic Biopsy Devices Market Size, & Forecasts, and Trend Analysis, 2018 to 2026:
                       7.2.1 North America
                           7.2.1.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                           7.2.1.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.1.3 U.S.
                               7.2.1.3.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.1.3.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.1.4 Canada
                               7.2.1.4.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.1.4.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                       7.2.2 Europe
                           7.2.2.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                           7.2.2.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.2.3 U.K.
                               7.2.2.3.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.2.3.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.2.4 Germany
                               7.2.2.4.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.2.4.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.2.5 Spain
                               7.2.2.5.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.2.5.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.2.6 France
                               7.2.2.6.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.2.6.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.2.7 Italy
                               7.2.2.7.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.2.7.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                       7.2.3 Asia Pacific
                           7.2.3.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                           7.2.3.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.3.3 China
                               7.2.3.3.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.3.3.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.3.4 Japan
                                7.2.3.4.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                                7.2.3.4.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.3.5 India
                                7.2.3.5.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                                7.2.3.5.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.3.6 South Korea
                                7.2.3.6.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                                7.2.3.6.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.3.7 Singapore
                               7.2.3.7.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.3.7.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.3.8 Australia
                               7.2.3.8.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.3.8.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                       7.2.4 Latin America
                           7.2.4.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                           7.2.4.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.4.3 Brazil
                               7.2.4.3.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.4.3.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.4.4 Mexico
                               7.2.4.4.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.4.4.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.4.5 Argentina
                               7.2.4.5.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.4.5.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                       7.2.5 Middle East & Africa (MEA)
                           7.2.5.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                           7.2.5.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.5.3 South Africa
                               7.2.5.3.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.5.3.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.5.4 Saudi Arabia
                               7.2.5.4.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.5.4.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
                           7.2.5.5 UAE
                               7.2.5.5.1 Market estimates and forecasts, by product type 2014 - 2026 (USD Million)
                               7.2.5.5.2 Market estimates and forecasts, by application 2014 - 2026 (USD Million)
Chapter 8 Competitive Landscape
                   8.1 Company Profiles
                       8.1.1 Medtronic
                           8.1.1.1 Company Overview
                           8.1.1.2 Financial Performance
                           8.1.1.3 Product Benchmarking
                           8.1.1.4 Strategic Initiatives
                       8.1.2 Renishaw plc
                           8.1.2.1 Company Overview
                           8.1.2.2 Financial Performance
                           8.1.2.3 Product Benchmarking
                           8.1.2.4 Strategic Initiatives
                       8.1.3 iSYS Medizintechnik GmbH
                           8.1.3.1 Company Overview
                           8.1.3.2 Financial Performance
                           8.1.3.3 Product Benchmarking
                           8.1.3.4 Strategic Initiatives
                       8.1.4 Mazor Robotics
                           8.1.4.1 Company Overview
                           8.1.4.2 Financial Performance
                           8.1.4.3 Product Benchmarking
                           8.1.4.4 Strategic Initiatives
                       8.1.5 Biobot Surgical Pte Ltd
                           8.1.5.1 Company Overview
                           8.1.5.2 Financial Performance
                           8.1.5.3 Product Benchmarking
                           8.1.5.4 Strategic Initiatives
                       8.1.6 Medrobotics
                           8.1.6.1 Company Overview
                           8.1.6.2 Financial Performance
                           8.1.6.3 Product Benchmarking
                           8.1.6.4 Strategic Initiatives
                       8.1.7 Medtech SA
                           8.1.7.1 Company Overview
                           8.1.7.2 Financial Performance
                           8.1.7.3 Product Benchmarking
                           8.1.7.4 Strategic Initiatives
                   8.2 List of Other Companies

List of Tables

TABLE 1 Global robotic biopsy devices market revenue, by product type, 2014 - 2026 (USD Million)
TABLE 2 Global robotic biopsy devices market revenue, by application, 2014 - 2026 (USD Million)
TABLE 3 Global robotic biopsy devices market revenue, by region, 2014 - 2026 (USD Million)
TABLE 4 North America robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 5 North America robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 6 U.S. robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 7 U.S. robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 8 Canada robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 9 Canada robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 10 Europe robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 11 Europe robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 12 Germany robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 13 Germany robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 14 U.K. robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 15 U.K. robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 16 Spain robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 17 Spain robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 18 France robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 19 France robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 20 Italy robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 21 Italy robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 22 Asia Pacific robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 23 Asia Pacific robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 24 Japan robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 25 Japan robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 26 China robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 27 China robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 28 India robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 29 India robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 30 South Korea robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 31 South Korea robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 32 Singapore robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 33 Singapore robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 34 Australia robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 35 Australia robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 36 Latin America robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 37 Latin America robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 38 Mexico robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 39 Mexico robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 40 Brazil robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 41 Brazil robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 42 Argentina robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 43 Argentina robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 44 MEA robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 45 MEA robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 46 South Africa robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 47 South Africa robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 48 Saudi Arabia robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 49 Saudi Arabia robotic biopsy devices market, by application, 2014 - 2026 (USD Million)
TABLE 50 UAE robotic biopsy devices market, by product type, 2014 - 2026 (USD Million)
TABLE 51 UAE robotic biopsy devices market, by application, 2014 - 2026 (USD Million)

List of Figures

FIG. 1 Market research process
FIG. 2 Data Triangulation Techniques
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value chain-based sizing & forecasting
FIG. 6 QFD modelling for market share assessment
FIG. 7 Market formulation & validation
FIG. 8 Market Snapshot
FIG. 9 Robotic biopsy devices market variables, trends & scope
FIG. 10 Penetration & Growth Prospect Mapping
FIG. 11 Technology Timeline (Transition / various technology adoption past & future predictions)
FIG. 12 Market driver relevance analysis (Current & future impact)
FIG. 13 Market restraint relevance analysis (Current & future impact)
FIG. 14 Company/Competition Categorization
FIG. 15 Key company market share analysis, 2018
FIG. 16 Company market position analysis
FIG. 17 Segment Dashboard
FIG. 18 Robotic biopsy devices market share: Product type movement analysis, 2018 & 2026 (USD Million)
FIG. 19 System market revenue estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 20 Instrument & accessories market revenue estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 21 Segment Dashboard
FIG. 22 Robotic biopsy devices market share: Application movement analysis, 2018 & 2026 (USD Million)
FIG. 23 Lung biopsy market revenue estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 24 Brain biopsy market revenue estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 25 Prostate biopsy market revenue estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 26 Other biopsies market revenue estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 27 Regional market snapshot
FIG. 28 Regional outlook, 2018 & 2026
FIG. 29 North America robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 30 U.S. robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 31 Canada robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 32 Europe robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 33 Germany robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 34 U.K. robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 35 Spain robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 36 France robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 37 Italy robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 38 Asia Pacific robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 39 Japan robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 40 China robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 41 India robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 42 South Korea robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 43 Singapore robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 44 Australia robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 45 Latin America robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 46 Brazil robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 47 Mexico robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 48 Argentina robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 49 MEA robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 50 South Africa robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 51 Saudi Arabia robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)
FIG. 52 UAE robotic biopsy devices market estimates and forecasts, 2014 - 2026 (USD Million)