Nov 13 2018
The "Global Surgical Robotics Market: Focus on Products and Services (Surgical Systems, Instruments & Accessories, and Services & Maintenance), Applications, End Users, and Competitive Landscape: Analysis and Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
The global surgical robotics market is expected to reach $12.59 billion by 2025
The market consists of various product segments such as surgical systems, instruments and accessories and maintenance services. The instruments and accessories segment had the highest market value in 2017, growing at the CAGR of 15.2% during the forecast period 2018-2025. However, services (maintenance and up-gradation) are expected to grow at the highest CAGR of 14.1% during the forecast period 2018-2025.
All the major surgical robotics systems have been covered into the global surgical robotics market volume data. The market for surgical systems by value is expected to grow at the CAGR of 11.2% during the forecast period, 2018-2025. Among all surgical systems, the da Vinci surgical system accounted for the highest installation volume in 2016 and is anticipated to reach 1,123 installation units in 2025, growing at the CAGR of 8%. This can be attributed to the increasing adoption rate of da Vinci surgical robotics system for increasing rate of general surgeries, gynecology, urology, cardiothoracic and head and neck medical complications. However, the Sensei Robotic System manufactured by Hansen Medical (Auris Surgical Robots) is anticipated to grow at the highest CAGR of 22% during the forecast period.
The application segment of the market consists of general surgery, gynecology, urology, orthopedics, interventional cardiology, and neurology, among others. The gynecology segment acquired the highest market value in 2017 and is expected to grow at the CAGR of 7.0% during the forecast period 2018-2025. This can be attributed to the increasing incidence rate of gynecological complications among women globally and continuous technological advancement in robotic systems. However, General Surgery is expected to be dominant with revenue generation of $5.49 billion by 2025. Also, the segment is expected to witness the highest growth rate of 20.3% during the forecast period 2018-2025.
Furthermore, based on the application, gynecology accounted for the largest market share by robotic surgical procedural volume in 2016. However, General Surgical procedures is expected to be dominant with robotic surgical procedural volume of 717,550 by 2025.
Source: https://www.researchandmarkets.com/research/gcczdj/global_surgical?w=12