Robotic Surgery System Market by Product, End-user, Application, and Geography - Forecast and Analysis 2021-2025

Published: Apr 2021

Pages: 120

SKU: IRTNTR70491

Snapshot

The robotic surgery system market has the potential to grow by USD 3.72 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 11.20%.

This robotic surgery system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (instruments and accessories, system, and services), end-user (hospitals and ASCs), application (gynecology, general surgery, urology, cardiac surgery, and others), and geography (North America, Europe, Asia, and ROW). The robotic surgery system market report also offers information on several market vendors, including Accuray Inc., Globus Medical Inc., Intuitive Surgical Inc., Johnson & Johnson, Medtronic Plc, Renishaw Plc, Siemens Healthineers AG, Smith & Nephew plc, Stryker Corp., and Zimmer Biomet Holdings Inc. among others.

What will the Robotic Surgery System Market Size be in 2021?

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Robotic Surgery System Market: Key Drivers and Trends

The rising adoption of MIS procedures is notably driving the robotic surgery system market growth, although factors such as limitations and high cost of robotic systems and surgeries may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the robotic surgery system market industry get your FREE report sample now.

Minimally invasive surgery (MIS) procedures with the use of robotic, laser, and laparoscopic-assisted devices have eliminated the need for performing open surgeries.
MIS has been gaining prevalence among the end-users due to its benefits.
MIS involves limited incisions, low healthcare costs, quick recovery time, and reduced post-operative complications such as trauma injuries.
Vendors have been offering technologically advanced control systems, fiber optics, guidance systems, and navigation systems with new and precise electromechanical devices.
The easy availability of these devices is making MIS popular.
The rising adoption of MIS procedures will drive the robotic surgical systems market growth over the forecast period.

To increase the penetration rate of robotic surgical systems in emerging economies, vendors are focusing on the development of low-cost robotic surgical systems.
Vendors are reducing the cost of components, such as sensors, to develop low-cost surgical systems.
Vendors will record increased sales and revenue over the forecast period.
Many companies are offering cost per robotic surgical procedure to the hospitals at an economical rate to decrease the device cost.
The convenience factors are increasing the adoption of robotic surgery systems in emerging hospitals and ASCs.
The increasing focus on the development of low-cost robotic surgical systems is one of the key robotic surgical systems market trends.

This robotic surgery system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Robotic Surgery System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

The robotic surgery system market is fragmented and the vendors are deploying growth strategies such as R&D to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the robotic surgery system market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Robotic Surgery System Market?

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66% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for robotic surgery system market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The increasing incidence of chronic diseases, rising popularity of MIS, growing awareness about robotic surgeries, and expanding number of surgeries performed in ASCs will facilitate the robotic surgery system market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Robotic Surgery System Market?

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The growing demand for MIS procedures and non-invasive surgeries and the availability of quality operating rooms are a few factors boosting the demand for robotic surgery system. The hospitals market segment will exhibit a fast growth rate during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the robotic surgery system market size.

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What are the Key Factors Covered in this Robotic Surgery System Market Report?

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive robotic surgery system market growth during the next five years
Precise estimation of the robotic surgery system market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the robotic surgery system industry across North America, Europe, Asia, and ROW
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of robotic surgery system market vendors

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Robotic Surgery System Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 11%
Market growth 2021-2025	$ 3.72 billion
Market structure	Fragmented
YoY growth (%)	10.17
Regional analysis	North America, Europe, Asia, and ROW
Performing market contribution	North America at 66%
Key consumer countries	US, Germany, UK, France, and Japan
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Accuray Inc., Globus Medical Inc., Intuitive Surgical Inc., Johnson & Johnson, Medtronic Plc, Renishaw Plc, Siemens Healthineers AG, Smith & Nephew plc, Stryker Corp., and Zimmer Biomet Holdings Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

Market ecosystem
Market characteristics
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Market Segmentation by Product

Market segments
Comparison by Product
Instruments and accessories - Market size and forecast 2020-2025
System - Market size and forecast 2020-2025
Services - Market size and forecast 2020-2025
Market opportunity by Product

Market Segmentation by Application

Market segments
Comparison by Application
Gynecology - Market size and forecast 2020-2025
General surgery - Market size and forecast 2020-2025
Urology - Market size and forecast 2020-2025
Cardiac surgery - Market size and forecast 2020-2025
Others - Market size and forecast 2020-2025
Market opportunity by Application

Market Segmentation by End-user

Market segments
Comparison by End-user
Hospitals - Market size and forecast 2020-2025
ASCs - Market size and forecast 2020-2025
Market opportunity by End-user

Customer landscape

Overview

Geographic Landscape

Geographic segmentation
Geographic comparison
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
Asia - Market size and forecast 2020-2025
ROW - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Overview
Landscape disruption
Competitive scenario

Vendor Analysis

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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