Robotic Surgical Procedures Market 2019 Global Industry Size, Trends, Demand, Growth Analysis, Share, Revenue and Forecast 2026
Pune, India -- (SBWIRE) -- 06/12/2019 -- The global robotic surgical procedures market is anticipated to reach USD 13271.6 Mn by 2025 as per a report published by Fortune Business Insights. According to the report, titled "Robotic Surgical Procedures Market Size, Share and Global Trend By Product Type (Gynecology, Urology, General Surgery, Orthopedics and Others) and Geography Forecast till 2025," the market covered a value of USD 3912.2 Mn in the year 2017.
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Furthermore, growing preference for minimally-invasive surgical procedures is expected to encourage the global market exhibit a remarkable CAGR of 16.6% by 2025. The report also mentioned that technological developments in surgical robots will propel growth of the market.
Gynaecology Emerges as Most Preferred Area in Robotic Surgical Procedures
The gynaecology segment is likely to gain significant momentum and lead the global market over the forecast years. Fortune Business Insights reports that this segment covered a share of 28.7% and is expected to account for the highest share in the market by 2025. The report observed that this segment is leading on account of an extensive use of robotic-assisted surgical procedures in the healthcare sector.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Smith& Nephew
- CMRSurgical Ltd.
- Avatera Medical GmbH
- Verb Surgical Inc.
Besides gynaecology, the orthopaedics segment is also projected to grow at a higher CAGR in the forecast years. This is ascribable to the rising number of product innovations in orthopaedics area. Presently, the number of orthopaedic surgeries conducted via robotic surgical machines is very low. With the rising incidence of bone injuries, the number is expected to increase in the coming years.
Asia Pacific to Upscale its Operations with Majority of the Revenue Generated from China and India
North America is anticipated to remain dominant till 2025 in the global robotic surgical procedure market. The market in this region was worth US$ 3070.7 Mn in the year 2017 and it is likely to grow with the increasing adoption of robotic surgical instruments and systems. The penetration of robotics is higher in the countries of North America than other regions. This is likely to create growth opportunities for the market in the forthcoming years.
The market in Asia Pacific is also expected to grow with the increasing adoption of robotic surgical systems especially in China and India. The region's growth is also attributable to increasing western partnerships so as to enhance healthcare facilities. In addition to this, governments are expected to collaborate with regional institutions to develop surgical robots.
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Increasing Need for Automation in Healthcare to Influence Overall Growth
"The healthcare industry is transforming with the introduction of technological developments such as 3D imaging sensors, microscopic cameras, and robotic surgical instruments," says a lead analyst at Fortune Business Insights. "This is further expected to enhance surgical outcomes and drive the market over the next few years," he added. Automation is emerging in healthcare industry as it reduces the requirement for human work and optimizes clinical outcomes.
4. Key Insights:
4.1. Overviewof the Robotic Surgical Systems Market (2017)
4.2. Overview ofthe Robotic Surgical Procedures Volume (2017 and 2025)
4.3. PricingAnalysis - Major Robotic Surgical Systems
4.4. DistributorAnalysis - For Major Manufacturers of Robotic Surgical Systems
4.5.Key Mergers & Acquisitions
4.6.Key Technological Advancements in Robotic Surgical Systems
5.2. MarketAnalysis, Insights and Forecast – By Application
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5.3. MarketAnalysis, Insights and Forecast – By Geography
5.3.4.Rest of World