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Global Robotic Surgery Market 2016-2020

Global Robotic Surgery Market 2016-2020

About Robotic Surgery

Robotic or computer-assisted surgery was primarily developed to help doctors perform minimally invasive surgery - operations carried out through a small incision in the skin and requiring little to no stitches or staples to close. In robotic surgery, doctors precisely manipulate miniature tools attached to a robotic arm using a console and video monitor, instead of directly operating on a patient. Minimally invasive procedures help reduce hospital stays, pain, and scarring thereby facilitating faster recovery and reduced hospital stays. Robotic surgeries are accurate and precise. They help to avoid damage to nerves or soft tissues, resulting in significantly less pain, the risk of infection, blood loss, scarring, and recovery time for patients. A rise in robotic procedures being conducted in hospitals also propels market growth.

Technavio’s analysts forecast the global robotic surgery market to grow at a CAGR of 11.34% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global robotic surgery market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of robotic surgical systems, instruments, accessories, and service support to key end-users such as hospitals and ambulatory surgical centers (ASCs).

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Robotic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Auris Surgical Robotics
  • Intuitive Surgical
  • Stryker
  • Titan Medical
Other prominent vendors
  • Accuray
  • Aesynt Inc
  • AVRA Surgical Robotics
  • Cambridge Medical Robotics
  • IMRIS
  • IRobot
  • Johnson & Johnson
  • Kirby Lester
  • MAZOR Robotics
  • Medrobotics
  • MedTech
  • Medtronic
  • NovaTract Surgical
  • Olympus
  • OmniGuide Holdings
  • Smith & Nephew
  • Stereotaxis
  • TransEnterix
  • Verb Surgical
  • Verily Life Sciences
Market driver
  • Limitations in traditional/conventional surgeries fuels adoption of robotic surgical platforms
  • For a full, detailed list, view our report
Market challenge
  • High maintenance and equipment cost of robotic platform
  • For a full, detailed list, view our report
Market trend
  • Growing focus toward development of low-cost robotic surgical systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Robotic Surgery Market 2016-2020

Technavio recognizes the following companies as the key players in the global robotic surgery market: Auris Surgical Robotics, Intuitive Surgical, Stryker, and Titan Medical

Other Prominent Vendors in the market are: Accuray, Aesynt Inc, AVRA Surgical Robotics, Cambridge Medical Robotics, IMRIS, IRobot, Johnson & Johnson, Kirby Lester, MAZOR Robotics, Medrobotics, MedTech, Medtronic, NovaTract Surgical, Olympus, OmniGuide Holdings, Smith & Nephew, Stereotaxis, TransEnterix, Verb Surgical, and Verily Life Sciences

Commenting on the report, an analyst from Technavio’s team said: “The market has been witnessing a development in the use of low-cost robotic surgical systems, which is expected to change the market dynamics in the future. One of the reasons for low penetration rates in the market is the high cost of robotic surgical systems. Therefore, emerging competitors are currently focusing on developing cost-effective robotic systems and are likely to challenge the dominance of established vendors by providing greater affordability and technological innovation. The vendors are developing low-cost robotic surgical systems by incorporating new type of motors that use ceramics or plastics rather than metal components. The use of plastics will eventually reduce their operational costs, thereby improving the affordability. Also, the researchers are focusing on reducing the cost of sensors used in robotic surgical systems by developing smaller size components.”

According to the report, the limitations involved in open surgeries have driven the adoption of surgical robots. Open and laparoscopic surgeries require large incisions, and longer recovery times, which affect the individual’s outcomes. Also, this procedure is associated with increased infection rates and increased blood transfusion rates. Therefore, the surgeons are increasingly adopting urological surgical robots owing to its benefits over open surgeries. Some of the advantages of urological surgical robots include reduction of incision size, fewer blood transfusions, and improved recovery times. Also, it reduces urinary incontinence, erectile dysfunction, and mortality rates. Further, robotic urological surgery enhances surgeon’s skills, reduces variability, and provides opportunities for simulation.

Further, the report states that the presence of alternative treatment methods poses a challenge to the robotic surgeries market. Some of the alternative therapies include high intensity focused ultrasound (HIFU), laparoscopy, cryotherapy, and open surgeries. The presence of complexities involved in the use of robotic surgical systems, coupled with the lack of skilled surgeons is forcing the existing healthcare fraternity to shift toward other popular alternative therapies, for treating a wide variety of disorders such as urology, gynecology, general surgeries, and other conditions.



Companies Mentioned

Auris Surgical Robotics, Intuitive Surgical, Stryker, Titan Medical, Accuray, Aesynt Inc, AVRA Surgical Robotics, Cambridge Medical Robotics, IMRIS, IRobot, Johnson & Johnson, Kirby Lester, MAZOR Robotics, Medrobotics, MedTech, Medtronic, NovaTract Surgical, Olympus, OmniGuide Holdings, Smith & Nephew, Stereotaxis, TransEnterix, Verb Surgical, Verily Life Sciences.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Market impact factors
      • Table Advantages and disadvantages of robotic surgeries
      • Table Advantages of robotic surgeries over open surgeries
    • Clinical studies to prove efficacy of robotic platform
      • Table Evolutions in surgical procedures
    • Present and future market scenario of robotic platform
      • Table Entry strategies for new entrants in the robotic surgery market
  • Economic analysis of robotic surgery
    • Cost components
      • Table Cost comparison of robotic surgery versus laparoscopy and open surgery by research studies in 2014
  • Market landscape
    • Market overview
      • Table Global robotic surgery market snapshot
      • Table Global robotic surgery market 2015-2020 ($ billions)
      • Table Analysis of global robotic surgery market
      • Table Global robotic surgery market analysis: Developed and emerging markets
      • Table Global robotic surgery market: Opportunity analysis
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Table Global robotic surgery market was segmentation into following types:
    • Table Global robotic surgery market segmentation by product type 2015-2020
    • Table Global robotic surgery market segmentation by product type 2015
    • Table Global robotic surgery market segmentation by product type 2015
    • Robotic surgery systems
      • Table Global robotic surgery market by systems 2015-2020 ($ millions)
      • Table Opportunity analysis of robotic surgery systems market
    • Instruments and accessories
      • Table Global robotic surgery market by instruments and accessories 2015-2020 ($ millions)
      • Table Opportunity analysis of global robotic surgery market by instruments and accessories
    • Robotic surgery services
      • Table Global robotic surgery market by services 2015-2020 ($ millions)
      • Table Opportunity analysis of global robotic surgery services market
      • Table Global robotic surgery market segmentation by product type 2015-2020 ($ millions)
      • Table Global robotic surgery market segmentation by product type 2015-2020 (%)
      • Table Impact of global robotic surgery market by product type
  • Market segmentation by application
    • Table Global robotic surgery market segmentation by application type
    • Table Global robotic surgery market segmentation by application 2015-2020
    • Table Global robotic surgery market segmentation by application 2015
    • Table Global robotic surgery market segmentation by application 2015
    • Urology
      • Table Cost comparison: Robotic surgery versus laparoscopic surgery for prostate cancer
      • Table Comparison: da Vinci Prostatectomy versus open and laparoscopic surgery 2014
      • Table Global urology robotic surgery market 2015-2020 ($ millions)
      • Table Global urology robotic surgery market: Opportunity analysis
    • Gynecology
      • Table Clinical efficacy and market impact: Positive study results by companies
      • Table Global gynecology robotic surgery market 2015-2020 ($ millions)
    • General surgery
      • Table Global general surgery robotic surgery market 2015-2020 ($ millions)
      • Table Global general surgery robotic market: Opportunity analysis
    • Others
      • Table Global robotic surgery market for other disorders: Opportunity analysis
      • Table Global robotic surgery market by other surgical applications 2015-2020 ($ millions)
      • Table Global robotic surgery market segmentation by application type based on revenue 2015-2020 ($ millions)
      • Table Global robotic surgery market segmentation by application type 2015-2020 (%)
  • Market segmentation by volume
    • Table Global robotic surgery market segmentation by volume 2015
    • Table Global urology robotic surgery market based on procedures 2015-2020 (in 100s)
    • Table Global gynecology robotic surgery market based on procedures 2015-2020 (in 100s)
    • Table Global general surgery robotic surgery market based on procedures 2015-2020 (in 100s)
    • Table Global robotic surgery market for other application based on procedures 2015-2020 (in 100s)
    • Table Segmentation of global robotic surgery market by procedures for application type 2015-2020 (in 100s)
  • Market segmentation by end-user
    • Hospitals
      • Table Americas: Country-specific market impact by hospitals and clinics
      • Table EMEA: Country-specific market impact by hospitals and clinics
      • Table APAC: Country-specific market impact by hospitals and clinics
    • ASCs
  • Geographical segmentation
    • Table The global robotic surgery market segmentation by geography 2015-2020
    • Table The global robotic surgery market segmentation by geography 2015
    • Table The global robotic surgery market segmentation by geography 2015
    • Robotic surgery market in Americas
      • Table Number of Intuitive Surgical system installations in few major countries of Americas (till Q3-2015)
      • Table Robotic surgery market in Americas 2015-2020 ($ millions)
      • Table Americas: Robotic surgery market
      • Table Robotic surgery market in Americas: Opportunity analysis
    • Robotic surgery market in EMEA
      • Table Number of Intuitive Surgical system installations in few major countries of EMEA (till Q3-2015)
      • Table Robotic surgery market in EMEA 2015-2020 ($ millions)
      • Table Robotic surgery market in EMEA: Opportunity analysis
      • Table EMEA: Robotic surgery market
    • Robotic surgery market in APAC
      • Table Number of Intuitive Surgical system installations in few major countries of APAC (till Q3-2015)
      • Table Robotic surgery market in APAC 2015-2020 ($ millions)
      • Table Robotic surgery market in the APAC: Opportunity analysis
      • Table APAC: Robotic surgery market
      • Table The global robotic surgery market segmentation by geography 2015-2020 ($ millions)
      • Table The global robotic surgery market segmentation by geography 2015-2020 (%)
  • Market drivers
    • Limitations involved in traditional/conventional surgeries fuels adoption of robotic surgical platforms
      • Table Advantages of robotic surgeries over open surgeries
      • Table Advantages of robotic surgeries over open and laproscopic surgeries
      • Table Comparison of complications involved in robotic surgeries versus open surgeries
    • Growing surgeons' focus on minimally invasive surgeries
    • Increasing number of shipped products under lease
      • Table Estimated number of shipments of da Vinci based on leasing agreement in geographic regions
    • Growing focus on emerging economies
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High maintenance and equipment cost of robotic platform
      • Table Cost comparison: Robotic surgery versus open and laparoscopic surgery
    • Low penetration rates
    • Availability of alternative treatment methods
    • Shortage of skilled surgeons
    • Lack of clinical evidence affect adoption rates of surgical robots
      • Table Lack of clinical evidence impact on the robotic surgery market
      • Table Forcefield analysis of global robotic surgery market
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing focus toward development of low-cost robotic surgical systems
      • Table Differences between Intuitive Surgical and Titan medical robotic platforms
      • Table Cost comparison of Intuitive Surgical and Titan Medical robotic systems
    • Rising demand for micro and nano robots in surgical procedures
    • Growing strategic partnerships to develop advanced robotic platforms
      • Table Development of robotic platforms through partnerships
      • Table Business strategies of vendors for robotic platform development
      • Table Impact of trends on global robotic surgery market
  • Vendor landscape
    • Table Competitive structure analysis of global robotic surgery market 2015
    • Table Competitive landscape analysis of global robotic surgery market 2015
    • Table Strategic success factors of companies in global robotic surgery market
    • Key news
  • Key vendor analysis
    • Intuitive Surgical
      • Table Key highlights of Intuitive Surgical
      • Table Intuitive Surgical strength assessment
      • Table Intuitive Surgical strategy assessment
      • Table Intuitive Surgical: Opportunity assessment
    • Auris Surgical Robotics
      • Table Key highlights of Auris Surgical Robotics
      • Table Auris Surgical Robotics strength assessment
      • Table Auris Surgical Robotics strategy assessment
      • Table Auris Surgical Robotics: Opportunity assessment
    • Titan Medical
      • Table Key highlights of Titan Medical
      • Table Titan Medical strength assessment
      • Table Titan Medical strategy assessment
      • Table Titan Medical: Opportunity assessment
    • Stryker
      • Table Key highlights of Stryker
      • Table Stryker strength assessment
      • Table Stryker strategy assessment
      • Table Stryker: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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