Global Radiosurgery Robotic systems market (2021-2026) by Product, Application, Source, End-User, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
Factors such as the increasing adoption of robotics in the healthcare industries for surgeries due to its efficacy to remove tumor cells has led to the growth of the market. Increasing incidences of brain cancer and other cancer worldwide, rising adoption of minimally invasive surgical procedures are the major factors driving the growth of the radiosurgery robotic systems market. Technological Advancement is a major trend that is anticipated to increase the adoption of robotic radiosurgery systems.
However, the high cost of robotic systems is a key factor limiting market growth in the coming years. The complex integration of robots with the system is also hindering the growth of the market. Rapid technological advancements in robotics and the healthcare sector, along with increasing investments in the R&D, shall bring about positive growth opportunities in the market.
- Increasing Preference For Minimally Invasive Surgical Procedures
- Increasing Adoption of Robotics in the Medical Industry
- Rising Accuracy in Treatments of Cancer and Tumors by using Surgical Robots
- Advantages offered by Robot-Assisted Training in Rehabilitation Therapy
- High Cost of Robotic Systems
- Safety Concerns over Robotic Surgery Devices
- Rapid Growth in the Geriatric Population
- Rising Adoption of Robotic Technology
- Increase in Funding for Medical Robots Research
- Complexities Regarding the Integration of Robots with the System
By Product, The Instruments & Accessories segment commanded the largest share of the market. The growth of this segment is attributed to the recurrent purchase of instruments & accessories as opposed to robotic systems, which are a one-time investment.
By Application, Neurosurgery is estimated to account for the fast-growing segment during the forecasted period due to the increasing precision, increasing adoption of surgical robots, and improved medical robot quality.
By End-user, Hospitals are estimated as the fast-growing segment during the forecast period. The major surgeries are performed in the hospitals, and the hospitals have been improving with proper infrastructure. Medical robots and pharmacy robots are required at the hospitals for the tasks which have led to the growth of the segment.
By Geography, North America is estimated to account for the fast-growing segment during the forecasted period. The factors attributing to the growth of the region are high awareness and acceptance amongst the end-users due to its efficacy and advanced healthcare infrastructure setup.
The Global Radiosurgery Robotic systems market is further segmented based on the Product, Application, Source, End-User, and Geography.
Global Radiosurgery Robotic Systems Market, By Product
- Instruments & Accessories
- Robotic Systems
- System Services
- Other Robotic Systems
Global Radiosurgery Robotic Systems Market, By Application
- Orthopaedic Surgery
- Pharmacy Applications
- Other Applications
Global Radiosurgery Robotic Systems Market, By Source
- X-ray Based Systems
- Gamma-ray Based Systems
- Proton-beam Based Systems
Global Radiosurgery Robotic Systems Market, By End User
- Hospitals & Diagnostics Centres
- Ambulatory Surgery Centers
Global Radiosurgery Robotic System Market, By Geography
- North America
- South America
- Asia Pacific
- Rest of the World
Some of the companies covered in this report are Siemens Healthineers, Brainlab AG, Accuray Incorporated, Best Theratronics, Ltd, ViewRay, Inc., Huiheng Medical, Inc., Neusoft Medical Systems Co., Ltd., Elekta, Varian Medical Systems Inc., and MASEP Medical Science Technology Development (Shenzhen) Co., Ltd.IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share etc. Lions:
Represents companies with a strong foothold in the market, with the highest market share, large investments in technologies, new products. Bulls:
Companies that are medium in size competing with their USPs, growing companies with proven market share. Rabbits:
Small companies but growing rapidly, constantly improving their offerings in the market Tortoise:
Companies which are slow in growth, having a long legacy and stable or negative in performanceWhy buy this report?
The report offers a comprehensive evaluation of the Global Radiosurgery Robotic Systems Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence’s Proprietary competitive positioning tool.Report Highlights:
- A complete analysis of the market including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market