The Global Robotic Surgery market is forecast to grow at a CAGR of 11.65 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in the aging population. The Global Robotic Surgery market has also been witnessing the increase in automation. However, the high cost could pose a challenge to the growth of this market.
Key vendors dominating this space are Accuray Inc., Hansen Medical Inc., Intuitive Surgical Inc., and MAKO Surgical Inc.
Another vendor mentioned in the report is Titan Medical Inc.
A shift from the traditional methods of minimally invasive surgeries to robot-assisted techniques has been observed over the past few years. Robotic surgery permits surgeons to operate through infinitely smaller incisions, which results in significantly less pain, scarring and recovery time for patients. In addition to a shorter hospital stay, automation offers other advantages to patients including less risk of infection, less blood loss, fewer transfusions, and a quicker return to normal activities. Further, the increasing desire of both patients and surgeons for most effective and advanced treatment options is driving the increased investment in robotic surgical equipment by hospitals across the globe. This increasing demand for automated alternatives is influencing growth of robotic systems as a whole, and is shifting manufacturers’ focus toward automation. As the technology grows, and patients experience the benefits of robotic surgery, the demand for robotic procedures increases.
One of the main drivers in this market is the increase in aging population. People aged 60 and above are more prone to chronic diseases and require more surgical interventions, thus requiring more use of medical robots.
Further, one of the major challenges in this market is the high cost of these instruments. This is the major factor that is holding back demand, especially in the developing markets.
Table of Contents
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
06. Market Landscape
06.1 Market Overview
06.2 Market Size and Forecast
06.3 Market Size and Forecast (by Procedure Volume)
06.3.1 Market Size and Forecast
06.4 Five Forces Analysis
07. Market Segmentation by Application
08. Geographical Segmentation
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
16.1 Competitive Scenario
16.1.1 Key News
16.1.2 Mergers and Acquisitions
16.2 Market Share Analysis 2013
17. Key Vendor Analysis
17.1 Accuray Inc.
17.1.1 Business Overview
17.1.2 Key Information
17.1.3 SWOT Analysis
17.2 Hansen Medical Inc.
17.2.1 Business Overview
17.2.2 Key Information
17.2.3 SWOT Analysis
17.3 Intuitive Surgical Inc.
17.3.1 Business Overview
17.3.2 Key Information
17.3.3 SWOT Analysis
17.4 MAKO Surgical Corp.
17.4.1 Business Overview
17.4.2 Key Information
17.4.3 SWOT Analysis
18. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Global Robotic Surgery Market 2013-2018 (US$ billion)
Exhibit 3: Global Robotic Surgery Market 2013-2018 (by procedure volume)
Exhibit 4: Global Robotic Surgery Market Segmentation by Application
Exhibit 5: Global da Vinci Prostatectomy Procedures 2010-2012
Exhibit 6: Global da Vinci Hysterectomy Procedures 2010-2012
Exhibit 7: Global Robotic Surgery Market Segmentation by Application 2013
Exhibit 8: Global Robotic Surgery Market by Geographical Segmentation 2013
Exhibit 9: Global da Vinci System Installed Base 2010-2013