Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Robotic
Surgery market makes an offering of in-depth analysis of
segments and sub-segments in the regional and international Robotic Surgery market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Robotic
Surgery market over the short as well as long period of
time. A detailed presentation of forecast, trends, and dollar values of global Robotic
Surgery market is offered. In accordance with the report, the global Robotic
Surgery market is projected to expand at a CAGR of 9% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Robotic
surgery is one types of minimally invasive surgeries which is performed to
overcome pre-existing problems during complicated surgeries. It has integrated
the advanced computer technology and experience of surgeons and provides the
surgeons greater precision and flexibility.
The global Robotic Surgery market is primarily driven by
the increasing adoption of minimally invasive surgeries across worldwide. According
to a study published in Yonsei Medical Journal, published in 2018, more than
10,000 robotic surgeries (da Vinci robotic procedure) were performed in a
single health institute in South Korea between the period July 2005 and
December 2013. One of the spokespersons from the Intuitive Surgical, Inc.
informed that the number of da Vinci procedures per year reached to 877,000 in
2017 from 136,000 in 2008.
On the contrary, the growth of the global Robotic Surgery
market may be hampered by less awareness about the true cost of robotic surgery
across worldwide. One of the renowned health economists from the University of
California, confirmed that most clinicians and administrators do not have idea
about the true cost of the robotic surgeries and the cost which was previously
estimated is not accurate. Other barrier for the growth of the global Robotic
Surgery market is technical difficulty during surgery.
Mergers and
acquisitions/joint ventures among key market players, technological
advancements etc. will open up the global Robotic Surgery market to grow over
the forecast period. For example, Medtronic acquired Mazor Robotics and its
proprietary robotic guidance system for spine surgery in 2018. The US$ 1.6 Bn
deal was made in order to advance the spine surgery with the guidance of
robotic system, confirmed by the VP of the Restorative Therapies Group,
Medtronic. Furthermore, Intuitive Surgical acquired the robotic endoscopy
business of Schölly Fiberoptic in 2019 whereas the acquisition is expected to
provide Intuitive Surgery high quality maintenance and repair business of
robotic endoscope products in upcoming future.
Segment Covered:
This market
intelligence report on the global Robotic Surgery market encompasses market
segments based on practice area, organ, end user and geography. On the basis of
practice area, the sub-market is segmented gastroenterology, urology,
gynecology, ENT, Neurology, and other . Based on organ, the global Robotic
Surgery market is categorized into thyroid, prostate, stomach, colorectal,
kidney/uterus, head and neck, thoracic, others. In terms of end user, the global
Robotic Surgery market has been segregated into hospitals and ambulatory
surgery centers, and clinics. By Geography, the global Robotic Surgery market has been divided into North America
(the U.S., Canada), Latin America (Brazil, Mexico, Argentina and other
countries), Europe (Germany, France, the U.K., Spain, Italy, Russia, and other
countries), Asia Pacific (India, Japan, China, Australia and New Zealand and
other countries), Middle East and Africa (GCC, South Africa, Israel and Other
countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as Medtronic, Intuitive Surgical, Stryker, Smith and
Nephew, Zimmer Biotech, Auris Surgical Robotics, Renishaw, Curexo Technology,
Transenterix, Medrobotics, and others have been profiled into detail so as to
offer a glimpse of the market leaders. Moreover, parameters such as robotic
surgery related investment & spending and developments by major players of
the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
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This study offers
comprehensive yet detailed analysis of the Robotic
Surgery market, size of the market (US$ Mn), and Compound
Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking
into account 2018 as the base year
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It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
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This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
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Profiling of
key market players in the world Robotic Surgery market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
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Leading
market players covered this report comprise names such as Medtronic, Intuitive Surgical, Stryker, Smith and
Nephew, Zimmer Biotech, Auris Surgical Robotics, Renishaw, Curexo Technology,
Transenterix, Medrobotics and among others
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The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for surgical robotics caters to the needs
of various stakeholders pertaining to this industry, namely suppliers, manufacturers,
investors, and distributors for surgical robotics market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
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Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
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Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the global Robotic Surgery market
v
Identification
of key factors driving investment opportunities in the Robotic
Surgery market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects