Surgical robotic system is a
technologically advanced surgical solution, used mainly during complicated
surgical procedures. The surgical robotic system includes surgeons console,
surgical arms and monitoring systems & software.
The surgical
robotic system market has gained prominence in the recent years owing to
rapid technological advancements, increase in investments in R&D and its
extensive application in critical surgeries such as cardiac, orthopedic and
neurosurgery. Further, wide scope of applications in different surgeries,
increasing demands for advanced medical facilities and rising incidence of
diseases such as cancer and obesity, majorly supplement the growth of the
global surgical robotic systems market. On the contrary, high costs of surgical
robotic procedures, lack of awareness and inadequate presence of trained
personnel are major factors impeding the surgical robotic system market growth.
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The global surgical robotic systems
market is segmented into component, surgery type and region. Based on
component, the market is segmented into systems, accessories, and services. The
surgical robotic systems market based on type of procedures is segmented into
gynecology surgery, urology surgery, neurosurgery, orthopedic surgery, general
surgery and others. Region wise, the market is analyzed across North America,
Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact Analysis:
As per the industry experts, long term effect of
COVID-19 outbreak is expected to be witnessed over the coming years. This
pandemic has disrupted growth in many economies across various domains. The
COVID-19 outbreak is expected to impact positively on the surgical robotic
system market in the during the forecast period. In many hospitals around the
world, non-emergent surgeries were put on hold as hospitals were transformed
into COVID centers. COVID-19 has put a virtual halt to elective surgeries,
robotic-assisted surgeries are beneficial to support of critical patients,
owing benefits over open surgery and often over conventional laparoscopy
surgeries. The pandemic has given a boost to robotic-assisted surgeries and
many systems have been installed in developing countries in the last few
months.
Top Key Players:
The report provides some of the key players
operating in the surgical robotic system market include Intuitive Surgical,
Inc., Stryker Corporation, Titan Medical Inc., Transenterix, Inc., Johnson
& Johnson, Globus Medical, Inc., Medtronic Plc., SIEMENS AG (Siemens
Healthineers), Smith & Nephew and Zimmer Biomet Holdings Inc.
Key Findings Of The Study
- By Component, the accessories segment occupied 13.6% share of the surgical robotic systems market in 2019.
- By application, the orthopedic surgery segment is anticipated to grow with the highest CAGR throughout the forecast period.
- By region, North America is anticipated to experience growth at 13.4% during the forecast period.
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