Pune, Maharashtra Feb 26, 2019 (Issuewire.com) - Global Surgical Robot Industry was valued at USD 6.5 Billion in the year 2017. Global Surgical Robot Industry is further estimated to grow at a CAGR of 20.6% from 2019 to reach USD 28.92 Billion by the year 2025. Asia-Pacific region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At country level, China, Japan, India are projected to grow strongly in the coming years.
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Major market players in Surgical Robots Verb Surgical Inc., Auris Health Inc., Medrobotics Corp., Virtual Incision Corp., THINK Surgical Inc., Titan Medical Inc., Hansen Medical, TransEnterix Surgical Inc., Mazor Robotics, Stereotaxis Inc., Accuray Incorporated, and the brief overview of 9 companies are also provided in the report. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Surgical Robot Industry:
Strength:
Adoption of robotics in Healthcare sectors
Increasing accuracy for health concerns
Weakness:
Higher Cost and maintenance
Opportunities:
Growth in the Healthcare Industry
Threats:
Government Regulations and norms.
The Global Surgical Robot Industry is segmented on the basis of surgery type, component, system type and region. The major shares of the Industry come from da Vinci Surgical system, by system type in Global Surgical Robot Industry. On the other hand, Services, by component for this Industry is expected to grow at highest CAGR during the year 2019-2025.
Surgical Robots Industry Segmentation:
By Component
• Accessories & Instrument
• Surgical Systems
• Services
By System Type
• Telesurgical System
• Supervisory-controlled system
• ZEUS Robotic Surgical System
• da Vinci Surgical system
• AESOP Robotic system
• Shared-control system
By Surgery Type
• General Surgery
• Neurosurgery
• Gynaecological Surgery
• Orthopaedic surgery
• Urological surgery
• Radiological surgery
• Others
By Region
• North America
o USA
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia-Pacific
• RoW
o Latin America
o Middle East & Africa
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