Surgical Robot Market is Anticipated to Increase USD 20.8 billion by 2024: Research Report by Hexa Reports
The report ” Surgical Robot Market ” has been represented in terms of products, application, and brands in various regions of the world. However, in order to cater to specific needs of any clients, the study can be further customized.
Felton, United States – August 1, 2016 /MarketersMedia/ —
The prevalence of chronic disorders, such as chronic heart diseases and various types of cancer, is on a rise. These diseases frequently require surgery as a line of treatment. With the advent of surgical robot, these surgeries have become easier and less traumatic, thereby propelling the demand over the forecast period.
The surgical robotic system causes less postoperative complications and reduces the length of hospital stay for a patient. This further helps to save treatment cost as well as labor cost. Owing to these benefits, these devices are now favored by hospitals in developing as well as developed regions.
The introduction of evolved systems is expected to boost the market growth over the forecast period. The development of computer software coupled with such robotic systems result in higher precision and better viewing of the incision site. This is expected to propel the demand over the forecast period.
The rising popularity of minimally invasive procedures due to their patient-friendly nature is the vital driver for this industry. Surgical robot help in performing complicated procedures through navigation and magnification options.
Request a Sample Copy of ” Surgical Robot Market ” report @
http://www.hexareports.com/sample/118853
Further key findings from the study suggest:
• Robot systems held a lucrative share of around 42.0% in the product segment. Robot systems were followed by accessories and are also anticipated to witness a substantial growth owing to their frequent repurchase.
• On the other hand, services are anticipated to grow at a lucrative rate of around 20.0% over the forecast period. Periodic maintenance of the existing robotic systems is mandatory; hence, this segment is anticipated to witness a substantial growth.
• The da Vinci Surgical System by Intuitive Surgical, Inc. dominated this industry in 2015. This system is the first U.S.FDA approved system; hence, retains the first mover advantage.
• ROSA surgical system by Medtech is anticipated to witness a lucrative growth over the forecast period. These systems are intended for the brain and spinal cord surgeries. Recent approval for ROSA systems as well as expansion in European and North American Region by Medtech is anticipated to support the growth of this system.
• Gynecology held significant share of around 30.0% in application segment followed by general surgery segment which is anticipated to witness remunerative share over the forecast period. Rising prevalence of colorectal cancer further contributed towards the growth of this segment.
• North America is the dominating market with lucrative shares of around 60.0% in 2015. However, Asia Pacific is projected to witness sturdy growth over the forecast period with the fastest growth rate. Healthcare advancements as well economic developments with the aid of government is anticipated to support the growth.
• The key players operating in this industry include Intuitive Surgical, Inc., Accuray, MAKO /Stryker, Medtech Surgical, Hansen Medical, TransEntrix, Titan Medical, Inc., and Renishaw Plc.
• New product launches and collaborative developments are key strategic initiatives undertaken by market players to sustain the competition
• For instance, in July 2015, Accuray and Raysearch Laboratories AB formed a strategic collaboration. Accuray will co-market and offer Raycare Oncology Information System (OIS) in designated major radiation markets
Browse More Related Reports on “Medical Devices”
http://www.hexareports.com/category/medical-devices-market
About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
For more information, please visit http://www.hexareports.com/report/surgical-robot-market/details
Contact Info:
Name: Ryan Shaw
Organization: Hexa Reports
Address: Felton Office Plaza 6265 Highway 9 Felton, California 95018
Phone: +1-800-489-3075
Release ID: 125943
Copyright © 1999-2013 SproutNews.com
