GVR Report cover Image-Guided & Robot-Assisted Surgical Procedures Market Size, Share & Trends Report

Image-Guided & Robot-Assisted Surgical Procedures Market Size, Share & Trends Analysis Report By Specialty Type (Gynecologic, Urologic, General, Cardiothoracic, Head & Neck) And Segment Forecasts, 2018 - 2025

  • Report ID: GVR-2-68038-417-8
  • Number of Pages: 96
  • Format: Electronic (PDF)
  • Historical Range: 2014 - 2015
  • Industry: Healthcare

Report Overview

The global image-guided & robot-assisted surgical procedures market size to be valued at USD 5.6 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 14.6% during the forecast period. Rapid technological advancements in medical robotics are expected to result in the growing adoption of robots in surgeries. The rising number of complex surgeries and trauma incidence are expected to further drive the market. Rise in spending on medical equipment by hospitals is expected to boost the penetration of image-guided and robot-assisted surgeries in developing economies, such as Asia Pacific and Latin America. An increasing number of complex orthopedic, gynecological, and urological surgeries is expected to fuel their demand over the forecast period. For instance, the introduction of Mako robots, Rosa Spine, Rosa Brain, Mazor X, and Renaissance is expected to boost the number of these medical procedures globally between 2017 and 2025.

Image-Guided & Robot-Assisted Surgical Procedures Market size, by specialty type

Technological advancements have transformed surgical procedures over the last few decades owing to upgrades such as microscopic cameras, three-dimensional imaging systems, motion sensors, and remote navigation and robotic catheter control systems. Da Vinci Surgical System, developed by Intuitive Surgical, Inc., is the most widely accepted system for complex procedures. This computer-enhanced system capable of aiding in complex laparoscopic procedures. This technologically-advanced system helps reduce surgical errors and provides a better patient outcome.

High spending on medical devices and equipment by hospitals is expected to further boost the market for image-guided and robot-assisted surgical procedures. At present, Da Vinci System is used to perform surgeries across a wide range of specialties. Whereas robots such as Rosa spine and Rosa brain are used to perform spinal and neurological operations respectively. This lowers the chances of errors as compared to conventional procedures. A rise in spinal and neurological injuries is expected to further fuel the market expansion over the forecast period.

Developed economies such as North America and Europe currently have higher market share in terms of revenue owing to surging adoption technologically-advanced medical robots and demand for minimally invasive surgeries. Developing economies such as Latin America and Middle East and Africa have a fewer image-guided robots due to a higher cost and lower adoption.

Image-Guided & Robot-Assisted Surgical Procedures Market Trends

Image-guided & robot-assisted surgical procedures are growing in complicated gynecological and orthopedic surgery. Increased neurological and spinal injuries and hospital spending on medical equipment are major factors bolstering the market. The growing desire for minimally invasive surgeries is also anticipated to grow globally.

Technological advancements such as three-dimensional (3D) imaging, microscopic cameras, motion sensors, remote navigation, and robotic catheter control systems in image-guided robots and surgical procedures have transformed, and due to this surgical outcomes have improved. The use of surgical robots, which reduce surgery time and errors, is one of the primary factors influencing overall improved health outcomes.

Increasing demand for surgeries across the globe and lack of skilled surgeons acts as a limiting factor for the market. This issue is majorly faced in developing countries where proper equipment is not available and traditional procedure are practiced and has more chances for errors. Acknowledging the new process and techniques for rural and developing countries is the major challenging factor for the market.

These devices play a significant role in saving a patient’s life in cases of surgical requirements, and they are widely used to perform prostate cancer, bladder cancer, and kidney. The regulatory bodies regulate the surgical equipment equipped with AI technologies and comprise various social and ethical issues. It further creates new opportunities for the image-guided & robot-assisted surgical procedures market in the forecast period.

Specialty Type Insights

On the basis of specialty, the global image-guided and robot-assisted surgical procedures market was dominated by urologic surgeries. Rising adoption to perform complex prostate cancer, kidney, bladder cancer, and urinary blockage surgeries is expected to bode well for market demand. Robot-assisted gynecological procedures held 18.9% global revenue share in 2016 owing to an increasing number of gynecological interventions such as hysterectomy and sacrocolpopexy.

Prior to the approval of Da Vinci System for gynecological procedures in 2005, invasive procedures were performed for treating gynecological disorders, which led to increased blood loss and longer recovery periods. According to Intuitive Surgical, Inc., from 2005 to 2016; 80% of hysterectomies were performed using minimally invasive techniques. Hysterectomies that involve the use of medical robots are performed with either multi-port or single-site technology. Most of these surgeries are performed using the multi-port technique.

Image-Guided & Robot-Assisted Surgical Procedures Market share, by specialty type

Surgeries such as sleeve gastrectomy and gastric bypass are among the most commonly performed image-guided operations for morbid obesity in the U.S. Based on specialty, general surgeries accounted for the second-largest share of the market in terms of revenue. Surgical subspecialties catered by general surgeon include colorectal, hernia repair, cholecystectomy, and bariatric surgeries. Using surgical robots helps general surgeons to perform error-free operations. This, in turn, is expected to drive the adoption of these devices over the forecast period.

Regional Insights

In 2016, North America accounted for the highest market share and is expected to dominate the market with 64.6% share in 2025. High investment, increasing demand, the prevalence of trauma requiring robotic procedures, and the adoption of medical robots for complex interventions are the factors anticipated to boost revenue growth in North America. The U.S. accounted for 58.8% share in the global market mainly due to higher penetration of image-guided robots and surging awareness and adoption of minimally invasive surgeries.

Image-Guided & Robot-Assisted Surgical Procedures Market Trends by Region

Europe was the second-largest region with 17.4% market share in 2016. Price-sensitive economies such as Latin America and Middle East and Africa have a low adoption rate due to high cost.

Asia Pacific is anticipated to expand at a CAGR of 16.4% over the forecast period owing to factors such as improving healthcare infrastructure in countries like China and India. Japan, on the other hand, has one of the most developed healthcare systems and has wide adoption of automation in each field. This has created a lucrative opportunity for medical robotics manufacturers. These factors are expected to contribute to the regional market demand over the forecast period.

Key Companies & Market Share Insights

Some of the market players are Crouse Hospital, St. Vincent, St. Clair Hospital, Northwest Hospital & Medical Center, Atlantic Health System, The Princess Grace Hospital, Apollo Hospitals Enterprise Ltd., Medanta The Medicity, and George Washington University Hospital. Advanced medical robots being developed by Auris Surgical Robotics; Avateramedical GmbH; Cambridge Medical Robotics Ltd.; Verb Surgical, Inc.; and TransEnterix Surgical, Inc. are awaiting FDA approvals. These market participants are anticipated to increase competition in this market over the forecast period. The number of hospitals providing robot-assisted surgeries is limited due to high capital investment and requirement for high technical skills.

The market is dominated by hospitals. Hospitals are focusing on providing patients with high-quality services and lowering incidents of medical errors. High capital expenditure in hospitals as compared to other healthcare facilities is expected to promote lucrative growth in the years to come.

Recent Developments

  • In August 2020, avateramedical GmbH, a creative German Medtech firm, announced the acquisition of FORWARDttc GmbH, an automation technology company focused on robot hardware and software. It is an opportunity to join a close-knit group of skilled specialists that gives a stable and scalable in-house software platform to avateramedical's clients, workers, and shareholders.

  • In May 2022, CMR Surgical, the worldwide surgical robotics company, revealed the launch of its Versius® Surgical Robotic Technology in Brazil, signifying the company's first entry into Latin America (LatAm). The Hospital e Maternidade Sao Luiz Itaim, Rede D'Or in Sao Paolo is Brazil's first to utilize Versius as part of a multi-specialty robotic surgical initiative.

Image-Guided & Robot-Assisted Surgical Procedures Market Report Scope

Report Attribute

Details

Revenue forecast in 2025

USD 5.6 billion

Growth rate

CAGR of 14.6% from 2017 to 2025

Base year for estimation

2016

Historical data

2014 - 2015

Forecast period

2017 - 2025

Quantitative units

Revenue in USD million/billion and CAGR from 2017 to 2025

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Specialty type, region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

The U.S., Canada, The U.K., Germany, China, Japan, Brazil, Mexico, South Africa

Key companies profiled

Crouse Hospital, St. Vincent, St. Clair Hospital, Northwest Hospital & Medical Center, Atlantic Health System, The Princess Grace Hospital, Apollo Hospitals Enterprise Ltd., Medanta The Medicity, George Washington University Hospital.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Image-Guided & Robot-Assisted Surgical Procedures Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global image-guided and robot-assisted surgical procedures market report on the basis of specialty type and region:

Global Image-Guided & Robot-Assisted Surgical Procedures Market Segmentation

  • Specialty Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Gynecologic Surgery

    • Urologic Surgery

    • General Surgery

    • Cardiothoracic Surgery

    • Head & Neck Specialties

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

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