Image Guided and Robot Assisted Surgery Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Intuitive Surgical Inc, Medtronic plc, BrainLAB, Stryker Corporation, Smith & Nephew plc

 

Registering a CAGR of 14.5% over the forecast period, the market value of Image Guided and Robot Assisted Surgery is expected to reach US$ 8289.8 million in the year 2027.

Image Guided and Robot Assisted Surgery Market Overview

Surgical procedures have altered dramatically in recent decades as a result of advancements such as tiny cameras, three-dimensional imaging systems, motion sensors, and remote navigation and robotic catheter control systems. Da Vinci Surgical Technology, developed by Intuitive Surgical, Inc., is the most widely recognized technology for complex surgeries. Even the most difficult laparoscopic operations can benefit from this computer-assisted technology. This cutting-edge approach reduces surgical errors while also improving patient outcomes. The market for image-guided and robot-assisted surgical operations is predicted to grow as hospitals spend more on medical devices and equipment. The Da Vinci System is being used to perform surgery in a variety of disciplines. Robots such as Rosa spine and Rosa brain, on the other hand, are utilized to execute spinal and neurological surgeries. When compared to traditional techniques, this reduces the risk of errors. Over the forecast period, an increase in spinal and neurological injuries is expected to fuel market growth.

The report aspects discussed the profile of the top manufacturers of the global Image Guided and Robot Assisted Surgery market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Image Guided and Robot Assisted Surgery Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Industry News and Updates:

Medtronic announces first procedure in Europe with Hugo™ robotic-assisted surgery system

Feb. 2, 2022 -- Medtronic plc (NYSE:MDT), a global leader in healthcare technology, and OLV Hospital Aalst today announced that the first clinical procedure in Europe was performed with the Hugo™ robotic-assisted surgery (RAS) system. The robotic prostatectomy was performed by Prof. Alexandre Mottrie, M.D., head of urology at OLV Hospital in Aalst, Belgium, and chief executive officer and founder of the Belgium-based ORSI Academy, a multidisciplinary center for training, research and development, and data analysis to improve minimally invasive surgery best practices.

Siemens to acquire robotic surgery systems maker Corindus for $1.1 billion

Aug 8, 2019: Siemens Healthineers is dashing deeper into surgical robotics, shelling out $1.1 billion in cash to pick up Corindus Vascular Robotics, maker of a minimally invasive platform for coronary, peripheral and neurovascular procedures. Siemens’ medical solutions subsidiary will acquire all issued and outstanding shares of Corindus’ common stock for $4.28 per share. 

What are the major Applications, Types and Regions for Image Guided and Robot Assisted Surgery Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Image Guided Surgery System


• Robot Assistance Program

The classification of image guided and robot assisted surgery includes image guided surgery and robot assisted surgery, and the proportion of robot assisted surgery in 2019 is about 65.36%.

By Application, it is segmented into

• General Surgery


• Orthopaedic Surgery


• Urology Surgery


• Others

The most proportion of image guided and robot assisted surgery is in general surgery and the revenue proportion in 2019 is about 28%.

Image Guided and Robot Assisted Surgery Market Regional Analysis

In 2020, North America accounted for the highest market share and is expected to dominate the market with 70.2% share in 2027. 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 65.8% share in the global market mainly due to higher penetration of image-guided robots and surging awareness and adoption of minimally invasive surgeries.

Europe was the second-largest region with 20.5% market share in 2020. 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 20.9% 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.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Image Guided and Robot Assisted Surgery Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Image Guided and Robot Assisted Surgery Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Image Guided and Robot Assisted Surgery Market report scope?

Report Attributes	Report Details
Report Title	Image Guided and Robot Assisted Surgery Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Intuitive Surgical Inc, Medtronic plc, BrainLAB, Stryker Corporation, Smith & Nephew plc
Forecast Period 2022 to 2028 CAGR	CAGR of 14.5% over the forecast period (2022-2027)
By Type	Image Guided Surgery System Robot Assistance Program
By Application	General Surgery Orthopaedic Surgery Urology Surgery Others
By Companies	Intuitive Surgical, Inc. (Nasdaq:ISRG), Medtronic plc (NYSE:MDT), BrainLAB, Stryker Corporation (NYSE:SYK), Smith & Nephew plc (NYSE:SNN), Genesis Healthcare, Inc. (OTC:GENN), Koninklijke Philips N.V. (NYSE:PHG), Integra LifeSciences Holdings Corporation (Nasdaq:IART), Zimmer Biomet Holdings, Inc. (NYSE:ZBH), Karl Storz, Hitachi, Ltd. (OTC:HTHIY), Siemens Aktiengesellschaft (OTC:SIEGY), 7D Surgical, XION, Claron Technology
Regions Covered	North America Europe Asia-Pacific Rest of the World
Countries Covered	US Canada Germany France UK Italy Spain Rest of Europe China Japan India Australia South Korea Rest of Asia-Pacific Middle East & Africa Latin America
Base Year	2022
Historical Year	2017 to 2021
Forecast Year	2022 to 2027
Number of Pages	133
Customization Available	Yes, the report can be customized as per your needs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Takeaways from this Image Guided and Robot Assisted Surgery Report

• Evaluate Image Guided and Robot Assisted Surgery market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Image Guided and Robot Assisted Surgery market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Image Guided and Robot Assisted Surgery Market?

The Image Guided and Robot Assisted Surgery Market is growing at a CAGR of 14.5% over the next 5 years.

Who are the key players in Image Guided and Robot Assisted Surgery Market?

Intuitive Surgical, Inc. (Nasdaq:ISRG), Medtronic plc (NYSE:MDT), BrainLAB, Stryker Corporation (NYSE:SYK), Smith & Nephew plc (NYSE:SNN), Genesis Healthcare, Inc. (OTC:GENN), Koninklijke Philips N.V. (NYSE:PHG), Integra LifeSciences Holdings Corporation (Nasdaq:IART), Zimmer Biomet Holdings, Inc. (NYSE:ZBH), Karl Storz, Hitachi, Ltd. (OTC:HTHIY), Siemens Aktiengesellschaft (OTC:SIEGY), 7D Surgical, XION, Claron Technology

Which region is dominating the Image-Guided and Robot Assisted Surgery Market?

The Image-Guided and Robot Assisted Surgery Market is expanding in Europe, North America and Asia-Pacific regions.

What are the major types of Image-Guided and Robot Assisted Surgery Market?

Image Guided Surgery System, Robot Assistance Program

What are the major end-use applications of Image-Guided and Robot Assisted Surgery Market?

General Surgery, Orthopaedic Surgery, Urology Surgery, Others

By type, which segment will grow at a highest CAGR during 2022-2027?

Robot assisted surgery segment will grow at a CAGR of 60.5% during 2022-2027.

By application, which segment will grow at a highest CAGR during 2022-2027?

General surgery segment will grow at a CAGR of 25% during 2022-2027.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.