Global Image-Guided and Robot-Assisted Surgical Procedures Market, By Specialty Type (Gynecologic Surgery, Urologic Surgery, General Surgery, Cardiothoracic Surgery, Head and Neck Specialties), End User (Hospitals, Ambulatory Surgical Centers, Clinics and Others) – Industry Trends and Forecast to 2030.
Image-Guided and Robot-Assisted Surgical Procedures Market Analysis and Size
The introduction of Mako robots, Rosa Spine, Rosa Brain, Mazor X, and Renaissance is expected to increase the number of these medical procedures worldwide between 2017 and 2025. Medical robots are used for hysterectomies, and either single-site or multi-port technology is used. The multi-port approach is used to carry out the majority of these operations. Robotic surgery is predicted to become more common as a result of the quick technological improvements in the field. The market is anticipated to be further driven by the increase in difficult operations and trauma incidence. Image-guided and robot-assisted surgeries are predicted to become more prevalent in developing economies such as Asia-Pacific and Latin America as hospital spending on medical equipment rises.
Data Bridge Market Research analyses that the image-guided and robot-assisted surgical procedures market which is USD 2.70 billion in 2022, is expected to reach USD 6.97 billion by 2030, at a CAGR of 12.6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Image-Guided and Robot-Assisted Surgical Procedures Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Specialty Type (Gynecologic Surgery, Urologic Surgery, General Surgery, Cardiothoracic Surgery, Head and Neck Specialties), End User (Hospitals, Ambulatory Surgical Centers, Clinics and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Abbott (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthcare Private Limited (Germany), General Electric (U.S.), FUJIFILM Holdings Corporation (Japan), Medtronic (Ireland), Brainlab AG (Germany), Varian Medical Systems, Inc. (U.S.), CANON MEDICAL SYSTEMS CORPORATION (Japan), Analogic Corporation (U.S.), TOSHIBA CORPORATION (Japan), Hitachi, Ltd (Japan), Elekta (Sweden)
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Market Opportunities
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Market Definition
Image-guided and robot-assisted surgical procedures are minimally invasive procedures in which surgeons use imaging technology to guide their tools and implants. These procedures are significant because they provide numerous advantages over traditional open surgery, such as smaller incisions, less pain, shorter hospital stays, and faster recovery times.
Image-Guided and Robot-Assisted Surgical Procedures Market Dynamics
Drivers
- Increasing incidence of chronic diseases
The global prevalence of chronic diseases is rapidly increasing. This is primarily due to people's changing lifestyles and dietary habits all over the world. According to a World Health Organization (WHO) study, non-communicable diseases account for more than 63% of all deaths worldwide. This figure is expected to rise to nearly 75% by 2030. Image-guided and robot-assisted surgical procedures have been shown to be extremely effective in the treatment of chronic diseases such as cancer, heart disease, and stroke. As a result, demand for them is expected to rise in the coming years.
- Advanced imaging technologies
In recent years, the field of image-guided and robot-assisted surgery has seen rapid technological advancements. Newer, more advanced imaging technologies are being developed to give surgeons greater clarity and precision during surgery. Robot technology is also rapidly evolving, with newer models smaller, faster, and more dexterous than ever before. All of these advancements contribute to image-guided and robot-assisted surgeries being safer and more efficient than ever before.
Opportunities
- Technological advances
Surgeries have changed as a result of technological advances such as tiny cameras, three-dimensional (3D) imaging, movement sensors, and remote route and automated catheter control frameworks in image guided robots. As a result, careful results have improved. The presentation of careful robots is another factor influencing overall positive well-being outcomes due to reduced careful time and mistakes. The Da Vinci Surgical System is the most widely used framework for complex medical procedures. It is joined by an upgraded PC framework, which increases its ability to perform laparoscopic medical procedures.
Restraints/Challenges
- High cost
There is no doubt that robotic surgery is expensive. The surgical robots are expensive to buy and maintain and this type of surgery system may raise the cost of a surgical procedure. Furthermore, their operation will necessitate additional training, which will be costly as well. In general, robotic surgery may cost between $3000 and $6000 more than traditional surgery.
This image-guided and robot-assisted surgical procedures market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the image-guided and robot-assisted surgical procedures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2020, avateramedical GmbH, a creative German Medtech company, 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 who provide avateramedical's clients, employees, and shareholders with a stable and scalable in-house software platform.
- In 2022, CMR Surgical, a global surgical robotics company, announced the launch of its Versius Surgical Robotic Technology in Brazil, marking the company's first entry into Latin America (LatAm). Versius is being used as part of a multi-specialty robotic surgical initiative at the Hospital e Maternidade Sao Luiz Itaim, Rede D'Or in Sao Paolo, Brazil.
Global Image-Guided and Robot-Assisted Surgical Procedures Market Scope
The image-guided and robot-assisted surgical procedures market is segmented on the basis of specialty type, end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Specialty Type
- Gynecologic Surgery
- Urologic Surgery
- General Surgery
- Cardiothoracic Surgery
- Head
- Neck Specialties
End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
Image-Guided and Robot-Assisted Surgical Procedures Market Regional Analysis/Insights
The image-guided and robot-assisted surgical procedures market is analyzed and market size insights and trends are provided by country, specialty type, end user as referenced above.
The countries covered in the image-guided and robot-assisted surgical procedures market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the image-guided and robot-assisted surgical procedures market due to increasing trauma cases, medical robots' adoption, higher penetration of robotics, and increasing awareness about minimally-invasive surgeries.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the improvement in the healthcare infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The image-guided and robot-assisted surgical procedures market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for image-guided and robot-assisted surgical procedures market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the image-guided and robot-assisted surgical procedures market. The data is available for historic period 2011-2021.
Competitive Landscape and Image-Guided and Robot-Assisted Surgical Procedures Market Share Analysis
The image-guided and robot-assisted surgical procedures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to image-guided and robot-assisted surgical procedures market.
Some of the major players operating in the image-guided and robot-assisted surgical procedures market are:
- Abbott (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Siemens Healthcare Private Limited (Germany)
- General Electric (U.S.)
- FUJIFILM Holdings Corporation (Japan)
- Medtronic (Ireland)
- Brainlab AG (Germany)
- Varian Medical Systems, Inc. (U.S.)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
- Analogic Corporation (U.S.)
- TOSHIBA CORPORATION (Japan)
- Hitachi, Ltd (Japan)
- Elekta (Sweden)
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