Surgical Robots Market Scope
Surgical robot are the equipment which are helps to perform surgical procedures. Open Surgery Type and Minimal Invasive Type are the type of surgical robot. These robots are used for General Surgery, urology, gynecology, transplants and others.
According to AMA, the Global Surgical Robots market is expected to see growth rate of 17.39%Initially Intuitive Surgical have started production of Surgical Robot named da Vinci system. Da Vinci is the leader in 2015 due to its position as the first mover of the industry. Later Smith & Nephew Plc., Intuitive Surgical, Auris Surgical Robotics, Inc., KUKA AG and Stryker Corporation have entered in the market with brand name such as Rosa, CyberKnife, Renaissance, MAKO, and others. However, the introduction of cost effective system included for growth of global surgical robot market. For instance, the Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Surgical Robots market throughout the predicted period.
Smith & Nephew Plc. (Blue Belt Technologies, Inc.) (United States), Intuitive Surgical (United States), Auris Surgical Robotics, Inc. (Hansen Medical Inc.) (United States), KUKA AG (Germany), Stryker Corporation (MAKO Surgical Corp.) (United States), Mazor Robotics (Israel), Renishaw plc (United Kingdom), Medtronic plc (United States), Zimmer Biomet Holdings Inc. (United States) and THINK Surgical Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Virtual Incision Corporation (United States).
Segmentation Overview
The study have segmented the market of Global Surgical Robots market by Type (Open Surgery Type and Minimal Invasive Type), by Application (General Surgery, Urology, Gynecology, Transplants and Others) and Region with country level break-up.
On the basis of geography, the market of Surgical Robots has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Numbers of Chronic Diseases and Adoption of Advanced Robotic Surgeries
Market Growth Drivers:
Upspring Essentials of Automation in Healthcare Industry, Complication of Surgical Processes and Rising Demand of Invasive Surgeries
Challenges:
High Cost of Surgical Robots and More Entrance Level Obstacles Due to Patent
Restraints:
Famine of Properly Trained Medical Experts
Opportunities:
Emerging Nation will Create Productive Opportunities and Mergers and Acquisitions is Needed for Expansion of Business
Market Leaders and their Expansionary Development Strategies
1st Octomber 2018, STRYKER has acquired Hyperbranch Medical Technology, Inc. Total cost of deal approximately 220 million dollar.
Key Target Audience
Surgical Robot manufacturers, Surgical Equipment distributors, Hospitals, Investors, Government and Private Research Organizations and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.