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Robotic Surgery Services Global Market Report 2020-30: Covid 19 Growth and Change

Region:Global

Product Code:7510

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Published On

May 2020

Total pages

200 Table of Content

Market Overview
Scope Of The Report
Product covered
Table Of Content
Research Methodology
FAQs

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About the Report

Major players in therobotic surgery services market are Intuitive Surgical Inc, Stryker Corporation, Medrobotics Corporation, Johnson & Johnson, Globus medicals, NuVasive, Smith & Nephew plc, Titan Medical Inc, TransEnterix Inc, and University of Pittsburgh Medical Center.

The global robotic surgery services market is expected to decline from USD 0.71 billion in 2019 to USD 0.57 billion in 2020 at a compound annual growth rate (CAGR) of -19.04%. The decline is mainly due to the Covid-19 outbreak resulting in other patients delaying their episodes of care. The market is then expected to recover and reach USD 1.03 billion in 2023 at CAGR of 21.55%.

The robotic surgery services market consists of the sale of services provided Robotic surgical technology, the highly advanced technological form of non-invasive surgery that utilizes robots and computer systems to conduct surgeries with lesser incision and more precision. The commonly used robotic surgical system consists of a mechanical arm and camera arm attached to surgical instruments with a controlled by a surgeon being seated at a computer console which is usually in the same room as the surgical table, or can be around the world.

North America was the largest region in the robotic surgery services market in 2019. Asia-Pacific is expected to be the fastest growing regions in the forecast period.

On October 2019 Corindus Vascular Robotics Inc., a leading developer of precision vascular robotics was acquired by Siemens Healthineers AG, a German conglomerate of medical technology offering wide range of products in the fields of diagnostic and therapeutic imaging, laboratory and point of care diagnostics, and molecular medicine for an amount of USD 1.1 billion the main aim of this acquisition is to optimize the procedures and to increase the clinical outcomes by collaborating each other's technologies, it also opens a new market for Siemens.

The robotic surgery services market covered in this report is segmented by application into general surgery; urological surgery; gynecological surgery; orthopedic surgery; neurosurgery; other applications and by end-users: hospitals; ambulatory surgery centers (ASCS).

Safety concerns regarding the use of robotic surgery services are likely to cause a hindrance to the robotic surgery services market. The FDA Safety communication raised a concern in February 2019 about using robotic surgery for mastectomy procedures or for the prevention or treatment of cancer as the effectiveness and safety of these devices is not established. According to the survey of New England journal of medicine published in November 2018, the survival rate of patients having minimally invasive surgery compared to patients having open surgery is lower. Over the past two decades more than 8,061 device malfunctions, 1,391 injuries, and 144 deaths occurred in robotic surgery service. Due to such concerns more products have been recalled from the market. On September 2019 Zimmer Biomet has recalled its ROSA brain 3.0 robotic surgery system because of a software problem which can drive the robotic arm to an incorrect position which can risk patient's life. This was identified as a class 1 recall which is the most serious kind of classification by the FDA. These safety concerns lead to more stringent regulations by the regulatory agencies like the FDA, which would in turn increase the cost and time period for the research and development activities. Therefore the safety issues pertaining to robotic surgeries leading to product recalls is expected to hinder the growth of the robotic surgery services market.

Image guide navigation system combined with the robotic surgery system offers more possibility to visualize and perform the minimally invasive surgery in areas which were earlier difficult, especially the orthopedic surgeries and neurosurgeries. The Mazor X Stealth system by Medtronic, and the NuVasive's Pulse and Excelsius GPS by Globus Medical, among others use image guided navigation system to perform spine surgeries, and orthopedic implant surgeries such as total, partial knee and hip replacements as they provide the surgeon with 3D experience. The image-guided navigation reduces the radiation effects and patients do not require to take an X ray after the procedure. These factors state that the image guided navigation system is expected to be a trend in robotic surgery services.

Increase in purchasing power of hospitals and ambulatory care services has helped in the growth of the robotic surgery service market. Hospitals and ambulatory care services are interested in buying latest technologies to provide advanced care to the patients as well as to achieve an edge over their competitors. According to the fourth quarter financial results 2019 of intuitive Surgicals, the robotic surgical giant, the company has shipped around 336 DA Vinci systems during the quarter when compared to 290 during the fourth quarter of 2018. It has almost 5,582 DA Vinci systems installed, with a 12% year-over-year increase. More than 1 million procedures were performed around the world with the DA Vinci In 2018 from 136,000 in 2008. The need for more minimally invasive surgery by growing geriatric population coupled with the prevalence of chronic disease such as diabetes, HIV/AIDS, asthma, arthritis, and other diseases has increased the demand for robotic surgery services. According to the World Health Organization (who) report, there will be a 57 % increase in chronic illness. Therefore, the purchasing power of hospital and ambulatory care services coupled with the increase in the geriatric population and prevalence of chronic illness have contributed to the growth of robotic surgery services market.

Scope of the Report

Products

1) By Application: General surgery; Urological surgery; Gynecological surgery; Orthopedic surgery; Neurosurgery; Other applications 2) By End-users: Hospitals; Ambulatory Surgery Centers (ASCs)

Companies

Intuitive Surgical Inc; Stryker Corporation; Medrobotics Corporation; Johnson & Johnson; Globus medicals; NuVasive; Smith & Nephew plc; Titan Medical Inc; TransEnterix Inc; University of Pittsburgh Medical Center; Rutland Medical Center; Huntington Hospital; Washington Hospital Healthcare System; The Ottawa Hospital; Michael's Hospital; Charite-Universitatsmedizin Berlin; Ipswich Hospital; Apollo Hospitals Enterprise Limited; HealthCare Global Enterprises Ltd

1. Executive Summary

2. Robotic Surgery Services Market Characteristics

3. Robotic Surgery Services Market Size And Growth

3.1. Global Robotic Surgery Services Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Robotic Surgery Services Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Robotic Surgery Services Market Segmentation

4.1. Global Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

General surgery

Urological surgery

Gynecological surgery

Orthopedic surgery

Neurosurgery

Other applications

4.2. Global Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Hospitals

Ambulatory Surgery Centers (ASCs)

5. Robotic Surgery Services Market Regional And Country Analysis

5.1. Global Robotic Surgery Services Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Robotic Surgery Services Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Robotic Surgery Services Market

6.1. Asia-Pacific Robotic Surgery Services Market Overview

6.2. Asia-Pacific Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6.3. Asia-Pacific Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Robotic Surgery Services Market

7.1. China Robotic Surgery Services Market Overview

7.2. China Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

7.3. China Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Robotic Surgery Services Market

8.1. India Robotic Surgery Services Market Overview

8.2. India Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

8.3. India Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Robotic Surgery Services Market

9.1. Japan Robotic Surgery Services Market Overview

9.2. Japan Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9.3. Japan Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Robotic Surgery Services Market

10.1. Australia Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10.2. Australia Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Robotic Surgery Services Market

11.1. Indonesia Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11.2. Indonesia Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Robotic Surgery Services Market

12.1. South Korea Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12.2. South Korea Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Robotic Surgery Services Market

13.1. Western Europe Robotic Surgery Services Market Overview

13.2. Western Europe Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13.3. Western Europe Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Robotic Surgery Services Market

14.1. UK Robotic Surgery Services Market Overview

14.2. UK Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14.3. UK Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Robotic Surgery Services Market

15.1. Germany Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15.2. Germany Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Robotic Surgery Services Market

16.4. France Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16.5. France Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Robotic Surgery Services Market

17.1. Eastern Europe Robotic Surgery Services Market Overview

17.2. Eastern Europe Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17.3. Eastern Europe Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Robotic Surgery Services Market

18.1. Russia Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18.2. Russia Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Robotic Surgery Services Market

19.1. North America Robotic Surgery Services Market Overview

19.2. North America Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19.3. North America Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Robotic Surgery Services Market

20.1. USA Robotic Surgery Services Market Overview

20.2. USA Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20.3. USA Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Robotic Surgery Services Market

21.1. South America Robotic Surgery Services Market Overview

21.2. South America Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21.3. South America Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Robotic Surgery Services Market

22.1. Brazil Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22.2. Brazil Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Robotic Surgery Services Market

23.1. Middle East Robotic Surgery Services Market Overview

23.2. Middle East Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23.3. Middle East Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Robotic Surgery Services Market

24.1. Africa Robotic Surgery Services Market Overview

24.2. Africa Robotic Surgery Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24.3. Africa Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Robotic Surgery Services Market Competitive Landscape And Company Profiles

25.1. Robotic Surgery Services Market Competitive Landscape

25.2. Robotic Surgery Services Market Company Profiles

25.2.1. Intuitive Surgical Inc

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Stryker Corporation

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Medrobotics Corporation

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Johnson & Johnson

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Globus medicals

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Robotic Surgery Services Market

27. Robotic Surgery Services Market Trends And Strategies

28. Robotic Surgery Services Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

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