The rise in the demand for minimally invasive surgeries among patients, improved healthcare infrastructure, and the introduction of advanced medical systems, the launch of a new robot and strategic collaboration, are key factors contributing to the high CAGR of the Surgical robotics and navigation market during the forecast period.
According to the current analysis of Reports and Data, the global Surgical Robotics and Navigation Market valued at USD 1.94 billion in 2019 and is expected to reach USD 9.47 billion by the year 2027, at a CAGR of 21.7%. Surgical robotics and navigation is an advanced technology, primarily used in neurosurgery. In Robotic surgery, surgeons use the computer to control small instruments attached to a robot it is also known as computer guided minimally invasive surgery. Rise in automation in the healthcare sector, high demand for minimally invasive treatments, and adoption of advanced technology in both developed and developing economies are expected to boost the surgical robotics and navigation market growth. The major reason for non-compliance of surgical procedures is pain assisted with invasive method. To acquire the major user acceptance market players in surgical robotics and navigation market are more focused in developing non-invasive and portable robotic platform. For instance, Versius Robotic System from CMR Surgical a UK based company has been used by NHS surgeons for minimal access surgery (MAS) in 2019. The portable design of robotic device permits free movement within ward and between various hospitals also help easy access in keyhole surgery.
Key companies profiled in the report include
Medrobotics (U.S.), Procept BioRobotics (U.S.), Verb Surgical (U.S.), DePuy Synthes (U.S.), BrainLab (Germany), Titan Medical (Canada), Zimmer Biomet (U.S.), Globus Medical (U.S.), Auris Health (U.S.), TransEnterix (U.S.), Globus Medical (U.S.), CMR Surgical (U.K), Getinge (Sweden), Blue Belt Technologies (U.S.), ELMED Medical(U.S.),
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Surgical Robotics and Navigation market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Surgical Robotics and Navigation Market Segmentation based on Types:
Types Outlook (Revenue in Million USD; 2017–2027)
- Neurosurgery Navigation
- Spinal Surgical Navigation
- ENT Surgical Navigation
- Orthopedic Surgical Navigation
- Robotic-Assisted Spinal Surgery Systems
- Robotic-Assisted Neurosurgery System
- Robotic Radiosurgery System
- Others
Applications Outlook (Revenue in Million USD; 2017–2027)
- Pediatric
- Adults
- Geriatric
End Use Outlook (Revenue in Million USD; 2017–2027)
- Hospitals
- Clinics
- Others
Further key findings from the report suggest
- In the year 2019, a group of Bioengineers from Boston Children's Hospital had developed a robot with an ability to navigate autonomously inside the body. They had used an animal model for cardiac valve repair; the team had projected a robotic catheter to find the way along the walls of a beating, blood-filled heart to a leaky valve without the guidance of the physician. The robotic catheter had successfully navigated to the heart valve leaks in repeated trials and had required approximately similar time as that of the surgeon The sensor was present to assist the catheter to analyze the blood, the cardiac wall, or a valve, and how hard to push in order to prevent the heart from being damaged
- Zimmer Biomet Holdings, Inc in 2019, announced the U.S. Food and Drug Administration 510(k) clearance of the ROSA Knee System for robotically-assisted total knee replacement surgeries. ROSA Knee is a 3D pre-operative planning tool,it was designed to improve bone cut accuracy and range of motion gap analysis to potentially improve flexion and restoration of natural joint movement it is also used in brain-related surgeries.
- Medtronic has acquired in 2018 Mazor Robotics in a robot-assisted surgery platform. Medtronic, acquisition was to develop fully-integrated surgical planning, to unite spine technologies with Mazor robotic system. Mazor X has received 510(k) clearance from the FDA, Mazor X and Stealth are used together in the robotic-assisted surgery.
- North America has obtained a significant share in the Surgical Robotics and Navigation market of about 47.2% due to the increase in the number of hospitals adopting robot-assisted surgeries, rise in the per capita income, and due to government initiatives for robotic inventions.
- Spinal Surgical Navigation in the type segment have obtained a significant market owing to the increase in spine-related disorders and also due to better accuracy and precision obtained in the surgery.
- Hospitals in the End use segment have obtained the largest market as most of the surgeries are performed in the hospitals and, surgeons adapting to the robot-assisted method for performing surgeries.
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