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Computer Assisted Surgical (CAS) Systems - Market Analysis, Trends, and Forecasts

  • ID: 344061
  • Report
  • February 2020
  • Region: Global
  • 269 Pages
  • Global Industry Analysts, Inc
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Computer Assisted Surgical (CAS) Systems market worldwide is projected to grow by US$3.5 Billion, driven by a compounded growth of 8.9%. Surgical Robots, one of the segments analyzed and sized in this study, displays the potential to grow at over 8.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$5.7 Billion by the year 2025, Surgical Robots will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 7.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$119.5 Million to the region's size and clout in the next 5 to 6 years. Over US$105.3 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Surgical Robots will reach a market size of US$297.5 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 13.2% over the next couple of years and add approximately US$994.9 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • 3D Systems, Inc.
  • Accuray Incorporated
  • B. Braun Melsungen AG
  • Brainlab AG
  • CAE Healthcare
  • CONMED Corporation
  • Hansen Medical, Inc.
  • Intuitive Surgical, Inc.
  • Mazor Robotics
  • Medtronic plc
  • Northern Digital Inc.
  • Polhemus
  • Stryker Corporation
  • THINK Surgical, Inc.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Recent Market Activity

Prelude

Surgical Robots Emerge as Mainstream Technology in Medical Field

The Tradeoff between Duration of Hospital Stay and Cost

Robotic Surgery - Benefits Outweigh Risks

A Robotic Surgery Revolution Expected in 2018

Rising Healthcare Spending Foster Growth

Developing Economies: Favorable Prospects in the Long Run

Robotic Technologies Gradually Gain Adoption in the Healthcare Sector

Outlook

Spurt in Medical Tourism Offers Growth Opportunities

Minimal/Non-invasive Procedures Favor Adoption of CAS Systems

Demographics Favor CAS Market Growth

Longer Life Expectancy Bolsters Market Growth

Future Developments in CAS Technologies

Hospitals and Insurers Role in Integration of CAS Technologies

Robotic Surgery - Risks and Setbacks

Lack of Tactile Feel

High Cost of the Robot

Robotic surgery Linked to Injuries and Deaths

Challenges Lie Ahead for CAS Technologies

CAS Technologies for Knee/Hip Implants: Issues at the Core of Debates

Open Vs Closed Implant Architecture Platforms

Marketing Benefits or Clinical Advantages: Making the Choice

Navigation Technologies: Promising but Limited Adoption

Growing Prominence of Custom-Made Instrumentation

Imaging Technologies Related to Patient Specific Instruments

Global Competitor Market Shares

Computer Assisted Surgical (CAS) Systems Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

3D Systems, Inc. (USA)

Accuray Incorporated (USA)

B. Braun Melsungen AG (Germany)

Brainlab AG (Germany)

CAE Healthcare (Canada)

CONMED Corporation (USA)

Hansen Medical, Inc. (USA)

Intuitive Surgical, Inc. (USA)

Mazor Robotics (Israel)

Medtronic plc (Ireland)

Northern Digital Inc. (Canada)

Polhemus (USA)

Stryker Corporation (USA)

THINK Surgical, Inc. (USA)

3. MARKET TRENDS & DRIVERS

Growing Role of Technology in Surgical Procedures

Artificial Intelligence and Surgical Robotics

Real-time Diagnostics

3D Printing Technology

Minimally Invasive Procedure

Using Robots for Surgeries

Virtual Reality

Augmented Reality

Medical Drones

Sequencing Genomes at Home

Opportunities Galore for Robotic Surgeries in Complex Procedures

New Surgical Robots for Operating Theatres

Robot Surgeons and Medical Drones - Future Visions

Robots to Enhance Accuracy and Save Time

Robots to Enhance Accuracy and Save Time

Telemedical Robots

Virtual Reality and Augmented Reality

Walking with Exoskeletons

Digital Tattoos

New Senhance System, a RASD for MIS,Receives FDA Approval

CAS in Select Medical Domains

CAS Technologies in Orthopedic Cases

Computer-Aided Navigational Techniques in Neurosurgery

Surgical Robots Market - A Review

Surgical Market - An Overview

Introduction to Medical Robots

Surgical Robotics: A Market Analysis

Technologies and Processes Complementing CAS Systems

Asia - The Fastest Growing Market for Surgical Robotic Systems

Robotics in Minimally Invasive Surgery (MIS) Procedures Gain Traction

Growing Popularity of Robotic Laparoscopic Surgery

Robot-Assisted Laparoscopy - Changing the Face of Laparoscopic Surgery

Non-Invasive Surgical Procedures - A New Revolution in the Making

Robotic Systems for Hysterectomy: Adding Value or Merely a Technological Fad?

Increasing Number of Robotic Assisted Hysterectomies

Robotics in Prostatectomy Procedures

Robotic-Assisted Prostatectomies: High Success Rates

Controversies Fail to Deter Robotic Surgery from Becoming Standard of Care for Prostatectomies

Spinal Surgery: A Promising Specialty for Robotics Surgery

Robotic Thyroidectomy: The New Option in Thyroid Surgery

Development of Advanced Robots: A Step towards Wider Adoption

Technology Innovations in Surgical Robotics

Surgical Robots with Imaging Capabilities

4D Positioning of Instruments & Prosthetic Components - An Emerging Technology

Efforts on to Develop Open-Source Robotic Surgery System

Single Port Robotic Devices: Opportunities for New Entrants to Make a Mark

Mini-Invasive Diagnosis: Rising Prominence of Robots

Robotics to Replace Surgical Nurses?

Surgical Robot and IGS Vendor Woes

Complaints and Lawsuits Increase in Tandem with Rise in Robotic-Assisted Surgical Procedures

Mishaps Related to Robotic Surgical Systems: A Major Concern

Criticisms Surrounding Robotic-Assisted Surgical Procedures

Marketing Initiatives: A Major Role in Surgical Robot’s Success

Surgical Planners & Simulators Market - An Insight

Medical Simulation Gains Importance

Virtual Reality Market on a Roll

Virtual Reality Being Adopted in Diverse Medical Disciplines

Major Issues in Practical Applications of VR

Surgery Simulation with Haptic Feedback Opens New Avenues in Medical Education

VR Training Using Surgical Simulation Systems: Key Role in Laparoscopic Surgeries

Robots for Surgical Training

Procedure-Specific Simulators: The Ultimate Objective

Surgical Navigation Systems Market

Surgical Navigation Systems Market: An Introduction

Image Guided Technologies Play a Vital Role

Spinal Surgeons Gradually Increase Adoption of Surgical Robotics and Navigation Platforms

High Cost & Technical Hurdles Hamper Adoption of Surgical Navigation Systems

Emerging Economies: A Wealth of Opportunities for Surgical Navigation Systems Market

Manufacturers Focus on Outpatient Facilities

Partnerships between Imaging Companies & Navigation System Manufacturers

A Glance at Select Breakthroughs & Innovative Efforts in Surgical Navigation Market

7D Surgical Navigation Device: Promise of Real-Time Navigation

Cirle's Surgical Navigation System

Fiagon's Navigation System

TLEMsafe: A European Funded Project on Patient-Specific Navigation System

Medtronic's NuVent EM Sinus Dilation System for the Fusion ENT Navigation System

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Computer Assisted Surgical (CAS) Systems Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Computer Assisted Surgical (CAS) Systems Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 80

Note: Product cover images may vary from those shown
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