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

  • ID: 5050678
  • Report
  • May 2020
  • Region: Global
  • 200 pages
  • The Business Research Company

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FEATURED COMPANIES

  • Globus medicals
  • Intuitive Surgical Inc
  • Johnson & Johnson
  • Michael's Hospital
  • Rutland Medical Center
  • Stryker Corporation
Robotic Surgery Services Global Market Report 2020: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global robotic surgery services market.

This report focuses on the robotic surgery services market which is experiencing strong growth. the report gives a guide to the robotic surgery services market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the robotic surgery services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? the Robotic Surgery Services global market report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. it traces the market’s historic and forecast market growth by geography. it places the market within the context of the wider robotic surgery services market, and compares it with other markets.
  • the market characteristics section of the report defines and explains the market.
  • the market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. it covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • the robotic surgery services market section of the report gives context. it compares the robotic surgery services market with other segments of the robotic surgery services market by size and growth, historic and forecast. it analyses GDP proportion, expenditure per capita, robotic surgery services indicators comparison.
Scope

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

Companies Mentioned: Intuitive Surgical Inc; Stryker Corporation; Medrobotics Corporation; Johnson & Johnson; Globus medicals

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This report will be delivered within 1-3 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Globus medicals
  • Intuitive Surgical Inc
  • Johnson & Johnson
  • Michael's Hospital
  • Rutland Medical Center
  • Stryker Corporation
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, $ 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, $ 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, $ 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, $ 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, $ Billion
5.2. Global Robotic Surgery Services Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
6.3. Asia-Pacific Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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,$ Billion
7.3. China Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ 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, $ Billion
8.3. India Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
9.3. Japan Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
10.2. Australia Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
11.2. Indonesia Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
12.2. South Korea Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
13.3. Western Europe Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
14.3. UK Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
15.2. Germany Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
16.5. France Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
17.3. Eastern Europe Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
18.2. Russia Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
19.3. North America Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
20.3. USA Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
21.3. South America Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
22.2. Brazil Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
23.3. Middle East Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, $ Billion
24.3. Africa Robotic Surgery Services Market, Segmentation By End-users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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. About the Publisher
29.5. Copyright And Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Globus medicals
  • Intuitive Surgical Inc
  • Johnson & Johnson
  • Michael's Hospital
  • Rutland Medical Center
  • Stryker Corporation
Major players in the robotic 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 $0.71 billion in 2019 to $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 $1.03 billion in 2023 at CAGR of 21.55%.

The robotic surgery services market consists of the sale of services provided by 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 which are 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. In 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.

The 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 need 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 systems in 2018 from 136,000 in 2008. The need for more minimally invasive surgery by growing geriatric population coupled with the prevalence of chronic diseases such as diabetes, HIV/AIDS, asthma, arthritis, and other diseases has increased the demand for robotic surgery services. According to the World Health Organization's (WHO) report, there will be a 57 % increase in chronic illnesses. Therefore, the purchasing power of hospital and ambulatory care services coupled with the increase in the geriatric population and prevalence of chronic illnesses have contributed to the growth of the robotic surgery services market.
Note: Product cover images may vary from those shown
  • 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
  • Charité - Universitätsmedizin Berlin
  • Ipswich Hospital
  • Apollo Hospitals Enterprise Limited
  • HealthCare Global Enterprises Ltd
Note: Product cover images may vary from those shown

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