Image-Guided & Robot-Assisted Surgical Procedures Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Feb 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Image-Guided & Robot-Assisted Surgical Procedures market size is expected to be worth around US$ 6.5 billion by 2030, according to a new report by Vision Research Reports.

The global Image-Guided & Robot-Assisted Surgical Procedures market size was valued at US$ 2.68 billion in 2020 and is anticipated to grow at a CAGR of 17.6% during forecast period 2021 to 2030.

Growth Factors

An increasing number of complex surgeries, trauma cases, and rapid technological advancements in image-guided robots are expected to propel revenue growth in this market.

Surgical procedures have witnessed a transformation due to technological advancements such as microscopic cameras, three-dimensional (3D) imaging, motion sensors, and remote navigation and robotic catheter control systems in image-guided robots. This, in turn, has enhanced surgical outcomes. The introduction of surgical robots is another factor influencing overall positive health outcomes owing to reduced surgical time and errors. Da Vinci Surgical robot is the most widely used system for complex surgeries. It is accompanied by a computer-enhanced system and enhances its capability of performing laparoscopic surgeries.

Urology surgery was the dominant procedure segment of the global image-guided and robot-assisted surgical procedures market with a share of 38% in 2016. Some of the urological surgeries performed by medical robots include prostatectomy, partial nephrectomy, cystectomy, and pyeloplasty. Da Vinci system is also used to perform complex gynecological procedures such as hysterectomy and sacrocolpopexy. Adoption in surgical procedures helps reduce blood loss and recovery period. An increasing number of surgical procedures using Da Vinci system is expected to drive overall market growth in the near future.

North America accounted for the largest share in the global image-guided and robot-assisted surgical procedures market followed by Europe in 2016. The U.S. accounted for 58.8% of the total global market share in 2016 mainly due to higher penetration of robotics and increasing awareness about minimally-invasive surgeries. Developing economies such as Latin America and Middle East & Africa have witnessed lower adoption owing to the existence of price-sensitive end users. Asia Pacific is projected to expand at a CAGR of 16.4% over the forecast period owing to factors such as improving healthcare infrastructure and increasing penetration of image-guided robots. These factors are expected to contribute to regional demand in the near future.

Report Highlights

On the basis of specialty, the global image-guided and robot-assisted surgical procedures market was dominated by urologic surgeries. Rising adoption to perform complex prostate cancer, kidney, bladder cancer, and urinary blockage surgeries is expected to bode well for market demand. Robot-assisted gynecological procedures held 18.9% global revenue share in 2016 owing to an increasing number of gynecological interventions such as hysterectomy and sacrocolpopexy.

Prior to the approval of Da Vinci System for gynecological procedures in 2005, invasive procedures were performed for treating gynecological disorders, which led to increased blood loss and longer recovery periods. According to Intuitive Surgical, Inc., from 2005 to 2016; 80% of hysterectomies were performed using minimally invasive techniques. Hysterectomies that involve the use of medical robots are performed with either multi-port or single-site technology. Most of these surgeries are performed using the multi-port technique.

Surgeries such as sleeve gastrectomy and gastric bypass are among the most commonly performed image-guided operations for morbid obesity in the U.S. Based on specialty, general surgeries accounted for the second-largest share of the market in terms of revenue. Surgical subspecialties catered by general surgeon include colorectal, hernia repair, cholecystectomy, and bariatric surgeries. Using surgical robots helps general surgeons to perform error-free operations. This, in turn, is expected to drive the adoption of these devices over the forecast period.

North America accounted for the highest market share and is expected to dominate the market with 64.6% share in 2025. High investment, increasing demand, the prevalence of trauma requiring robotic procedures, and the adoption of medical robots for complex interventions are the factors anticipated to boost revenue growth in North America. The U.S. accounted for 58.8% share in the global market mainly due to higher penetration of image-guided robots and surging awareness and adoption of minimally invasive surgeries.

Europe was the second-largest region with 17.4% market share in 2016. Price-sensitive economies such as Latin America and Middle East and Africa have a low adoption rate due to high cost.

Asia Pacific is anticipated to expand at a CAGR of 16.4% over the forecast period owing to factors such as improving healthcare infrastructure in countries like China and India. Japan, on the other hand, has one of the most developed healthcare systems and has wide adoption of automation in each field. This has created a lucrative opportunity for medical robotics manufacturers. These factors are expected to contribute to the regional market demand over the forecast period.

Key Players

Crouse Hospital, St. Vincent, St. Clair Hospital, Northwest Hospital & Medical Center, Atlantic Health System, The Princess Grace Hospital, Apollo Hospitals Enterprise Ltd., Medanta The Medicity, and George Washington University Hospital. Advanced medical robots being developed by Auris Surgical Robotics; Avateramedical GmbH; Cambridge Medical Robotics Ltd.; Verb Surgical, Inc.; and TransEnterix Surgical, Inc

Market Segmentation

  • Specialty Type Outlook 

    • Gynecologic Surgery

    • Urologic Surgery

    • General Surgery

    • Cardiothoracic Surgery

    • Head & Neck Specialties

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

The Image-Guided & Robot-Assisted Surgical Procedures market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Image-Guided & Robot-Assisted Surgical Procedures market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Image-Guided & Robot-Assisted Surgical Procedures market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Image-Guided & Robot-Assisted Surgical Procedures market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Image-Guided & Robot-Assisted Surgical Procedures market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Image-Guided & Robot-Assisted Surgical Procedures capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Image-Guided & Robot-Assisted Surgical Procedures by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Image-Guided & Robot-Assisted Surgical Procedures market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Image-Guided & Robot-Assisted Surgical Procedures market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Image-Guided & Robot-Assisted Surgical Procedures market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Image-Guided & Robot-Assisted Surgical Procedures industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Image-Guided & Robot-Assisted Surgical Procedures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Image-Guided & Robot-Assisted Surgical Procedures market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Image-Guided & Robot-Assisted Surgical Procedures market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Image-Guided & Robot-Assisted Surgical Procedures market. These factors have benefited the growth of the global market for Image-Guided & Robot-Assisted Surgical Procedures. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Image-Guided & Robot-Assisted Surgical Procedures. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Image-Guided & Robot-Assisted Surgical Procedures are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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