• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • AMD Xilinx
    • BlueBotics
    • Elite Robot
    • RGo Robotics
    • SICK Sensor Intelligence
    • Vicor Power
intuitive surgical, da vinci, robot-assisted surgery

Surgical robotics market forecast to reach almost $100 billion by 2024

January 8, 2019 by Mai Tao

The global market for surgical robotics is set to reach almost $100 billion by 2024, according to KBV Research.

According to a new report, Surgical Robotics Market, published by KBV Research, the Surgical Robotics market is expected to attain a market size of $98 billion by 2024, growing at an annual growth rate of 8.4 percent during the forecast period.

Robotics based surgery is at the cutting edge of precision in the realm of surgery. This is attributed to the phenomenal advancement in the medical devices made since few decades. 

KBV says the market has gained traction in recent years owing to the growing preference of the minimally invasive surgeries and the advent of automation across the healthcare industry.

Geographically, the market is dominated by North American region owing to the fostering adoption of surgical robotics by hospitals and the availability of robotic devices based on the complexity of surgeries to be performed across the region.

Additionally, the Asia Pacific and Latin America, the Middle East and Africa are the potential areas for market expansion throughout the forecast period.

The emergence of better healthcare facility and the rise in government initiative for upgrading healthcare infrastructure has spurred the demand for surgical robotics in the region.

Moreover, increasing incidence of chronic diseases such as cancer, cardiovascular diseases, and others along with the rise in disposable income has boosted market growth.

The accessories segment dominated the Global Surgical Robotics Market by component in 2017, and would continue to represent the same trend till 2024, growing at an annual growth rate of 7.4 percent during the forecast period.

The recurring revenue businesses models by disposable or replaceable instruments have contributed to the much larger and ongoing demand for accessories in the robotic-based surgeries and have remarkably contributed to the market growth.

The increasing incidence of gynecological complications has contributed to the rise in the number of Robotic based gynecological surgeries performed worldwide.

The gynecology surgery segment accounted for the largest share in 2017, witnessing an annual growth rate of 6.8 percent during the forecast period.

The revolutionized gynecological surgeries for past few decades with the advent of robotic devices leading to reduced postoperative pain, shorter hospital stay, faster recovery and decreased blood loss have catered to the market dominance.

The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with a country-wise analysis in each discussed region.

The key influencing factors of the global Surgical Robotics Market have been discussed in the report along with the elaborated company profiles, including of:

  • Stryker
  • Intuitive Surgical
  • Mazor Robotics
  • Think Surgical
  • Smith & Nephew
  • Blue Belt Technologies
  • Kuka
  • Zimmer Biomet
  • Medtronic
  • Renishaw
  • Auris Surgical Robotics

Stryker had made a major strategic move by acquiring Mako Surgical, which was a pioneer in the advancement of robotic arm assisted surgery in orthopedics.

This has led to the more predictable surgical experience while performing joint replacement surgery, making Stryker as a key innovator in Surgical Robotics Market.

Nevertheless, KBV says Intuitive Surgical is a “world-class robotic surgical systems manufacturer”. The da Vinci Surgical System offered by the company is “the most preferred system globally”.

New in 2017, the company has got approval for novel da Vinci X Surgical System that provides lower-cost, robotic-assisted surgical option for hospitals, surgeons, sustaining its dominance in the market.

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Features, Science Tagged With: surgical robots

Join the Robotics & Automation News community

Primary Sidebar

Latest articles

  • 5 Benefits of Using 3D Interior Design Models
  • How Packing Machines are Making Their Way into Garden Shops
  • Plastic Injection Molding Machines: Types and Benefits
  • 6 Safety Tips for Riding an Electric Bike
  • Essential Types of Contact Center Automations
  • Acieta unveils new collaborative robotic system for welding
  • Amazon to acquire iRobot for $1.7 billion
  • Will Automated Pre Roll Machines Boost Your Revenue?
  • Telexistence to install AI re-stocking robots in 300 convenience stores across Japan
  • Volvo Group to establish battery production plant in Sweden

Most Read

  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Stäubli Robotics and Quantum Surgical partner to develop robotic platform for cancer surgery
    Stäubli Robotics and Quantum Surgical partner to develop robotic platform for cancer surgery
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Beyond Imagination receives order for 1,000 humanoid robots
    Beyond Imagination receives order for 1,000 humanoid robots
  • Kuka receives ‘record orders’ in first six months of year
    Kuka receives ‘record orders’ in first six months of year
  • Track your lost Android
    Track your lost Android
  • Top 20 programmable logic controller manufacturers
    Top 20 programmable logic controller manufacturers
  • Denso and Honeywell to develop electric engine for Lilium Jet
    Denso and Honeywell to develop electric engine for Lilium Jet
  • Top 25 vertical farming companies
    Top 25 vertical farming companies
  • The Best Mechanical Engineering Design Software in 2022
    The Best Mechanical Engineering Design Software in 2022

Overused words

abb ai applications automated automation automotive autonomous business china companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse

Secondary Sidebar

Latest news

  • 5 Benefits of Using 3D Interior Design Models
  • How Packing Machines are Making Their Way into Garden Shops
  • Plastic Injection Molding Machines: Types and Benefits
  • 6 Safety Tips for Riding an Electric Bike
  • Essential Types of Contact Center Automations
  • Acieta unveils new collaborative robotic system for welding
  • Amazon to acquire iRobot for $1.7 billion
  • Will Automated Pre Roll Machines Boost Your Revenue?
  • Telexistence to install AI re-stocking robots in 300 convenience stores across Japan
  • Volvo Group to establish battery production plant in Sweden

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

January 2019
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Dec   Feb »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2022 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT