The global Image-Guided And Robot-Assisted Surgical Procedures Market size is expected to reach USD 5.6 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 14.6% over the forecast period. 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.
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Further
key findings from the report suggest:
- North America held the largest market share in 2016 due to high
investment, increasing demand for robot-assisted surgeries, and adoption
of robotics
- The U.S. was the largest market with 58.8% of the global market
share in terms of revenue in 2016
- Asia Pacific is anticipated to be the fastest-growing market at a
CAGR of 16.4% between 2017 and 2025 owing to rising demand and
technological advancements
- Some of the key players in the image-guided and robot-assisted
surgical procedures market are 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.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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