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VANCOUVER, British Columbia–(BUSINESS WIRE)–Could your next surgery be done by a robot? With procedure volumes
rising, there’s a good chance that this will be the case. Mirroring the
quick-paced nature of new technological innovations, the surgical
robotics market has experienced significant prosperity recently, which
is expected to continue through 2025. Currently valued at over $3
billion, this market is expected to surpass $7 billion by 2025.

“Capturing nearly 80% of the total U.S. market value, robotic
laparoscopic platforms that target minimally invasive procedures have
long held a dominant role in the overall market,” says Kamran Zamanian,
President and CEO of iData Research. “The sale of limited use
accessories in this segment is providing the most fuel to this segment’s
growth, with an overall growth rate of above 11%.”

Get a Free Report Summary Here: U.S.
Market for Robotic Surgery and Navigation 2019 Free Sample

As patients increasingly prefer minimally invasive procedures for their
lowered risk rates and quicker recovery times, robotic systems will
increasingly be adopted and maintained to satiate this demand.
Additionally, the clinical benefits of MIS robotic procedures provide
benefits for institutions as well, as minimized recovery times lead to
lowered overall costs. As such, the surgical robotics market is expected
to continue growing at an impressive rate of 13% over the forecast
period.

The increased popularity of minimally invasive procedures has had a
significant effect on the spinal surgery market, where patients and
surgeons have demonstrated a strong preference for treatments with
minimal recovery time and risk. As such, minimally invasive spinal
procedures that can be performed with robotic surgery platforms have had
the greatest prosperity of all. While this segment does not account for
the majority of the market, it exhibits the highest overall growth rate,
at over 25%. Moreover, this market is driven by the system services and
maintenance revenue for its platforms, which have been growing at an
astounding CAGR of just under 40%.

The overall robotic surgery market is being dominated by Intuitive
Surgical thanks to their da Vinci® family of systems. Their
success is mainly fueled by revenue from procedures and service and
maintenance fees. Stryker is also one of the prominent robotic
surgery competitors in this market, due to their acquisition of MAKO
Surgical Corp for $1.65 billion in 2013. Additionally, Accuray partnered
with KUKA AG, an industrial robotics manufacturer, to develop their
CyberKnife® robotic radiosurgery platform.

Further Information

To browse all of our research on the surgical robotics market, visit https://idataresearch.com/product-category/video-hi-tech-navigation-robotics/robotics-and-navigation/.
Reports include a detailed analysis with forecasted market values, unit
sales, average selling prices, market shares, procedure volumes and much
more.

About iData

iData
Research is an international consulting and market research firm
dedicated to empowering confident strategic decisions within the medical
device, dental, and pharmaceutical industries.

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