The market for image-guided surgery equipment and robot-assisted surgical equipment is driven by their ability to facilitate minimally invasive procedures, improve patient outcomes, and reduce the long-term effects of chronic diseases. These devices are crucial in life-saving situations such as cardiac surgeries, trauma interventions, and emergencies. Regulatory bodies closely monitor these devices due to their incorporation of AI technologies and associated social and ethical considerations. They provide technical support during surgical procedures and have the potential to revolutionize surgical practices.
According to Data Bridge Market Research, the Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Market accounted for USD 14,688.46 million in 2022 and is expected to reach USD 31,486.03 million by 2030, at a CAGR of 10.00% during the forecast period 2023 to 2030.
“Increasing high spending on medical devices”
The market for image-guided and robot-assisted surgical operations is expected to experience growth as hospitals continue to invest heavily in medical technology and equipment. The Da Vinci surgical system is widely used in various surgical specialties, while dedicated robots like Rosa’s spine and Rosa’s brain enable precise operations in the spinal and neurological fields, reducing the risk of errors compared to conventional procedures. The rising incidence of spinal and neurological injuries is projected to drive further market growth in the forecast period.
What restraints the growth of image-guided surgery equipment and robot-assisted surgical equipment market?
“Lack of qualified surgeons”
The lack of qualified surgeons significantly restraint on the image-guided surgery equipment and robot-assisted surgical equipment market. The successful implementation and utilization of these advanced technologies require highly skilled and trained surgeons. However, the limited number of qualified surgeons proficient in operating these systems poses a challenge to widespread adoption. Addressing this restraint requires focused training programs and educational initiatives to enhance the surgical skills of healthcare professionals and promote the effective use of image-guided and robot-assisted surgical equipment.
Segmentation: Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Market
The image-guided surgery equipment and robot-assisted surgical equipment market are segmented on the basis of type, application, procedure type, end user and distribution channel.
- On the basis of type, the image-guided surgery equipment and robot-assisted surgical equipment market is segmented into robotic systems, instruments and accessories, interventional imaging systems and services.
- On the basis of application, the image-guided surgery equipment and robot-assisted surgical equipment market is segmented into abdominal surgery, urology, otorhinolaryngology, orthopedic trauma surgery, oncology, gynaecology, neurology, spine surgery, cardiology, respiratory, thoracic surgery and others.
- On the basis of procedure type, the image-guided surgery equipment and robot-assisted surgical equipment market is segmented into open surgery and minimally invasive.
- On the basis of end user, the image-guided surgery equipment and robot-assisted surgical equipment market is segmented into hospitals, ambulatory surgical centers, clinics and others.
- On the basis of distribution channel, the image-guided surgery equipment and robot-assisted surgical equipment market is segmented into direct tender and retail sales.
Regional Insights: North America is expected to dominate the image-guided surgery equipment and robot-assisted surgical equipment market
North America is projected to dominate the market due to its significant uptake of image-guided surgery and robot-assisted surgical equipment, particularly for abdominal surgeries. The region's growing preference for robotic surgery in critical procedures further contributes to its market dominance, driven by advancements in surgical technology and favorable reimbursement policies.
Asia-Pacific is anticipated to exhibit the highest compound annual growth rate (CAGR) during the forecast period. This growth can be attributed to the increasing geriatric population in the region, which has resulted in a rise in healthcare expenditure on medical devices. As hospitals invest more in advanced medical equipment, including surgical devices, the demand for image-guided and robot-assisted surgery equipment is expected to surge, driving market growth in the Asia-Pacific region..
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Recent Developments in Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Market
- In 2019, Brainlab unveiled the mobile intraoperative imaging robot Loop-X at the NASS event in Chicago. This addition to their robotic surgery equipment line bolstered their market position and is expected to drive future sales and revenue growth.
- In 2019, Stereotaxis, Inc. launched Genesis RMN, a new robotic platform designed for treating cardiac arrhythmias. This expansion of their product line enhances their offerings and is anticipated to generate increased demand in the future.
The Prominent Key Players Operating in the Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Market Include:
- Brainlab (Germany)
- General Electric (U.S.)
- Medrobotics Corporation (U.S.)
- Medion (Germany)
- Stereotaxis, Inc. (U.S.)
- Titan Medical Inc. (Canada)
- PS-Medtech (Netherlands)
- Renishaw plc. (U.K.)
- Intuitive Surgical (U.S.)
- Zimmer Biomet (U.S.)
- Siemens Healthcare GmbH (Germany)
- Medtronic (Ireland)
- Hitachi Ltd. (Japan)
- Integra LifeSciences (U.S.)
- Smith+ Nephew (U.K.)
- Koniklijke Philips N.V. (Netherlands)
- ICU Medical, Inc (U.S.)
- Stryker (U.S.)
- Johnson & Johnson Services, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of image-guided surgery equipment and robot-assisted surgical equipment market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
