Asia-Pacific Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Market, By Type (Robotic Systems, Instruments and Accessories, Interventional Imaging Systems and Services), Application (Abdominal Surgery, Urology, Otorhinolaryngology, Orthopedic Trauma Surgery, Oncology, Gynaecology, Neurology, Spine Surgery, Cardiology, Respiratory, Thoracic Surgery and Others), Procedure Type (Open Surgery and Minimally Invasive), End User (Hospitals, Ambulatory Surgical Centers, Clinics and Others), Distribution Channel (Direct Tender and Retail Sales) – Industry Trends and Forecast to 2030.
Asia-Pacific Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Market Analysis and Size
The introduction of Mako robots, Rosa Spine, Rosa Brain, Mazor X, and Renaissance is expected to increase the number of these medical procedures worldwide between 2017 and 2025. Medical robots are used for hysterectomies, and either single-site or multi-port technology is used. The multi-port approach is used to carry out the majority of these operations. Robotic surgery is predicted to become more common as a result of the quick technological improvements in the field. The market is anticipated to be further driven by the increase in difficult operations and trauma incidence. Image-guided and robot-assisted surgeries are predicted to become more prevalent in developing economies such as Asia-Pacific and Latin America as hospital spending on medical equipment rises.
Data Bridge Market Research analyses that the image-guided surgery equipment and robot-assisted surgical equipment market which is USD 2375.497 million in 2022, is expected to reach USD 5553.83 million by 2030, at a CAGR of 11.2% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Asia-Pacific Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Robotic Systems, Instruments and Accessories, Interventional Imaging Systems and Services), Application (Abdominal Surgery, Urology, Otorhinolaryngology, Orthopedic Trauma Surgery, Oncology, Gynaecology, Neurology, Spine Surgery, Cardiology, Respiratory, Thoracic Surgery and Others), Procedure Type (Open Surgery and Minimally Invasive), End User (Hospitals, Ambulatory Surgical Centers, Clinics and Others), Distribution Channel (Direct Tender and Retail Sales)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
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Market Players Covered
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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.)
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Market Opportunities
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Market Definition
Image-guided surgery equipment and robot-assisted surgical equipment are devices that aid in the performance of minimally invasive surgical procedures in order to protect people from the long-term consequences of chronic diseases. These devices play an important role in saving patients' lives in cases of surgical needs for heart issues, trauma, and emergent cases, among other things. Regulatory bodies regulate image-guided surgery equipment and robot-assisted surgical equipment because they are equipped with AI technologies and contain a variety of social and ethical issues. These devices provide technical assistance during surgical procedures and can also be used to perform proper surgery.
Asia-Pacific Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Market Dynamics
Drivers
- Increasing incidence of chronic diseases
The prevalence of chronic diseases is rapidly increasing. This is primarily due to people's changing lifestyles and dietary habits all over the world. According to a World Health Organization (WHO) study, non-communicable diseases account for more than 63% of all deaths worldwide. This figure is expected to rise to nearly 75% by 2030. Image-guided and robot-assisted surgical procedures have been shown to be extremely effective in the treatment of chronic diseases such as cancer, heart disease, and stroke. As a result, demand for them is expected to rise in the coming years.
- Advanced imaging technologies
In recent years, the field of image-guided and robot-assisted surgery has seen rapid technological advancements. Newer, more advanced imaging technologies are being developed to give surgeons greater clarity and precision during surgery. Robot technology is also rapidly evolving, with newer models smaller, faster, and more dexterous than ever before. All of these advancements contribute to image-guided and robot-assisted surgeries being safer and more efficient than ever before.
Opportunities
- Technological advances
Surgeries have changed as a result of technological advances such as tiny cameras, three-dimensional (3D) imaging, movement sensors, and remote route and automated catheter control frameworks in image guided robots. As a result, careful results have improved. The presentation of careful robots is another factor influencing overall positive well-being outcomes due to reduced careful time and mistakes. The Da Vinci Surgical System is the most widely used framework for complex medical procedures. It is joined by an upgraded PC framework, which increases its ability to perform laparoscopic medical procedures.
Restraints/Challenges
- High cost
There is no doubt that robotic surgery is expensive. The surgical robots are expensive to buy and maintain and this type of surgery system may raise the cost of a surgical procedure. Furthermore, their operation will necessitate additional training, which will be costly as well. In general, robotic surgery may cost between USD 3000 and USD 6000 more than traditional surgery.
This image-guided surgery equipment and robot-assisted surgical equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the image-guided surgery equipment and robot-assisted surgical equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2019, Mobius Imaging, LLC, a significant leader in POC imaging technology, was acquired by Stryker. Stryker's medical imaging and surgical businesses will be strengthened by this acquisition, which raised consumer demand for the company's goods.
- In 2019, Koninklijke Philips N.V. launched its new IntraSight interventional applications platform for image-guided heart surgery. By strengthening its image guided therapy portfolio, Koninklijke Philips N.V.'s new product introduction enhanced market demand and sales.
Asia-Pacific Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Market Scope
The image-guided surgery equipment and robot-assisted surgical equipment market is segmented on the basis of type, application, procedure type, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Robotic Systems
- Instruments
- Accessories
- Interventional Imaging Systems
- Services
Application
- Abdominal Surgery
- Urology
- Otorhinolaryngology
- Orthopedic Trauma Surgery
- Oncology
- Gynaecology
- Neurology
- Spine Surgery
- Cardiology
- Respiratory
- Thoracic Surgery
- Others
Procedure Type
- Open Surgery
- Minimally Invasive
End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
Distribution Channel
- Direct Tender
- Retail Sales
Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Market Regional Analysis/Insights
The image-guided surgery equipment and robot-assisted surgical equipment market is analyzed and market size insights and trends are provided by country, type, application, procedure type, end user and distribution channel as referenced above.
The countries covered in the image-guided surgery equipment and robot-assisted surgical equipment market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
China is dominating the market due to increasing government measures to increase healthcare spending on medical devices, rising rates of chronic disease, and growing public awareness of the importance of early diagnosis.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The image-guided surgery equipment and robot-assisted surgical equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for image-guided surgery equipment and robot-assisted surgical equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the image-guided surgery equipment and robot-assisted surgical equipment market. The data is available for historic period 2011-2021.
Competitive Landscape and Image-Guided Surgery Equipment and Robot-Assisted Surgical Equipment Share Analysis
The image-guided surgery equipment and robot-assisted surgical equipment 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 surgery equipment and robot-assisted surgical equipment market.
Some of the major players operating in the image-guided surgery equipment and robot-assisted surgical equipment market are:
- 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.)
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