Image Guided Surgery & Robotics Market

Report Description
Table of Contents

Report Description

The global image guided surgery & robotics market size is estimated to be USD 2,954.1 million in 2021 and is expected to witness a CAGR of 15.75% during the forecast period. Increase in inclination for minimally invasive surgeries by patients is a key driver for the growth of the global image guided surgery & robotics market. Additionally, growing number of procedures being conducted by using robotics and rise in global number of neurological conditions that require robotics procedure are some of the other drivers propelling the market growth. Nevertheless, high cost of image guided and robotics surgeries and requirement of technical expertise to conduct the surgery are expected to restrain the global market growth.

Global Image Guided Surgery & Robotics Market Size (USD Million), 2021-2029

Source: Erevna Healthcare

By Specialty Type

Based on specialty type, the market is categorized into head & neck, general surgery, gynaecology, urology, and cardiothoracic. In 2021, the urology segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the growing adoption of robotics to execute complex prostate cancer, bladder cancer, kidney, and urinary blockage surgeries worldwide. The gynaecology segment is anticipated to grow at a profitable CAGR during the forecast period, due the increase in number of gynaecological interventions such as Sacro colpopexy and hysterectomy.

Regional Insights

In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the growing investment, rising demand, the frequency of trauma that requires robotic procedures, and the increasing use of medical robots for multifaceted interventions in the region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the less stringent regulations, developing healthcare infrastructure along with high adoption of automation in are the major factors creating a profitable market opportunity for medical robotics producers in this region.

Competitor Insights

Some of the key players in the image guided surgery & robotics market are Crouse Hospital (U.S.); Atlantic Health System (U.S.); St. Clair Hospital (U.S.); Northwest Hospital & Medical Centre (U.S.); St. Vincent (U.S.); George Washington University Hospital (U.S.); Medanta (India); Apollo Hospitals Enterprise Limited (India); The Princess Grace Hospital (U.K.); and Cambridge University Hospital (U.K.). The leading players operating in the image guided surgery & robotics industry are adopting various strategies including R&D investments, adoption of advanced techniques, new technology launches, mergers & acquisitions, and regional expansions to capture a maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The image guided surgery & robotics market report is categorized into the following segments and subsegments: