JERSEY
CITY, N.J., May 23, 2024
/PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release
of a market assessment report on the "Global Robotic Surgery
Consumables Market- (By Product Type (Access and Facilitation
Equipment, End Effectors, Closure and Others), By Application
(General Surgery, Gynecology Surgical Procedure, Urology Surgical
Procedure, Orthopedic Surgical Procedure, Cardiology Surgical
Procedure, Head and Neck Surgical Procedure and Others), By
End-user (Hospitals, Ambulatory Surgical Centers (ASCs), Others)),
By Region, Trends, Industry Competition Analysis, Revenue and
Forecast To 2031."
According to the latest research by InsightAce Analytic, the
Global Robotic Surgery Consumables Market is valued at
US$ 5.0 Bn in 2023, and it is expected to reach
US$ 12.3 Bn by 2031, with a
CAGR of 12.06% during the forecast period of
2024-2031.
The global robotic surgery consumables market has witnessed
remarkable growth driven by advancements in minimally invasive
surgical techniques and the increasing adoption of robotic-assisted
surgeries. These consumables encompass various instruments and
accessories utilized in robotic surgical procedures, including
surgical staplers, scalpels, sutures, and electrosurgical
tools.
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The market faced intense competition among key players such as
Intuitive Surgical, Medtronic, and Stryker Corporation, leading to
extensive R&D activities aimed at product innovation and
portfolio expansion. Incorporating robotic surgery consumables into
the healthcare sector has brought about transformative changes,
yielding numerous advantages. These consumables have notably
heightened surgical precision and broadened the range of procedures
achievable with greater accuracy and efficiency.
Furthermore, the growing prevalence of bone degenerative
diseases and the rising number of hip & knee replacement
surgeries due to increasing cases of arthritis & osteoporosis
are anticipated to drive growth. However, challenges such as high
initial setup costs, reimbursement issues, and concerns regarding
the efficacy and safety of robotic-assisted procedures posed
constraints to market growth.
List of Prominent Players in the Robotic Surgery Consumables
Market:
- Johnson & Johnson (Auris Health, Inc.)
- Intuitive Surgical, Inc.
- Medtronic plc. (Mazor Robotics)
- Zimmer Biomet Holdings (Medtech SA)
- Renishaw plc.
- Venus Concept (Restoration Robotics, Inc.)
- Smith & Nephew plc.
- Stereotaxis, Inc.
- Stryker Corporation (Mako Surgical Corporation)
- THINK Surgical, Inc.
- CMR Surgical Ltd.
- Meerecompany, Inc.
- Virtual Incision Corporation
- Asensus Surgical US, Inc. (Transenterix, Inc.)
Robotic Surgery Consumables Market Report Scope:
Report
Attribute
|
Specifications
|
Market Size Value In
2023
|
USD 5.0 Bn
|
Revenue Forecast In
2031
|
USD 12.3 Bn
|
Growth Rate
CAGR
|
CAGR of 12.06% from
2024 to 2031
|
Quantitative
Units
|
Representation of
revenue in US$ Million and CAGR from 2024 to 2031
|
Historic
Year
|
2019 to 2023
|
Forecast
Year
|
2024-2031
|
Report
Coverage
|
The forecast of
revenue, the position of the company, the competitive market
structure, growth prospects, and trends
|
Segments
Covered
|
By Product Type, By
Application, By End-user, and By Region
|
Regional
Scope
|
North America; Europe;
Asia Pacific; Latin America; Middle East & Africa
|
Country
Scope
|
U.S.; Canada; U.K.;
Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain;
South East Asia; South Korea
|
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Market Dynamics:
Drivers-
In the last few years, robotic-assisted procedures have gained
popularity over their conventional counterparts. Robotic-assisted
procedures are becoming more common due to their various benefits,
such as decreased blood loss, length of hospital stay,
post-operative pain, and fewer post-operative complications.
The senior population benefits the most from the
robotic-assisted approach. Additionally, the growing acceptance of
robotic surgery among patients and healthcare professionals boosts
market demand. Furthermore, technological innovations and
increasing investments in healthcare infrastructure, particularly
in emerging economies, contribute to market growth by expanding
access to robotic surgical procedures.
Challenges:
The adoption of robotic-assisted surgical platforms faces a
major hurdle due to their high costs. Additional expenses,
including consumables and surgical instruments, contribute to the
overall expense. Reimbursement issues and the need for standardized
reimbursement policies for robotic-assisted procedures in some
countries hinder market expansion by discouraging healthcare
providers from adopting these technologies.
Moreover, the complexity of training required for surgeons to
operate robotic systems effectively presents a challenge, slowing
down the adoption rate of robotic surgery. Additionally, the
limited availability of skilled personnel proficient in robotic
surgery techniques constrains market growth.
Regional Trends:
The North American region has high market attractiveness for
robotic surgery systems and consumable manufacturers, which can be
attributed to high patient acceptance of advanced surgical
technologies as well as a substantially large and well-established
healthcare industry: favorable reimbursement policies and a robust
regulatory framework support market growth. Furthermore, strong
awareness among healthcare professionals and patients about the
benefits of robotic surgery further solidifies North America's position as a key market for
robotic surgery consumables.
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Recent Developments:
- In March 2024, The U.S.
Food and Drug Administration (FDA) has granted 510(k) certification
to da Vinci 5, the next-generation multiport robotic system
developed by Intuitive. These developments will persistently
optimize the operational room's workflow and have the potential to
conserve significant time while upholding patient safety. This may
allow a hospital to utilize its human and financial resources more
effectively.
- In August 2023, Stryker
launched a direct patient marketing campaign aimed at enhancing
patient engagement and education. The campaign is designed to reach
patients directly & provide information about Stryker's
innovative medical solutions, focusing on joint replacement
procedures.
- In January 2022, Smith
& Nephew acquired Engage Surgical, which is involved in
manufacturing cementless knee systems in the U.S. This acquisition
improved its position in meniscal tear solutions and other knee
arthroscopy devices.
- In January 2021, DePuy
Synthes (Johnson & Johnson) received FDA approval for its VELYS
robotic system, improving its offerings with the ATTUNE TOTAL knee
system.
Segmentation of Robotic Surgery Consumables Market-
Global Robotic Surgery Consumables Market- By Product
Type
- Access and Facilitation Equipment
- Trocars
- Needle Holders
- Others
- End Effectors
- Graspers and Forceps
- Dissectors
- Stapling Instrumentation
- Scissors
- Drilling and Cutting Equipment
- Others
- Closure
- Other Consumables
Global Robotic Surgery Consumables Market- By
Application
- General Surgery
- Gynecology Surgical Procedure
- Urology Surgical Procedure
- Orthopedic Surgical Procedure
- Cardiology Surgical Procedure
- Head and Neck Surgical Procedure
- Other Surgical Procedure
Global Robotic Surgery Consumables Market- By
End-User
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Others
Global Robotic Surgery Consumables Market- By Region
North America-
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and
Africa
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Why should buy this report:
- To receive a comprehensive analysis of the prospects for global
Robotic Surgery Consumables market
- To receive industry overview and future trends of global
Robotic Surgery Consumables market
- To analyze the Robotic Surgery Consumables market drivers and
challenges
- To get information on the Robotic Surgery Consumables market
size value (US$ Mn) forecast till 2031
- Major Investments, Mergers & Acquisition in global Robotic
Surgery Consumables industry
Other Related Reports Published by InsightAce
Analytic:
Digital Surgery Technologies Market
Genitourinary Robotic Surgery Market
Robotic Nurses Market
Autonomous Robots Market
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