Surgical Robots are being increasingly used to perform complicated surgeries such as radiosurgery, brain surgery and orthopedic surgery. The use of surgical robots offers various advantages such as high accuracy and precision, reduction in errors rates and operation time and reduced pain.
The Asian surgical robots market is mainly driven by reduced risk of infection and shorter hospital stay. This market was valued at $98.4 million in 2013 and is expected to reach $200.8 million by 2018, at a CAGR of 15.3%.
The report “Asia Surgical Robots Market forecast”, 2008-2018 “analyzes the market of devices by 4 product type da Vinci Surgical System, RIO, Cyberknife, Renaissance. The market is expected to witness a high growth in the forecast period.
The Asian surgical robots market is likely to be driven by Japan’s aging population, the growth in the spinal surgery market in China and the growing Indian economy. Furthermore, government support in Thailand and Korea and the presence of training centers in Singapore are factors that are likely to spur the growth of this market in Asia.
China is the largest market for surgical robots in Asia, followed by Japan and India. The growth of this market will be driven by the growth in installations of robotic systems in large and medium sized hospitals in Asian countries. Over the years, the demand for surgical robots has increased significantly. This is due to paradigm shift in the healthcare industry, where more emphasis is being laid on minimally invasive surgeries through the use of robots. Surgical robots improve the accuracy of procedures and thus reduce the complication rates in surgeries.
The report also provides an extensive competitive landscaping of companies operating in this market. The main companies operating in Asian surgical robots market and extensively covered in this report are Mazor Robotics, Intuitive Surgical and Mako Surgical Corp.
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Product Analysis
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MMM’s Healthcare Decision Making Quadrant It is an innovative and useful quadrant for vendors who wish to analyze the potential growth markets based on parameters like Patient dynamics (Patient pool, preference towards surgeries/alternative therapies) and Macroeconomic indicators (Number of Hospitals and diagnostics centers, Home/Ambulatory, reimbursement scenario, procedure rate and healthcare expenditure)
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PRODUCT TITLE | PUBLISHED | |
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Asia Surgical Automation Asian Surgical Automation Market, mainly driven by improved longevity, cost effectiveness, and an evolution that is attributed to the internet, was pegged at $324.8 million in 2013 and expected to be $574.1 million by 2018, growing at a CAGR of 12.1%. |
Upcoming | |
Europe Surgical Automation European Surgical Automation Market, mainly driven by improved longevity, cost effectiveness, and an evolution that is attributed to the internet, was pegged at $648.0 million in 2013 and expected to be $1028.6 million by 2018, growing at a CAGR of 9.7%. |
Upcoming | |
North America Surgical Automation The North American surgical automation Market, mainly driven by improved longevity, cost effectiveness, and an evolution that is attributed to the internet, was pegged at $2125.6 million in 2013 and expected to be $3602.6 million by 2018, growing at a CAGR of 11.1%. |
Upcoming |