According to Abdul Wahid, a lead analyst at BIS Research, "With the advent of technologically advanced surgical robotic systems, the global market is expected to grow substantially to meet the rising needs of healthcare professionals confronting the surgeries of a large pool of patients, especially of the people with gynaecological, urological, orthopaedics, neurological, and orthopaedics disorders. The market for surgical systems by value is expected to grow at the CAGR of 12.3% during the forecast period, 2017-2025. Among all the surgical systems, the da Vinci surgical system accounted for the highest installation volume in 2016 and is anticipated to reach 1,123 installation units in 2025, growing at the CAGR of 8%. Furthermore, the market for da Vinci surgical system by value accounted for the highest market share in 2016 and is expected to grow at a CAGR of 10.9% during the forecast period, 2017-2025."
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Based on the product segment, instruments & accessories accounted for the largest market share in 2016 and is expected to reach $5.85 billion by 2025. This is attributed to the prominent recurring revenue generation business model in the surgical robotics market.
Based on the application, gynaecology accounted for the largest market share by value in 2016. However, general surgery is expected to be dominant with revenue generation of $4.22 billion by 2025. Further, orthopaedics is anticipated to grow at the highest CAGR of 15.5% during the forecast period, 2017-2025.
Based on the application, gynaecology accounted for the largest market share by robotic surgical procedural volume in 2016. However, general surgery is expected to be dominant with the robotic surgical procedural volume of 717,550 by 2025.
Based on end users, hospitals are the most significant consumer of surgical robotic systems and are anticipated grow at the CAGR of 11.1% during the forecast period, 2017-2025. Based on the end-user, hospitals accounted for the largest market share by robotic surgical system installation volume in 2016 and is anticipated to reach 1,816 units by 2025.
Based on geography, North America is currently the largest revenue generator for the surgical robotics market and is expected to reach $6.54 billion by 2025. Further, Latin America and the Asia Pacific are expected to be the fastest growing regions with the CAGR of 14% respectively, during the forecast period 2017-2025.
Based on the geography, North America accounted for the largest market share by robotic surgical system installation volume in 2016 and is anticipated to reach robotic surgical system installation volume of 1092 units by 2025.
