Global Robotic Surgery Consumables Market Expected to Grow with a CAGR of 11.37% Over the Forecast Period, 2020-2030 – ResearchAndMarkets.com – Yahoo…

The "Global Robotic Surgery Consumables Market: Focus on Product Type, Application, End Use, 43 Countries' Data, Patent Scenario, and Competitive Landscape - Analysis and Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.

Overview of the Global Robotic Surgery Consumables Market

Robotic surgeries have been in the healthcare landscape as early as 2000. Over the last two decades, the healthcare industry has witnessed an increasing preference for robotic-assisted surgeries, leading to an increase in the consumption of robotic surgery consumables. Although robotic-assisted surgeries account for less than 1% of the total number of MIS procedures performed across the world, the share is expected to up to 6% and above by the end of the forecast period.

The growing preference for robotic-assisted surgeries is expected to be driven by increasing healthcare expenditure and disposable income, making robotic-assisted surgeries affordable in developing countries. The key factor which holds back several end-uses from adoption robotic surgical systems is the high cost associated with the installation and maintenance of robotic surgery systems. It may be counter-intuitive to consider robotic surgery systems as expensive since they are priced over $2 million in some cases. However, a major chunk of the revenue is generated through recurring sales of robotic surgery consumables in the form of kits. Robotic surgery consumables are available both in single-use and reusable variants in the market. While manufacturers recommend the single-use consumables be disposed of after every surgery, reusable consumables are usually replaced after a certain number of procedures, i.e., seven on an average.

Competition in the market is high and is expected to increase during 2020-2030. Initially, Intuitive Surgical, Inc. was the only player with the FDA-approved robotic surgery platform - the da Vinci system. The patents initially filed by Intuitive Surgical, Inc. acted as barriers to entry for new market entrants, enabling Intuitive Surgical, Inc. to maintain the leading position in the market. However, owing to the expiration of initial patents and proper identification of target segments by new market entrants led to an increase in the level of market competition. Most new players are targeting those segments in which Intuitive Surgical, Inc. has a relatively weak presence, such as in orthopedics. The expiration of patents, however, is unlikely to pose a serious threat to Intuitive Surgical, Inc. in the future, as the market witnesses a high rate of patent filing activities, in which Intuitive Surgical, Inc. is one of the players at the forefront. Stryker Corporation is another leading market player with a significant market share. One of the key trends likely to be observed in the future is the miniaturization of the robotic surgery consumables, especially end effectors.

Robotic Surgery Consumables Market Forecast, 2020-2030

The Global Robotic Surgery Consumables Market Report the publisher, projects the market to grow at a significant CAGR of 11.37% during the forecast period, 2020-2030.

Scope of the Robotic Surgery Consumables Market

The report constitutes an in-depth study of the global robotic surgery consumables market, including a thorough analysis of the types of products. The study also presents a detailed analysis of the market dynamics and the estimation of the market size over the forecast period 2020-2030. The scope of this report is focused on the different types of instruments and accessories, along with different applications and end uses, as well as country-wise analysis.

The purpose of the study is to gain a holistic view of the global robotic surgery consumables market in terms of various factors influencing it, including regulations and technological advancements. The market has been segmented into product type, application, end-use, and region. The scope of this report is centered upon conducting a detailed study of the products allied with the global robotic surgery consumables market. In addition, the study also includes exhaustive information on the market opportunities, patent filing trend, competitive landscape, market share of leading manufacturers, the growth potential of each product, end-use, application, and region, as well as other vital information with respect to the robotic surgery consumables market.

Story continues

Key Questions Answered in this Report:

Key Topics Covered:

Executive Summary

1 Product Definition

2 Scope of Research

2.1 Key Questions Answered in the Report

2.2 Research Scope

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Data Sources Categorization

3.4 Companies Profiled in the Report

3.5 Brief Overview of the Market Estimation Process

3.6 Data Validation

3.7 Assumptions and Limitations

4 Industry Analysis

4.1 Industry Structure

4.2 Industry Supply Chain Analysis

4.3 Regulatory Framework and Government Initiatives

4.4 Patent Analysis

4.5 Industry Opportunity Analysis

5 Competition Landscape

5.1 Market Share Analysis

5.2 Key Strategies and Developments

5.3 Product Mapping Analysis

5.4 Business Model Analysis

5.5 Competitive Benchmarking

6 Global Robotic Surgery Consumables Market Scenario

6.1 Assumptions and Limitations

6.2 Key Findings and Opportunity Assessment

6.3 Global Robotic Surgery Consumables Market Size and Forecast

6.4 Market Dynamics

6.5 Market Estimation Method

6.6 Key Vendors

7 Global Robotic Surgery Consumables Market (by Product Type), 2018-2030

7.1 Key Findings and Opportunity Assessment

7.2 Access and Facilitation Equipment

7.3 End Effectors

7.4 Closure

7.5 Other Consumables

8 Global Robotic Surgery Consumables Market (by Application), 2018-2030

8.1 Key Findings and Opportunity Assessment

8.2 General Surgery

8.3 Gynecology Surgical Procedure

8.4 Urology Surgical Procedure

8.5 Orthopedic Surgical Procedure

8.6 Cardiology Surgical Procedure

8.7 Head and Neck Surgical Procedure

8.8 Other Surgical Procedures

9 Global Robotic Surgery Consumables Market (by End-Use), 2018-2030

9.1 Key Findings and Opportunity Assessment

9.2 Hospitals

9.3 Ambulatory Surgical Centers (ASCs)

9.4 Others

10 Global Robotic Surgery Consumables Market (by Region)

10.1 Overview

10.2 North America Robotic Surgery Consumables Market

10.3 Europe Robotic Surgery Consumables Market

10.4 Asia-Pacific Robotic Surgery Consumables Market

10.5 Latin America Robotic Surgery Consumables Market

10.6 Rest-of-the-World Robotic Surgery Consumables Market

11 Company Profiles

11.1 Overview

11.2 Auris Health, Inc.

11.3 Corindus Vascular Robotics, Inc.

11.4 Intuitive Surgical, Inc.

11.5 Medrobotics Corporation

11.6 Medtech SA

11.7 Mazor Robotics Ltd.

11.8 Renishaw plc

11.9 Restoration Robotics, Inc.

11.10 Smith & Nephew plc

11.11 Stereotaxis, Inc.

11.12 Mako Surgical Corp.

11.13 THINK Surgical, Inc.

11.14 TransEnterix, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/u9zrve

View source version on businesswire.com: https://www.businesswire.com/news/home/20200401005513/en/

Contacts

ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900

See the original post here:

Global Robotic Surgery Consumables Market Expected to Grow with a CAGR of 11.37% Over the Forecast Period, 2020-2030 - ResearchAndMarkets.com - Yahoo...