ICONS: ADOBE STOCK / ROBOT ILLUSTRATION: MACLIFETHAI, ISTOCKPHOTO.COM
Application:
Urology: $140.9 million: Largest 2017 revenue segment
Oncology 15.7%: Largest growth sector to 2024
Market Drivers:
- Enhanced procedure effectiveness
- Reduced post-operative complications
- Hospital stay reductions
- Minimized scarring
Globally:
2017: $0.7 billion
2024: $1.7 billion
Regions:
US dominated 2017 $355.1 million revenue
China projected to grow 16.6% to 2024
India CAGR projection 16.3% to 2024
Top three applications:
- Cardiovascular
- Neurological
- Oncological
Top two end-users
Hospitals, clinics in 2017: 50.7%
Ambulatory surgical centers, CAGR to 2024: 14.5%
Top10 companies:
- Auris Health
- Intuitive Surgical
- Mazor Robotics
- Medrobotics
- Medtronic
- Smith & Nephew
- Stryker
- Titan Medical
- Transenterix
- Zimmer Biomet
Source: Global Market Insights
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