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