Robotic
surgery consumables may be defined as those instruments and accessories which
are used with computer-assisted surgical systems. The equipment help the
surgeons perform safe, precise, and accurate surgical procedures. Robotic
surgery consumables include instruments such as scissors, forceps, and other
tools. These instruments, in most cases, are specially manufactured by surgical
robotic system manufacturers.
The
instruments are designed in such a manner that they are able to perform a safe
and minimally invasive surgical (MIS) procedure. Certain consumables, such as
graspers and forceps, can be reused. They can be re-used for more than one
surgery. However, they must be replaced after a certain number of procedures
have been performed, as per specifications provided by the original equipment
manufacturer (OEM).
The global robotic
surgery consumables market is estimated to be valued at $2,831.7 million in
2019 and is projected to register a CAGR of 11.37%. The growth in the robotic
surgery consumables market is mainly attributed to a faster rate of adoption of
surgical robotic systems. Surgical robotic technology has significant benefits
over conventional surgery in improving the efficacy and precision of
procedures.
The global
robotic surgery consumables market has been segmented into seven core
categories on the basis of application – urology, gynecology, general surgery,
cardiology, orthopedic surgery, head, and neck surgical procedure and other
surgical procedures.
The share
of the general surgery application in terms of value in the robotic surgery
consumables market for the year 2018 is 27.57% and is the highest contributor
to the market. The general surgery is expected to account for more than 45% of
the total market by application, by the end of 2030. The growth rate that the
gynecology segment is expected to register is around 5.79% during the forecast
period.
The global
robotic surgery consumables market has been segmented into three core
categories on the basis of end-use – hospitals, ambulatory surgical centers
(ASCs), and others (research institutions and specialty clinics). The
advancement in technology in the healthcare robotics space is expected to play
a key role in propelling growth in the adoption of robotic surgery systems. The
increase in patient awareness and acceptance for advanced surgical technologies
coupled with increasing disposable income is expected to lead to a rise in
healthcare expenditure in the coming years.
Lastly, the
potential of robotic surgery consumables market with respect to different
regions, namely, North America, Europe, Asia-Pacific, Latin America, and the
Rest-of-the-World (ROW), has been described in this section.
In 2018,
the contribution of North America was valued to be 66.52% of the total share of
the market. The region is expected to contribute 45.69% of global market value
in 2030. Substantial investments made by leading companies, such as Medtronic
plc, Medrobotics Corporation, and Auris Health, Inc. in the field of surgical
robotics play a pivotal role in the growth of the North America robotic surgery
consumables market.
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