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North America to Dominate the Robotic Surgery Consumables Market with Maximum Market Share

 

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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