DUBLIN--(BUSINESS WIRE)--The "Robotic Catheter Systems Market Research Report: By Type, Technology, Application, Component, End User, Geographical Outlook - Global Industry Analysis and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Witnessing a CAGR of 5.2% during the forecast period (2019-2024), the global robotic catheter systems market is predicted to grow to $656.8 million by 2024, witnessing a significant jump in its revenue from $493.5 million in 2018.
The major drivers of the market are the rising prevalence of cardiovascular diseases and reduced occupational hazards for cardiologists. These systems are medical robots that work through a joy stick or a remote to perform various diagnostic and therapeutic procedures, such as the stent implantation, myocardial biopsy, ablation, and coronary angiogram, among others.
The robotic catheter systems market is categorized into Middle East & Africa, Latin America, Asia-Pacific, Europe, and North America based on region. In 2018, the highest revenue generator in the market was North America, and in the forecast period as well, it would continue to dominate the market, in terms of revenue. The major driving factors of the regional market are the high adoption of these systems for cardiovascular diagnostic and therapeutic procedures in hospitals and clinics and the large presence of key manufacturers.
The robotic catheter systems market is witnessing the trend of digitization of instruments, which has been a key factor in the evolution of integrated and automated cardiovascular interventional labs. The advancements in the robotic technology are taking place rapidly, which, in turn, is helping hospitals cut down on catheterization lab costs, particularly in remote areas. The operational efficiency of cath labs has massively improved due to the commercialization of such systems. Even though these systems are pretty expensive, they are being heavily deployed owing to the advantages they offer over conventional catheterization procedures.
One of the major factors driving the growth of the robotic catheter systems market are the reduced risk of occupational hazards for cardiologists. Many surgeons have reported suffering from occupational hazards while performing interventional cardiology procedures. The modem catheterization laboratories extensively use ionizing radiation in the form of X-rays, which put the practitioners at a risk of malignancy, including in the head and neck region. Even though they wear lead aprons, their long-term use may result in orthopedic injuries. To make conducting procedures safer for surgeons, robotic catheter systems are being deployed.
With the technological advancements, the robotic catheter systems market would witness remarkable growth due to the extensive testing of these systems in the clinical trials. Catheterized cardiovascular procedures, such as catheter ablation, are popularly used in modern medicine, but robot-assisted catheterized procedures have not become as popular as their conventional counterparts due to the scarcity of skilled professionals. Companies, such as CorPath, Amigo, Sensei, and Niobe are commercializing robot catheterization systems, which may contribute in the demand for training people for operating the technology, thereby making them popular among patients and surgeons.
Hence, the market for robotic catheter systems is set to advance in the forecast period as the requirement for safer technologies for carrying out cardiovascular procedures is rising.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Technology
1.3.3 Market Segmentation by Application
1.3.4 Market Segmentation by Component
1.3.5 Market Segmentation by End User
1.3.6 Market Segmentation by Geography
1.3.7 Analysis Period
1.3.8 Market Data Reporting Unit
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.2 Market Dynamics
4.2.1 Trends
4.2.2 Drivers
4.2.3 Restraints
4.2.4 Opportunities
4.3 Porter's Five Forces Analysis
4.4 Regulatory Framework Analysis
4.5 Upcoming and Emerging Technologies
4.6 Pricing of Robotic Catheter Systems
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.2 By Technology
5.3 By Application
5.4 By Component
5.5 By End User
5.6 By Region
Chapter 6. North America Market Size and Forecast
6.1 By Type
6.2 By Technology
6.3 By Application
6.4 By Component
6.5 By End User
6.6 By Country
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Strategic Developments of the Key Players
11.1 Product Launches
11.2 Acquisitions
11.3 Agreement, Partnership, and Collaborations
Chapter 12. Company Profiles
12.1 Stereotaxis Inc.
12.2 Corindus Vascular Robotics Inc.
12.3 Catheter Precision Inc.
12.4 Hansen Medical Inc.
12.5 Intuitive Surgical Inc.
12.6 Magnetecs Corporation
12.7 Boston Scientific Corporation
12.8 Abbott Laboratories
12.9 Biosense Webster Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ur7kvc
Read more from the original source:
- Robotics Academy - December 14th, 2016 [December 14th, 2016]
- KUKA Robotics | KUKA AG - December 14th, 2016 [December 14th, 2016]
- Robotics - The Great Courses - December 22nd, 2016 [December 22nd, 2016]
- Robotics - reddit - January 11th, 2017 [January 11th, 2017]
- Chatham Robotics Goes Undefeated and Moves On to State Championship - TAPinto.net - February 7th, 2017 [February 7th, 2017]
- Meridian robotics team gears up for Idaho FRC Regional - KBOI-TV - February 7th, 2017 [February 7th, 2017]
- Local robotics students headed to World Championship tournament - KOLO - February 7th, 2017 [February 7th, 2017]
- Report: Nearshoring favors robotics, will require heavy capital investment - Supply Chain Dive - February 7th, 2017 [February 7th, 2017]
- Belding hosts largest robotics competition in history of event - Greenville Daily News - February 7th, 2017 [February 7th, 2017]
- First Tech Challenge: High schools battle in robotics competition - The Journal News | LoHud.com - February 7th, 2017 [February 7th, 2017]
- Robotics Team Takes Home Trophy at Lego Competition - Patch.com - February 7th, 2017 [February 7th, 2017]
- OHS robotics club dazzles McKinley students - Southernminn.com - February 7th, 2017 [February 7th, 2017]
- Toyota Industries Acquires Warehouse Robotics Developer - Wall Street Journal - February 7th, 2017 [February 7th, 2017]
- South High wins Volvo's robotics tournament - Herald-Mail Media - February 7th, 2017 [February 7th, 2017]
- Belding hosts robotics competition - Sentinel-Standard - February 7th, 2017 [February 7th, 2017]
- CMS robotics program soars - SW News Media - February 7th, 2017 [February 7th, 2017]
- Update On The Megatrend of Robotics - CTOvision (blog) - February 7th, 2017 [February 7th, 2017]
- 33C3: Edible Soft Robotics - Hackaday - February 7th, 2017 [February 7th, 2017]
- Shopping robots on the march in Ocado - BBC News - February 7th, 2017 [February 7th, 2017]
- Keller students Starstruck on robotics - Fort Worth Star Telegram - February 7th, 2017 [February 7th, 2017]
- Our obsession with robots keeps getting creepier - New York Post - February 7th, 2017 [February 7th, 2017]
- Rethink Robotics makes its workplace bots easier to train and redeploy - TechCrunch - February 7th, 2017 [February 7th, 2017]
- Donation will cover costs for Sequim robotic competition - Peninsula Daily News - February 8th, 2017 [February 8th, 2017]
- Derby Middle School robotics club competes at high school competition - The Derby Informer - February 8th, 2017 [February 8th, 2017]
- Raspberry Pi-powered arm: This kit aims to make robotics simple enough for kids - TechRepublic - February 8th, 2017 [February 8th, 2017]
- WPI Robotics Team Has a Mission with Mars | News | WPI - WPI News - February 8th, 2017 [February 8th, 2017]
- Rehab robotics field promises to return control, mobility to aging population - ScienceBlog.com (blog) - February 8th, 2017 [February 8th, 2017]
- Rethink's Robots Get Massive Software Upgrade, Rodney Brooks So Excited - IEEE Spectrum - February 8th, 2017 [February 8th, 2017]
- Robotics: A robot that flies like a bat : Nature : Nature Research - Nature.com - February 9th, 2017 [February 9th, 2017]
- Robotics teams at CCS stay busy at tournaments - Imperial Republican - February 9th, 2017 [February 9th, 2017]
- Rethink Robotics rethinks its software | ZDNet - ZDNet - February 9th, 2017 [February 9th, 2017]
- Hartland robotics teams take on the FIRST Tech challenge at state competition - LC Sussex Sun - February 9th, 2017 [February 9th, 2017]
- Home-schooled students studying robotics - Valencia County News Bulletin - February 9th, 2017 [February 9th, 2017]
- Agility Robotics Introduces Cassie, a Dynamic and Talented Robot Delivery Ostrich - IEEE Spectrum - February 9th, 2017 [February 9th, 2017]
- Memphis robotics team headed to Super-Regionals - New Baltimore Voice Newspapers - February 10th, 2017 [February 10th, 2017]
- Patriot Robotics Alliance upsets Brentwood Academy Alliances - Clarksville Now - February 10th, 2017 [February 10th, 2017]
- Raptor legs & human hips: Giant leap for walking robots - RT - February 10th, 2017 [February 10th, 2017]
- How drones and robotics may shape the future of conflict under President Trump - PRI - February 10th, 2017 [February 10th, 2017]
- Robotics teams wins at state meet - The Citizen.com - February 10th, 2017 [February 10th, 2017]
- Ford Bets $1B on Startup Founded by Waymo, Uber Vets - ABC News - February 10th, 2017 [February 10th, 2017]
- South Beach robotics squad advances to super regionals - The Daily World - February 11th, 2017 [February 11th, 2017]
- Personal robotics the next technological revolution: Dr Vivian Balakrishnan - Channel NewsAsia - February 11th, 2017 [February 11th, 2017]
- This bipedal robot could deliver your packages one day - The Verge - The Verge - February 11th, 2017 [February 11th, 2017]
- Robotics event offers lesson in teamwork - Lewiston Morning Tribune (subscription) - February 12th, 2017 [February 12th, 2017]
- Essex County Freeholders Honor Livingston Robotics Club Teams - TAPinto.net - February 12th, 2017 [February 12th, 2017]
- College Town: WPI Robotics team aims for $1M NASA prize - Worcester Telegram - February 12th, 2017 [February 12th, 2017]
- Alice Shaw robotics team building invention to save wolves | Local ... - Lompoc Record - February 12th, 2017 [February 12th, 2017]
- Ford invests $1B in robotics startup in driverless car quest - CBS News - February 12th, 2017 [February 12th, 2017]
- Freshman Caldwell team takes first place in Regional Robotics Tournament - Idaho Press-Tribune - February 12th, 2017 [February 12th, 2017]
- What went seriously wrong with Lily Robotics - VentureBeat - February 12th, 2017 [February 12th, 2017]
- Face off: Marion students compete in robotics competition - The Exponent Telegram (press release) (registration) - February 12th, 2017 [February 12th, 2017]
- Robotics Competition slated for Monday - San Angelo Standard Times - February 13th, 2017 [February 13th, 2017]
- Cornerstone Prep robotics team brings home trophy in first year - MDJOnline.com - February 13th, 2017 [February 13th, 2017]
- Center Grove robotics team headed to state competition - Daily Journal - February 13th, 2017 [February 13th, 2017]
- Hundreds piled into a Fort Mill gym. They cheered. They competed. They drove robots. - The Herald - February 13th, 2017 [February 13th, 2017]
- My Turn: Arts education paved the way for girls' robotics win - AZCentral.com - February 13th, 2017 [February 13th, 2017]
- Young Alberta engineers face off in robotics showdown - CBC.ca - February 13th, 2017 [February 13th, 2017]
- Cougar robotics team advances to Super-Regionals - Times Bulletin - Times Bulletin - February 13th, 2017 [February 13th, 2017]
- South Carroll Robotics teams compete at Maryland State Robotics Competition - Carroll County Times - February 13th, 2017 [February 13th, 2017]
- Cave Spring High School's Robotics Club wins in the First Tech ... - Roanoke Times - February 13th, 2017 [February 13th, 2017]
- FIRST Robotics Competition - Wikipedia - February 13th, 2017 [February 13th, 2017]
- Designing robots to look more like ostriches can solve a key problem for our future biped overlords - Quartz - February 14th, 2017 [February 14th, 2017]
- More than 1000 high school students expected to Battlefield HS robotics tournament - PotomacLocal.com - February 14th, 2017 [February 14th, 2017]
- Event to look at Scotland's pivotal role in robotics - The Scotsman - February 14th, 2017 [February 14th, 2017]
- Kennett Coders to compete in NH State Robotics Championships on Saturday - Conway Daily Sun - February 14th, 2017 [February 14th, 2017]
- Are there enough robots? - Robotics Tomorrow (press release) - February 15th, 2017 [February 15th, 2017]
- Girl Scouts of Southern Illinois robotics team makes state tournament - Alton Telegraph - February 15th, 2017 [February 15th, 2017]
- Intuition Robotics raised $6 million for its ElliQ elder care assistant robot - TechCrunch - February 15th, 2017 [February 15th, 2017]
- Richmond robotics team gears up for districts - New Baltimore Voice Newspapers - February 15th, 2017 [February 15th, 2017]
- Microsoft lets you crash drones and robots in its new real world simulator - The Verge - February 15th, 2017 [February 15th, 2017]
- Makeblock's Lego-like 'Neuron' teaches kids robotics and code - Engadget - February 15th, 2017 [February 15th, 2017]
- West Ridge robotics team maneuvers into national championship - Austin American-Statesman - February 15th, 2017 [February 15th, 2017]
- Immokalee High team set for robotics state championships Friday - Naples Daily News - February 16th, 2017 [February 16th, 2017]
- What has Robotics got in store for our future? - RTE.ie - February 16th, 2017 [February 16th, 2017]
- Uber Is Becoming a Robotics Company, CEO Says - Yahoo News - February 16th, 2017 [February 16th, 2017]
- 3Doodler's new kits help kids craft their own robots - Engadget - Engadget - February 16th, 2017 [February 16th, 2017]
- Magnetic Control Could Help Robots Navigate Inside Your Body - IEEE Spectrum - February 16th, 2017 [February 16th, 2017]
- Boston's new hub, MassRobotics, is like a WeWork for robotics startups - TechCrunch - February 16th, 2017 [February 16th, 2017]
- 3Doodler announces a robotics kit, Star Trek and Powerpuff Girls ... - TechCrunch - February 17th, 2017 [February 17th, 2017]
- Chart: Are Robots Replacing High-Cost Workers? - Seeking Alpha - February 17th, 2017 [February 17th, 2017]