Improving healthcare IT infrastructure across the globe to drive the growth of global surgical robots market
According to TechSci Research report, “Global Surgical Robots Market By Component (Systems, Accessories, Services), By Mechanism of Control (Computer Control v/s Direct Telemanipulator), By Application (Endometriosis, Thoracic Surgery, Colorectal Surgery, Heart Surgery, Urologic Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Others), By Region, Forecast & Opportunities, 2025”, the global surgical robots market is expected to grow at a significant rate during the forecast period on account of widespread adoption of robotic assisted surgeries in various hospitals, clinics and ambulatory surgical centers. Additionally, increasing geriatric population coupled with the growing adoption of minimal invasive surgery procedures is further expected to propel the market during forecast period. Furthermore, surgical robots make it easiers for the surgeons to carry out complex procedures with comparatively smaller incisions. Similarly, they provide a better view of access of incision sites as well as improves the efficiency of the entire procedure. Moreover, surgeries done with the assistance of surgical robots require less time as compared to the conventional surgeries. Also, there is less pain, shorter hospital stays and lesser post operation complications. These factors are anticipated to positively impact the growth of market. Besides, increasing regulatory approvals by the FDA and other regulatory agencies is expected to bolster the growth of market across the globe. However, high initial investments and high cost of installation can hamper the growth of market during forecast period. Additionally, a robot assisted surgery requires a skilled professional, thereby hampering down the growth of market due to the need of extra skilled man power. Additionally, mechanical failures and technical glitches experienced during the surgical procedures impede the market growth. Furthermore, increase in mortality rate and injuries during robotic surgeries are expected to restrict the growth of market during the next five years.
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The global surgical robots market is segmented based on component, mechanism of control, application, end user, company and region. Based on component, the market can be categorized into systems, accessories and services. The services segment is expected to register the highest growth during forecast period owing to the increase in the number of robotic surgeries. This rise in the use of surgical robots in surgical procedures can be ascribed to the growing geriatric population suffering from chronic diseases such as cancer, cardiovascular diseases, diabetes, among others. The systems segment is expected to hold a significant market share through 2025 on account of the growing demand for surgical robots in hospitals that offer robot assisted surgical procedures for complicated cases. Based on application, the market can be segmented into endometriosis, thoracic surgery, colorectal surgery, heart surgery, urologic surgery, neurosurgery, orthopedic surgery, general surgery and others. The orthopedic surgery segment is expected to dominate the market on account of the extensive use of surgical robots in knee replacement surgeries. On the contrary, the neurosurgery segment is expected to hold a significant market share owing to the growing cases of neurological dysfunctions, brain strokes, among others. The use of surgical robots in these procedures improves the precision, control and skill of the surgery and offers high quality operating interventions to the patients. The general surgery segment will also grow over the next few years owing to the increased use of surgical robots in general procedures such as bariatric surgery, gastrectomy, among others. Based on end user, the market can be fragmented into hospitals & clinics, ambulatory surgical centers and others. The hospitals & clinics segment is anticipated to dominate the market attributable to the growing focus on carrying out surgeries with better precision. Additionally, use of surgical robots ensures ease and comfort to the surgeon also.
Intuitive Surgical, Stryker Corporation, Mazor Robotics, Smith & Nephew, Hansen Medical, Medrobotics Corporation, TransEnterix Inc., Medtech, Renishaw, THINK Surgical, Zimmer Biomet, Corindus Vascular Robotics, Auris Health, Inc., CMR Surgical, Verb Surgical, Omnilife Science, Inc., Preceyes BV, Microsure, Titan Medical Inc., Avatera Medical GmbH and others are some of the leading players operating in global surgical robots market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, in March 2019, Smith & Nephew, a global medical technology company, announced the product launch of Navio Surgical System and its investment, which would help in establishing its multi-asset robotic and digital surgery and ecosystem. The NAVIO 7.0 is designed for improving the surgeon’s experience through expanded surgical preferences, streamlined workflow and a new intuitive interface which would reduce the surgery time as compared to the previous version. This would help in expanding the product portfolio of the company.
“North America is expected to dominate the surgical robots market during the forecast years, owing to the availability of funding for R&D in surgical robots in the region. Additionally, presence of well-established healthcare infrastructure in the region is further anticipated to spur the market through 2025. Moreover, presence of key manufacturers operating in the market in the region is expected to create lucrative opportunities for the growth of market until 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Surgical Robots Market By Component (Systems, Accessories, Services), By Mechanism of Control (Computer Control v/s Direct Telemanipulator), By Application (Endometriosis, Thoracic Surgery, Colorectal Surgery, Heart Surgery, Urologic Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Others), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global surgical robots market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global surgical robots market.