- Myriad of opportunities being unlocked in gynaecological and orthopedic surgeries, companies grabbing opportunities in FDA-approved systems with both hands
- Asian nations at the throes of innovation in patient care and are keenly looking at robot-assisted surgeries to improve patient care
ALBANY, N.Y., June 15, 2021 /PRNewswire/ -- Robotic systems developers have found a niche in surgical application in the past decade, and the market for surgical robots has been evolving at a bewildering pace. Unmatched precise surgical maneuvers, remarkably accurate resections, and capability with humans in making preoperative planning have enabled surgical robots to gain traction in various medical specialities. These characteristics of robots have been used with varying success in neurosurgery, gynecology surgery, and urology. Robotic-assisted surgeries are being embraced with optimism in tumor removal with high precision and orthopedic procedures. The pervasive trend of making minimally invasive surgeries worldwide has led to the rapid uptake of robotic systems in surgeries in developed regions of Europe and North America.
Despite the profound potential surgical robots have shown, market players have been successful in tapping into only a small pie of it. With the advent of cutting-edge FDA-approved robotics and acceptance of robotic-assisted surgeries for common procedures, the surgical robots market is expected to climb to a valuation of ~US$ 13.1 Bn by 2027.
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Key Findings of Surgical Robots Market Study
- Cutting-edge Sensor Technology and 3D Visualization to Unlock Myriad of Opportunities: The demand for safer surgical environment and for better patient outcomes is a key trend bolstering the penetration of robotic systems. Hospitals in the developed world have largely increased the acquisition of robotic surgical technologies. The prospect is likely to see new streams from the relentless efforts to incorporate cutting-edge sensor technologies that will improve the haptic response. Advances made in 3D visualization are expected to boost the capabilities of surgical robots further.
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- Asia Pacific with Patient Care and Outcomes in Surgeries Replete with Opportunities: Complicated surgeries such as primary bone tumor in the spine and spinal tumor surgery are apt case for robotic-assisted surgeries. Motivated by their clinical evidence of safety, surgical robots have seen a high scope of commercialization in oncology, orthopedics, and gynecological surgery. The last segment has a massive revenue potential in the global surgical robots market. By 2027, the segment is expected to spawn revenues worth of ~US$ 4.9 Bn. A large chunk of revenues will come also from ambulatory surgical centers. The rise in demand for orthopedic and neurosurgical operations is expected to be prominent in Asian nations. Market players have been ceaselessly working on increasing the awareness of the benefits of robot-assisted minimal invasive surgeries in untapped markets, with Asia being a prominent case in point.
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- High Cost a Glaring Downside: FDA-approved robotic systems have enriched the landscape considerably in recent years. Still, the technology is at best at a nascent stage. This is because the cost of a typical FDA-approved surgical robot may be upward of $850,000, and a substantial amount in disposable fees. Due to the lack of high-case volumes the surgical robots can be put, long-term true cost may be diffused arguably. Lack of skilled personnel to operate robotic systems is another impediment to their adoption. All these aspects may hinder the surgical robots market to attain its true potential in near future.
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Surgical Robots Market: Key Driving Factors and Avenues
- The ceaselessly growing trend of automation in medical and healthcare industries is bolstering the use cases of robot-assisted surgeries
- Better patient care and outcomes in complicates surgical procedures are key aspects of patient engagement
- Rise in healthcare awareness programs in developing world is a key trend boosting the revenue potential in the surgical robots market
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Surgical Robots Market: Key Participants
- Intuitive Surgical, Inc.
- Medrobotics Corp
- Medicaroid, Inc.
- TransEnterix Surgical, Inc.
- Stryker Corporation
- Smith & Nephew plc
Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:
Minimally Invasive Surgery Market: https://www.transparencymarketresearch.com/mis-market.html
Healthcare Automation Market: https://www.transparencymarketresearch.com/healthcare-automation-market.html
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