North America to Dominate Surgical Robots Market During Next Five Years
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.
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.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4613
Customers can also
request for 10% free customization on this report.
“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.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]