United States Surgical Robotics Market to Witness Substantial Growth in Coming Years
Technological advancements and increasing funding for medical
robot research to drive United States surgical robotics market
According to
TechSci Research report, “United States Surgical Robotics Market By Component (Surgical
Systems, Accessories, Services), By Surgery Type (Gynecological Surgery,
Urological Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, Others),
By End User (Hospitals, Ambulatory Surgery Centers, Others), By Region,
Forecast & Opportunities, 2025”, the market is anticipated to
grow at a significant CAGR during the forecast period owing to increasing implementation
of surgical robots by hospitals & ambulatory surgery centers and rising
funding for medical robot research in the country. The advantages of
robotic-assisted surgery such as minimization of invasiveness involved in surgical
procedures are also acting as major growth driver for the market. Furthermore, technological
advancements and growing need for automation in healthcare industry are some
other key factors propelling the growth of United States surgical robotics market.
With shifting focus towards advanced robotic surgeries and increasing
expenditure on healthcare system, the market is expected to witness a healthy
growth in coming years.
Moreover, increasing prevalence of chronic diseases
and rising demand for minimally invasive surgeries is also serving as growth
drivers for United States surgical robotics market. In addition to this, the
development of procedure specific robotic systems is expected to fuel the
market growth through 2025. Also, increasing product approval by U.S. Food and
Drug Administration is supporting the United States surgical robotics market
growth. However, high cost of surgical robotic surgeries & robotic systems
is expected to challenge the market growth. Furthermore, increase in deaths and
injuries due to robotic surgeries might hamper the growth of surgical robotics
in United States.
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United States surgical
robotics market is segmented based on component, surgery type, end user and
region. Based on component, the market can be segmented into surgical systems,
accessories and services. Among them, accessories segment underwent highest
growth in United States surgical robotics market in terms of revenue owing to
wide usage of accessories in surgical procedures. However, services segment is
expected to register fastest CAGR during the forecast period due to rise in
robot assisted surgeries in the country.
Based on surgery
type, the United States surgical robotics market can be segmented into gynecological
surgery, urological surgery, neurosurgery, orthopedic surgery, general surgery
and others. Among them, the neurosurgery segment is expected to undergo significant
growth through 2025 as surgical navigation are frequently being used during
brain tumor removal, deep brain stimulation (DBS), brain biopsies and cerebrospinal
fluid (CSF) management.
Major players operating in the United
States surgical robotics market include Intuitive Surgical Inc., Stryker
Corporation, Medtronic, Smith and Nephew, Inc., TransEnterix Surgical, Inc.,
Verb Surgical Inc., SRI International Inc., Accuray Incorporated, Think
Surgical Inc., Auris Surgical Robotics Inc., Zimmer Biomet Holdings, Inc.,
Corindus Vascular Robotics, Inc., Medrobotics Corporation, OMNI life science,
Inc., Medicaroid, Inc., Johnson & Johnson and Blue Belt Technologies, Inc. The
market players are undergoing mergers & acquisitions and strategic
collaborations as their key growth strategies.
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“The presence of
key market players and active participation of academia is influencing the
growth of United States surgical robotics market. Also, the focus of government
on providing best healthcare facilities and collaborations with corporates are
facilitating huge growth opportunities for this market. Moreover, with
increasing spending on R&D activities, the market is anticipated to grow
significantly in coming years,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“United States Surgical Robotics Market By Component
(Surgical Systems, Accessories, Services), By Surgery Type (Gynecological
Surgery, Urological Surgery, Neurosurgery, Orthopedic Surgery, General Surgery,
Others), By End User (Hospitals, Ambulatory Surgery Centers, Others), By Region,
Forecast & Opportunities, 2025” has evaluated the future growth potential of United States surgical
robotics 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 United States surgical robotics market.
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