Robotic surgery is a modern methodology or approach of surgery that involves the usage of surgical robots, as the name suggests. These forms of surgical robots are used to increase the efficiency level in terms of performance and success rate. The approach is highly advantageous over traditional forms of open surgery. It ensures less pain, a striking level of accuracy and precision, small insertions, and many more advantages.
The global surgical robots market is anticipated to expand at a CAGR of 22.75% during the forecast period of 2017 to 2023 as per the released report by Market Research Future (MRFR),
Factors driving the market demand for surgical robots are increasing inclination towards the use of automation in the healthcare sector and the increasing demand for minimally-invasive forms of surgeries and more advanced form of robotics.
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The global surgical robots market includes a number of prominent players, including
- Google Life Sciences
- Johnson & Johnson
- Intuitive Surgical Inc.
- Hansen Medical
- Stryker Corporation
- Mazor Robotics
- and other
Aside from this, the market is also positively influenced by the prevalence of cancer, various forms of neurological disorders, and other diseases. However, risks associated with these form of surgeries, high cost involved with surgical robots, and a questionable perception towards technology can prove to be a major hindrance to the growth of the market.
In 2019, Johnson & Johnson, a global healthcare giant, revealed its plan of acquiring Auris Health, a surgical robotics company, for a striking $3.4 billion in cash. The global giant looks to further expand its digital surgery business with this move.
The global surgical robots market segmentation is done on the basis of robotic surgery approach, application, and control mechanism.
By robotic surgery approach, the market includes shared control robotic surgical systems, supervisor-controlled robotic surgical system, telesurgery Systems, and robotic radiosurgery systems.
By control mechanism, the market divides into computer control and direct telemanipulator.
By application, the market comprises of gynecologic surgery, cardiac surgery, head and neck surgery, colorectal surgery, general surgery, urologic surgery, and other.
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The global surgical robots market is regionally segmented into Asia Pacific, Europe, America, and the Middle East & Africa regions.
The Americas hold a dominant position in the global market for surgical robots in the healthcare sector. The high percentage of growth in this region can be particularly attributed to various factors, namely strategic collaboration with assurance entities, growing financial capability of hospitals for investing in these advancing systems, general level of awareness concerning computer-assisted surgeries, and growing acceptance among patients for the usage of surgical robots due to enhanced healthcare results or outcomes. The market in the Americas is largely spearheaded by the US, which contributes the maximum share percentage herein. The market in the US region is growing radically due to the surging rate of acceptance for these robots for surgical procedures.
The European region holds the second largest share of the global surgical robots market following the Americas. The market here is expected to grow at a continuous pace in the forthcoming years due to various factors. This includes the booming demand for minimally invasive forms of surgeries or unmanned and miniature robotics usage for surgeries and the imperative need and focus on automation as an important component in the healthcare sector. Additionally, rising incidences of colorectal cancer, gynaecological diseases, and neurological disorders are also projected to majorly boost the adoption and subsequently the market growth of robotic surgical systems across the entire European region.
Meanwhile, the Asia Pacific regions comes-in third in the global Surgical Robots Market standings due to its relatively slow growth rate thus far. The factor majorly influencing its slow growth period thus far is the snail-paced adoption and implementation of surgical robots in the healthcare industry. However, a major shift has been observed and forecasted, wherein the proliferation of the healthcare industry is shifting from regions such as Americas and Europe to Asia Pacific. Major factors influencing such a radical shift is the emergent need for high-quality healthcare facilities, infrastructure, and institutions, a constantly growing population base with added cost advantage, and growing number of private funds and favorable government initiatives run in this region.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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