Surgical Robots Market – Insights
Surgical robots are devices controlled by surgeons on computer console. These robots are laced with a camera arm and mechanical arms with surgical instruments to capture high definition and magnified 3-D view of the surgical site. Surgical robots can be used to perform surgical procedures that are complex in a flexible, precise, and controlled manner. Such procedures can otherwise be difficult or impossible to perform using conventional methods. Surgical robots are widely used in minimally invasive surgery procedures that are performed through tiny or small incisions. Such advantages of surgical robots are expected to boost growth of the market.
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However, issues such as high risk of infection, bleeding, and cardiopulmonary risks of anesthesia that are also evident in robotic-assisted surgery are expected to hinder growth of the market. Moreover, robotic surgery can lead to fatal outcomes due to human errors in operating the technology and risks of mechanical failure.
The global surgical robots market is estimated to be valued at US$ 3,380.3 million in 2017 and is expected to witness a robust CAGR of 13.4% over the forecast period (2017–2025).
Surgical Robots Market – Drivers
Increasing development in surgical products and procedures has led to high adoption of minimally invasive surgeries. Moreover, use of robotics during minimally invasive surgeries has further benefited medical outcome. Surgical robots can be used to make smaller incisions that reduces blood loss and aids in faster recovery of patients. Moreover, use of surgical robots can increase the accuracy and precision in surgical procedures. Surgical robots can easily reach under soft tissues to operate on organs that otherwise require an open surgery. Such factors are expected to boost growth of the surgical robots market.
Furthermore, increasing number of surgical procedures is expected to contribute to growth of the surgical robots market. For instance, according to National Centre for Biotechnology Information, 2015, around 175,000 umbilical hernia repairs are performed annually in the U.S. Moreover, the share of umbilical and paraumbilical hernia repairs among all repairs for abdominal wall hernias increased from 5% to 14% in the U.K. over the last 25 years.
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Key players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, MEDTECH, a company based in France, received a Food and Drug Administration clearance in 2016, to introduce its ROSA Spine system for performing minimally invasive procedures on the spine.
Surgical Robots Market – Regional Analysis
On the basis of region, the global surgical robots market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The market in North America accounts for the largest share in the global surgical robots market, followed by Europe, owing to high presence of market players in the U.S. For instance, Intuitive Surgical is a U.S.-based company that manufactures da Vinci surgical system and is one of the leading surgical robots manufacturers.
Increasing technological development in surgical robotic systems has facilitated reduced cost of medical care and eliminated human error. This has also helped to mitigate operating time, streamline operating theatres, and preserve staff for other critical procedures. Surgical robots use joysticks, which resemble hand movements of surgeons, to increase flexibility during procedures. Key players in the market are focused on upgrading their robotic instruments and accessories. These upgrades include high computing power and increased level of precision, flexibility, and agility.
Major players operating in the global surgical robots market include Medrobotics Corporation, Intuitive Surgical, Think Surgical, TranEnterix, Stryker Corporation, Smith & Nephew, and Zimmer Biomet.
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