Computer-assisted surgical systems are utilized for several purposes, such as pre-operative planning, surgical navigation, and surgical procedure assistance. These systems often employ surgical robots that imitate the human arm and perform surgery using a series of small incisions. One of the benefits of utilizing computer-assisted surgical systems is the improvement in access, magnified vision, and stabilized implantation through smart instrumentation aided by infrared camera navigation and software. The demand for computer-assisted surgery is increasing rapidly due to its precision, miniaturization, reduced pain, and shorter healing time compared to traditional surgical procedures. Additionally, technological advancements in surgical robots are contributing to the growth of the computer-assisted surgical systems market. However, the high cost and maintenance of the system and the lack of skilled professionals are potential obstacles to the growth of the computer-assisted surgical systems market.
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Market Driver: Computer Assisted Surgical Systems
Surgical robots are utilized in computer-assisted surgeries to facilitate the procedure through smaller incisions and reduced tissue damage. The precision and accuracy offered by computer-assisted surgeries are key drivers of the growth of the computer-assisted surgical systems market. Additionally, minimally invasive surgeries result in lower healthcare costs. A study conducted by Johns Hopkins showed that American hospitals adopting minimally invasive procedures for appendix, colon, and lung surgeries save between US$ 280 million to US$ 340 million per year in post-surgical complication costs compared to open surgeries. The Health Research Funding report indicates that in 2012, approximately 400,000 robotic surgeries were performed in the U.S., with an estimated 25% annual increase in robotic surgery rates. Consequently, the increasing use of surgical robots is expected to boost the growth of the computer-assisted surgical systems market.
Computer-assisted surgery has become a preferred alternative to traditional surgical methods due to its various benefits and technological advancements. Manufacturers of computer-assisted surgical systems are currently focused on upgrading robotic instruments and their accessories to include features such as high resolution, precision, and flexibility, which is expected to drive growth in the computer-assisted surgical systems market. Moreover, as surgical robotic systems continue to advance, manufacturers are expanding the applications of computer-assisted surgical systems. In 2018, Auris Surgical Robots obtained FDA approval for Monarch, an Auris robotic endoscopy system that can be used for diagnosing and treating lung cancer. Additionally, manufacturers are expanding the market through strategies such as mergers and acquisitions. For instance, in 2016, Zimmer Biomet acquired Medtech SA to enter the surgical robotics market.
The expansion of the computer-assisted surgical systems market is also due to the provision of training and education associated with the use of the system. For example, the FDA, along with professional societies, is promoting training and education programs to improve the outcomes of computer-assisted surgery. However, stringent approval policies by regulatory bodies are expected to impede the growth of the market.
Market Taxonomy for Surgical Computer Assist Devices:
By Product Type
- Surgical Navigation Systems
- Surgical Robots
- Surgical Planners & Stimulators
By Surgery Type
- Gynecology Surgery
- Market Taxonomy for Surgical Computer Assist Devices:
By Product Type
Surgical Navigation Systems
- Urology Surgery
- Cardiovascular Surgery
- Orthopedic Surgery
- Other Surgeries
By End Users
- Ambulatory Surgical Centers
- Emergency Clinics
Market Forecast for Computer-Assisted Surgical Systems
The computer-assisted surgical systems market is segmented by region into North America, Latin America, Europe, the Middle East, and Asia Pacific. North America currently holds the dominant share in the global computer-assisted surgical systems market due to the technological advancements in the region. On the other hand, Asia Pacific is expected to experience faster growth in the computer-assisted surgical systems market over the forecast period, owing to the increasing healthcare facilities and high rate of medical tourism in the region.
Major Companies in the Computer-Assisted Surgical Systems Market
Leading companies in the computer-assisted surgical systems market include Stryker Corporation, Intuitive Surgical, Inc., Mazor Robotics Ltd., Hansen Medical, Inc. (a subsidiary of Auris Surgical Robotics), Accuray Incorporated, Omnicell, Inc., Smith & Nephew, and Zimmer Biomet.
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Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Computer Assisted Surgical Systems Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Computer Assisted Surgical Systems Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
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