The Global Robotic Surgery Market is forecast to reach USD 17.80 billion by 2027. The Global Robotic Surgery market is being driven at a monumental rate as the hospitals and ambulatory surgical centers around the world are rapidly adopting the robotic surgical systems for its ability to operate in complex procedures with minute precision, control and flexibility compared to any other conventional manual procedures. Robotic Surgery were initially employed in the minimally invasive surgery techniques, but its splendid accuracy has brought in the applicability of the robotic assistance in certain open surgical procedures also.
Robotic surgical techniques include less invasions, smaller or less noticeable scars, fewer complications such as surgical site infection, and also help in quicker recovery. The impressive success rate of the robot assisted surgeries have created a massive concussion in the medical surgery. More and more surgeons and hospitals are being inclined to incorporate robot assisted surgical techniques for attaining super precision in the surgery. Adoption of advanced technological systems and high interest in capturing untapped economies are expected to play vital role in impelling the market growth. For instance, Monogram Orthopaedics a U.S. based company has developed a robotic system Monogram- it custom prints a hip or knee and uses a surgical robotics system for the implants.
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Further key findings from the report suggest
- The core advantages that can be ascertained by applying the Robotic Surgery in medical procedures are greater visualization ability, enhanced dexterity and precision in invasion.
- Apart from the complete robotic procedures, the robotic assistance is widely employed in the traditional procedures for its advanced visibility that allows the surgeons to observe the site better and hi-tech robotic assistance mechanisms accessories heightens the accuracy of the invasions.
- The surgical robots sub-segment held the highest market share in 2019 as this require an extensive investment to design and develop and also widely used in the full-fledged robotic surgeries. Surgical robotics type incorporates flexible robotics, data science, surgical intelligence, micro-instrumentation, and other technologies for surgical, diagnostic and therapeutic procedures.
- In 2019, CMR Surgical a UK based company raised a USD 240 million Series C round for its Versius surgical robot launch in emerging economies in Asia and in developed nations in Europe. However, many surgeons are unfamiliar about the use of robotics in healthcare, and also due to mechanical failures associated with surgeries are the factors restraining the market.
- Medrobotics Corp, in 2017 had announced that it had received FDA regulatory clearance for its Flex Robotic Systemin for performing colorectal surgeries in the United States. Medrobotics was the first company to offer minimally invasive, steerable, and shapeable robotic products for colorectal operations in the U.S.
Competitive Outlook of the Global Robotic Surgery Market
The globla Robotic Surgery market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Robotic Surgery market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
Intuitive Surgical, Stryker Corporation, Medrobotics Corporation, Medtronic, Transenterix, Inc., Auris Health, Inc., Omnilife Science, Inc., CMR Surgical, Transenterix, Inc., and Smith Nephew, among others.
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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
Robotic Surgery Market Segmentation:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Surgical Robots
- Rehabilitation Robots
- Emergency Response Utility Robots
- Others
Component Outlook (Revenue, USD Billion; 2017-2027)
- Hardware
- Software
Application Outlook (Revenue, USD Billion; 2017-2027)
- General Surgery
- Gynecological Surgery
- Urological Surgery
- Neurosurgery
- Orthopedic Surgery
- Non-Invasive Radiosurgery
- Emergency Response Robotic System
- Utility Robotic System
- Others
Geographic Segment Covered in the Report:
The Robotic Surgery report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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