Market Overview –
There was a CAGR of 16.84 percent between 2021 and 2030 for the global surgical robots market, which was $5.16 billion in 2021. With a market value of approximately USD 3.27 billion, North America currently holds the largest share of the global market.
Minimally invasive surgery makes use of surgical robots, which can manipulate surgical instruments more precisely than humans can in a small operating room. In the last few years, the global surgical robots market has seen a tremendous increase in growth. The growing ability of hospitals to invest in surgical robots is primarily driving the market’s growth. Minimally invasive surgeries are made possible by surgical robots. As a result, patients experience a quicker and easier recovery than they would with more traditional methods.
The global surgical robots market’s growth is being fuel by a variety of factors. Increase demand for minimally invasive procedures, as well as increase funding for research into the development of cutting-edge medical devices, are all expects to help fuel growth in this industry over the forecast period. Another important factor that is likely to boost the market’s growth in the coming years is the growing use of advanced medical technologies around the world. In spite of this, factors such as the high cost of surgical robots and the risks associate with robotic-assists surgeries are expects to impede market growth for surgical robots.
COVID-19 Impact –
The global impact of the COVID-19 pandemic on people and the economy has been devastating. The spread of the disease has place a heavy burden on the nation’s healthcare systems. Health care institutions and providers have been instructs to stop performing elective surgical procedures and medical examinations during this time to reduce the risk of transmission and save healthcare resources for COVID-19 patients. Temporary restrictions on elective surgeries have been put in place around the world as a result of the pandemic, which has had an adverse effect on the global economy.
Market Dynamics –
Many advantages, such as smaller incisions, less pain, less scarring, quicker recovery, increase safety, and significant financial savings, are driving up demand for minimally invasive (MI) surgical procedures. A study found that patients who underwent minimally invasive spine surgery recoveree in six weeks on average, as oppose to the 12 weeks it takes for patients who underwent traditional open spine surgery. Additionally, robotic minimally invasive surgery ensures repeatability, accuracy, efficiency, and control, all of which help drive the surgical robots market.
As a result of the high success rate of robotic-assists surgery, surgical robots have seen an increase in use. The publishes data on various robot-assists surgeries, according to NCBI, show excellent outcomes and success rates ranging from (94 to 100) percent. Because of the high rate of success, surgical robots are now being use by more people, which is propelling the growth of the industry.
There were no life-threatening complications from the use of robots in surgery. Only 2% of patients who underwent robotic-assists surgery in 2021 experience life-threatening complications. The reduce risk of life-threatening complications from surgical robots led to an increase in the overall market share of surgical robots.
Market Scope and Market Size –
On the basis of product type, brand, and use case, the surgical robots market is segments. In order to identify industries with modest growth, you can use this data to identify weak growth segments within those industries and provide users with a useful market overview and market insights that they can use to make strategic decisions about the identification of core market applications..
The surgical robots market is divide into four categories base on the type of product they are use to perform: robotic systems, instruments, accessories, and services.
Aside from the Da Vinci Surgical System, the surgical robot market is divide into several other subsectors base on the brands they represent.
On the basis of use, the surgical robots market can be divide into general surgery, urological, gynaecological and gastrointestinal surgery as well as radiotherapy and radical prostatectomy.
Recent Developments –
Accuray, Globus Medical, Hansen Medical, Mazor Robotics, Omni, Stryker, Think Surgical, Intuitive Surgical Inc., Johnson & Johnson Services Inc., Medtronic Plc, Smith & Nephew Plc, Stryker Corp., and Zimmer Biomet Holdings Inc. are some of the major players in the surgical robot market.
Medtronic acquire Mazor Robotics in December 2019 to enter the market.
‘Hugo RAS’, a new robot-assists surgery platform developed by Medtronic Plc., was announce in September 2019. Robotic arm carts (also known as end effectors) are part of the Hugo system.
Dr. Doctors Medical Center in Los Angeles, California, will begin using a surgical robot to carry out coronary artery bypass surgery in June 2019.
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Competitive Landscape –
Information provide by a competitor on the competitive landscape for surgical robots. Information on company overview, financials (revenue and profit), investment in R&D, new product initiatives and global presence are among the topics covers in this section. Also include are product launch, product width and breadth and application dominance. The above data points are only relevant to the surgical robots market focus of the companies listen.
Key Players –
By Type –
Instrument & Accessories
By Applications –
Head and Neck Surgery
By Regions –
Middle East & Africa