Surgical Robots Market Development Strategy 2017

The report titled “Surgical Robots Market -Forecast to 2023″ is a direct appreciation by Market Research Future of the market potential of the Surgical Robots Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! Global surgical robots market is expected to grow at a CAGR of 22.75 % during forecasted period 2017- 2023.

MarketResearchFuture.com adds “Surgical Robots Market -2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.

Market Scenario of Global Surgical Robots Market:

Pune, India - Jan. 10, 2018 – Market Research Future, announced the release of its latest report on Surgical Robots Market, one of the fastest and most promising market. Surgical robots are here to transform the very face of surgery. Robotic surgery involves use of robot as an intermediate between the surgeon and the patient. It attempts to take advantage of advantages in robotics, optics and other technologies.

Key players of global surgical robots market:

Key players in the market are Intuitive Surgical, Inc., Medtronic, Johnson & Johnson, Google Life Sciences, Stryker Corporation, TransEnterix, Mazor Robotics, Hansen Medical and others.

Market dynamics of Global Surgical Robots Market:

There are many advantages of robotic surgery over traditional open surgery like high accuracy, less pain and trauma, small surgical foot print, faster recovery period, reduced risk of infection and thus reduced stay in the hospital and others. Increasing automation in healthcare sector and increasing demand for the minimally-invasive surgeries coupled with advances in robotics are the critical factors driving growth of this market. Beside this increasing incident of cancer, gynaecological diseases has provided impetus for the growth of the market. Better ergonomic position is another driver as it reducing the physical strain on the physician’s hands. Increasing precision is another advantage of surgical robots with the robotic arm programmed to filter out any tremors in the physician's hands.

The technological drivers include better hand-eye coordination and manoeuvrability due to rapid advances of robotics control systems. Another aspect where technology has improved is non-invasive imaging such as cardiac PET scan, cardiac CT scan and cardiac MRI. The miniaturization of the invasive surgical cameras coupled with the robots themselves is also an important market driver for surgical robots. Another aspect where surgical robots have gained an upper edge is real time imaging using Positron emission tomography (PET), computed tomography (CT) and magnetic resonance imaging (MRI) etc. These allow the surgeon to operate with the surgical robot with a direct image of the condition.

On the other hand, the market is constrained by high installation and maintenance cost of surgical robots, risks associated with the use of robotic surgeries and attitude toward technology among others. Cost is the largest restraints of robotic surgery, which may increase by USD 1500 to USD 3000 as compared to traditional surgery. For example, for a robotic laparoscopic surgery, cost of a single robot may be about $2 million with disposable attachments may cost anywhere from $3,000 to $6,000 more than traditional laparoscopic surgery.

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Segments of Global Surgical Robots Market:

Global surgical robots market is segmented on the basis of control mechanism into direct telemanipulator and computer control. On the basis of robotic surgery approach they are supervisor-controlled robotic surgical system, shared control robotic surgical systems, telesurgery systems, robotic radiosurgery systems and on the basis of application they are segmented into general surgery, cardiac surgery, gynecologic surgery, colorectal surgery, urologic surgery, head and neck surgery and other

Regional analysis of Global Surgical Robots Market:

On regional basis, America has the largest market for surgical robots. The U.S. is in a better position as the technological uptake is faster in the U.S. as compared to other regions which cannot be said of other regions of the world. U.S. also has a high expenditure on healthcare and also higher per capita income. Availability of finance, well developed healthcare sector with continuous increasing prevalence of number of diseases are the major driving factor for U.S. surgical robots market. In 2016, North America surgical robots market was valued at USD 1,655.8 million. A careful analysis of the trends of surgical robots reveal a very assuring picture. For instance, with the help of Da Vinci system surgical robots, a total of 563,000 procedures are performed in U.S. in 2016, of which 44% was in gynaecology, 33% was in general surgery, and 19% was in urology. The procedure performed outside U.S. accounts for 190,000.

Europe has second leading market which is followed by Asia Pacific region. Germany is expected to lead the medical robotic market due to its large medical device industry. The Asia pacific market particularly China and India is expected to drive the future growth. However Japan leads the Asia Pacific market due to high per capita income and developed infrastructure. Middle East is another market to target due to its high wealth and growing healthcare expenditure. The development of large hospitals such as King Fahd hospital in Riyadh is a stimulus to the market. The African market is however expected to generate low growth due to poor socio-economic conditions.

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Posted by Vivian Dsena on Wednesday January 17 2018, 3:00 PM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0