Global Surgical Robots Market ? Industry Trends And Forecast Period 2017- 2025

Posted by Pareesh on February 21st, 2018

The Global Surgical Robots Market Advancements in technology and increasing number of surgical applications along with growing inclination towards minimally invasive surgeries is expected to further boost the surgical robots market growth. Major manufacturers are focused on collaborations and mergers and acquisitions in surgical robots market and are actively investing in the research and development of robotic systems. For instance, collaboration of Johnson & Johnson and Google, to form Verb Surgical, Inc. in 2015.

Furthermore, Cambridge Medical Robotics (CMR) — a U.K.-based manufacturer — is researching on more versatile, affordable next generation surgical robots, for improving minimally invasive surgeries. CMR’s first robot has five self-contained robotic arms attached to a slim and modular system. Each arm has an intelligence and sensing systems to function as per surgeons commands and the arms are customizable.

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Increasing demand for minimally invasive surgeries for application in orthopedics, neurosurgery, gynecology, urology, and cardiovascular is a major factor for growth of the market. Advancement in technologies and techniques for treatment of patients through minimal invasive methods is another factor favoring growth of the surgical robots market. Surgical robots aid in reducing pain due to small incision made over the traditional cuts and also reduces the hospital stays.

Different type of surgery carried out by the surgical robots also favors the growth of market. As gynecology, urology, cardiovascular surgery, Neurosurgery and orthopedic surgery demands the surgical robots for precise surgery. Furthermore FDA approval for various surgical robots also supports the growth of surgical robots market. For instance, in 2016, Hansen Medical received FDA clearance for the Magellan Robotic Catheter eKit for cardiovascular surgery.

Key takeaways of the market:

The global surgical robots market is expected to exhibit a CAGR of 13.4% over the forecast period (2017–2025), with increasing adoption of surgical robots for minimally invasive surgeries. For instance, in 2016, approximately 753,000 surgical procedures were performed with the da Vinci Surgical System, an increase of approximately 15% compared with approximately 652,000 procedures performed in 2015

Among surgery type segment, gynecology surgery segment is expected to exhibit a significant CAGR of 28.8%. This is owing to new product launches for application in gynecological surgeries. For instance, in October 2017, the FDA approved TransEnterix’s Senhance robotic system. Moreover, established da Vinci robotic system has also contributed to growth of the gynecology surgery segment.

Some major players operating in the global surgical robots market includes Intutitive Surgical, Think Surgical, TransEnterix, Zimmer Biomet, Stryker Corporation, Smith & Nephew, and Medrobotics Corporation.

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Pareesh

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Pareesh
Joined: May 31st, 2017
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