Surgical Robots Market to Surpass Beyond US$ 9.2 Billion by 2025 with CAGR of 13
Posted by Pareesh on March 1st, 2018
Surgical robots consists of a camera arm and mechanical arms with surgical instruments, which are controlled by surgeons on computer console that offers high definition and magnified 3-D view of the surgical site. Surgical robots aids in performing various complex surgical procedures with more flexibility, precision, and control than conventional surgical procedures.
Surgical robots are primarily preferred in minimally invasive surgery procedures, which are performed through tiny or small incisions. Moreover, the use of surgical robots enables surgeons to perform delicate and complex procedures, which could be difficult or impossible through other methods.
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Problems associated with robotic-assisted surgery are similar to that of open surgery, which includes high risk of infection, bleeding, and cardiopulmonary risks of anesthesia. Furthermore, robotic surgery could led to death of the patient, owing to human errors in operating the technology and risks of mechanical failure. This could hamper growth of the surgical robots market.
The global surgical robots market is estimated to be valued at US$ 3,380.3 million in 2017 and is expected to witness a robust CAGR of 13.4% over the forecast period (2017–2025).
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.
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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About the AuthorPareesh
Joined: May 31st, 2017
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