Surgeon Convenience and High Surgical Precision to Drive Surgical Robots Market Growth
The proliferation of robot-assisted surgery has significantly transformed the surgical domain space with adoption of surgical robots witnessing an upswell since the recent past. Use of surgical robots has been rampant since past few years. For instance, Intuitive Surgical’s da Vinci surgical robots have carried out 1 million surgeries on the global front as compared to their initial statistic of 136,000 reflected back in 2008. Growth in technology and its implementation in the healthcare space has enabled surgeons use robotic arms that are incorporated with miniature cameras, forceps and suturing equipment. Adoption of surgical robots in various types of surgeries has facilitated efficient procedure completion. Moreover, with surgical robots, a higher convenience quotient is instilled as the surgeon can direct the surgical procedure using computer consoles. The surgeon can perform fiddly surgeries and procedures with high accuracy using cameras and other tools linked with surgical robots. This aspect continues to influence the adoption of surgical robots across hospitals and surgical centres, consequently driving growth of the global surgical robots market. Additionally, with mechanization and miniaturization, significant amount of data circling every crucial aspect of the surgery can be made available which later can be used for assessment. This has further elevated the demand of surgical robots.
Advancing Technology Taking Surgical Robots One Step Further to Perform Complex Surgical Feats
Disruptive innovations in medical devices domain have potentially influenced development of surgical robots. A faceless robotic cylinder that is attached to one end of catheter is one of the few new that has influenced the market’s growth. According to the researchers at the Boston Children’s Hospital, this technology can be used to navigate through leaking heart valve of the patient in an efficient manner than human hands, in turn supporting the surgeon to conclude the procedure. In this background, surgical robots such as Senhance and da Vinci and others are used by surgeons to achieve high dexterity with vision, particularly when the surgery is performed in difficult-to-reach parts. Nonetheless, with advancing technology, Boston Children’s Hospital’s capsule robot has taken a step further. It can operate independently apart from its other perceived advantages. Such advances in surgical robots are making it possible to achieve higher feats in complex surgeries, in turn contributing to the growth of the global surgical robots market.
Use of Surgical Robots in Neurosurgery to Witness Significant Momentum
Use of surgical robots in neurosurgery is projected to expand at a momentous pace in the coming years. Increasing adoption of surgical robots in neurosurgery enables effective minimally invasive procedure, as compared to traditional surgery techniques, in turn increasing the success probability of the procedure. Surgical robots support neurosurgeons treat minors and children that have developed epilepsy and other critical brain problems in a much better, safe and effective manner. Perceived benefits of surgical robots such as carrying out precise procedures, reduction in pain, reduction in infection and reduction in procedure time have influenced their use in the neurosurgery space, consequently fuelling the surgical robots market growth.
North America Likely to Account for a Major Share in the Surgical Robots Market
Sales of surgical robots across developed regions in North America are likely to witness an upswing in the coming years. Use of surgical robots in hospitals and ambulatory surgical centres in United States are poised to increase, given the increasing spending on healthcare by the US government coupled with higher investments in robotics in the country. As per Robotic Industries Association, use of robots in surgeries, military and automotive fields is increasing at an alarming rate, which is expected to favour the growth of the surgical robots market in the region. For instance, according to FDA, use of robots grew by 425,000 units per year through 2005-2012 timeline and is expected to further increase in the coming years. That said, the North America region is expected to hold a significant share in the surgical robots market, largely influenced by availability of funding for R&D in the surgical robots space coupled with higher inclination towards robot-assisted surgery, especially post COVID 19.
Surgical Robots Market: Competitive Landscape
The surgical robots market is dominated by several key players that are focused on adopting crucial growth strategies such as mergers and acquisitions, collaborations and new product launches. For instance, in 2021, Corin Group introduced OMNIBotics 2.7, an effort to upgrade the robot-assisted platform in knee arthroplasty, and in turn expand its product portfolio. Same year, in January, OrthoSensor was acquired by Stryker to enhance its Mako robots product line. Same year, TransEnterix’s Intelligent Surgical Unit received a CE Mark approval. This unit integrates AI capabilities and facilitates machine vision abilities on the company’s Senhance surgical robotic system. In November 2020, Globus Medical carried out surgeries with ExcelsiusGPS Interbody Solutions. This further enhanced and expanded its brand name and use in spinal robotics.
Few of the key players in the surgical robots market include Stryker Corporation, TransEnterix Surgical, Medtronic, Microsure, Zimmer Biomet and Intuitive Surgical.
The Global Surgical Robots Market Is Segmented As Below:
By Product and Service
By End User
Key Elements Included In The Study: Global Surgical Robots Market
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