Surgical Robots Market Poised to Garner Maximum Revenues With Major Key Players Intuitive Surgical, Think Surgical, TranEnterix, Zimmer Biomet, Stryker Corporation, Smith & Nephew

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).

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. 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.

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Increasing demand for minimally invasive surgeries is expected to fuel growth of the surgical robots market in the near future.

Advancements in surgical products and technologies has led to shift from conventional surgeries to minimally invasive surgeries. The usage of robotic technology conducting minimally invasive surgeries has brought significant changes in surgical procedures. Surgical robots aid in making smaller incisions, leading to low blood, and quick recovery of patients with shorter hospital stays. In addition to this, surgical robots enhance the accuracy and precision in surgical procedures and are able to easily reach under soft tissues to operate on organs that otherwise require an open surgery. Therefore, these are ideal in minimally invasive surgeries, which is expected to be a factor driving growth of the surgical robotics market.

Increase in the surgical procedures are expected to support the growth of the surgical robots market. In 2015, according to National Centre for Biotechnology Information, in the U.S., around 175,000 umbilical hernia repairs are performed each year. The share of umbilical and paraumbilical hernia repairs among all repairs for abdominal wall hernias increased from 5% to 14% in the U.K. over the last 25 years. Furthermore, increasing regulatory approvals supports the growth of surgical robots market. For instance, MEDTECH, a company based in France received a Food and Drug Administration clearance in 2016, to introduce its ROSA Spine system for performing minimally invasive procedures on the spine, which supports the growth of surgical robots market in near future.

North America accounts for the largest share in the global surgical robots market, followed by Europe. This is mainly attributed to high presence of robotic surgical system manufacturers in the U.S. For instance, Intuitive Surgical — a U.S.-based company — that manufactures da Vinci surgical system and is one of the leading surgical robots manufacturer.

Advancements in technology in surgical robotic systems have efficiently brought down costs of medical care by eliminating human error, reducing operating time, streamlining operating theatres, and preserving staff for other critical procedures. Surgical robots enable in better flexibility than human hands by using a joystick, which mimics surgeons hand movements with the robotic instruments. Manufacturers are focusing on upgrading their robotic instruments and accessories with features such as ability of high power computing and minute level precision with introduction of flexible and agile robots to perform minimally invasive surgery. This is expected to aid them in gaining a competitive edge in the market.

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This release was published on openPR.