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Micro-Surgical Robot Market Key Manufacturers Development Trends and Competitive Analysis 2028

06-05-2023 09:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Premium Market Insights

Micro-Surgical Robot Market

Micro-Surgical Robot Market

The global "Micro-Surgical Robot Market" is expected to grow from US$ 1,280.81 million in 2022 to US$ 2,817.57 million by 2028; it is expected to grow with a CAGR of 11.9% from 2022 to 2028.

The increasing popularity of minimally invasive surgical procedures, and the advantages of robotic surgeries in terms of accuracy, repeatability, control, and efficiency boost the global micro-surgical robot market growth. The introduction of robotic surgery is the most recent advancement in liposuction. A surgeon controls the treatments from a master console, while the robotic patient cart performs the procedures more easily and precisely than laparoscopic systems.

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Companies Profiled in this report includes:

• MMI S.p.A.
• Microsure B.V.
• Stryker Corporation
• Intuitive Surgical, Inc.
• Medtronic
• Galen Robotics, Inc.
• Ethicon (Johnson & Johnson Services, Inc.)
• Asensus Surgical, Inc.
• Zimmer Biomet
• Titan Medical Inc.
• ForSight Robotics LTD

Owing to its 3D vision and accuracy, and intuitive multi-range instruments, robotic surgery has distinct advantages in liposuction procedures over traditional laparoscopic surgeries, ensuring greater patient safety. Robotic surgeries also aid in the improvement of suturing abilities, and reduction in post-operative pain and recovery time. Robotically aided liposuction is also recommended for obese individuals weighing more than 250 kg, as laparoscopic liposuction is more demanding and difficult.

Micro-surgical robots play a vital role amid the efforts to curb the spread of COVID-19 by providing a shielding effect to healthcare staff. Leading Indian institutions-including Tata Memorial, Apollo Hospitals, Rajiv Gandhi Cancer Institute, and Manipal Hospitals-are turning to micro-surgical robots to clear the backlog of elective surgeries put on hold during the initial phases of the COVID-19 pandemic to decrease the risk of infection to patients and physicians. SAGE and the Associations of Robotic Consortium considered innovative surgical approaches during the phase of recovery from the pandemic. They compared traditional surgical approaches to robotic-assisted surgeries. In the operating room, robotic-assisted surgery (RAS) uses only four devices and a small team of medical personnel. Because the wound is only a few millimeters deep in the subcuticular area, the surgery is less painful and results in less blood loss. Patients heal faster from surgery, allowing them to be discharged sooner. Robotic operations are also more convenient for surgeons as they can execute multiple procedures daily without exhaustion. The surgeries are carried out by robotic arms controlled by a doctor sitting at a remote console with access to a 12-times magnified 3D view of the surgery.

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Micro-Surgical Robot Market Segmentation:

By Component:
• Instruments
• Accessories

By Application:
• Urology Surgery
• Plastic Reconstructive Surgery
• Ophthalmic Surgery
• Neurosurgery
• Lymphatic Surgery
• ENT Surgery

End User:
• Hospitals and Clinics
• Ambulatory Surgical Centers
• Research Institutes

Government initiatives and investments in medical robotics have also been rising in response to the limitations introduced during the COVID-19 pandemic. In August 2020, Medicaroid became the first Japanese business to gain approval from the health ministry to produce and market a robotic-assisted surgery system. The number of da Vinci systems equipped in Chinese hospitals increased from 8 in 2018 to 59 in 2019, demonstrating the success of Intuitive Surgical's joint venture. China's central government purchased more than 150 surgical robotic systems by the end of 2020. The Thailand Board of Investment also established a committee in early 2021 to promote medical robotics technology innovation.

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