Abdominal Surgical Robots Market Size, Share, Demand, Future Growth, Challenges and Competitive Outlook Report | Auris Health, Inc., Virtual Incision Corporation, Restoration Robotics, Inc.

The Abdominal Surgical Robots Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Abdominal surgical robots are computer-controlled robotic systems used to assist surgeons in performing minimally invasive general abdominal surgeries such as bariatric, colorectal, gynecological, and urological procedures with greater accuracy, flexibility and control than conventional laparoscopy. They provide surgeons with a high-definition 3D view of the surgical area and enable performance of complex surgical tasks.

Market Dynamics:

The growth of the abdominal surgical robots market is driven by increased utilization in general surgeries and lower post-operative complications associated with robotic surgery. General surgeries typically account for a major share of all surgical procedures performed worldwide annually. Robotic systems aid surgeons in performing general abdominal surgeries with improved precision, flexibility and control over instruments, magnified 3D high-definition view, smaller incisions and precise micro-movements. This results in shorter hospital stays, decreased post-operative complications and pain for patients as compared to traditional open and laparoscopic surgeries. Furthermore, technical advancements with introduction of more anatomically designed robotic arms and multi-quadrant surgical abilities are also supporting increased adoption of robotic surgery in general abdominal procedures.

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Abdominal Surgical Robots Market Trends: Increasing Application of Robotic Platforms in Emerging Procedures

While robotic surgery is most prevalently used for gynecological and urological procedures currently, abdominal surgical robots are also gaining popularity for other complex surgeries. There is active ongoing research evaluating the potential of robotics in new clinical areas. For example, studies show robotic assistance can help improve outcomes of bariatric surgeries by facilitating greater precision and control. Robotics is also showing promise for pediatric urological, colorectal and thoracic procedures. With encouraging clinical data, the number of robotic abdominal surgeries for conditions like Heller's myotomy, Nissen fundoplication and transoral surgery is likely to rise in the foreseeable future. This will translate into increased commercial utilization of robotic platforms, defining future growth trends in the market.

Some of the Top Players in Abdominal Surgical Robots Market: 

Auris Health, Inc., Virtual Incision Corporation, Restoration Robotics, Inc. Medtronic plc, Smith & Nephew, THINK Surgical, Inc., TransEnterix Surgical, Inc., Intuitive Surgical, Accuray Incorporated, and Stryker Corporation.

Market Taxonomy:

On the basis of product type, the global abdominal surgical robots market is segmented into:
Remote Control
Voice Control

On the basis of application, the global abdominal surgical robots market is segmented into:
General surgery
Urologic surgery
Gynecological surgery
Other

On the basis of end user, the global abdominal surgical robot market is segmented into:
Hospital
Clinics
Ambulatory Surgical Centers
Others

Regional Analysis -

‣ North America (USA and Canada)
‣ Europe (UK, Germany, France and the rest of Europe)
‣ Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
‣ Latin America (Brazil, Mexico, and the rest of Latin America)
‣ Middle East and Africa (GCC and rest of the Middle East and Africa)

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Abdominal Surgical Robots Market Opportunity:  Growing Medical Tourism in Emerging Nations Presents Lucrative Growth Prospects

Medical tourism has been witnessing a strong surge across various emerging economies in regions like Asia Pacific, Latin America, Eastern Europe and the Middle East over the past decade. This growing trend can present significant opportunities for players in the abdominal surgical robots market. Many countries are actively promoting themselves as medical tourism hubs by establishing new super specialty hospitals with state-of-the-art infrastructure and recruiting international surgeons. This allows more patients globally to access advanced surgical robotics care that may not be available or affordable in their home countries. At the same time, robotic system vendors also get an opportunity to tap new customer base in these nations. If leveraged properly, the rising medical tourism phenomenon can accelerate adoption of abdominal surgical robots in the coming years.

Abdominal Surgical Robots Market Drivers: Growing Number of Laparoscopic Surgeries is Driving the Demand for Advanced Surgical Robots

The number of complex laparoscopic surgery procedures such as bariatric, colorectal, gynecological and urological surgeries being performed across hospitals is increasing significantly. This is attributed to various advantages offered by minimally invasive techniques such as smaller incisions, less pain, faster recovery times and better cosmetic outcomes. Advanced surgical robots aid surgeons in performing these complex procedures with increased accuracy, flexibility and control over open surgeries or traditional laparoscopy. With growing popularity of laparoscopic surgeries, demand for abdominal surgical robots from hospitals is expected to rise over the coming years.

Abdominal Surgical Robots Market Restrain:  High Cost of Robotic Systems Pose Significant Barrier to Adoption

The high purchase and maintenance costs associated with abdominal surgical robots are a major restrain limiting their widespread adoption. A single robotic surgical system typically costs between $1.5 million to $2.5 million initially. Additional annual maintenance contract ranging from $100,000 to $200,000 further burdens the overall cost of ownership. This substantial expense, coupled with high cost per procedure, makes robotic surgery unfeasible for many hospitals, especially those located in price-sensitive developing regions. Additionally, given their high cost and limited clinical benefits over laparoscopy for certain procedures, payers are often reluctant to reimburse the full costs. This cost deterrent threatens to stunt the growth of the abdominal surgical robots market to some extent.

Questions Answered by the Report:

(1) Which are the dominant players of the Abdominal Surgical Robots Market?
(2) What will be the size of the Abdominal Surgical Robots Market in the coming years?
(3) Which segment will lead the Abdominal Surgical Robots Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Abdominal Surgical Robots Market?
(6) What are the go-to strategies adopted in the Abdominal Surgical Robots Market?

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Table of Contents

Chapter 1 Market Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2023 to 2030

Chapter 2 Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Worldwide Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Abdominal Surgical Robots Sales, Consumption, Export, Import by Regions (2023-2023)
Chapter 5 North America Market Analysis
Chapter 6 Europe Market Analysis
Chapter 7 Middle East and Africa Market Analysis
Chapter 8 Asia Pacific Market Analysis
Chapter 9 Latin America Market Analysis
Chapter 10 Company Profiles and Key Figures in Abdominal Surgical Robots Business
Chapter 11 Market Forecast (2023-2030)
Chapter 12 Conclusions

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