Overview

Robotic Surgery Equipment Market Introduction

Robotic Surgery Equipment Market is anticipated value over USD 7 billion by 2027 end registering a CAGR of 8.4% during the forecast period 2020 to 2027.

Complex surgical procedures that require precision and a steady hand are no more a concern as artificial intelligence couple with advanced 3D imaging techniques in the form of robotic surgery equipment. Robot-assisted surgeries require robotic surgery equipment that can range from general surgery equipment to non-invasive radiosurgery tools. The robotic surgery equipment assists the surgeons in critical surgical procedures due to excellent integration with advanced sensors and data hubs that provide secured real-time data about patients’ medical history. General robotic surgery equipment includes stapler/clip appliers, needle drives, monopolar/bipolar instruments that assist in dissection, energy instruments for blood vessel sealing, 3D high definition vision tools and endoscopes that are connected to consoles and software.
A rise in demand for non-invasive surgical procedures, diminutive recovery cycles, reduction in post-surgery scars as compared to conventional open surgeries is some of the causes popularising the robotic surgeries which in turn is responsible for exponential growth in the market. Surgical nanorobots are anticipated to majorly change the competitive landscape for robotic surgery equipment market over upcoming years.
Resistance from surgeons, lack of peer-to-peer clinical guidance from skilled surgeons, strict regulations regarding safety of the medically innovative equipment, concerns around sterilization and cleaning of robotic surgery equipment are few of the robotic surgery equipment market impeders.
Undivided inclination towards advanced medical technologies and investments on robotic applications R&D in the North American region makes it the top market share holder and expected to grow at lucratively exponential CAGR in the near future. The support from government bodies in terms of reimbursement, increasing public investments in advanced medical procedures are facilitating the adoption of robotic surgery in European region which in turn is projected to create market growth opportunities at a steadfast pace. The Asia Pacific, Latin America and the rest of the world are expected to grow at slow speed over the upcoming years.

Robotic Surgery Equipment Market Players: ,
Microbot Medical, Intuitive Surgical, Hansen Medical, Medrobotics, Verb Surgical, TransEnterix International, Inc., Zimmer Biomet, Corindus Vascular Robotics, Stereotaxis, Inc., Smith & Nephew, plc.

Robotic Surgery Equipment Market

Robotic Surgery Equipment Market Segmentation:

By Surgery Type
• Single Site
• Multiple Site

By End-Users
• Hospitals
• Clinics
• Others

By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Rest of the World
Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the global robotic surgery equipment market on the basis of application type, distribution channel, and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies