Robotic Surgery Equipment Market Futuristically Empowering the Clinical Skills

  • 30 Apr 2019

The global robotic surgery equipment market is anticipated value over USD 7 billion by 2026 end registering a CAGR of 8.4% during the forecast period 2019 to 2026. 

Minimal invasive robotic surgery for kidney removal, cardiac valves repair, gynaecological procedures, knee replacements and intricate spine operations is being well received by surgeons and healthcare consumers. The Food and Drug Administration (FDA) recently approved ultrasonic devices that minimize thermal damage of tissues and enhances robot-assisted surgical platforms. Thus robotic surgeries have become a preferred option revolutionizing the complete treatment. 

The success of robotic surgeries largely depends on the robotic surgery equipment employed along with the clinical skills of the surgeon. The technological advancements like the use of artificial intelligence, blockchain, 3D printing etc. continue to disrupt the medical arena. Hence the need for robotic surgery equipment is expected to surge in upcoming years. The use of nanotechnology is anticipated to find huge application in complex surgical processes and hence market players able to cater to Nanorobotic surgery equipment demand are to make an unwavering mark.

The intensifying burden of chronic ailments and the need to extend surgeon capabilities, eliminating human errors during complex surgeries of vital organs are anticipated to foster exponential growth in the global robotic surgery equipment market during the forecast period of 2019-2026.

Global Robotic Surgery Equipment Market Challenges:
•    Residual contamination of robotic surgery equipment due to lack of cleaning techniques
•    Lack of skilled healthcare professional with technical know-how
•    Resistance from surgeons to use robotic surgeries
•    High Cost 
•    Highly regulated and competitive market
•    Health reforms and an increase in private health insurances

Global Robotic Surgery Equipment Market, by Surgery Type:
•    Single Site
•    Multiple Site

Positioning and manipulation of robotic surgery equipment are complex and the surgeons might get overwhelmed with high-tech moving parts. Therefore, at present single site surgery type segment is growing at favourable pace and expected to advance at lucrative CAGR during the forecast period. Multiple site segmentation is anticipated to grow at a slow pace as robotic surgeries need more sophisticated algorithms and software while robotic surgery is still evolving.

Global Robotic Surgery Equipment Market, by End-Users:
•    Hospitals
•    Clinics
•    Others
A major shareholder in terms of global robotic surgery equipment market are the key hospitals as they already have surgical robots and infrastructure. This is followed by the clinics' segment and others like the surgical training teams and researchers.

Global Robotic Surgery Equipment Market, 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  

 

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