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According to data published by Intuitive Surgical, the biggest manufacturer of robotic surgical systems claimed that there are 10%, 9%, and 13% upsurge in installed systems in 2015, 2016, and 2017 respectively. Accuracy, adaptability, control, quicker recovery, better handling of complexity as compared to traditional surgery and the most imperative, minimally invasive method are points of interest of automated medical procedure.
Extreme efforts are being taken by different foundations to grow completely robotized automated frameworks for performing surgeries. For instance, in 2017, the Children’s National Health System built a completely automated robot known as STAR (Smart Tissue Autonomous Robot) for performing delicate tissue surgeries with superior precision.
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The growing emphasis on minimally invasive methods as well as increasing focus on workflow automation is projected to offer a considerable environment for the growth of the robotic surgical systems during the forecast period. Moreover, the increasing synergy between human and robots, especially in developed nations, offers huge potential for adoption of surgical robots during the forecast period.
Higher acquisition and maintenance cost is the considerably prominent factor expected to hamper the growth of the global robotic surgical systems market during the forecast period. Moreover, lack of required infrastructure, as well as lack of robotic surgeons in emerging nations, are some of the factors which are restraining the growth of the global robotic surgical systems.
Major companies that are present in global robotic surgical systems market are Intuitive Surgical, Stryker, Auris Health, Inc., avatera medical GmbH, CMR Surgical Ltd., Johnson & Johnson Services, Inc. and Google Inc.’s. joint venture, Verb Surgical Inc., Olympus Corporation, TransEnterix Surgical, Inc. and other players.
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Among the application segments, urology application is projected to hold a considerable share in the global robotic surgical systems market owing to higher utilization of surgical robots for urology procedures.
North America is expected to dominate the global robotic surgical systems market owing to higher adoption rate of surgical robots. Moreover, developed healthcare infrastructure in North America, as well as considerable amount of availability of robotic surgeons and most prominently, patient acceptance for performing robotic surgeries, are likely to offer more number of installations in North America, resulting into the growth of the global robotic surgical systems market. Asia Pacific is expected to register comparatively higher CAGR for the growth of the global robotic surgical systems market due to rapidly growing infrastructure as well as the entry of new market players in the Asia Pacific market.
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