Surgical Robots Market to Surpass US $ 16,875.6 Million by End of 2028, According to Coherent Market Insights

SEATTLE, October 21, 2021 / PRNewswire / – Surgical robots are types of surgical practices that are performed using specialized robotic surgical systems. Robotic surgery was first developed in order to overcome the shortcomings of assisted manual surgery and to improve the capabilities of surgeons performing open surgery without any assistance. It is used to perform the more difficult cases such as those involving spinal cord injury, brain surgeries, etc. One type of this surgical robot is a vascular robot. These are vascular robots that allow the surgeon to create artificial arteries using a robotic arm. In addition, it also allows the surgeon to seal the artificial artery using another robotic arm. These instruments have a very high success rate in eliminating various types of tissue disorders and more particularly nervous disorders. For this reason, more and more hospitals are now using these robots to perform different types of surgeries. Another type of surgical robot in use today is one that builds the incision while a surgeon holds the actual tools. This type of robot can be programmed to make specific types of incisions and also to limit bleeding during surgery.

The Global surgical robots market is estimated to represent 16,875.6 Mn in value by the end of 2028.

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Market factors:

The growing demand for minimally invasive surgical procedures is one of the major growth drivers of the surgical robot market. They are highly preferred in minimally invasive surgeries. According to the American Society of Plastic Surgeons (ASPS), 13.3 million minimally invasive cosmetic procedures were performed in 2020: the first 5 were: botulinum toxin type A (4.4 million procedures), laser skin resurfacing (997,245 procedures), chemical peels (931,473 procedures). ), soft tissue fillers (3.4 million procedures) and intense pulsed light (IPL) treatment (827,409 procedures)

Advances in surgical products and technologies are expected to drive the demand for surgical robots. This in turn promotes market growth. In addition, the increase in regulatory clearances for the introduction of surgical robots is expected to accelerate the market growth again. For example, in March 2021, the US FDA has approved the Hominis Surgical System, a novel robotic-assisted surgical device (RASD) that may help facilitate transvaginal hysterectomy in some patients. It is intended for benign hysterectomy (removal of the uterus for non-cancerous conditions) with salpingo-oophorectomy (removal of one or both fallopian tubes and ovaries).

Market opportunities:

An increasing number of gynecological surgeries is expected to provide huge growth opportunities for the surgical robot market. For example, in July 2021, Medtronic plc, the global distributor of medical technologies, announced the first gynecological procedures (GYN) with the Hugo â„¢ Robot Assisted Surgery (RAS) system.

The increasing prevalence of chronic diseases and the increase in health spending should offer great market opportunities. According to the United States Centers for Medicare & Medicaid Service, health spending in the United States increased 4.6% in 2019, reaching $ 3.8 trillion Where $ 11,582 per person. As a proportion of the country’s gross domestic product, health spending was 17.7 percent.

Market trends:

The growing number of partnerships and collaborations between key players to increase adoption of surgical robots is one of the major trends in the market. For example, in January 2021, Freehand, a UK-based MedTech company, announced a partnership with Imperial Medical Solutions (IMS), a clinician-led healthcare consulting firm, to support the adoption of its surgical robots by hospitals in India, Sri Lanka, Malaysia, and the Caribbean

Major players focus on upgrading robotic instruments and accessories with advanced functionality. This is another major trend in the market. For example, in January 2019, SS Innovations has launched its new SSI multi-arm telerobotic assistance surgical system.

Competitive landscape:

  1. Think surgical
  2. TransEnterix
  3. Zimmer Biomet
  4. Stryker Company
  5. Smith & Nephew plc
  6. Medrobotics Company
  7. Intuitive surgery

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Market segmentation :

Global Surgical Robots Market, By Product Type:

  • Instruments and accessories
  • Robotic systems
    • Surgical Da Vinci
    • ROSA
    • MAKO RIO
    • Others

Global Surgical Robots Market, By Surgery:

  • Gynecological surgery
  • General surgery
  • Urology Surgery
  • Cardiovascular surgery
  • Neurosurgery
  • Orthopedic surgery
  • Other surgery

By geography:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

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