The Global Robotic Surgical Systems Market is projected to register a healthy CAGR over the forecast period. Fortune Business Insights in a new report, titled “Robotic Surgical Systems: Global Market Analysis, Insights and Forecast 2018-2025” provides a comprehensive outlook into the market. In the coming years, the neurology segment is expected to hold a significant share in the global robotic surgical systems market. Growth witnessed in the segment is ascribable to the rising incidence of neurological disorders such as depression and Alzheimer.
Recent technological advancements in the software and hardware of the NeuroMate system has facilitated the rising penetration of robotic surgical systems. Additionally, the introduction of innovative technologies such as the discovery of RoboDoc by the UCLA Neurosurgery will enable growth in the market. RoboDoc is a robot for the daily monitoring of patients operated by the doctor without him moving around.
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The rising use of laparoscopy may fuel demand in the robotic surgical market. Furthermore, the inclusion of improved magnification and maneuverability, advanced device micromotions, and easier device handling to ensure the precision of robotic surgical procedures will bode well for the overall market. Also, these robotic systems are verified as technically feasible and are specifically designed to meet the requirements of surgeons.
Growth in the robotic surgical market can be attributed to escalating demand for laparoscopic diagnostic, increasing geriatric population, and the rising number of unhealthy lifestyle behaviors such as alcohol and fast food.
Safety Concerns and High-Cost May Challenge the Growth
Concerns regarding the safety of patients and integration issues may hamper the growth of the robotic surgical systems market. Also, the high cost associated with the installation of several robotic surgical instruments such as robotic surgical arm impedes the market’s growth. Nonetheless, innovations in the medical industry are likely to decrease the cost of robotic surgical systems in the next coming years. Moreover, untapped markets in India, China, and Brazil will create impressive lucrative opportunities in the robotics surgical market.
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Robotic Surgical Instruments Help Surgeons to Perform Surgeries with More Precision and Accuracy
Automation in healthcare is increasing, driving the robotic surgical systems market. As a result of the rising geriatric population, the demand for complex surgeries is increasing since aged people are more vulnerable to accidents and chronic ailments. This, as per the report, is a chief driver of the global robotic surgical systems market.
In addition to this, people around the world prefer minimally-invasive surgeries as these surgeries take less time to recover. To get precise results, more robotic surgical platforms are projected to be adopted in the foreseeable future. Robotic surgical instruments are capable of providing high-quality video, thus allowing surgeons to perform complex surgeries. As a result of the above factors, the global robotic surgical systems market is expected to grow at a mounting rate, says Fortune Business Insights.
Growth in North America to Be Impressive Backed by Rising Uptake of Technological Advancements
The growing number of technological developments in robotics surgery is the primary reason for the growth in North America. In addition to this, people in the U.S. prefer minimally-invasive surgeries. For instance, most of the Americans prefer prostatectomies through minimally-invasive robotic surgery. Spurred by these factors, the robotic surgical systems market will show impressive growth in North America. In Europe, the market will gain from favorable reimbursement policies aimed at reducing the burden of healthcare expenditure on Europeans.
Some of the key companies operating in the robotic surgical systems market include Stryker Corporation, Smith & Nephew plc, Intuitive Surgical Inc., MedRobotics, Mazor Robotics, Hansen Medical Inc., Think Surgical, TransEnterix Inc., Synaptive Medical, Accuray Inc., Titan Medical Inc., and Renishaw plc.
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