Robotic Surgery Devices Market Scope
Medical robotics is a technologically advanced surgical, rehabilitative, and assistive solution that is mostly employed during complicated surgical procedures, physical issues, and hospital automation. Surgical robots allow surgeons to do more difficult operations with better precision. They are most commonly utilised in gynaecological, urological, orthopaedic, general, neurosurgery, and other minimally invasive procedures. The benefits of robotic-assisted surgery, technological breakthroughs in surgical robots, rising surgical robot usage, and increased financing for medical robot research are all driving this industry forward.The popularity of minimally invasive surgeries (MIS) is growing, owing to the benefits of these treatments, which include smaller incisions, fewer cuts, less scarring, less discomfort, increased safety, shorter recovery times, and significant cost savings. Robotic device technology improves accuracy, repeatability, control, and efficiency, enhancing these benefits.The global medical robotics market is driven by the growing demand for advanced technology and better treatment options for critical diseases, as well as the growing patient pool with critical diseases such as gynaecological diseases, urological disorders, and cardiac diseases, as well as the growing R&D activities of medical device manufacturers.
The Robotic Surgery Devices market study is segmented by Type (Robotic Surgery Instruments and Accessories, Robotic Surgical Systems and Robotic Surgery Services), by Application (Urology, Gynecology, General Surgery and Other) and major geographies with country level break-up.
The market is highly competitive with several players in the market. firms are developing surgical robots, and the government is collaborating with regional institutions on research and development projects. These businesses are relying on strategic collaboration activities to grow their market share and profit margins. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Robotic Surgery Devices market throughout the predicted period.
Surgical (United States), Stryker Corporation (United States), Medtronic (Ireland), Smith & Nephew (United Kingdom), Zimmer Biomet (United States), Asensus Surgical (Transenterix) (United States), Corindus Vascular Robotics (United States), Renishaw (United Kingdom), Auris Health (United States) and Medrobotics Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Think Surgical (United States), Titan Medical (Canada), AvateramedicalGmbh (Germany) and Medicaroid Corporation (Japan).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Robotic Surgery Devices market by Type, Application and Region.
On the basis of geography, the market of Robotic Surgery Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
January 2021 – Stryker announced that it has bought privately-held OrthoSensor and its Verasense intraoperative sensor tech that could further enhance the ortho giant’s Mako robots.
- Introduction of Cost Effective Medical Robots
- Use of AI and IoT in Healthcare
- Advantages of Robotic-Assisted Surgery
- Increasing Adoption of Surgical Robots
- Increasing Prevalence of Diseases like Cancer Neurological Disorders, Orthopedic Surgery, and Cardiovascular Diseases
- Increasing penetration of surgical robots in ASCs
- Increase in Research and Development Activities
- High Cost of Robotic Systems
- Safety & Security Concerns over Robotic Surgery Devices
Key Target AudienceManufacturers of Robotic Surgery Devices, Suppliers of Robotic Surgery Devices, Wholesalers, Distributors and Retailers of Robotic Surgery Devices, Healthcare Industry and Governmental Bodies
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Robotic Surgery Devices Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.