GLOBAL ROBOTIC SURGERY MARKET INSIGHTS AND FORECAST
Robotic surgery is the use of robots while performing surgery. It is an emerging surgical technology which is revolutionizing the conventional method of performing surgery. Robotic surgery is commonly associated with minimal invasive surgery and aids the doctor/surgeon in performing complex surgeries with more control, precision, and flexibility. Taking a look at the history of medical robot, it was firstly seen in 1985 for placing a needle while performing a brain biopsy. In present, robotic trends in surgery can be commonly seen in endoscopic CABG, valve replacement, pancreatectomy, prostatectomy, pediatric, and hip & knee replacement surgeries.
1. Gynecological Surgery: Use of robotic medical devices for clamping, tissue manipulation, endo-surgery, and suturing. 3D imaging with enhanced depth perception is offered by the console, allowing surgeon to have autonomous control of the camera and instruments
2. Urological Surgery: Surgeons with the help of surgical robots are able to perform operation in a more precise manner than conventional surgery. Apart from being more precise than conventional surgery surgical robots cause less pain, and less blood losses
3. Neurosurgery: Full-fledged use of surgical robots in neurosurgery is minimal but they are suitable to assist in stereotactic procedures. R&D projects are being conducted to overcome the technological challenges related to implementation of robotic surgery in neurosurgery procedures
4. Orthopedic Surgery: Surgical robots are used in orthopedic surgery such as total hip & knee replacement. Advantages such as high precision helps in accurate positioning of implants thus reducing the risk of injury to nearby tissues
Global Surgical Robot Market Insights:
From the perspective of surgical robot statistics, the global market is analyzed to grow from $4 billion in 2018 to $9.28 billion in 2025 at a CAGR of 13%. Growing demand of surgical robots in ambulatory surgical centers has been taken into account by robotic surgery company who identify their factor as high growth opportunities for this market
According to Robotic Surgery News, recent technological advancement in the industry has enabled the usage of surgical robots in a wide range of surgical procedures such as removal of gallbladders, hernia repairs, hip & knee replacement, gynecological, urological, neurosurgery, and general surgery.
Factors such as increasing demand for minimally invasive surgery, technological advancement, need for surgical robots for better brand image, high prevalence for neurological disorder are driving the robotic surgery industry market positively in the US.
Given the growth of the robotic surgery market, large robotic surgery companies are entering the market by acquiring innovators. Recently Johnson & Johnson acquired Auris Health, Inc. and Smith & Nephew plc.