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DUBLIN--(BUSINESS WIRE)--Oct 27, 2022--
The "Global Surgical Robotics Market: Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
Surgical robotics, also called as robotically assisted surgery or computer assisted surgery involves involvement of special machines and techniques to perform surgical procedures. Increase in the rate of automation in healthcare sectors has facilitated the introduction of surgical robotics and unmanned surgery. Rise in incidence of chronic diseases and cancer and also neurological conditions is further expected to boost the growth of surgical robotics market. The use of surgical robotics ensure less procedural time and post-surgical complication, thus improving treatment outcomes in patients.
Increase in the rate of automation in healthcare sectors has facilitated the introduction of surgical robotics and unmanned surgery. Rise in incidence of chronic diseases and cancer and also neurological conditions is further expected to boost the growth of surgical robotics market. The use of surgical robotics ensure less procedural time and post-surgical complication, thus improving treatment outcomes in patients. Conversely, significant installation and maintenance cost of surgical robots, however, hold back the swift adoption of these systems, particularly in economically challenged regions.
Neurosurgery will be the fastest-growing surgery type segment during the forecast period
Surgical robots find a wide application in minimally invasive procedures. These solutions in tow with minimally invasive surgeries offer benefits such as quick procedural time, less blood loss, lesser scarring, and even lower risk of possible infection. Adequate use of surgical robotics will allow overcoming the risk of infections to surgeons and healthcare providers in case of HIV patients. Geriatric patients will highly benefit from robotic surgery as these procedures are safer than conventional surgeries and allow quick recovery and less in-patient stay.
The key surgery types analyzed for the purpose of this study include gynecology, urology, neurosurgery, orthopedics and general surgery. Of these surgery types, gynecology enjoy the dominance position in terms of revenue generation. Reported high success rates of robotic surgeries in gynecology and proven efficacy mainly drive the demand for surgical robotics in gynecology application.
Additionally, high incidence of gynecologic complications that are often treated with minimally invasive procedures also drive the gynecology segment. It is expected that neurosurgery will be the fastest growing surgery type segment during the forecast period. Substantial increase in incidence of neurological conditions and their high risk of morbidity, and increasing application of treatment regimen through robot-assisted procedures are the prime drivers of this segment.
Software and Services segment is the fastest growing area in the overall market
Based on the type of components, the global surgical robotics market is categorized into surgical systems, accessories, and software and services. Among these components, surgical systems is observed to be the largest revenue generating segment and the fastest market growth will be observed in software and services segment. Significant purchase cost of surgical systems, ranging between US$ 1.2 million to US$ 2.5 million and increasing installation of these systems in surgical centers mainly drive the dominance of this segment. Additionally, high prices of these devices will also support the leading position of surgical systems through and beyond the forecast period. On the other hand, rapid technological advancement has urged swift upgrading of surgical systems thus driving the demand for software required for operating these systems. Since surgical systems form the core component of surgical robotic console, timely and frequent maintenance of these systems is also in demand; therefore making software and services segment the fastest growing area in the overall market.
Market Segmentation
Component
Surgery Type
Key Topics Covered:
1. Preface
2. Executive Summary
3. Surgical Robotics Market: Business Outlook & Market Dynamics
4. Surgical Robotics Market: by Component, 2020-2030, USD (Million)
5. Surgical Robotics Market: by Surgery Type, 2020-2030, USD (Million)
6. North America Surgical Robotics Market, 2020-2030, USD (Million)
7. UK and European Union Surgical Robotics Market, 2020-2030, USD (Million)
8. Asia Pacific Surgical Robotics Market, 2020-2030, USD (Million)
9. Latin America Surgical Robotics Market, 2020-2030, USD (Million)
10. Middle East and Africa Surgical Robotics Market, 2020-2030, USD (Million)
11. Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/hbxdco
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KEYWORD:
INDUSTRY KEYWORD: SURGERY HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/27/2022 08:23 AM/DISC: 10/27/2022 08:23 AM
http://www.businesswire.com/news/home/20221027005638/en