Growing automation in surgical equipments to boost surgical robots market

calendar_today 29 August, 2022 person_outline Growth Plus Reports

According to the deep-dive market assessment study conducted by Growth+ Reports, the global surgical robots market was pegged at ~US$ 6.3 billion in 2021. The market is expected to witness a CAGR of ~17.40 % from 2022 to 2030.

The primary driver propelling the global surgical robots market is the growing usage of automation in operations and surgical equipment and increasing demand for minimally invasive surgeries. The market for surgical robots will likely expand as a result of increasing investments in this sector, growing uptake of orthopedic surgeries such as knee and hip replacement procedures and in neurosurgery. A major example of robotic neurosurgery system is ROSA (Robotic Surgical Assistant) Brain, a front-line surgical instrument, is used in minimally invasive brain treatments in robot-assisted neurosurgery. The ROSA combines the capacity to take precise images of brain. Patients with epilepsy and other brain disorders may now be treated by neurosurgeons more quickly, safely, and successfully.

In the past several years, medical robotics has developed quickly and have been extensively used in the surgical area. The demand for this technology is going to increase in the near future due to many technological advancements such as fully autonomous robots and semi-autonomous robots. Additionally, the variety of unique applications includes anything from the creation of autonomous suturing instruments to intra-operative navigation. Other benefits of technological improvement with automated advancements include less complications, such as surgical infection, reduced pain and blood loss, rapid recovery, and small, barely perceptible scars. 

As the number of orthopedic surgeries are increasing, the demand for robotics surgeries is also increasing correspondingly. Robot-assisted orthopedic surgeries have several benefits over traditional orthopedic procedures, including increased spatial accuracy, and more dependable and reproducible results. It has better accuracy and precision in the preparation of bone surfaces. Robotic devices can be firmly connected to bones which are then able to isolate and fix them rigidly in predetermined places. Artificial intelligence has also made the robotic surgeries safer. Other than orthopedics, neurology also involves high usage of robotic surgeries. Robots in neurosurgery can help with minimally invasive curvilinear techniques similar to those used in natural orifice transluminal endoscopic surgery (NOTES), which is the fusion of both laparoscopy and endoscopy. 

The global surgical robots market has been divided into four regions: North America, Europe, Asia Pacific, and the Rest of the World. North America has highest share is the global surgical robots market in 2021. The factors supporting the growth of this region are increased healthcare facilities, adoption of automated surgical procedures, increasing number of surgical procedures in treatments of several diseases. The European market is characterized by spike in the adoption rate of surgical robots. Additionally, the market for surgical robots will grow in this region due to improvements in the payment environment, the benefits of robotic surgery such as less blood loss and short hospital stay, also increased investment in medical robot research. The Asia Pacific market for surgical robots is also anticipated to grow in the forecast period due to factors such as high technological advancements, and increased government initiatives. In November 2019, Medtronic plc saw one of the most significant technical developments. The company introduced Maxor X Stealth Edition, which provides surgical planning and efficient workflow management as fully integrated procedural solutions. The governments are also taking several initiatives; for instance, Japan, which is already a leader in general robotics, has made significant investments in medical robots to help the elderly population of the nation obtain better healthcare services. In August 2020, Medicaroid became the first Japanese business which was permitted by the health ministry to produce and sell a robotic surgical system.

Some of the prominent players operating in the global surgical robots market are Intuitive Surgical Inc., Smith & Nephew plc., Medtronic plc., Styker Corporation, Zimmer Biomet Holdings, Inc., TransEnterix Surgical, Inc., Titan Medical, Inc., TINAVI Medical Technological Co. Ltd, Medrobotics Corporation., Siemens Medical Solutions Inc., Renishaw plc., China National Scientific Instruments and Materials Corporation among others. 

This report entails a thorough quantitative analysis of the trends from 2022 to 2030 the surgical robots market has been analyzed from four perspectives: application, methods, end user. Based on application the market is divided into orthopedic surgery, urological surgery, neurosurgery, gynecological surgery, and general surgery. According to methods it is classified into minimally invasive, and open surgery. Based on the end-user it is grouped into hospitals, and ambulatory surgical centers. 
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