Surgical Robots Market | the Success of Intuitive Surgical‘s da Vinci surgical robots are attracting a flood of startup funding leading the market to a strong upward trajectory! | at a 22.75% of CAGR

Surgical Robots Market
The Analysis presents the study of Global Surgical Robots Market facilitating the regional and country wise analysis covering the strategic analysis of each market player and the market share they hold.

MarketResearchFuture.com published a Cooked research report on “Global Surgical Robots Market Research Report – Forecast to 2023” reports to its database. – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

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Global surgical robots market is expected to grow at a CAGR of 22.75 % during forecasted period 2017- 2023.

The report titled “Surgical Robots Market -Forecast to 2023″ is a direct appreciation by Market Research Future of the market potential of the Surgical Robots Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market!

Regional analysis of Global Surgical Robots Market:

America led by the U.S. accounts for the largest market share of the global surgical robots market. The faster uptake of technology, high expenditure on healthcare, higher per capita income and others are drivers of the U.S. market. The North America surgical robots market is valued at USD 1,655.8 million in 2016. The absolute dominant position of the U.S is demonstrated by the fact that approximately 75 % of robotic surgeries representing 563,000 procedures were performed in the U.S. in 2016 using the Da Vinci system surgical robots.

Europe accounts for the second largest market led by Germany on account of its large medical device industry. The Asia pacific market is expected to be led by Japan, China and India. Middle East and Africa are expected to generate moderate growth skewed in favour of the gulf economies of Saudi Arabia, UASE and others owing to their large wealth and development of large hospitals such as King Fahd hospital in Riyadh and others.

Key players of global surgical robots market:

Key players in the market are Intuitive Surgical, Inc., Hansen Medical, Medtronic, Google Life Sciences, Johnson & Johnson, Stryker Corporation, TransEnterix, Mazor Robotics, and others. Intuitive Surgical‘s da Vinci robot is the absolute leader of the market.

Market Synopsis:

Surgical robots are remote operated machines employed to perform surgeries with minimum human intervention. The global surgical robots market is anticipated to generate an impressive double digit CAGR of 22.75 % during the forecasted period of 2017 to 2023.

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Market dynamics of Global Surgical Robots Market:

The clinical drivers of the market are high accuracy, lower surgical footprint and trauma resulting in reduced hospital stay, smaller recovery period, lower risk of infection, better ergonomic position of both patient and surgeon culminating in lower physical strain on the physician, benefits and possibility of batch operations, and others.

Technological drivers of the market are better hand-eye coordination, excellent manoeuvrability of robotic systems, growing automation of surgical robots, higher precision due to programmed filtering of tremors of the physician’s hands and others.

Demographic drivers of the market are increasing incidence and prevalence of cancer, gynaecological diseases, growing demand for minimal invasive treatments and others.

Technological drivers include advances in robotics and control systems, non-invasive imaging such as PET scan, computed tomography (CT)T scan and magnetic resonance imaging (MRI). Miniaturization of surgical instruments and robots themselves and others. Real time imaging such as Positron emission tomography (PET), computed tomography (CT) and magnetic resonance imaging (MRI) etc. allowing a direct image of the condition is another technological driver that cannot be overlooked.

Restraints:

The prohibitive cost of robotic surgery is the critical restraint on the market. Robotic surgery costs approximately USD 1500 to USD 3000 higher than traditional surgery. For instance, robotic laparoscopic surgery, costs approximately $3,000 to $6,000 more than traditional laparoscopic surgery.

The high cost of installation and maintenance is the prime operational and economic restraint on the market. For instance, the cost of a single surgical robot may be about $2 million excluding maintenance and disposable accessories. Attitude towards technology and scarcity of trained manpower are other drivers hampering the market.

Segments:

The global surgical robots market is dichotomized on the basis of control mechanism, approach, application, regions so as to generate a better understanding of the differential potentials of the market.

Control mechanism – direct telemanipulator and computer control.

Approach – shared control robotic surgical systems, supervisor-controlled robotic surgical system, robotic radiosurgery systems, telesurgery systems, and others.

Application – general surgery, cardiac surgery, gynecologic surgery, colorectal surgery, urologic surgery, head and neck surgery and other.

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