Published Date : Mar 29, 2017
ALBANY, New York, March 29, 2017 - MarketResearchReports.biz has announced the addition of a new report, titled “Global Robotic Surgery Market 2016-2020”, to its offering. The in-depth study on the global robotic surgery market provides comprehensive insight into the current drivers and restraints, prominent trends and emerging opportunities, product launches of leading players, and strategic dynamics. The research report analyzes the major advances in computer-assisted surgical techniques. The study highlights recent technological advancements in robotic systems and assesses their impact on shaping the competitive landscape in major regions. The research study evaluates revenue share and size of various application and product segments along the forecast period.
The study takes a closer look at the factors boosting the adoption of robotic procedures by surgeons and clinicians across different healthcare settings. The report analyzes the key trends in automation expected to create lucrative opportunities for players in the robot surgery market in major regions such as Asia Pacific, the Americas, and EMEA. The soaring need for minimally invasive surgeries and better surgical outcomes among patients worldwide has stimulated the demand for surgical robots in the healthcare sector. The global robotic surgery market is forecast to expand at an impressive CAGR of 11.34% from 2016 to 2020.
The global robotic surgery market is primarily propelled by the increasing preference for minimally invasive surgeries in various medical specialties such as gynecology, cardiology, oncology, and neurology. The soaring need for reducing hospital stay and facilitating post-surgery recovery has spurred the demand for robotic surgery. The preference for robotic-assisted surgeries over conventional techniques is driven by convenient movement of surgical equipment, less blood loss attributable to precise incision of the affected areas, and significant reduction of post-operative complications. In addition, the application of robotics to gain a high-resolution view of the target areas is expected to propel the robotic surgery market. The rising incidence of various types of cancer and the increasing demand for surgeries from older patients have impelled surgeons to opt for surgical robots to boost patient outcomes. In addition, the robotic-assisted procedures are increasingly being preferred in pelvic surgeries, which require specific dissections and better suturing.
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Stringent regulatory requirements by various global agencies such as the U.S. FDA have led to the slow approval of surgical robots, thereby impeding the growth of the market to some extent. However, recent innovations in robotic systems leading to surgical tools with advanced functionalities are expected to open up exciting opportunities for market players to capitalize on. Researchers are relentlessly making efforts to develop robotic systems that can offer surgeons dexterous movement and convenient navigation through the surgical environment.
Leading players are actively forming partnerships with various research institutions and universities to develop high-end surgical robots in order to consolidate their shares in major regions. Major players vying for a sustained share in the global robotic surgery market include Auris Surgical Robotics, Intuitive Surgical, Titan Medical, and Stryker.
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