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Robotic surgery is a type of minimally invasive surgery where robots are used to perform surgical procedures. There is a use of miniaturized surgical instruments that fit through a series of quarter-inch incisions, instead of operating on patients through large incisions. On the robotic arms these miniaturized instruments are mounted, allowing the surgeon maximum range of motion and to perform the surgeries precisely. Moreover, during the procedure these arms contains a magnified high- definition that guides the surgeon. When necessary, the surgeon can even change the scale of the robot’s movements. Advancements in surgical products and technologies has led to shift from conventional surgeries to minimally invasive surgeries. This systems allow the experts to robotize the surgical strategy, limiting post-surgical complexity and precision during the action. Further, the risk of blood loss and infection is reduced by robotic surgery, offer shorter recovery time, and leave least scars in contrast with the conventional open surgery.
The surgical robots market is driven by key factors such as rising cases of acute & chronic diseases, provides intuitive control & enhances visualization and better benefits to patients and surgeons. In addition, increasing geriatric population and advancement in technology are some of the factors that are raising the demand of the surgical robots globally. However, safety issues over surgical robots devices and high initial costs are some of the factors restraining the growth of this market. Whereas, rising patient preference for minimally invasive surgeries and increase in funding for medical robots research are some opportunities which is anticipated to drive this market. For instance, Intuitive Surgical, a U.S. based company that manufactures da Vinci surgical system and is one of the leading surgical robots manufacturer.
The surgical robots market is segmented by components, surgery type and geography
The surgical robots market based on component is bifurcated into surgical systems, accessories and software & services. Among these, the accessories segment dominated the surgical robots market globally in 2018. After each surgical procedure accessories are replaced, thus contributing to the market revenue. In addition, the software & services segment are expected to be the fastest growing segment due to the high maintenance required by these systems.
The various surgery types of the surgical robots market are covered in the report such as general surgery, urological surgery, gynecological surgery, neurosurgery, orthopedic surgery, interventional cardiology and laparoscopy. The gynecological surgery holds a dominant position in the market owing to the increasing adoption rate by the U.S. gynecologists in conducting procedures, such as prostatectomy.
On the basis of geography, the global surgical robots market is studied across the countries of key regions such as North America, Europe, Asia Pacific and Rest of the world. North America comprises of United States, Canada and Mexico. Whereas, Europe primarily covers Germany, France, UK, Italy and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific, The rest of world include Latin America and Middle East Africa are the key segments covered in the report. Among these, the North America region dominated the market globally in 2018. This is mainly attributed to high presence of robotic surgical system manufacturers in the U.S. Whereas, the Asia-Pacific is poised to record the highest growth rate in the world, owing to the growing demand in countries, such as India, China, and Japan. With the growth of the overall robots market in the region headed by technology giants, like Japan and China, availability of medical robots has also increased.
Prominent players in the surgical robots market are Accuray Inc, Auris Surgical Robots, Inc., Blue Belt Technologies, Inc. (Smith and Nephew), Hocoma, Intuitive Surgical Inc., KUKA AG, Medrobotics Corporation, Medtech S.A, Mazor Robotics, Restoration Robotics, Inc., Renishaw Plc, Synaptive Medical, Stryker Corporation, Transenterix Inc., Virtual Incision Corporation and Zimmer Holdings, Inc. New product launches, mergers & acquisitions are the key strategies adopted by market players to ensure their growth in the market. For example, in April 2017, Intuitive Surgical for its latest da Vinci X system received a CE marking in Europe.
The surgical robots market is segmented by components, surgery type and geography. The surgical robots market based on component is bifurcated into surgical systems, accessories and software & services. Among these, the accessories segment dominated the surgical robots market globally in 2018. After each surgical procedure accessories are replaced, thus contributing to the market revenue. The various surgery types of the surgical robots market are covered in the report such as general surgery, urological surgery, gynecological surgery, neurosurgery, orthopedic surgery, interventional cardiology and laparoscopy. The gynecological surgery holds a dominant position in the market owing to the increasing adoption rate by the U.S. gynecologists in conducting procedures, such as prostatectomy. On the basis of geography, the global surgical robots market is studied across the countries of key regions such as North America, Europe, Asia Pacific and Rest of the world. North America comprises of United States, Canada and Mexico. Whereas, Europe primarily covers Germany, France, UK, Italy and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific, The rest of world include Latin America and Middle East Africa are the key segments covered in the report. Among these, the North America region dominated the market globally in 2018. This is mainly attributed to high presence of robotic surgical system manufacturers in the U.S.
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