Global Next-Generation Surgical Robots Market as valued at $11.3 million in 2019 and expected to grow at a CAGR of 28.6% during the forecast period 2020-2025 anticipated to reach $598.5 million in 2025 – Press Release

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Next-Generation Surgical Robots Market

Next-Generation Surgical Robots Market

The market size of Global Next-Generation Surgical Robotics was valued at $11.3 million in 2019 and expected to grow at a CAGR of 28.6% during the forecast period 2020-2025 anticipated to reach $598.5 million in 2025.

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Some of the key driver factoring to this growth in the Global Next-Generation Surgical Robotics Market are technological breakthroughs, advantages of robotic-assisted surgery, highly increasing adoption of surgical robots by ambulatory surgery centres and the hospitals & raising fundings for the medical robot research. However, the growth of the market is constrained by high costs for the construction of robotic devices and a lack of qualified professionals.

On an unparalleled scale, the COVID-19 epidemic has upended many lives and businesses. The pandemic would have a detrimental effect on the demand for next-generation surgical robots. The pandemic has culminated in a temporary ban on elective surgeries across the world, resulting in cancellations of elective surgeries worldwide. The latest outbreak of the pandemic of coronavirus disease (COVID-19) has posed an unprecedented threat to the world’s healthcare systems.

It has become important to recognize the future role of robotic-assisted surgery in the current pandemic as elective operations are halted and concerns are raised about how the remaining procedures on COVID-19 positive patients can be safely conducted. A number of robotic-assisted surgery societies have also recently provided their recommendations on this subject. 

Increasing prevalence of chronic diseases
Raising elderly population
Rising expenditures on healthcare in developing economies
Increasing interest for minimally invasive surgery
Lower prices of next-generation surgical robotic platforms

Robotics-based surgery in the field of surgery is at the cutting edge of precision, experiencing a dramatic transition due to the recent phenomenal developments in devices. In various applications such as urology, gynaecology, orthopaedic and general surgery, robot-assisted procedures are now commonly conducted by tiny incisions and are widely performed.

The key factors driving the market growth are the growing prevalence of chronic diseases, the rapid increase in the geriatric population, the sophistication of surgical procedures and the increasing preference for minimally invasive surgery (MIS) with greater precision and versatility.

With the introduction of technological advancements and developments in minimally invasive surgical procedures, the continuing trend of increasing demand for surgical robotic systems is expected to continue in the future.

Production of next-generation surgical systems with low costs
Production of Surgical Training Simulators
High-entry level cost – High funding, particularly in the current economic climate, is unattainable for entry-level researchers.
Lack of professionals with expertise.
Restrictive system for reimbursement in many countries.
The effect on healthcare economics – It strains the already financially unsustainable health services, at the expense of the substantial capital cost of a robot as well as the ongoing cost of the maintenance and tools.
It is complex to implement.
Regulatory challenges – Robotic surgery affects and disrupts the healthcare system with more and more patients. The proximity of surgical robotics to humans invoked severe regulatory interference from the beginning of the industry, unlike industrial robotics, which could be seen as an insular research-and-development sector limited to product manufacturing.

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Based on Geography, the Irrigation Automation market is segmented into-

North America – US, Canada
Europe – Germany, UK, France, Italy, Spain, Rest of Europe
Asia Pacific (APAC) – India, Japan, China, Rest of APAC
Rest of the World – Middle East & Africa

Significant growth is to be witnessed by the North America segment from the year 2020 to 2025.

On the basis of four major regional divisions, North America, Europe, Asia Pacific, and the Rest of the World, the global demand for surgical robots was classified. In 2019, the largest share of the global market was North America.

COMPETITIVE ANALYSIS

Key players in the global next-generation surgical robots market include:

Intuitive Surgical (U.S.A)
Stryker (U.S.A)
Mazor Robotics (U.S.A)
Smith & Nephew (UK)
Hansen Medical (US)
Medrobotics (US)
TransEnterix (US)
Medtech (France)
Renishaw (UK)
THINK Surgical (US)

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This release was published on openPR.

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