USA jobs

Surgical Robots in Remote Surgery: Overcoming Geographical Barriers to Healthcare 2023-2030

No comments

Surgical Robots Industry | Forecast 2030

The global surgical robots market was valued at USD 3.5 Billion in 2022 and is anticipated to grow at a CAGR of 18.0 % over the forecast period. The market growth is attributed to the rising adoption of automated equipment used for surgical procedures coupled with the increasing shortage of surgeons and physicians. COVID-19 has further impacted the market by increasing awareness regarding the benefits, such as the reduced risk of contamination and human error, associated with the adoption of surgical robots. Moreover, increasing investment by international and regional players in the technological advancements of surgical robots is anticipated to drive the market’s growth over the forecast period.

 

Access the Global Surgical Robots Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

North America held the largest market share in 2022, owing to the presence of technologically advanced healthcare infrastructure coupled with the increasing adoption of automated surgical equipment. Furthermore, the increasing prevalence of chronic disorders such as diabetes, cardiovascular disease, and cancer is anticipated to drive the demand for advanced and cost-effective surgical robots in the region. According to an article published by Johns Hopkins University, robotic cardiac surgery is a minimally invasive heart surgery performed with robot-controlled tools and instruments. The procedure is generally called Da Vinci surgery based on the name of the manufacturer of the robot.

 

The Asia Pacific region is anticipated to show the fastest CAGR of 18.4% over the forecast period. The growth is attributed to the increasing government support in the form of initiatives and findings for the development of healthcare infrastructure coupled with the growing geriatric population. According to APAC News Network, in 2023, India had 66 robotic surgical centers, and around 12,800 robotic surgeries were conducted over the past 12 years.

 

Orthopedics Market Insights

The global orthopedics market was valued at USD 805.7 million in 2022 and is anticipated to grow at a CAGR of 12.8% over the forecast period. The growth is attributed to the increasing prevalence of orthopedic conditions, such as degenerative bone disease, the growing geriatric population, and an increasing number of accidents. According to a study conducted by WHO, around 80% of the geriatric population lives in middle and low-income nations. This is anticipated to create a huge opportunity for key players in the market to expand their presence in emerging nations.

 

Other Post You May Be Interested In

Moreover, the early onset of musculoskeletal problems, mostly caused by a sedentary lifestyle and obesity, is expected to drive market expansion. Musculoskeletal diseases affect around 1.71 billion people globally, according to the Global Burden of Disease in 2021. As a result, an increase in musculoskeletal problems is expected to drive the market over the forecast period. Additionally, growing awareness regarding the availability of innovative items is causing hospitals to improve their technology and services frequently. Furthermore, payment coverage for orthopedic therapies has contributed to the adoption of orthopedic procedures.

 

Prominent players in the market are adopting strategies such as acquisitions, collaborations, new product launches, and expansions to strengthen their market position. For instance, in May 2023, Zimmer Biomet Holdings, Inc. announced the acquisition of OSSIS, a medical company specializing in customized 3D-printed implants and complex hip replacements. This acquisition is expected to enhance Zimmer Biomet’s capabilities in providing technologically advanced personalized orthopedic solutions.

 

Order your copy of Free Sample of “Surgical Robots Industry Data Book – Orthopedics and Non- Orthopedics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

 

Non-Orthopedics Market Insights

Non-Orthopedic applications of surgical robots include robots for neurology, cardiology, gynecology, urology, and others. The global non-orthopedic market was valued at USD 2.74 billion in 2022 and is anticipated to grow at a CAGR of 19.2% over the forecast period. The growth is attributed to the increasing prevalence of neurological disorders coupled with the rising number of road accidents causing brain injuries. According to the International Brain Injury Association, around one million traumatic brain injuries are treated in the United States every year. Additionally, around 80,000 patients are discharged from hospitals with traumatic brain injury disability.

 

Furthermore, technological advancements in the field of neurology, urology, and gynecology have eliminated direct human involvement in surgical operations. These devices are reducing the downsides of invasive procedures.  Data recorders, HD microscopic cameras, remote navigation systems, motion sensors, transducers, and robotic-controlled catheters are among the most recent advancements. The major market participants are investing much in R&D to develop technologically advanced medical devices. For example, Brain Scientific, Inc. will deliver the next-generation NeuroCap device in March 2021. It is an advanced EEG electrode array that is utilized in clinical and research settings to deliver quick EEGs whenever required. This is anticipated to drive market growth in the coming years.

 

Go through the table of content of Surgical Robots Industry Data Book to get a better understanding of the Coverage & Scope of the study

 

Furthermore, the increasing prevalence of high blood pressure and diabetes is also contributing to the rising demand for efficient and technologically advanced urology solutions. According to data published by the American Kidney Fund, around 25% of kidney failures are caused due to high blood pressure, and around 38.4% of kidney conditions are caused due to diabetes. The aforementioned factor is anticipated to drive the market demand over the forecast period.

 

Moreover, key players in the market are acquiring new players in the market to strengthen their market share and expand to untapped markets. In addition, market players are investing in R&D for the development of technologically advanced solutions. In September 2021, NovaSignal Corp. announced the closing of a USD 31 million Series C1 funding round. The company will use the resources for its commercial expansion, and development of innovative products.

 

Key Market Participants

  • Stryker
  • Medrobotics
  • Smith+Nephew
  • TransEnterix Surgical, Inc.
  • Renishaw plc.
  • Intuitive Surgical
  • Medtronic
  • THINK Surgical, Inc.
  • Zimmer Biomet

Check out more Industry Data Books, published by Grand View Research

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter

SHARE NOW
Tagged with

Leave a Reply

Your email address will not be published. Required fields are marked *