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Surgical robots are designed to do much more than simple
surgeries, including complex surgeries that are usually only done under very
complicated circumstances. For example, a surgical robot that is used to help
urologists insert hyaluronic acid pellets into the penis is able to perform
this surgery without placing the patient at risk for any kind of infection.
Growing demand awareness regarding the advantages of
robotic-assisted surgery coupled with the advancement in the surgery is fueling
the market growth of surgical robots. Increasing adoption of surgical robots
across hospitals & ambulatory surgery centers in order to reduce human
error and improve patient safety is again driving the market growth of surgical
robots. According to the International Federation of Robotics, the total value
of sales of medical robots increased to US$1.9 billion, accounting for 29
percent of the total sales value of the professional service robots in 2017.
Moreover, expanding application of surgical robots across various surgeries
such as general surgery, gynecological surgery, urological surgery,
neurosurgery, orthopedic surgery, and other applications is also expected to
uplift the market growth. Growing focus on improving surgeries with better
precision and outcome is further anticipated to bolster the market growth of surgical robots market growth. A
rise in the funding in the field of surgical robots for developing more
advanced cost-effective robots is anticipated to foster the market growth of
the surgical robots.
North America is expected to gain significant growth over the
forecast period and this is attributed to the increasing healthcare funding
coupled with the rapid adoption of such advanced technology across the
healthcare sector. According to the Centers for Medicare & Medicaid
Services, the U.S. health care spending grew 4.6 percent in 2019, reaching
US$3.8 trillion or US$11,582 per person.
Key Developments:
In September 2019, Medtronic has launched a new robot-assisted
surgery platform that is more flexible and cost-effective than systems
presently on the market.
In December 2020, Smith + Nephew (S+N) has announced the launch of
a new handheld robotics platform: CORI. It is a surgeon-controlled handheld
robotic platform, and its modular design will enable it to be scaled across the
orthopedic service line.
In December 2019 Apollo Hospitals Bangalore has announced the
launch of the first dedicated Robot-Assisted Cardiac Surgery Unit in India. The
Robot-Assisted Cardiac Surgery Unit will offer patients with complex cardiac
disease treatment with robotic-assisted minimally invasive cardiac surgery.
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