Surgical Robots Market: FDA-approved Surgical Robots Gain Prominence in Gynecological Surgeries
Robotic Arms Drive Adoption of Surgical Robots
Growing demand for minimally invasive surgeries has triggered the adoption of surgical robots. Equipment manufacturers are tapping into opportunities in robotic arms, systems, and devices to capitalize on the trend. As such, the systems component segment of the surgical robots market is expected to reach a value of ~US$ 4.1 Bn by the end of 2022.
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Healthcare providers are increasingly benefitting from the introduction of novel surgical robots, since these machines are gaining clinical approval for challenging surgical operations. According to a survey conducted by the IEEE - an association for electronic engineering, surgical robots are gaining increased acceptance by millennial parents in Asian countries, as compared to the individuals in the U.S. and the U.K. This trend is well justified, since Asia Pacific is projected for aggressive growth during the forecast period.
Manufacturers are collaborating with technologists to improve the efficacy of robots that contribute toward better patient outcomes. Companies are increasing their efficacy in AI and machine learning to make surgical robots a mainstream technique in operating rooms worldwide.
The global surgical robots market is expected to reach a value of ~US$ 13.1 Bn by 2027.
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FDA-approved Surgical Robots Gain Prominence in Gynecological Surgeries
The surgical robots market is witnessing change with the introduction of AI in operating rooms. As such, surgical robots are anticipated to gain increased prominence in ambulatory surgical centers in the coming years. Operational accuracy of surgical robots is proving productive in gynecological, general, and orthopedic surgeries. Moreover, the gynecological surgery application segment of the surgical robots market is anticipated to reach a value of ~US$ 4.9 Bn by 2027.
Companies are leveraging opportunities in orthopedic and neurosurgical operations, since these sectors are predicted for exponential growth during the forecast period. This trend is leveraged with AI to gain FDA and CE clearance for novel surgical robots. For instance, in January 2019, Intuitive Surgical - a U.S. leader in robotic products, announced its fourth quarter earnings for the FDA-approved da Vinci surgical systems that are gaining increased acceptance in the U.S. healthcare industry landscape.
Apart from the U.S., manufacturers are meeting the needs of healthcare providers for urological procedures.
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Companies Overcome Limitations of Haptic Feedback Using Cutting-edge Sensor Technology
Minimally invasive surgery is a modern technique that helps in executing complex surgical procedures with utmost precision. However, ambiguity associated with the haptic feedback of surgical robots acts as a barrier for its adoption by robot-assisted surgeons.
The surgical robots market is highly consolidated with only two major players accounting to ~90% of the total market share. This is another major challenge faced by emerging players who lack the budget, resources, and expertise to overcome the limitations of the haptic feedback associated with surgical robots.
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In order to overcome these issues, companies in the surgical robots market are join forces with haptic sensor manufacturers to gain insights on accurate tissue and organ models. For instance, sensing and test-measurement solutions provider Futek manufactures haptic sensors to support surgical robotic platforms. Thus, emerging players are leveraging this opportunity to collaborate with haptic sensor manufacturers to gain competitive edge over leading players. Manufacturers are increasingly investing in R&D to address design challenges associated with haptic autoclavable sensors by collaborating with multidisciplinary engineering teams.
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Improvements in 3D Visualization Technology Boosts Uptake of Robotic Systems
Successful outcomes associated with robotic-assisted surgeries are increasingly replacing conventional surgical procedures. Manufacturers in the surgical robots market are making improvements in 3D visualization to enhance quality of life in patients. Ongoing innovations cater to solutions that integrate the medical device technology with robotic systems to reduce trauma and offer rapid post-surgery healing.
Robotic-assisted surgeries are being increasingly adopted in the U.S. healthcare industry landscape, since the FDA has approved surgical robots for general laparoscopic surgeries. As minimally invasive surgeries are growing popular in globally, manufacturers in the surgical robots market are increasing research to augment high-resolution imaging and superior operative ergonomics in robotic systems.
Since several hospitals, especially in developing economies are restricted with limited budget spending, manufacturers are introducing low-cost surgical robots that eliminate the need for constant maintenance servicing.
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