The global surgical robotics market is expected to grow by leaps and bounds in the years to come. This could be credited to technological advancements herein. Developed economies are home to favorable regulations with regards to development of surgical robotics. These regulations ascertain superior quality of production and marketing. For example – the FDA does scrutinize surgical robotics-manufacturing activities. Plus, it is also entitled to frame regulations for minimizing defects and reducing post-sales product recalls. At the same time, one can’t forget that the initial installation cost is higher. This is compelling certain developing economies to think atleast twice before venturing into surgical robotics.
Innovations are being emphasized on. This could be exemplified from the fact that organizations like Stryker and Intuitive Surgical have brought about surgical robots offering discrete performance by lessening complications. Amongst the ones available, “Da Vinci” is the most sought-after one at the time of minimally invasive surgeries.
The surgical robotics market is segmented based on component, application, end-user, and geography. By component, the segmentation spans instruments & accessories and systems. By application, the market comprises neurosurgery, orthopedic surgery, general surgery, gynecology surgery, urologic surgery, and others. By end-user, the market constitutes ambulatory surgical centers and hospitals. By geography, the same market says North America, Europe, LATAM, MEA, and Asia Pacific.
North America rules the roost due to extensive spending on healthcare by the U.S. Europe comes in second with presence of several local players. Asia pacific is fast catching up due to extra attention being paid by the government of India to healthcare. LATAM and MEA are also likely to make a mark in the nest 5-7 years.
The players contributing to the surgical robotics market include THINK Surgical, Hansen Medical, Renishaw, Mazor Robotics, Medtech, Medrobotics, and Smith & Nephew. Mazor, in 2017, did introduce “Mazor X”; which comes across as a surgical assurance platform to execute spine surgery. This is bound to bolster the growth of the same company and market.
Leading players of Surgical Robotics including:
• Intuitive Surgical
• Mazor Robotics
• Medtech S.A
• THINK Surgical
• Restoration Robotics
Market split by Type, can be divided into:
Market split by Application, can be divided into:
• Open Surgery
• Minimal Invasive
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA