A once risky art, surgery is now regarded as a highly sophisticated and ever-evolving scientific discipline. As a result of recent technological advances, more types of procedures are now possible and, more importantly, they are now being performed in a better way. The use of robotics in surgery is a natural progression following image-guided surgery. Because many of these systems combine a robotic arm with navigation, they are called robotic-assisted navigation systems.
Since many robotic-assisted surgery systems are expensive, bulky, and have not been widely accepted as better alternatives to traditional surgery, the field is still in its infancy. As a result, both surgeons and patients are changing how they perceive robotic systems, as well as the systems currently on the market. Let’s see what the future has in-store for the global surgical robotics market.
WHAT SEGMENTS MAKE-UP THE GLOBAL SURGICAL ROBOTICS MARKET?
Multiple segments are present under the umbrella of the overall surgical robotics market. The ones included below are the ones included in iData’s most recent report:
- Minimally Invasive Surgery Robotic System Market
- Robotic-Assisted Orthopedic Surgery System Market
- Robotic-Assisted Spine Surgery System Market
- Robotic-Assisted Neurosurgery System Market
- Robotic Radiosurgery System Market
- Robotic Vascular Catheter System Market
HOW ARE EACH OF THE SEGMENTS EXPECTED TO PERFORM OVER THE NEXT 10 YEARS?
1. Global Minimally Invasive Surgery Robotic System Market
Minimally invasive surgery is gaining popularity around the globe due to its association with a faster recovery, less scarring, and fewer complications compared to conventional surgery. Over the next few years, it is expected that the number of robots used during surgery will increase, especially those that possess the capability of performing minimally invasive surgery. Because of this, the MIS robotic system market is expected to reach $17.7 billion by the end of 2028.
2. Global Robotic-Assisted Orthopedic Surgery System Market
Globally, there is expected to be an increase in orthopedic surgeries due to the continually aging population and the prevalence of obesity. Not all orthopedic surgeries currently utilize robots, but the percentage of those that do is set to increase into the future. Due to this, the global robotic-assisted orthopedic surgery system is set to reach $2.6 billion by 2028.
3. Global Robotic-Assisted Spine Surgery System Market
With more studies demonstrating the benefits of robotic-assisted procedures compared to freehand procedures, more healthcare facilities will purchase surgical robots to enhance patient safety and well-being. Additionally, new companies have recently entered this market and have aided in the expansion of the robotic-assisted spinal surgery market. In terms of growth, the global robotic-assisted spine surgery system market is expected to reach $1.4 billion by 2028.
4. Global Robotic-Assisted Neurosurgery System Market
Due to the global COVID-19 pandemic, the global robotic-assisted neurosurgery system market saw a moderate decline in 2020. However, since this decline, the global market has seen increases into 2021 and 2022. Growth within this market is expected to be driven by clinical benefits and their increased recognition. As a result, the global robotic-assisted neurosurgery system market will reach $243 million by 2028.
5. Global Robotic Radiosurgery System Market
Interestingly, within the global robotic radiosurgery system market, there is one key player with multiple new emerging competitors. Growth has occurred within this market as the leading company not only offers its robotic systems, but also offers service and management fees. These service and management fees impressively made-up half of the leading companies revenue in 2021. With new companies attempting to enter this market, the global robotic radiosurgery system market is expected to reach $901.6 million by 2028.
6. Global Robotic Vascular Catheter System Market
One main factor driving growth within this market is the ability of these devices to conduct remote surgeries. Since 2018, devices in this segment have been used to conduct remote procedures, which may contribute to the increase in the robotic adoptions of vascular catheter procedures. During the global COVID-19 pandemic, the importance of remove procedures was established and, as a result, the global robotic vascular catheter system market is expected to reach $541.1 million by 2028.
GLOBAL SURGICAL ROBOTICS MARKET: FURTHER INSIGHTS
All in all, the global surgical robotics market saw strong growth in 2021 and is expected to increase rapidly over the forecast period. This explosive growth is expected to occur due to a variation of factors including revenue from alternate sources, clinical and economic benefits, flexible financial arrangements, recruitment competitions, and strong branding. Although the market is set to see explosive growth, there are still factors working to limit the global surgical robotics market. If you find yourself interested in further exploring the market limiters alongside market trends, unit sales, procedure numbers, ASPs, complete competitive and COVID-19 analyses, and more – fill-out the form below to receive a complimentary executive summary.
