Global Surgical Robots Market is Growing at a Significant Rate in the Forecast Period 2018-2025

Surgical Robots Market will cross USD 16,793.2 million by 2025. It was valued at USD 5,986.1 million in 2017. The market is growing at a CAGR of 13.8% in the forecast period 2018 to 2025

.Global Surgical Robots Market

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Segmentation: Global Surgical Robots Market

Global Surgical Robots Market, By Product (Robotic Systems, Instruments and Accessories, Service), By Brands (da Vinci Surgical System, CyberKnife, Renaissance, Artas, ROSA and Others), By Application (General Surgery, Urological, Gynaecological, Gastrointestinal, Radical Prostatectomy, Cardiothoracic Surgery, Colorectal Surgery, Radiotherapy and Others), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Drivers: Global Surgical Robots Market

The rising aging population, rising cases of acute and chronic diseases and better benefits to patients and surgeons are the key driving factors in the global surgical robots market.

RISING AGEING POPULATION

With increasing age, the patient pool for chronic disease is rising. Older populations are more prone to diseases such as diabetes, allergies, arthritis, cardiovascular diseases, infections, gastrointestinal and other problems. For instance, according to U.S. census the number of people age 65 and older in the United States on July 1, 2015 were 47.8 million as well as according to Administration for Community Living (U.S. Department of Health and Human Services), the elderly population- with age 65 years or older were around 46.2 million in 2014, they represented 14.5% of the U.S. population and it is expected that this will grow to 98 million by 2060, more than twice their number in 2014. With the increasing ageing there are several health issues that affects the senior citizens like osteoarthritis, osteoporosis, cardiovascular diseases, Alzheimer's disease, diabetesamong others which leads to a surge in the demand for surgeries. As there are limited number of doctors whereas the demand for surgery is more, in such a situation surgical robots are very helpful, they help to reduce the time span of each surgery and makes sure that everyone gets treated. Hence, ageing population is expected to drive the market for the surgical robots

RISING CASE OF ACUTE AND CHRONIC DISEASES

The prevalence of diseases and conditions such as cardiovascular diseases, diabetes, Alzheimer's disease, Parkinson's disease, cancer and many others over the period of time. Mention below is some of the statistics related to the chronic disease

  • According to Chronic Disease Prevention and Health Promotion as of 2012, about half of all adults—117 million people—had one or more chronic health conditions. One in four adults had two or more chronic health conditions
  • According to European commission, in 2012, chronic diseases in Europe accounted for 86% of all deaths.
  • According to Centers for Disease Control And Prevention (CDC) also states that in America, each year 7 of 10 deaths are caused due to chronic diseases.
  • According to the Australian Institute of Health and Welfare, in 2011, chronic diseases were the leading cause of illness, disability and death in Australia and it accounted for 90% of all deaths

Mention below is healthcare cost spend on acute and chronic diseases:

  • In the European Union, an estimated USD 778.06 billion is spent per year on treating chronic diseases. Many of these chronic diseases require frequent medical aid.According to Centers for Diseases Control and Prevention(CDC) around 86% of the healthcare costs in the U.S. for treating people with chronic disease

With the increasing prevalence of chronic diseases the demand for development and innovation of drugs and devices is increasing. This growing demand has provided an opportunity for the pharmaceutical companies to focus on introducing various products in the market in order to meet the rising demand for targeted drug delivery systems. Due to this rising demand the pharmaceutical companies are focusing on developing surgical devices like robots systems, instruments and, accessories and services, which are compatible and easy to use by the doctor, reduces the time taken for the surgery and many others, this has contributed to the demand for the surgical robots. For instance, in 2016, Intuitive Surgical and Fosun Pharma agreed to establish a joint venture to research, develop, manufacture and sell robotic assisted catheter-based medical devices. This joint venture will initially produce products targeting early diagnosis and cost-effective treatment of lung cancer, one of the most commonly diagnosed forms of cancer in the world

BETTER BENEFITS TO PATIENTS AND SURGEONS

Robotic surgery is a form of laparoscopic surgery or minimally invasive surgery in which a computer-controlled robot assists surgeon during the surgical procedure. The robots provide the surgeon with an increased level of dexterity and allow the surgeons to operate in small spaces inside the body that would otherwise require open surgery. Robotic surgery results in smaller incisions as compared to traditional open surgery, resulting into reduction in pain and scarring, and thus it leads to less time spent in the hospital and quicker recovery times. However, it is not only beneficial to the patients but also to the surgeons. Surgeon also gets great benefits from the robotic surgery, gaining enhanced precision, flexibility, control and vision. It also allows the surgeon to perform very delicate or complex surgeries that may have been difficult or even impossible without aid of the robot.

Benefits to Patients Include

  • More precise surgery: often in surgery, the surgeon needs to operate near healthy, sensitive organs, tissues and nerves. The goal of surgery is to remove the abnormalities without effecting surrounding healthy structures. The small size and flexibility of the robotic instruments makes this possible.
  • Less loss of blood and risk of infection: the surgeon makes tiny incisions rather than large as compared to the traditional method of surgery. which lowers the less loss of blood and also less risk of infection According to Eurostat, the article published in 2017 reports that older population aged more than 65 or over had 19.2% share which is increased by 0.3% compared with the 2016 data.

Benefits to Surgeons Include

  • Superior dexterity: motion of a human hand has certain limitations which are overcome by the robots.Robotic instruments exceed the dexterity and range of motion of the human hand. The arms can rotate a full of 360 degrees. This allows the surgeon to operate in a way that would not be possible without the robot.

Major Players: Global Surgical Robots Market

Intuitive Surgical is going to dominate the global surgical robots market followed by Accuray Inc., MAZOR Robots, Restoration Robots, Inc., Medtech Global, Hansen Medical, Verb Surgical Inc., TransEnterix, Stryker, and some of the upcoming players are Auris Surgical Robots, MedRobots Corporation, Virtual Incision Corporation, Think Surgical, Inc., Preceyes B.V., Medtronic, among others.

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