Latest Publication On Global Robotic Surgery Market Report: 2014 Edition
Albany, NY (PRWEB) October 09, 2014
One of the many revolutionary developments in the field of medical science has been the development of next generation robot assisted surgical devices and other related technologically advanced equipment that have made significant contributions to the very existence of human race. A surgical robot is a computer-controlled device that can be programmed to aid the positioning and manipulation of surgical instruments.
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The medical fraternity world over has witnessed a completely rejuvenated phase of healthcare as a result of the automation of surgeries which offers unprecedented accuracy, precision and enhanced dexterity for surgeons, faster recovery period, coupled with reduced pain and discomfort for patients. The worldwide market for surgical robots holds significant promise and is poised to gradually replace traditionally adopted methods of surgeries.
The integration of technology with the medical field has increased the use and demand of robot assisted surgical systems in both developing as well as developed economies. The US claims the maximum amount of robotic procedures, while penetration rates are quite low globally, thus highlighting the evident pool of opportunities for the growth of the robotic surgery market.
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The growth in robotic surgery market is attributed mainly to the increasing incidences of various diseases such as arthritis, cancer and cardiovascular diseases that usually require surgical treatment of the condition. Growth drivers such as aging of the global population, especially in the developed countries, will also trigger the growth of this market since elderly people carry a high risk in terms of success of the surgery and MIS would ensure minimal trauma to the already compromised health of the patient. Similarly, in the constantly increasing patient pool, aging population and rising healthcare expenditures will also augment the growth of the market. Moreover, a very critical role is also played by favorable clinical data that has been observed over the years that has caused shift from traditional methods of minimally invasive surgeries to robot assisted techniques.
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The global robotic surgery market is dominated by Intuitive Surgical’s da Vinci Surgical System. Over the period da Vinci hospital robot placements and procedures have skyrocketed, and they have been embraced by top surgeons around the world. The da Vinci System features a magnified 3D high-definition vision system and tiny wristed instruments that bend and rotate far greater than the human wrist which enables the surgeon to operate with enhanced vision, precision, dexterity and control. da Vinci is widely used in procedures like hysterectomies and prostatectomies.
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The report, “Global Robotic Surgery Market” analyzes the development of the global robotic surgery market, with a focus on application of da Vinci system worldwide. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The three major players in the industry, Intuitive Surgical, Inc., Hansen Medical, Inc., and Accuray, Inc. are being profiled, along with their key financials and strategies for growth.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
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