Albany, NY (PRWEB) October 27, 2013 -- One of the most advanced development in the field of medical science has been the development of next generation robot assisted surgical devices and other related technologically advanced equipments that have revolutionized the course of human existence. The world has witnessed a completely rejuvenated phase of healthcare with automation of surgeries because of numerous advantages that it offers like unprecedented accuracy, precision and enhanced dexterity for surgeon, faster recovery period coupled with reduced pain and discomfort for patients. Moreover, the benefits of repeatability and reliability are inherent in robotic surgical processes.
The surgical robots do not replace humans but enhance their capabilities to operate with superior visualization of surgical field, motion scaling, improved control while filtering tremor inherent in human wrist. The worldwide market for robotic surgical technologies holds significant promise and expected to gradually replace traditionally adopted methods of surgeries.
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As the technology is largely getting integrated with the medical field, the use and demand of robot assisted surgical systems is increasing both in developing and developed economies. The demand is basically driven by growing awareness about the potential benefits among patients, surgeons and hospitals, favorable demographic trends, increased expenditure on healthcare and increasing prevalence of chronic diseases. The US is the leading market to claim maximum amount of robotic procedures whereas penetration rates are quite low globally thus reflecting the fact that there lies huge opportunities for the growth of robotic surgery market.
Increasing desire of both patients and surgeons for the most efficient and advanced treatment options is encouraging hospitals to adopt these surgical instruments not only to provide value to their patients and doctors but also to reinforce their reputation. 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. However, the robot surgery market faces a lot of challenges like prevalence of regulatory risk, lack of trained surgeons to perform on highly complex instruments and extremely high cost associated with acquisition of these robotic systems which has led many hospitals to postpone their purchase.
The landscape of global robotic surgery market is highly competitive and is characterized by rapid technological innovations, new product introductions, entry of new players manufacturing robotic surgical systems and evolving industry standards. Major players in global robotic surgery market are Intuitive Surgical, Inc. MAKO Surgical Corp., Hansen Medical, Inc., and Accuray, Inc., among others. The da Vinci system designed and developed by Intuitive Surgical is the most widely accepted surgical device in the world and is expected to continue its dominance in future.
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The report analyzes the robotic surgery market. It discusses the market opportunities in various segments, like prostatectomy and hysterectomy. It discusses market dynamics including industry trends, growth drivers and challenges. The report also profiles the major players in robotic surgery systems, with a discussion of their key business strategies.
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Medical Robotic Systems Market (Surgical Robots, Non-Invasive Radiosurgery Robotic Systems, Prosthetics And Exoskeletons, Assistive And Rehabilitation Robots, Non-Medical Robotics In Hospitals And Emergency Response Robotic Systems) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 - 2018
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Surgical robots form the largest segment which was worth USD 3.77 billion in 2011 and is expected to reach USD 8.47 billion in 2018, growing at a CAGR of 11.5% from 2012 to 2018. Prime surgical robots such as the da Vinci robotic system are pioneers in this market segment. However, the high cost of this system and introduction of cheaper robotic laparoscopy surgery solutions such as Telelap ALF-X system may turn out to be a major competition for this segment in the future.
Rapid growth is expected in other segments such as non-medical robots in hospitals and assistive and rehabilitation systems. The non-medical robots in hospitals comprise a wide range of robots such as telemedicine robots, cart transportation robots and robotic hospital pharmacy systems. At present, thousands of hospitals in the U.S. and Europe have integrated transportation robots in their operation systems. It is believed that incorporation of automation in day-to-day non-critical tasks in hospitals would result in saving human labor and also ultimately lower healthcare costs.
Global Service Robotics Market 2012-2016
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Global Service Robotics market to grow at a CAGR of 19.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand of professional robots for medical applications. The Global Service Robotics market has also been witnessing the increase in availability of service robots on a leased basis. However, the lack of effective product differentiation could pose a challenge to the growth of this market.
Global Service Robotics Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Service Robotics market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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