Global Surgical Robotics Market: Focus on Products and Services (Surgical Systems, Instruments & Accessories, and Services & Maintenance), Applications, End Users, and Competitive Landscape: Analysis and Forecast, 2018-2025.
Rising incidences of colorectal cancer, neurological disorders,
interventional cardiology disorders and gynecological diseases, growing
geriatric population, and active participation of the government and the
industry players in the technological advancement in the field of computer
assisted robotic surgeries have boosted the overall growth of this market.
Another factor which significantly contributes to the revenue
generation of a company is the recurring sale of equipment and accessories of a
surgical system. The surgical robotics vendors generate revenue through one
time sale of the surgical system and generate the recurring revenue from the sale of equipment and accessory products and
maintenance services used in the surgical system. As a result, the surgical.
robotics market has attracted considerable attention of the end-users
and many new players have emerged in the market space. The key players in the
global surgical robotics market are Intuitive Surgical Inc., Stryker
Corporation, Mazor Robotics, MedRobotics, TransEnterix and Hansen Medical,
among others. As per the current scenario the higher cost of robotic systems
hinders the adoption of surgical robotics systems among the hospital and
ambulatory surgical centers. Furthermore, the lack of clinical evidences on the
efficacy of surgical robotic systems serves as a challenge for the market
players to get regulatory approvals and clearance. However, newly established
players are putting
efforts to get necessary regulatory clearance to enter into the market and
bring in clinical evidence in order to increase the adoption rate of
surgical systems in the near future.
Apart from the aforementioned, the shortage of skilled
professionals or surgeons globally who can easily understand the technicalities
of these technologically advanced surgical robotic system also serves as a
restraint for the growth of this market. However, the healthcare industry players and the
government of different nations are actively involved in giving the training
services to the surgeons and are trying to make them comfortable in its usage
and technological aspects.
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