The robotic surgery market is projected to grow at a whopping 11.8% rate and reach $6,400 million by 2026 . With a values-based approach being the need of the hour, healthcare is likely to take the technologically advanced path in the next 10 years. As big data and AI embrace these advances, healthcare is bound to make greater advances in the future.
The application of robotics in the global healthcare sector has increased significantly. New Age health services must be highly efficient and deliver services with absolute accuracy. In this scenario, hospitals and surgeons are more inclined to use robotic surgery systems. Currently, robotic surgical systems are most commonly used for applications such as general surgery, urology, cardiac surgery, thoracic surgery, and neurosurgery.
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As technological advances are inevitable in the near future, with the integration of advanced technologies, the Robotic Surgical System market will experience new applications and increase the global market revenue. Insights into this market are presented in a new research report from Persistence Market Research, which forecasts that the robotic surgical systems market will reach a valuation of $6,400 million by the end of 2026 . The market is expected to grow at a robust CAGR of 11.8% during the forecast period.
Company Profiles:
- Intuitive Surgery, Inc.
- Auris Surgical Robotics
- Medtech SA (subsidiary Zimmer Biomet)
- accuracy inc
- Smith & Nephew plc
- Stryker Corporation.
- Corindus vascular robotics
- Renishaw plc.
- Mazor robotics
- TransEnterix Surgical, Inc.
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The market for conventional laparoscopic surgery is in decline with the boom in introduction of robotic surgical systems
New and advanced robotic surgery systems have improved clinical outcomes in many ways. Robotic surgery is superior to laparoscopic surgery in many ways, as laparoscopic surgeries have a limited degree of flexibility, counterintuitive movements, low dexterity, and the likelihood of physical tremors. These issues have been addressed quite well by robotic surgical systems and also include much better functionality through the integration of improved technology. Surgeons are now provided with improved vision and precision.
In addition, patients experience a shorter length of hospital stay and fewer preoperative complications. Robotic surgical systems also ensure less human error. These advantages are expected to further enhance the use of robotic surgical systems over conventional laparoscopic surgery in the global market and provide additional opportunities for robotic surgical system manufacturers.
In many ways, robotic surgical systems have emerged as a more convenient option that has proven to be efficient for patient health management. The process reduces the likelihood of human error, which is a key factor in shaping patient perceptions of a particular treatment modality. In retrospect, with the global increase in healthcare spending, technological advances and the growing volume of robotic surgeries, there is a need for patients and doctors to reduce the incidence of human error.
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Robotic surgical systems will dominate the application in gynecology in due course
Among the two components involved in this study, it is estimated that robotic surgical systems are ahead of maintenance services in terms of revenue. The market is expected to be worth over $4,400 million by the end of 2026. The application trends of robotic surgery systems are also observed and the results show that gynecology is emerging as the most important application area. The use of robotic surgical systems in the field of gynecology is expected to gain maximum traction in the coming years, and gynecology as a field of application is forecast to grow at a staggering 14% over the forecast period.
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