Micro Surgical Robot Market to Reach USD 4,766.2 Million by 2031, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, November 2022: According to a new research study by Global Insight Services (GIS), the global micro surgical robot market is expected to grow rapidly over the next 10 years to reach a value of more than USD 4,766.2 Million by 2031.

Robotic surgery, commonly referred to as robot-assisted surgery, enables medical professionals to carry out a variety of complex procedures with more accuracy, adaptability, and control than is possible with conventional methods. The most frequent association of robotic surgery is with minimally invasive procedures done through tiny incisions. It is occasionally used in classic open surgical procedures. Magnification, sophisticated diploscopes, specialized precision equipment, and a range of operating procedures are all used in the surgical specialty of microsurgery. These procedures are mostly used to coapt nerves and anastomose small blood vessels (veins and arteries).

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Micro Surgical Robot Market: Key Trends and Drivers

Compared to other surgical approaches, minimally invasive surgeries have a variety of benefits, including fewer complications from minor incisions, less discomfort and scarring, and shorter hospital stays. Robotic microsurgeries are low-risk procedures that can reduce surgical site infections. The robotic system’s micro instruments enable surgical involvement through a tiny incision, which is otherwise impossible with manual surgery. Additionally, the easy access to micro tools is encouraging other major manufacturers to enter the market for microsurgery robots.

Micro Surgical Robot Market: Restraints and Challenges

However, as hospitals prioritise COVID-19 patients, there has been a decrease in the number of procedures conducted as a result of COVID-19. Due to its restricted applicability, this may temporarily reduce demand for microsurgery robots.

Micro Surgical Robot Market Report Findings

https://www.globalinsightservices.com/reports/micro-surgical-robot-market/

The urology segment is anticipated to dominate the market during the forecast period

Based on the application, it is segmented into urology surgery, plastic reconstructive surgery, ophthalmic surgery, neurosurgery, lymphatic surgery, ENT surgery, and others. The urology segment is anticipated to dominate the market during the forecast period. Due to the increasing prevalence of urological illnesses and the availability of microsurgery robots for the treatment of urology-related surgeries, the urology segment held the dominant position. The use of microsurgery robots in urological diseases has increased due to their ability to stop blood loss and shorten recovery times. The market demand will also be fueled by the high precision offered by microsurgery robots as well as improved patient outcomes due to the absence of tremors.

The hospitals & clinics is anticipated to dominate the market during the forecast period

Based on the end user, it is segmented into hospitals & clinics, ambulatory surgical centers, research centers, and others. The hospitals & clinics is anticipated to dominate the market during the forecast period. The market will increase as a result of the availability of cutting-edge infrastructure and intensive medical care for the treatment of numerous chronic illnesses. Additionally, governmental hospitals and clinics are providing improved reimbursement policies for surgical treatments, which will further drive the market’s growth. Furthermore, the advancement of the industry is accelerated by the presence of qualified healthcare professionals in hospitals. The market demand will also be fueled by an increasing emphasis on performing procedures with more precision and providing greater comfort for doctors.

The North America region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North America region is anticipated to dominate the market during the forecast period. Due to increased regional deployment of surgical robots and rising R&D funding for microsurgery robots. Six out of ten persons in the United States, according to the Centers for Disease Control and Prevention (CDC), suffer from chronic conditions. As a result, the American population will increasingly need microsurgery robots due to the rise in chronic diseases like cancer, heart disease, diabetes, and others. The growth of the regional industry will also be aided by the presence of well-known market players in North America that offer microsurgery robot devices for better patient access and care.

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Competitive Landscape

The report analyses the major players such as Stryker, Corindus Inc (Siemens Healthineers), Medtronic, Intuitive Surgical, Meerecompany, Smith & Nephew, Medrobotics corporation, Auris Health (Johnson & Johnson), Zimmer Biomet, Titan Medical, and TransEnterix Surgical among others.

Micro Surgical Robot Market Report Coverage

·       The report offers a comprehensive quantitative as well as qualitative analysis of the current global Micro Surgical Robot market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.

·       A thorough analysis of market trends and restraints is provided.

·       Region-wise, as well as country-wise conditions, are broadly evaluated in this report.

·       The forecasts in this report are made by examining the recent trends along with future Micro Surgical Robot market potential from 2021 to 2031 in terms of revenue.

·       Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Micro Surgical Robot market are also analyzed.

·       Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Micro Surgical Robot industry.

Global Micro Surgical Robot Market Segmentation

By Application

·       Urology surgery

·       Plastic reconstructive surgery

·       Ophthalmic surgery

·       Neurosurgery

·       Lymphatic surgery

·       Ent surgery

·       Others

By End User

·       Hospitals & Clinics

·       Ambulatory Surgical Centers

·       Research Institutes

·       Others

By Region

·       North America

o   The U.S.

o   Canada

o   Mexico

·       Europe

o   The UK

o   Germany

o   France

o   Spain

o   Rest of Europe

·       The Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Rest of Asia-Pacific

·       Rest of the World

o   Latin America

o   The Middle East

o   Africa

Key Players

•            Stryker

•            Corindus Inc (Siemens Healthineers)

•            Medtronic

•            Intuitive Surgical

•            Meerecompany

•            Smith & Nephew

•            Medrobotics corporation

•            Auris Health (Johnson & Johnson)

•            Zimmer Biomet

•            Titan Medical

•            TransEnterix Surgical