Surgical robotic systems help to automate the process of surgeons performing minimally invasive surgeries (MIS). The systems consist of equipment, accessories, software, and distinct services. According to Statzon’s analysis from its data providers, the global Surgical Robot market is valued at around 5.4 billion USD.
The advantages of robot-assisted surgeries (RAS) include factors, such as increased efficiency and accuracy, diminished post-surgical complications in patients, along with the decreased risk of infection and blood loss. Other significant benefits contain shorter recovery time, accessibility to distinct body parts, and a lesser number of scars.
Growth in the surgical robot market can be attributed to driving factors, such as increasing demand for healthcare automation, the complexity of surgical procedures, increased funding for medical robot research, the aging population, and the growing number of chronic diseases.
On the contrary, high installation costs, concerns regarding safety, integration issues, and requirements for skilled personnel are some of the factors that challenge the growth of the market.
Nonetheless, the innovations in the surgical robotics industry are expected to reduce the cost of the systems over the coming years. Thus, market penetration is expected to increase over the forecast period until 2028. According to Statzon’s data analysis, the emerging trend is estimated to continue in the future with a CAGR of +13.8% until 2028.
Statzon has collated the following list featuring the Top 10 Robotic Surgery companies in 2021: