04, June 2024
According to NIH, 7733 robotic surgical systems have been installed worldwide until 2023. Over 10 million robotic surgeries have been performed, including general surgery, urology, gynecology, and cardiothoracic surgery. Featured with innovative technologies, robotic surgery benefits are transforming modern surgery. Evidently, our analysis predicts that the Global Surgical Robotics Market is set to advance at a CAGR of 9.35% over the forecast period 2024-2032.
An article published by the American Medical Association Journal of Ethics stated that around 5 billion individuals are unable to have access to cost-effective, reliable, and quality surgical care. Developing countries in the Asian region have leveraged their position as a preferred destination for medical tourism for robotic surgeries. Accordingly, the Asia-Pacific surgical robotics market is expected to be the fastest-growing region, with a CAGR of 10.30% during the forecast period 2024-2032.
Explore in detail about this market in our FREE sample
According to medical surveys, over 70% of patients opt for robotic surgery due to minimal scarring and reduced risk of infection. The need for precision, reduced recovery period, and enhanced surgical outcomes drives some remarkable advancements within the surgical robotics industry. Key innovations include made by surgical robotics companies:
These systems provide surgeons with tactile feedback, improving the control and sensitivity of surgical instruments. For instance, the Senhance Surgical System by TransEnterix includes haptic feedback, which provides surgeons with a sense of touch, thereby enhancing precision and reducing errors. Similarly, the Da Vinci Systems by Intuitive Surgical with haptic feedback has seen a 15% increase in adoption in Europe over the past two years, particularly in hospitals specializing in complex urological and gynecological surgeries.
Smaller, more agile robots enable minimally invasive procedures and reduce patient trauma. Medical Micro Instruments (MMI) introduced Micromate, a miniature robotic system designed for super microsurgery. Its small size allows it to perform delicate surgeries with high precision, making it ideal for ophthalmic and ENT procedures.
In May 2024, Sony developed a surgical robot capable of exchanging automatic surgical instruments and assisting extremely complex microsurgeries of small tissues, veins, and nerves. A remarkable feature of this robot is the 1.3-type 4K OLED micro displays, which allow operators to see HD 4K images of the affected area as well as the movements of surgical instruments.
These enable surgeons to perform procedures remotely, expanding access to specialized surgical care. In this regard, as of 2023, the Monarch Platform is deployed in over 10,000 procedures globally, with a notable increase in remote procedures performed in Asia, particularly in China and India. Additionally, Medtronic reports a 25% year-over-year increase in the use of the Renaissance Guidance System in Europe and Asia, highlighting its role in expanding access to specialized spinal surgeries.
Connect with our experts for a simplified analysis!
The surgical robotics market has profoundly influenced medical tourism, especially in Europe and Asia. These regions have become prime destinations for patients seeking advanced robotic surgery due to the availability of cutting-edge technology, cost-effectiveness, and highly skilled surgeons.
The UK attracts around 60,000 medical tourists annually, with a significant portion seeking robotic-assisted surgeries. The advanced technology and expertise available in institutions like the Royal Marsden Hospital are key attractions. Surgical robot manufacturers like Intuitive Surgical (Da Vinci system) and Smith & Nephew (robotic knee surgery systems) are prominent in the UK.
The cost-effectiveness of these surgeries in developing economies with a robust healthcare system in Asia also results in substantial market growth. Japan and South Korea are also considered hubs for medical tourism due to their advanced healthcare system and innovative robotic surgery techniques.
Robotic surgeries in India can be up to 60-80% cheaper than in Western countries, making it an attractive destination for international patients. For example, a robotic knee replacement in India may cost around $7,000 compared to $30,000 in the US.
The surgical robotics technology is set to revolutionize the healthcare industry, shaping the future of surgery and making procedures safer, more precise, and more accessible. By understanding the innovations, applications, and market trends in surgical robotics, healthcare providers and patients alike can better appreciate the profound impact of this transformative technology.
Grab a Quick Read to Understand the Analysis and Forecast of the Surgical Robotics Market
The surgeon operates the robotic arms from a console located near the operating table. At the console, the surgeon has a magnified, high-definition, 3D view of the surgical site.
Q.2) Is robotic surgery safe?Robotic surgery is considered safe having a success rate of 94% to 100%, associated with a small risk of infection and other complications.
Q.3) Why robotic surgery is better?Compared to larger incisions in an open surgery, robotic surgery involves smaller incisions, leading to reduced pain and scarring.
Prevalent cases of terrorist attacks in today’s world is increasing the need for severe standards of security for public safety, and the global market for biometric technology scrupulously accommoda..
Prevalent cases of terrorist attacks in today’s world is increasing the need for..
