Microsurgery Robot Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Microsurgery Robot Market: Snapshot
The global microsurgery robot market is predicted to increase growth with rising awareness about advantages such as better patient outcomes, absence of post-operative complications, and improved effectiveness. Reduction in recovery time with the use of minimally invasive microsurgery robot could augment the demand in the global market. Microsurgery robot helps with minimum scarring and reduced hospital stays. Furthermore, rising prevalence of chronic diseases is expected to cause a surge in the demand for microsurgery robot. The need to treat chronic conditions increases the requirement of surgical procedures. There are a number of benefits associated with robotic-assisted surgery.
High prevalence of cancer is projected to increase the application of microsurgery robot in oncology treatments. Brain, colorectal, prostate, and other types of cancer treatments involve the use of robotic surgery. Lower number of post-operative complications and shorter recovery time are some of the advantages of using robot surgery in cancer treatments. Besides hospitals and clinics, ambulatory surgical centers are foretold to augment the demand in the global microsurgery robot market. Increasing adoption of surgical robots could be a primary factor stoking the demand for microsurgery robot in ambulatory surgical centers.
The advent of novel technologies in the healthcare industry is envisaged to amplify the demand for microsurgery robot in India. Other factors such as rising per capita income, research and development activities, and healthcare expenditure could help the demand for microsurgery robot to soar in the country. Vendors could be encouraged to operate in the country-wise microsurgery robot market as the use of technologically sophisticated robotic equipment continues to increase. China is also prognosticated to become a prominent market for microsurgery robot because of the rise in the incidence of chronic diseases. Nevertheless, the U.S. could be a blockbuster market for microsurgery robot owing to the high demand for minimally invasive surgery.
Global Microsurgery Robot Market: Overview
The global microsurgery robot market is envisaged to rise at an exponential CAGR due to strong technological advancement in the field. The effectiveness of microsurgery robot in the treatment of chronic diseases could play a critical role in increasing the demand in the global market. The development of the global microsurgery robot market is expected to see a rise as a result of the miniaturization of robotic arms helping to avoid undesirable post-surgery effects and complications.
Increasing use of microsurgery robot could catapult the global market in the coming years. In October 2017, Maastricht University Medical Center’s plastic surgeons used robot hands to supposedly perform the first super-microsurgery operation of the world.
Global Microsurgery Robot Market: Trends and Opportunities
The global microsurgery robot market is predicted to see its growth soaring on the back of the advancement of robotics for surgical procedures. This could be supported with increasing private and government funding in the recent years. Rising uptake of robotic assistance for performing a number of surgeries in ambulatory surgical centers and hospitals is anticipated to further push the growth of the global microsurgery robot market. There could be rewarding growth prospects taking birth in the global microsurgery robot market because of the swelling demand in healthcare facilities.
Among various applications of microsurgery robot, urology surgery is foretold to gather pace in the global market. This could be on account of the increasing incidence of urology diseases and the rising number of robot-assisted surgeries to treat them. The use of robots in such surgeries could ensure greater precision compared to laparoscopic pyeloplasty. Microsurgery robot helps to reduce blood loss during surgery and also the recovery time.
Global Microsurgery Robot Market: Market Potential
Reported in Science Robotics in January 2018, John A. Paulson School of Engineering and Applied Sciences (SEAS) and Wyss Institute for Biologically Inspired Engineering of the Harvard University developed a millimeter-scale Delta robot that promises high precision and bandwidth. The milliDelta is expected to overcome miniaturization and even other challenges. The introduction of such novel and highly advanced robots could augur well for the global microsurgery robot market. Manufacturers are prophesied to take advantage of the ensuing demand to gain a competitive edge in the global microsurgery robot market.
Global Microsurgery Robot Market: Regional Outlook
North America is envisioned to secure a lion’s share of the global microsurgery robot market in the near future. The U.S. could emerge as a significant contributor to the microsurgery robot market in the region. In 2017, it bagged an impressive revenue share of the North America microsurgery robot market. Patients in the country are financially capable to pay for robotic microsurgery, taking into account their high disposable income and the tremendous per capita income. Furthermore, the swelling demand for minimally invasive surgery is projected to work in the favor of the regional microsurgery robot market.
Considering the rising prevalence of infectious and chronic diseases in India, Asia Pacific is forecast to show promising growth in the global microsurgery robot market. The advent of novel technologies encouraged by improving per capita income, increasing research and development, and rising healthcare spending could augur well for the microsurgery robot market in India.
Global Microsurgery Robot Market: Competitive Landscape
With a view to gain a foothold in the global microsurgery robot market, leading companies are prognosticated to focus on mergers and acquisitions and new product launches. This could be evidenced by the deal between Great Belief International Limited and TransEnterix publicized in December 2017. The global microsurgery robot market includes top vendors such as Mazor Robotics, Intuitive Surgical, and Auris Health.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report