Surgical Robot: Market Shares, Strategies, and Forecasts, Worldwide, 2013-2019
August 2012 (Atlanta, GA) - Surgical robot device markets at $3.2 billion in 2012 are anticipated to reach $19.96 billion by 2019 as next generation devices, systems, and instruments are introduced to manage surgery through small ports in the body instead of large open wounds.
WinterGreen Research announces that it has published a new study "Surgical Robots: Market Shares, Strategy, and Forecasts, Worldwide, 2013 to 2019." Worldwide surgical robot markets are poised to achieve significant growth as next generation systems provide a way to improve traditional open surgery and decrease the number of ports needed for minimally invasive surgery.
The companies that get an early foothold in the market have significant strategic advantage. The robotic surgical technique benefits hospitals by reducing the length of patient stays, thereby enabling better cost management. Since robotics provide surgeons with a precise, repeatable, and controlled ability to perform procedures in tight spaces, they are increasingly in demand.
According to Susan Eustis, lead author of the study, “Existing open surgery can be replaced in large part by robotic minimally invasive surgery (MIS). Minimally invasive robotic surgery, new robotic radiation treatment, and emerging robotic surgical approaches complement existing surgery techniques. Soon, all surgery will be undertaken with at least some aspects of robotic surgery replacing or complementing open surgery.”
The aging US population has supported demand, since the occurrence of health issues that require medical devices is higher in the elderly population. Buoyed by strong demand and sales, industry profit margins have increased considerably during the past five years.
Hospitals are adopting robotic surgical devices to improve their outcomes numbers. Hospitals are measured on outcomes and robots for surgery, when used by a trained physician, are improving outcomes significantly.
Compared with other minimally invasive surgery approaches, robot-assisted surgery gives the surgeon better control over the surgical instruments and a better view of the surgical site. Surgeons no longer have to stand throughout the surgery and do not tire as quickly. Hand tremors are filtered out by the robot’s computer software. The surgical robot can continuously be used by rotating surgery teams.
For a full review of the report click here.
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