Global Micro Surgical Robot Market report from Global Insight Services is the single authoritative source of intelligence on Micro Surgical Robot Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The global micro surgical robot market was valued at USD 1,280 million in 2021 and it is anticipated to grow further till USD 4,766.2 million by 2031, at a CAGR of 14.1% during the forecast period.
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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).
Market 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.
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Global Micro Surgical Robot Market by Application
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.
Global Micro Surgical Robot Market by End User
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.
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Major Players in the Global Micro Surgical Robot Market
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.
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