DUBLIN, Jan. 3, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Robotic Surgery Market 2016-2020" report to their offering.
The report forecasts the global robotic surgery market to grow at a CAGR of 11.34% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global robotic surgery market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of robotic surgical systems, instruments, accessories, and service support to key end-users such as hospitals and ambulatory surgical centers (ASCs).
The market has been witnessing a development in the use of low-cost robotic surgical systems, which is expected to change the market dynamics in the future. One of the reasons for low penetration rates in the market is the high cost of robotic surgical systems. Therefore, emerging competitors are currently focusing on developing cost-effective robotic systems and are likely to challenge the dominance of established vendors by providing greater affordability and technological innovation. The vendors are developing low-cost robotic surgical systems by incorporating new type of motors that use ceramics or plastics rather than metal components. The use of plastics will eventually reduce their operational costs, thereby improving the affordability. Also, the researchers are focusing on reducing the cost of sensors used in robotic surgical systems by developing smaller size components.
According to the report, the limitations involved in open surgeries have driven the adoption of surgical robots. Open and laparoscopic surgeries require large incisions, and longer recovery times, which affect the individual's outcomes. Also, this procedure is associated with increased infection rates and increased blood transfusion rates. Therefore, the surgeons are increasingly adopting urological surgical robots owing to its benefits over open surgeries. Some of the advantages of urological surgical robots include reduction of incision size, fewer blood transfusions, and improved recovery times. Also, it reduces urinary incontinence, erectile dysfunction, and mortality rates. Further, robotic urological surgery enhances surgeon's skills, reduces variability, and provides opportunities for simulation.
- Auris Surgical Robotics
- Intuitive Surgical
- Titan Medical
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Economic analysis of robotic surgery
Part 06: Market landscape
Part 07: Market segmentation by product type
Part 08: Market segmentation by application
Part 09: Market segmentation by volume
Part 10: Market segmentation by end-user
Part 11: Geographical segmentation
Part 12: Market drivers
Part 13: Impact of drivers
Part 14: Market challenges
Part 15: Impact of drivers and challenges
Part 16: Market trends
Part 17: Vendor landscape
Part 18: Key vendor analysis
Part 19: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/njdpxg/global_robotic
Laura Wood, Senior Manager
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SOURCE Research and Markets