Microsurgery Robot Market Size By Application (Ophthalmology Surgery, Cardiovascular Surgery, Neurovascular Surgery, Gastrointestinal Surgery, Obstetrics And Gynecology Surgery, Urology Surgery, Oncology Surgery, ENT Surgery, Reconstructive Surgery, Micro Anastomosis, Ureterorenoscopy), By End-use (Hospitals And Clinics, Ambulatory Surgical Centers, Research Institutes), Industry Analysis Report, Regional Outlook , Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Dec 2020  |  Report ID: GMI2814  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 153   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry trends

Microsurgery Robot Market size valued at USD 884 million in 2019 and is expected to witness more than 14.3% CAGR from 2020 to 2026.
 

Microsurgery Robot Market
Get more details on this report - Request Free Sample PDF
 

Rising prevalence of cancer will increase the application of microsurgery robots in oncology treatments. Shorter recovery time and lower number of post-operative complications are some of the advantages of using the microsurgery robot in cancer treatment. Moreover, rising focus of numerous companies on launching advanced microsurgery robots will prove beneficial for the overall market expansion. However, due to COVID-19, there has been a reduction in the number of surgeries performed as hospitals prioritize COVID-19 patients. This can cause a temporary slump in the demand for microsurgery robots due to limited applicability.
 

Increasing preference towards minimally invasive procedures

Increasing demand for minimally invasive surgeries will boost the microsurgery robot market growth. Minimally invasive surgeries are gaining popularity and wide-scale adoption owing to its numerous advantages such as smaller incisions, faster recovery, and reduced hospital stays are further contributing towards the market demand. Microsurgery robots improve patient outcomes due to advanced features. For instance, surgical robots are equipped with 3D imaging cameras that enable improved imaging as well as magnification. Also, robotic arms permit improved dexterity and eliminate hand tremors.
 

Increasing number of urology disorders will spur the market revenue

The urology segment accounted for 20.5% microsurgery robot market share in 2019 owing to surging number of urology disorders and the availability of microsurgery robots for the treatment of urology-associated surgeries. Microsurgery robot helps in the prevention of blood loss and reduces recovery time facilitating the demand for such devices in urology disorders. Additionally, high precision provided by the microsurgery robots along with improved patient outcomes due to elimination tremors will drive the market demand.
 

Growing adoption of microsurgery robots by hospitals and clinics

Microsurgery Robot Market

Get more details on this report - Request Free Sample PDF
 

The hospitals and clinics segment in the microsurgery robot market exhibited around 14.6% growth rate during the forecast timeframe. Availability of advanced infrastructure and intense medical care for the treatment of various chronic disorders will boost the market growth. Also, better reimbursement policies are offered in public hospitals and clinics for surgical procedures that will further impel the market size expansion. Furthermore, presence of skilled healthcare practitioners in hospitals augments the market progression. Similarly, rising focus on carrying out surgeries with better precision and ensuring more comfort for surgeons will fuel the market demand.
 

Surging cases of chronic diseases in North America region

North America Microsurgery Robot Market

Get more details on this report - Request Free Sample PDF
 

North America microsurgery robot market size was over USD 505 million in 2019 due to rising R&D funding for microsurgery robots along with increasing adoption of surgical robots in the region. As per the Centers for Disease Control and Prevention (CDC), six in ten adults in the U.S. have chronic disorders. Thus, surging cases of chronic disorders such as cancer, heart disease, diabetes, and others will surge the demand for microsurgery robots among the American population base. In addition, presence of well-known market players in North America providing microsurgery robot devices for better patient access as well as care will propel the regional industry growth.
 

Increasing product launches by prominent industry players

Some of the prominent players functioning in the microsurgery robot market include Stryker, Corindus Inc (Siemens Healthineers), Medtronic, Intuitive Surgical, Meerecompany, Smith & Nephew, Medrobotics corporation, Auris Health (Johnson & Johnson), Zimmer Biomet, Titan Medical, and TransEnterix Surgical. These companies are undertaking several growth strategies to capture a higher market share.
 

Some of the recent industry developments:

  • In July 2020, Smith & Nephew announced the launch of a hand-held robotic platform for knee replacement surgery. This strategy will assist the company in enhancing its product portfolio in the global industry.
     
  • In March 2018, Stryker’s joint replacement division launched the next-generation Trident II Acetabular System with the accuracy of Mako Robotic-Arm Assisted Surgery. This new product launch helped the company in expanding its product portfolio, and enhanced its market share
     

The microsurgery robot market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:

Market, By Application

  • Ophthalmology surgery
  • Cardiovascular surgery
  • Neurovascular surgery
  • Gastrointestinal surgery
  • Obstetrics and gynecology surgery
  • Urology surgery
  • Oncology surgery
  • ENT surgery
  • Reconstructive surgery
  • Micro anastomosis
  • Ureterorenoscopy
  • Others

Market, By End-use

  • Hospitals and clinics
  • Ambulatory surgical centers
  • Research institutes
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Egypt
    • Nigeria

 

Frequently Asked Questions (FAQ) :

The market size of microsurgery robots reached USD 884 million in 2019 and could record over 14.3% CAGR through 2026 owing to increased deployment across oncology and other treatment areas.
The urology segment accounted for 20.5% market share in 2019 as these equipment help to prevent blood loss and lead to considerable reduction in recovery times.
The hospitals and clinics segment will witness over 14.6% CAGR between 2020-2026 with the increasing availability of advanced infrastructure at the facilities.
North America market was valued at more than USD 505 million during 2019 and will grow with the rise in R&D spending and the increased prevalence of chronic diseases.

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Premium Report Details

  • Published Date: Dec 2020
  • Pages: 153
  • Tables: 165
  • Charts / Figures: 10
  • Companies covered: 11
  • Countries covered: 23

Get a report that explains COVID-19 impact on this market, request a free sample now

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X