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Microsurgery Robot Market Size

  • Report ID: GMI2814
  • Published Date: Feb 2023
  • Report Format: PDF

Microsurgery Robot Market Size

Microsurgery Robot Market size was valued at more than USD 1.1 billion in 2022 and is projected to record over 13.5% CAGR from 2023 to 2032. Growing awareness about treatment options for chronic diseases are expected to promote global industry growth.

 

Microsurgery Robot Market

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Mounting cases of chronic diseases including cancer, cardiovascular disease, and gastrointestinal illnesses should drive the deployment of microsurgery robots across healthcare settings. These robots can assist in delivering optimal outcomes and improved patient compliance while treating chronic diseases. Quick healing, decreased surgical complications, improved post-surgical pain management, and shorter hospital stays are some of the factors that have driven the demand for minimally invasive procedures.

 

The high cost of the microsurgery robot would be a key factor hampering microsurgery robots market expansion. Non-reimbursement of some robot-assisted surgical operations is another aspect that could restrict market development. Microsurgery robots are in demand due to the rising number of patients with chronic conditions, but their high price may prevent its widespread use, particularly in low- and middle-income nations. Many people suffering from chronic illnesses are present in developing nations, which makes them reluctant to choose expensive robot-assisted procedures. For instance, the cost of the da Vinci surgical robot, which is utilized in a variety of surgical operations worldwide, is about USD 2 million in the United States.

 

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for microsurgery robots was valued at more than USD 1.1 billion in 2022 and is projected to record over 13.5% CAGR from 2023 to 2032.

Urology surgery application is predicted to reach USD 884 million by 2032 due to the rising demand and awareness about the benefits of these robots in healthcare settings.

North America microsurgery robot market is anticipated to record a 13.3% CAGR from 2023 to 2032 due to robust adoption trends of microsurgery robots and the presence of key industry players.

Intuitive Surgical, Siemens Healthineers, Medtronic, Stryker Corporation, and Smith & Nephew plc among others, are the leading companies operating in the global market.

Microsurgery Robot Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 207
  • Countries covered: 30
  • Pages: 225
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