Microsurgery Robot Market size is anticipated to cross USD 4.1 billion by 2032, according to a new research report by Global Market Insights Inc.
The high prevalence of chronic diseases and the aging geriatric population are some of the factors that could drive the deployment of microsurgery robots in the healthcare domain. The burden of chronic diseases is increasing at a rapid pace worldwide with conditions such as cancer, heart disease, orthopedic disease, and eye disorders on a rise, especially among the elderly population.
Robot-assisted surgery enables surgeons to carry out various types of difficult surgeries with more precision, flexibility, and control compared to traditional approaches.
Rising burden of cancer in the U.S.
Microsurgery robot market share from the oncology surgery segment is predicted to expand at 15.6% CAGR from 2023 to 2032. An increase in the geriatric population, high cancer prevalence, and technological improvements are influencing equipment deployment for cancer treatment. The success rates of robot-assisted cancer surgical operations have grown due to considerable technological breakthroughs in medical robotics.
Mounting cases of cancer have stimulated the deployment of these robots across the U.S. As per the American Cancer Society estimates, in 2022, there were about 1.9 million new cancer cases diagnosed in the United States. To treat cancer, about 60% of patients undergo surgery, which may also be supplemented with chemotherapy or radiation as part of a comprehensive treatment. Robotic oncology surgery is frequently linked to minimally invasive procedures, which have several advantages including fewer risks, less pain, shorter hospital stays, and speedier recovery times.
Moreover, 3D imaging technology is improving the precision with which complex surgeries can be carried out with perfection.
Browse key industry insights spread across 225 pages with 195 market data tables & 12 figures & charts from the report, “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, Application Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
Preference for surgical procedures from ambulatory surgical centers
The microsurgery robot market share from the ambulatory surgical centers segment is estimated to surpass USD 1.3 billion by 2032. The expanding popularity of minimally invasive surgical methods and the upgradation of ambulatory surgical facilities will influence market growth. According to a recent poll, there will be nearly 8,469 ambulatory surgery clinics (ASC) functioning in the United States in 2023.
ACSs place a strong emphasis on enhancing and accelerating post-surgery recovery and offering affordable, high-quality treatments. Furthermore, the demand for these healthcare facilities is anticipated to grow due to the availability of a broad range of surgical treatments including cutting-edge technology and equipment that cater to the patient population undergoing surgery. It is projected that high-quality services and a rising number of surgical procedures at ambulatory surgical centers will augment industry expansion.
Increasing healthcare initiatives across APAC
Asia Pacific microsurgery robot market is forecasted to witness more than 15.5% CAGR during 2023 and 2032. There is a rise in the elderly populations in nations like Japan, China, and India as well as an increase in the prevalence of chronic diseases in the region. Healthcare spending and R&D expenditures in China and India for the introduction of novel technologies are widening the application scope of microsurgery robots. Several other factors include the expanding healthcare sector and attempts to promote modern healthcare services will support the expansion of microsurgery robot industry in APAC.
New product launches by leading market players
Stryker Corporation, Intuitive Surgical, Medtronic, Smith & Nephew plc, and Siemens Healthineers, among others are some of the key players in the global microsurgery robot market. Companies were launching new robotic -assisted solutions that support advanced features.