Global Surgical Robotics Market And Hybrid Operating Room Market Size By Component, By Application, By End-User, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Surgical Robotics Market And Hybrid Operating Room Market Size And Forecast

Surgical Robotics Market And Hybrid Operating Room Market size was valued at USD 897.58 Million in 2023 and is projected to reach USD 2144.22 Million by 2031, growing at a CAGR of 11.5% during the forecast period 2024-2031.

Global Surgical Robotics Market And Hybrid Operating Room Market Drivers

The market drivers for the Surgical Robotics Market And Hybrid Operating Room Market can be influenced by various factors. These may include

  • Technological Advancements One of the main drivers is the ongoing invention and development of robotic surgical systems and hybrid operating rooms. This includes increased dexterity, precision, and integration with imaging technology, among other improvements in robot capabilities.
  • Minimally Invasive Surgery (MIS)Procedures are becoming more and more popular because of their advantages, which include less trauma, quicker recovery periods, and shorter hospital stays. Surgeons may now conduct complex procedures with better precision using minimally invasive techniques thanks to surgical robotics and hybrid operating rooms.
  • Growing Surgical Procedures As the world’s population ages and the prevalence of chronic illnesses rises, there has been a corresponding rise in surgical procedures. In order to fulfill the increasing demand, surgical robotics and hybrid operating rooms enable more successful and efficient surgeries.
  • Better Patient Outcomes Robotic-assisted procedures and hybrid operating rooms have the potential to produce better results for patients, such as fewer problems, a decreased risk of infection, and a quicker recovery after surgery. Adoption is fueled by these advantages for healthcare professionals looking to improve patient care.
  • Growing Healthcare Expenditure The global healthcare budget is always growing in spite of attempts to keep expenses under control. Since they result in shorter hospital stays, fewer complications, and higher patient satisfaction, investments in cutting-edge medical technologies like surgical robotics and hybrid operating rooms are frequently considered cost-effective over the long run.
  • Regulatory Support Market dynamics are frequently significantly influenced by regulatory organizations. Surgical robotics and hybrid operating room technologies can be used more quickly if they receive regulatory approvals and backing and are guaranteed to be safe and effective.
  • Growing Funding and Investments The public and commercial sectors are making large investments in healthcare technology and infrastructure. Market expansion is also fueled by venture capital financing and targeted investments in businesses creating hybrid operating room and surgical robots systems.
  • Geographic development The adoption of surgical robotics and hybrid operating room technology is presented with new prospects by the market’s development into emerging economies, where there is an expanding middle class and rising healthcare spending.
  • COVID-19 Pandemic The COVID-19 pandemic has brought to light the significance of technologies that lower the risk of viral transmission. Examples of these technologies include robotic systems-enabled minimally invasive surgery and the requirement for flexible and adaptable operating rooms, such as hybrid operating rooms, to meet evolving healthcare needs.

Global Surgical Robotics Market And Hybrid Operating Room Market Restraints

Several factors can act as restraints or challenges for the Surgical Robotics Market And Hybrid Operating Room Market. These may include

  • High Initial Costs Some healthcare facilities may find it difficult to employ surgical robotics systems due to the high upfront costs associated with setting up hybrid operating rooms and procuring robotics equipment.
  • Limited Reimbursement Policies Healthcare providers may face financial difficulties in certain areas if their reimbursement policies are insufficient to cover the costs of surgical robotics operations or hybrid operating room settings.
  • Complicated Regulatory Environment Market expansion may be slowed by the time and money required to comply with strict regulations and secure the required approvals for surgical robotics systems and hybrid operating rooms.
  • Absence of Skilled Personnel It takes specific training and experience to operate surgical robots systems and hybrid operating rooms. The lack of qualified workers with these technologies’ expertise may prevent them from being widely used.
  • Efficacy and Safety worries Despite technological developments, some healthcare practitioners may be discouraged from investing in surgical robotics treatments or hybrid operating room setups due to worries about the efficacy, safety, and the dangers involved.
  • Opposition to Change Many medical practitioners have a strong tradition of using traditional surgical techniques. The markets for surgical robotics and hybrid operating rooms may not expand if people are resistant to change or reluctant to adopt new technologies.
  • Infrastructure Restrictions Because of space or financial limits, not all healthcare facilities may be able to deploy hybrid operating rooms, which may require considerable infrastructure renovations and alterations.
  • Market Competition The surgical robotics and hybrid operating room categories are very competitive, which may put pressure on prices and diminish profit margins, which could hinder market expansion.
  • Legal and Ethical Issues The use of robots in surgery is surrounded by ethical issues that could affect decision-making and slow adoption rates. These issues include liability and autonomy.
  • Technological Restrictions Surgical robots systems may still be limited in their dexterity, precision, and suitability for a variety of surgical operations, even with recent developments. This could prevent them from being widely used in some specialties or applications.

Global Surgical Robotics Market And Hybrid Operating Room Market Segmentation Analysis

The Global Surgical Robotics Market And Hybrid Operating Room Market is segmented on the basis of Component, Application, End-User, And Geography.

Surgical Robotics Market And Hybrid Operating Room Market, By Component

  • Systems
  • Services
  • Accessories

Based on Component, The market is bifurcated into Systems, Services, and Accessories. Due to the widespread use of Accessories per surgical procedure, Accessories hold the highest revenue share. After each surgical treatment, the Accessories are replaced, contributing to market income. Furthermore, due to the development of robot-aided operations around the world, Services are predicted to be the fastest-expanding area. This is due to an increase in the senior population as well as chronic diseases like diabetes, HIV/AIDS, asthma, arthritis, and other ailments.

Surgical Robotics Market And Hybrid Operating Room Market, By Application

  • Oncology
  • Laparoscopy
  • Urology
  • Neurology
  • Orthopedics
  • Gynecology
  • Others

Based on Application, The market is bifurcated into Oncology, Laparoscopy, Urology, Neurology, Orthopedics, Gynecology, and Others. Over the projected period, the Neurology segment is anticipated to increase at the fastest rate. The increased acceptance of surgical robots in Neurosurgeries, owing to the advantages provided by surgical robots over conventional surgical techniques, is expected to propel the segment’s rise at a rapid pace. Furthermore, technical developments, together with positive results from robotic neurosurgery, are projected to drive the segment’s growth in the coming years.

Surgical Robotics Market And Hybrid Operating Room Market, By End-User

  • Hospitals and surgical centers
  • Ambulatory surgical centers

Based on End User, The market is bifurcated into Hospitals and surgical centers and Ambulatory surgical centers. The Global Surgical Robotics Market And Hybrid Operating Room Market research report offer an in-depth evaluation of each crucial aspect of the worldwide surgical robotics industry and hybrid operating room industry that relates to market size, revenue, share, demand, sales volume, and development in the market.

Surgical Robotics Market And Hybrid Operating Room Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

When we look at the Global Surgical Robotics Market And Hybrid Operating Room Market by region, we can break it down into North America, Europe, Asia Pacific, and the rest of the world. Right now, North America holds the biggest piece of the revenue pie. Why? Well, there's a boom in advanced healthcare centers in the US, and they're increasingly using automated surgical tools. Plus, there just aren't enough surgeons and healthcare workers to keep up with the number of patients here in the US. On top of that, with more and more people in the United States dealing with chronic illnesses like diabetes, cancer, and heart disease, there's a growing need for automated surgical equipment, which is really boosting the market in this region.

Key Players

The major players in the Surgical Robotics Market And Hybrid Operating Room Market are

  • Cook Medical Inc.
  • Siemens Healthcare GmbH
  • Eschmann Equipment
  • STERIS plc
  • General Electric Company
  • SISCO Ltd
  • Johnson & Johnson
  • Koninklijke Philips
  • Maquet
  • Mizuho
  • Stryker Corporation
  • Smith & Nephew
  • TransEnterix Surgical
  • Intuitive Surgical
  • Zimmer Bionet
  • Medrobotics
  • THINK Surgical Inc
  • Accuray
  • Corin Group
  • Globus Medical
  • Getinge

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2023

Forecast Period

2024-2031

Historical Period

2020-2022

Unit

Value (USD Million)

Key Companies Profiled

Cook Medical Inc., Siemens Healthcare GmbH, Eschmann Equipment, STERIS plc, General Electric Company, SISCO Ltd, Johnson & Johnson.

Segments Covered

By Component, By Application, By End-User, And By Geography.

Customization Scope

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