Asia Pacific microsurgery robot market size is estimated to cross USD 460 million by 2027. Microsurgery robots are widely used in minimally invasive procedures across Asia Pacific. They provide the micro surgeon digital data about the patient’s body health, which can be used in generating precise representations and surgical plans. The 3D imaging provided by surgical robots facilitates the surgeon to personalize the surgery based on the patient models.
These surgical robots record a patient's preoperative details in the operating room and use a variety of tools, such as image screens, to enable precise operation execution. The above-mentioned features are augmenting Asia Pacific microsurgery robot market forecast. Additionally, rising demand for minimally invasive procedures will also increase the demand for surgical robots.
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The below mentioned four factors are pushing the industry forecast:
Rising number of gynecological surgeries
By application, Asia Pacific microsurgery robot market has been segmented micro anastomosis, ureterorenoscopy, ENT surgery, reconstructive surgery, ophthalmology surgery, neurovascular surgery, gynecology surgery, obstetrics and many others.
Amongst these segments, the market share from obstetrics and gynecology surgery segment accounted for over USD 23 million in 2020. This can be attributed to the increasing number of gynecological surgeries performed in Asia Pacific. An improved surgery results due to enhanced robotic involvement has been observed and will foster the development of efficient devices and equipment.
Growing use across ambulatory surgical centers
Asia Pacific microsurgery robot market based on end-use is categorized into ambulatory surgical centers, research institutes, hospitals & clinics, and others. The ambulatory surgical centers segment accounted for about 28% market share in 2020. Rising requirement for ambulatory surgical centers amidst the COVID-19 pandemic is witnessed in Southeast Asian countries such as Thailand and Malaysia, stimulating the market growth.
In ambulatory surgical centers, robotic-assisted devices are used to provide reliable medical care. These devices have various benefits such as minimum blood loss, reduced hospital stays, and improved dexterity, enhancing the Asia Pacific microsurgery robot market size.
A strong demand across Japan and India
Through 2027, India microsurgery robot market is expected to grow at a CAGR of about 16.5%, while Japan microsurgery robot industry is set to rise at a CAGR of about 15.6%. The rising prevalence of chronic and infectious diseases in Japan, combined with the healthcare spending, will positively impact Asia Pacific microsurgery robot market size.
In India, several microsurgery robotic systems have been deployed in both government healthcare organizations and private hospitals. The number of installations is expected to increase dramatically through 2027, providing surgeons and patients with an alternative to conventional procedures and boosting regional microsurgery robot market size.
Key providers of surgical robots in Asia Pacific are Intuitive Surgical, Zimmer Biomet, Stryker, Corindus Inc (Siemens Healthineers), Medrobotics Corporation, Smith & Nephew, Auris Health (Johnson & Johnson), Medtronic, and TransEnterix Surgical.
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Leading microsurgery robot manufacturers have pursued various growth strategies in order to establish a strong presence in the Asia Pacific microsurgery robot market. Quoting an instance from May 2018, Auris Health (Johnson & Johnson) announced its collaboration with Neuwave Medical, a subsidiary of Ethicon for development of innovative and advanced robotic systems. Through this partnership, the company is developing a broad product range and introduce innovative and high-tech products in the market.
Table of Contents (ToC) of the report:
Chapter 3 Industry Insights
3.1 Industry segmentation
3.2 Industry outlook, 2016 - 2027
3.3 Major factor analysis
126.96.36.199 Increasing demand for minimally invasive surgical procedures
188.8.131.52 Technological advancements in microsurgery robot
184.108.40.206 Rising incidences of chronic conditions in Asia Pacific
220.127.116.11 Increasing funding for development of microsurgery robot
3.3.2 Restraints & challenges
18.104.22.168 High cost associated with robotic systems
22.214.171.124 Stringent regulatory scenario
3.4 COVID-19 impact analysis
3.5 Porter’s analysis
3.6 Regulatory landscape
3.7 Technology landscape
3.7.1 Robotic-assisted Laparo-endoscopic
3.7.2 Computer-integrated surgery (CIS)
126.96.36.199 Surgical CAD/CAM systems
188.8.131.52 Surgical assistants
3.7.3 Novel surgical robotic system
3.8 Competitive review, 2020
3.9 PEST analysis
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A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. email@example.com | https://twitter.com/RonakBora26
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