North America Microsurgery Robot Market Expected to Influence Growth at $1.2 Bn By 2027

Author : Ronak Bora | Published Date : 2021-08-27 

North America microsurgery robot market forecast is set to accrue a high revenue by 2026. With the growing focus toward developing a robust healthcare sector integrated with cutting-edge technologies, Higher accuracy and faster results offered by these robots are promoting their sweeping adoption across American healthcare facilities. Both intracorporal and extracorporeal surgeries can be performed using these solutions.

In view of the COVID-19 pandemic, surgical robots have considerable potential of transforming the healthcare industry. They can function as shields for frontline workers including surgeons, doctors, and nurses, by eliminating the need for physical contact with the patients, preventing contagion.

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Beyond the coronavirus pandemic, these solutions can prove to be cost-effective tools that can improve surgical performance and management. Today, robotic telesurgeries, wherein the patient and surgeon are geographically apart, are gaining traction.

The following four prominent aspects are powering North America microsurgery robot industry outlook:

Deployment in ambulatory surgical centers

In terms of end-use, the North America microsurgery robot market share from ambulatory surgical centers segment held more than 30% of the regional revenue during 2020 and is slated to see a continuous growth.  As these centers provide cost-sensitive solutions, their demand has increased substantially across the region.

ASC units are registering a growing use of surgical robots including microsurgery robots that perform procedures under the supervision of highly skilled specialists. The growing volume of patients requiring surgical procedures is pushing the deployment rate.

Expanded use across urology

In terms of application, North America microsurgery robot market has been bifurcated into ophthalmology surgery, ureterorenoscopy, urology surgery, cardiovascular surgery, obstetrics and many other types of procedures.

The North America microsurgery robot market share from urology segment is likely to grow at a robust CAGR through 2026 and represented over 20% of the total market during 2020. The growing patient volume in the region is responsible for this trend. Patients have been seeking microsurgery alternatives owing to associated benefits such as less blood loss, faster recovery, lower post-operative pain, and smaller incisions.

Improved diagnosis across U.S.-based hospitals

The U.S. microsurgery robot market size is set to advance consistently through 2026, thanks to the development of stat-of-the-art healthcare infrastructure across the nation. With factors such as growing incidence of chronic illnesses and availability of skilled personnel, the use of these systems is likely to become commonplace in the coming years.

Disease diagnosis has become significantly more accurate and convenient, thanks to the recent advancements in the field. R&D investments in the region are also supporting the development of newer, more flexible robots with soft, biocompatible materials, influencing North America microsurgery robot market trends.

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Due to advantages such as smaller incisions, quicker recovery, and minimal hospital stays, the demand for minimally invasive surgeries has been expanding across North America microsurgery robot market. Some of the most important advantages that microsurgery robots possess include tremor filtration and motion scaling. The demand for robotic telesurgery coupled with the rising need for orthopedics, neurology, ear, nose and throat (ENT), hand, and plastic surgery has been adding to the growth pace.

With the inclination toward plastic surgery growing stronger, the regional microsurgery robot market share is likely to expand considerably. Stryker, Smith & Nephew, Zimmer Biomet, Medrobotics Corporation, TransEnterix Surgical, Corindus Inc, Auris Health, Titan Medical, and Intuitive Surgical are some leading microsurgery robot companies in the region.

Table of Contents (ToC) of the report:

Chapter 1   Methodology

1.1    Definition and forecast parameters

1.1.1    Definitions

1.1.2    Methodology and forecast parameters

1.2    Data sources

1.3    References & sources

1.3.1    Secondary

1.3.2    Primary

Chapter 2   Executive Summary

2.1    North America microsurgery robot industry summary, 2016 - 2027

2.1.1    Country trends

2.1.2    Application trends

2.1.3    End-use trends

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About Author

Ronak Bora

Ronak Bora

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 protected] | https://twitter.com/RonakBora26

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