Abdominal Surgical Robots Market Analysis | Coherent Market Insights

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2. Abdominal Surgical Robots Market Analysis (2020-2027) • Abdominal surgical robot is an advanced robotic technology for complex surgery procedures. Surgical robots are controlled by computer programs and helps to position surgical instruments during surgery. Abdominal surgical robot has replaced the traditional open surgery with minimal invasiveness. Furthermore, abdominal surgical robot provides better benefits to the patients such as reduced pain and discomfort, faster recovery, reduced blood loss, and require shorter hospitalization period. Abdominal surgical robots can be used for general surgery, urologic surgery, and gynecological surgery. • Surgeons use computer to control and direct the surgical robot for tasks such as inserting instrument into human body, 3-D image view of inner body using endoscope, and matches doctors’ hand movements to perform the surgery using tiny instruments attached with robot.

3. Global Abdominal Surgical Robots Market: Drivers • The global abdominal surgical robots market is expected to experience significant growth over the forecast period due to increasing approval of robotic and surgical navigation systems by the U.S. Food and Drug Administration (FDA) to perform complex spinal surgeries. • For instance, in March 2019, the U.S. Food and Drug Administration (FDA) approved ROSA ONE Spine System of Zimmer Biomet. ROSA ONE Spine System is used as robotics as well as navigation technology solution and helps to perform complex spine procedures.

4. Furthermore, in March 2018, the U.S. Food and Drug Administration (FDA) provided approval to Auris Health, Inc for its Monarch Platform, which is a flexible robotic endoscopic platform used for the treatment of lung cancer. Moreover, in April 2017, Intuitive Surgical received CE Mark approval in Europe for its Da Vinci X Surgical System, which provides surgeons an advanced set of instruments to perform robotic-assisted minimally invasive surgery at lower cost. Therefore, increasing number of approval of robotic and surgical robotic, and surgical navigation system by various companies is expected to boost the global abdominal surgical robots market growth. The increasing investment for abdominal robotic surgery by companies is also boosting the abdominal surgical robots market growth. For instance, on January 8, 2020, US$ 20 million was raised by Virtual Incision Corporation for abdominal robotic surgery.

5. Global Abdominal Surgical Robots Market: Restraints • However, high cost associated with surgical robotic procedure still remains one of the major factors restraining the global abdominal surgical robots market growth. For instance, cost of robotic surgical procedure is between US$ 3000 to US$ 6000, which is higher than the traditional laparoscopic surgery. • Moreover, due to the bulky size of robotic system, it is not easily portable, which is another factor hampering the global abdominal surgical robot market growth.

6. Global Abdominal Surgical Robots Market: Regional Analysis • North America is expected to hold the largest market share in the global abdominal surgical robots market over the forecast period due to increasing approval of robotic and surgical navigation systems by the U.S. Food and Drug Administration (FDA) to perform complex surgeries. For instance, in November 2018, the U.S. Food and Drug Administration (FDA) approved Medtronic’s Mazor X Stealth Edition, which is used for complex spinal surgery. Furthermore, in January 2019, the first U.S. patient was treated for spine surgery using the Mazor X Stealth Edition. • Europe holds the highest CAGR due to increasing launch of robotic and surgical navigation systems by companies in this region. For instance, in March 2019, Navio Surgical System, which provides multi-asset digital surgery and robotic ecosystem, was launched by Smith & Nephew.

7. Global Abdominal Surgical Robots Market: Key Players • Key players operating in the global abdominal surgical robots market include Auris Health, Inc., Virtual Incision Corporation, Restoration Robotics, Inc. Medtronic plc, Smith & Nephew, THINK Surgical, Inc., TransEnterix Surgical, Inc., Intuitive Surgical, Accuray Incorporated, and Stryker Corporation.

8. Market Taxonomy: • On the basis of product type, the global abdominal surgical robots market is segmented into: • Remote Control • Voice Control • On the basis of application, the global abdominal surgical robots market is segmented into: • General surgery • Urologic surgery • Gynecological surgery • Other

9. s • On the basis of end user, the global abdominal surgical robot market is segmented into: • Hospital • Clinics • Ambulatory Surgical Centers • Others • On the basis of region, the global abdominal surgical robot market is segmented into: • North America • Latin America • Europe • Middle East • Asia Pacific • Africa

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