Robotic surgeries are obtaining the traction owing to the augmented proficiency and accomplishment rate delivered by such surgeries, along with the “minimally invasive” nature of the surgeries.
According to the report analysis, ‘AI-Based Surgical Robots Market: Current Analysis and Forecast (2021-2027)’ states that Accuray Incorporated, Intuitive Surgical, Inc., Medtronic, plc, Medrobotics Corporation, Zimmer Biomet, Stereotaxis, Inc., TransEnterix, Inc. (Asensus Inc., Stryker Corporation, Activ Surgical, Inc., Titan Medical, Inc., CMR Surgical, Inc., Smith and Nephew are the key entities which presently operating in the AI-Based Surgical Robots Market more proficiently for keep maintaining the governing position, registering the great value of market share, obtaining the competitive edge, ruling around the globe, leading the highest market growth, leading the highest market growth and generating the great value of market share.
In addition, a shift in trend from traditional practices of surgical processes to AI-based approaches by healthcare professionals is also propelling the market for AI-based surgical robots. There is an increase in the implementation of technologically advanced robots for countless applications by surgeons.
Based on Product, the services segment registered the market for AI-based surgical robots and registered for the largest revenue share of XX% during 2020. This great share is attributable to the greater cost of maintenance linked with the algorithms of robot-assisted surgery systems. Furthermore, tedious technological upgrades and comprehensive service contracts delivered to customers by countless companies further augments the revenue share.
Based on application, the others segment registered the market for AI-based surgical robots and dominated for the largest revenue share of XX% during 2020. Other applications majorly include general surgeries, laparoscopy, and ophthalmology, and oncology surgeries. The aspects underwriting to the high revenue share of the segment comprise increasing abdominal and oncology-based surgical processes, coupled with the growing prevalence of breast cancer. In addition, the increasing adoption of robots for minimally invasive laparoscopic processes by surgeons further indicates a greater share.
Based on End User, the AI-Based Surgical Robots market is sectored into Hospitals and Ambulatory Surgical Centers. The Hospital testing segment registered for the largest share during 2020. The large share of this application segment can commonly be attributed to the increasing incidence of lifestyle diseases around the globe. During 2020, countless hospitals are turning toward robot-assisted surgeries (RAS) for clearing the backlog of elective surgeries caused owing to COVID-19. As per a Robotic Surgery and Urology consultant around India, there is an augment in the number of patients choosing for robotic surgeries since the primary wave of the pandemic.
In addition, growth in this market is commonly driven by the benefits of robotic-assisted surgery, technological improvements in surgical robots, the growing adoption of surgical robots, and augmented funding for medical robot research. The increasing geriatric population on a worldwide level as well as dissimilar care standards between developed and underdeveloped economies, are posing a challenge to reconcile such issues. The minimally invasive surgery within the healthcare sector controls gigantic potential as it is measured as the best treatment alternative for open surgery.
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Ankur Gupta, Head Marketing & Communications