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Global surgical robotics market expected to grow over $12.60 billion by 2025

Press releases may be edited for formatting or style | January 23, 2018 Operating Room
EDINA, Minnesota, January 23, 2018 /PRNewswire/ -- According to a new market intelligence report by BIS Research, titled "Global Surgical Robotics Market- Analysis and Forecast, 2017-2025", the global surgical robotics market is anticipated to grow at a CAGR of 12 % during the forecast period 2017-2025, and expected to grow over $12.60 billion by 2025. As per the volume data, the surgical system is anticipated to grow at a CAGR of 10% during the forecast period, 2017-2025.

Rising incidence rate of chronic diseases, increasing geriatric population, growing demand of minimally invasive surgeries and miniature robotics, technological advancements in the field of medical surgeries, and substantial funding provided by various governmental organizations to perform research & development (R&D) activities in next-generation surgical robotic systems are the factors that are expected to fuel the demand for surgical robotic systems in the near future.

Browse 48 market Data Tables and 143 Figures spread through 369 Pages and in-depth TOC on "Global Surgical Robotics Market"
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As per the Lancet Commission on Global Surgery, nearly one-third of the global disease burden can be attributed to surgically treatable conditions. Factors such as lack of infrastructure, insufficient numbers of trained surgeons and anesthesiologists, and the prohibitive costs of receiving care prevent billions of people, especially in the low and middle income countries from receiving the necessary care. An estimated 143 million additional surgical procedures are needed each year to save lives and prevent disability. Furthermore, for the developing countries, investing in surgery would save approximately $12.3 trillion in GDP by 2030.

The growing demand for technologically advanced and minimally invasive surgical procedures, both from the doctors' and patient's end, gave rise to the robotic assistive surgeries. Robotic surgery refers to a surgical procedure where surgeons use a computer to control small instruments attached to a robot. Hence, it is also known as computer guided minimally invasive surgery.

The shorter hospitalization times, reduced therapy requirements, less pain, and consequently reduced need for postsurgical pain or scarring medication, and negligible complications related to the incision are some of the additional benefits, which are propelling the adoption rate of surgical robotic systems across various hospitals and ambulatory surgical centers.

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