Abdominal Surgical Robot Market Anticipated to Reach a Value of $15.8 Billion by the End of 2023

Published on : Jun 23, 2017

Albany, New York, June 23, 2017: Technologies for abdominal robotic surgery applications has now growing adoption and commercialization worldwide. These technologies work in solving surgical approaches to several gynecology, urology, and general surgical issues. Due to the global demand, robotic surgical procedures have reached a level of market acceptance that proves their value and displays significant growth in the coming few years. Market Research Hub (MRH) has recently added a report titled “Abdominal Surgical Robot Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023” to its wide offerings of research reports, which offers comprehensive analysis of abdominal surgical robots in different categories, illustrating the diversity of uses for devices in surgical process.

In the current time, robotic surgery is being performed throughout the world to improve surgical results and patient recovery time as well as to reduce scarring and loss of blood. Abdominal surgical robots are evolving platforms that are useful for surgeons seeking to achieve excellence and repeatability in every surgery. Through this market analysis, the research finds that worldwide abdominal surgical robot market is expected to achieve significant growth as robots replace open surgery in the treatment of abdominal disease conditions. In 2017, the global market for abdominal surgical robots is at $2.9 billion, which was valued at $2.7 billion in 2016. Due to its wide adoption, the market is further anticipated to drive rapidly and attain a value of $15.8 billion by 2023.

The study on Abdominal Surgical Robotics has been further analyzed on the basis of major segments, such as Urology, Thoracic, Gynecology, Structural Heart, General Surgery and Head/Neck. Of these, urologic and abdominal disease conditions are being treated increasingly with robotic surgery. Apart from that, treatment via a robotic approach to abdominal surgery is useful for benign and malignant gynecologic conditions, thus gaining huge momentum. Growing acceptance of minimally invasive surgery and robotic surgery is because the robotic surgery provides an improvement over current surgical techniques. The most advanced robotic technology in the world was developed by Intuitive Surgical, Inc. which is located in Sunnyvale, CA and is called the Da Vinci robot. Looking to these factors, the Robotic surgery equipment industry revenue is also projected to reach a value of $12.9 billion by 2022. It continues to comprise a fast-growing segment of the medical device industry.

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As per the findings, Intuitive Surgical now dominates, is alone in the market, but several vendors with specialized products are targeting the large and rapidly growing abdominal robotic surgery market. The report detects emerging players with the potentially strong product portfolio and creates effective counter-strategies to gain competitive benefit. Some of the selected market participants profiled in the report are AdEchoTech / T-MedRobotics, Freehand, Chinese Surgical Robots, Cambridge Medical Robotics, THINK Surgical, OMNI, Smith & Nephew, Titan Medical, Stryker, Auris Robotics, Virtual Incision and Others. 

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