Robotics-Assisted Telesurgery Market: - An Overview
Robotics is a discipline of science that includes interface of electrical engineering, mechanical engineering and computer science technologies. It is concerned with the design, manufacturing, operation and use of the robots, along with the computer systems required to control them and process information.
This technology is slowly but surely moving from fiction to fact thanks to current research in the robotics-assisted telesurgery market.
Today, the healthcare industry has eventually reached a point where medical robots are able to ‘think’, act independently or even take critical decisions without any assistance from doctors or medical professionals.
These tele-surgery robots have already proved their mettle in assisting surgeons who perform hysterectomies or prostate cancer and other sophisticated surgeries.
Constant design improvements, and advanced medical robots has fueled the robotics-assisted telesurgery market to boom, in the years to come.
Impact of COVID-19 Pandemic Outbreak on Robotics-Assisted Telesurgery Market
A significant learning from current healthcare situation is to be prepared for a world after the COVID-19 pandemic. Medical experts and senior scientists are already looking at major changes that are guaranteed to become healthcare and technology’s future from the sudden interest in telemedicine, to administrative movements affecting human services billing and the use of geo-location to follow traces.
Healthcare frameworks are getting comfortable with this world and finding the old ways of operating, primarily regular visits to clinics, obsolete and conflicted in relation to the situation they are trying to control.
Historically, the market for robotics-assisted telesurgery has grown by almost 12% globally in the past 5 years. Due to the COVID-19 outbreak, adoption of advanced robotic healthcare infrastructures is expected to incline by nearly 10%-12% in Q1-Q2 2020.
Technological Advancements Drives the Robotics-Assisted Telesurgery Market
The future of healthcare is shaping up in front of our very eyes with advances in digital healthcare technologies, such as artificial intelligence, VR/AR, 3D-printing, robotics or nanotechnology.
In medicine and healthcare, digital technology could help transform unsustainable healthcare systems into sustainable ones, equalize the relationship between medical professionals and patients, provide cheaper, faster and more effective solutions and could simply lead to healthier individuals living in healthier communities. Such technology advancements would help in the growth of market.
Increasing Adoption of Surgical Robots
The preference for minimally invasive procedures is anticipated to drive the robotics-assisted telesurgery market. Robots provide improved visualization, greater dexterity and high precision & accuracy. Minimally invasive surgeries are very popular with surgeons, patients and also their insurance companies since incisions made are smaller, infection risk is less, and hospital stays are much shorter.
However, human limitations like hand-eye coordination and limited dexterity stifle treatments. The desire to overcome the challenges of current laparoscopic technologies and improve the scope of minimally invasive surgeries will benefit the robotics-assisted telesurgery market to grow in the years to come.
High Cost of Robotic Systems
Cost is a very critical challenge in the Robotics-Assisted Telesurgery market. A top of the line robotics-assisted surgery system can easily cost somewhere in the range of US$ 1-1.5 million. The initial investment itself can make it difficult for underfunded medical institutions in developing countries to adopt it.
That is also not the only expense incurred as thousands more need to be spent on medicines required to complete the surgery. Hence, there is ongoing research to make the medical assistant robots of the future not only smart but affordable too. The second constraint in the robotics-assisted telesurgery market is the lack of funding. In spite of dramatic innovations by scientists in robotics technology, investors are somewhat hesitant to invest in the industry until they are assured of a ready market for the devices.
Robotics-Assisted Telesurgery Market: - Key Players
Key players in the robotics-assisted telesurgery market are focusing on product launches & approvals with the technology vendors to offer high data center traffic, and server virtualization. The major players offering robotics-assisted telesurgery solutions include Intuitive
- Hansen Medical
- Stryker Corporation
- Verb Surgical
- Mazor Robotics
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global robotics-assisted telesurgery market.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with robotics-assisted telesurgery market attractiveness as per segments.
The report on robotics-assisted telesurgery market also maps the qualitative impact of various factors on robotics-assisted telesurgery market segments and geographies.
Robotics-Assisted Telesurgery Market- Report Highlights:
- A detailed overview of parent market of robotics-assisted telesurgery market
- Changing robotics-assisted telesurgery market dynamics in the industry
- In-depth segmentation of the robotics-assisted telesurgery market
- Historical, current, and projected robotics-assisted telesurgery market size by value
- Recent industry trends and developments in robotics-assisted telesurgery market
- Competitive landscape of the robotics-assisted telesurgery market
- Strategies for key players in robotics-assisted telesurgery and solutions and services offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on robotics-assisted telesurgery market performance
- Must-have information for robotics-assisted telesurgery market players to sustain and enhance their market footprint
Robotics-Assisted Telesurgery Market Segmentation
- Robotic Surgical Systems
- Instruments & Accessories
- Training and Consulting
- Integration and Deployment
- Support and Maintenance
- General Surgery
- Urological Surgery
- Gynecological Surgery
- Orthopedic Surgery
Market Research Methodology - Perfected through Years of Diligence
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