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Robotics-Assisted Telesurgery Market Revenue, Opportunity, Forecast and Value Chain 2016-2026

Robotics-Assisted Telesurgery Market Revenue, Opportunity, Forecast and Value Chain 2016-2026

Robotics is a science branch that includes electrical engineering, mechanical engineering and computer science. 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. We will eventually reach a point when medical robots will be able to ‘think’, act independently or even take critical decisions without any assistance from doctors or medical professionals. Robotics-Assisted Telesurgery first came onto the scene in the first decade of the 21st century. These robots have already proved their mettle in assisting surgeons who perform hysterectomies or prostate cancer. Constant design improvements mean that the Robotics-Assisted Telesurgery market will become increasingly vital in the days to come.

Robotics-Assisted Telesurgery Market Drivers

A preference for minimally invasive procedures is anticipated to drive the Robotics-Assisted Telesurgery market. Robots provide improved visualisation, 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, hospital stays are much shorter and convalescence is greatly reduced. 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. An ageing and growing population will boost the Robotics-Assisted Telesurgery market and growing acceptance of telesurgery is also going to help Robotics. A surgery can take several hours and be physically exhausting for surgeons and they could even experience hand tremors as a result. A surgical robot would be able to operate on several patients without any drop in precision or efficiency which would help medical professionals to serve a larger number of people in the long run.

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Robotics-Assisted Telesurgery Market Restraints

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 region of Euro 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. However, both patients & medical healthcare organisations are showing an increased readiness to pay for Robotics-Assisted Telesurgery equipment which will boost investor confidence and subsequently drive down development cost. The third restraint of the Robotics-Assisted Telesurgery market is human resistance to change. Robotics-Assisted Telesurgery is still a relatively new concept which has had almost no long-term follow-up studies. These systems also have very large footprints and massive robotic arms. It might be difficult for medical organisations to accommodate them when they are already space constrained, to begin with.

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Robotics-Assisted Telesurgery Market Key Regions

The largest Robotics-Assisted Telesurgery markets are North America, the European Union, Asia Pacific and then the rest of the world. China, Japan and South Korea are expected to lead the world in future growth rate. This is on account of their rapidly ageing population, strong government focus on both healthcare and manufacturing expertise, and providing training to their surgeons to adopt and perform Robotics-Assisted Telesurgery. Companies would be well advised to cater to the specific needs of the Asian Robotics-Assisted Telesurgery market for their long term benefit.

Robotics-Assisted Telesurgery Market Key Market Players 

Some of the companies operating in the Robotics-Assisted Telesurgery market are Intuitive Surgical, Hansen Medical, Stryker Corp, IRobot Corporation and MAZOR Robotics.

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