Minimally Invasive Robotic surgery is a surgery that utilizes robotics for performing surgical procedures. These robotic systems are operated by surgeons and consist of miniaturized surgical instruments mounted on robotic arms, thus allowing surgeons to perform the surgeries precisely. Minimally Invasive Surgical robots enable surgeons to carry out complex surgical procedures with greater precision. They are mainly used in gynecological, urological, orthopedic, general, neurosurgeries, and other minimally invasive surgeries.
MARKET SCOPE
The "Global Minimally Invasive Surgery Robot Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Minimally invasive surgery robot market with detailed market segmentation by product and services, application, end use, and geography. The report provides key statistics on the market status of the leading Minimally invasive surgery robot market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on product and services, the global Minimally invasive surgery robot market is segmented into instruments and accessories, robotic systems, services.
-On the basis of application, the market is segmented into general surgery, gynecological surgery, urological surgery, neurosurgery, orthopedic surgery, other applications.
-On the basis of end use, the market is segmented into hospitals, ambulatory surgery centers, others.
MARKET DYNAMICS
Drivers
-Rise in the need for automation in healthcare industry.
-Shift of focus towards advanced robotic surgeries.
-Growth in funding of medical robot research.
-Technological advancements.
Restraints
-The high cost associated with surgical robotic surgeries and robotic systems are the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Minimally invasive surgery robot market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Minimally invasive surgery robot market in these regions.
IMPACT OF COVID-19 ON MINIMALLY INVASIVE SURGERY ROBOT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Minimally invasive surgery robot market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Minimally invasive surgery robot market are anticipated to lucrative growth opportunities in the future with the rising demand for Minimally invasive surgery robot in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Minimally invasive surgery robot market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Intuitive Surgical
-Stryker Corporation
-Medtronic
-Smith & Nephew
-Zimmer Biomet
-Asensus Surgical
-Corindus Vascular Robotics
-Renishaw
-Auris Health
-Medrobotics Corporation
The Insight Partner's dediMinimally invasive surgery roboted research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.