THE DEMAND for robots that can perform surgeries has been rapidly increasing.
New research indicates that the global surgical robot market may reach $38.27billion in 2027.
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This is a growth of around 21.16 percent between the years 2023 to 2027.
What is a surgical robot?
Surgical robots or robot-assisted surgery refers to machinery that helps human doctors perform complex procedures.
This type of technology is being more frequently used due to its immense precision, flexibility, and control, per Mayo Clinic.
Typically, robotic surgery is used for minimally invasive surgery but has also been used in traditional open surgical procedures.
Increase in demand
Thanks to this technology’s aforementioned advantages and benefits, demand has naturally been increasing.
Specifically, research has found that growth factors include an aging population, a rise in disposable income, and accelerating global spending on health, per Yahoo Finance.
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Other factors also include a rapid increase in chronic disorders, favorable government policies and support, and advances in diagnostic tech.
The most widely used surgical robots in 2022 include laparoscopic robots, followed by orthopedic robots.
Laparoscopic robots help conduct minimally invasive surgeries (MIS), resulting in less postoperative pain, smaller incisions, shorter hospital stay, and shorter recovery time.
Orthopedic robots assist in foot and ankle-related surgeries.
Other surgical robots noted in the research include percutaneous robots, natural orifice robots, and panvascular robots.
The largest share of the market was held by North America, followed by Europe.
Factors that contributed to this include the integration of new technologies, diversification in revenue streams, and diversification in surgery types, Yahoo Finance noted.
