Market Challenges And Opportunities

Computer assisted surgeries are carried out with the help of surgical robotic arms, which facilitates the surgery via small incision and less tissue damage. Furthermore, accuracy and precision of computer assisted surgeries drive growth of computer assisted surgical systems market. Moreover, minimally invasive surgery lowers the cost of healthcare. For instance, the research studies conducted by Johns Hopkins suggests that minimally invasive procedures adopted by American hospitals saves around US$ 280 million to US$ 340 million per year spend for post-surgical complications occurred due to open surgery for appendix, colon, and lungs. According to the Health Research Funding report, around 400,000 robotic surgeries were performed in the U.S. in 2012 and had estimated around 25% increase in the rate of robotic surgery annually. Therefore, increasing use of surgical robots is expected to drive growth of computer assisted surgical systems market.

Computer assisted surgery is preferred over conventional surgical methods due to its advantages and advancements in technology. The focus of manufacturers of computer assisted surgical systems on upgrading the robotic instruments and its accessories with features like high resolution, precision, and flexibility of robotic device is expected to propel growth of computer assisted surgical systems market. Moreover, manufacturers are focusing on widening the applications of computer assisted surgical systems with the increasing advancements in surgical robotic systems. For instance, in 2018, Auris Surgical Robots, cleared FDA approval for Monarch, an Auris robotic endoscopy system, which can be used for diagnosing and treating lung cancer. Furthermore, the adoption of strategies such as merger and acquisition by manufacturers leads to the expansion of the market. For instance, in 2016, Zimmer Biomet acquired Medtech SA to enter the surgical robotics market.

Moreover, computer assisted surgical systems market is expanding by providing training and education associated with the use of the system. For instance, FDA along with professional societies is working for encouraging training and education program to enhance the results of computer assisted surgery. Strict approval policies by regulatory bodies is expected to hinder growth of the market.