March 25, 2021
According to a research report titled ‘Asia Pacific Microsurgery Robot Market Size By End-use, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, Asia Pacific microsurgery robot market is anticipated to accrue USD 460 million by the year 2027.
As per report findings, factors such as increasing demand for computer integrated surgery (CIS), coupled with the ability of robots to provide visual magnification and 3D imaging of surgical sites are stimulating the growth of Asia Pacific microsurgery robot market. Furthermore, incorporation of CIS systems in automation of tissue ablation procedures is boosting industry remuneration.
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Notably, microsurgery robots register preoperative information in the operating room and use variations of resources such as image displays during surgeries, greatly improving patient outcomes and eliminating errors. CIS also uses computer aided design and manufacturing (CAD/CAM) to generate precise representations and surgical plans.
Based on application scope, Asia Pacific microsurgery robot market is arrayed into cardiovascular surgery, obstetrics & gynecology surgery, ureterorenoscopy, gastrointestinal surgery, reconstructive surgery, micro anastomosis, ophthalmology surgery, urology surgery, neurovascular surgery, ENT surgery, and oncology surgery among others.
Of these, obstetrics & gynecology surgery segment accounted for a major market share, generating USD 23 million in 2020. Rising number of gynecological surgeries in Asia Pacific, and improved outcomes due to enhanced robotics with minimum blood loss and shorter hospital stay are slated to drive industry growth in the ensuing years.
Moving on to end user spectrum, APAC microsurgery robot industry is classified into research institutes, hospitals & clinics, ambulatory surgical centers, and others. The report cites that ambulatory surgical centers captured 28% market share in 2020. Rising demand for microsurgery robots in ambulatory surgical centers, coupled with availability of advanced infrastructure and skilled professionals, especially in Southeast Asian countries such as Malaysia and Thailand are contributing to the segmental growth.
Considering the geographical landscape, India is poised to lead Asia Pacific microsurgery robot industry forecast and record 16.5% CAGR through 2027, owing to increasing adoption of microsurgery robots in various government and private hospitals.
Renowned players in Asia Pacific microsurgery robot market sphere are TransEnterix Inc. (Asensus Surgical Inc.), Zimmer Biomet, Medtronic plc, Intuitive Surgical Inc., Smith & Nephew plc, Stryker Corp., Auris Health Inc., Medrobotics Corp., and Corindus Inc.