Microsurgery Robot Market Analysis By Emerging Trends, Future Growth Forecast to 2026

Microsurgery Robot Market Analysis By Emerging Trends, Future Growth Forecast to 2026

The microsurgery robot market is projected to attain remarkable revenue growth in view of rapid technological advancements in the field of medical science. Growing inclination towards creating innovative microsurgery devices that are capable of undertaking complex surgeries could massively enhance the product demand in the future. Surging demand for minimally invasive surgeries owing to its notable benefits like quick recovery time could positively impact business outlook.

GMI, forecasts that the microsurgery robot market could touch USD 2.1 billion by the year 2026. Constant innovation in medical technology such as miniaturization of medical robots might accelerate the adoption of these devices. Researchers all over the world are working on improving the functionality of surgery robots.

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Citing an instance, researchers from the Maastricht University Medical Center conducted a study to assess the abilities of a microsurgery-assisting robot. With the help of Microsure’s MUSA, a surgeon was able to test the robot by manipulating controllers that resemble surgical instruments. The motive of this study was to establish the efficiency of these machines during surgeries and microsurgeries as they minimized the risk of shaking or other undesired hand movements.

Growing prevalence of chronic diseases like cardiovascular disease, cancer, stroke, neurological disorders, and diabetes could drive the need for surgical procedures. Additionally, rising adoption of sedentary lifestyle and associated unhealthy habits like alcohol consumption and smoking might enhance the risk of contracting severe diseases.

Microsurgery robots are finding immense application in oncological surgeries, cardiovascular surgeries, and neurological surgeries. This could compel facilities like hospitals and ambulatory surgery centers to incorporate these devices for performing robotic-assisted surgical procedures.

In terms of application, the microsurgery robot industry is bifurcated into ENT surgery, neurovascular surgery, oncology surgery, ophthalmology surgery, gastrointestinal surgery, obstetrics and gynecology surgery, ureterorenoscopy, reconstructive surgery, micro anastomosis and urology surgery. Out of these, the oncology surgery segment was predicted to control almost 20% of the entire market share in 2019.

Robotic surgery can be used for treating multiple types of cancer like prostate cancer, colorectal cancer, and lung cancer. Rising number of cancer cases around the world could further broaden the industry landscape for microsurgery robot developers. As per a World Health Organization (WHO) report, in 2018, deaths due to cancer were estimated to reach around 9.6 million.

Prominent players in the microsurgery robot arena like Stryker, Intuitive Surgical, Medrobotics Corporation, Zimmer Biomet, Auris Health (Johnon & Johnson), Corindus Inc. (Siemens Healthineers), Smith & Nephew, Meerecompany, TransEnterix Surgical, Titan Medical, and Medtronic are concentrating on implementing a number of organic as well as inorganic growth strategies like product innovation, marketing campaigns and collaborations to advance their market presence.

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Taking October 2020 for instance, Medical Microinstruments, an Italian company, developed the Symani Surgical System that is capable of efficiently conducting open microsurgical procedures. Reportedly, the device has received a CE Mark in Europe, which is similar to an FDA approval in the US.

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