ID: MRFR/MED/0490-HCR | 115 Pages | Author: Rahul Gotadki | March 2024
Robotic Flight Simulator Surgery Market Scenario
The Robotic Flight Simulator Surgery Market growth is anticipated to reach USD 783.4 Million by 2030 at 12.7% CAGR during the forecast period 2022-2030.
The robotic flight simulator surgery refers to the introduction of virtual reality fundamentals to the robot-assisted surgery. The technology provides a multi-level curriculum, designed with various levels of difficulties in surgical procedures. Thus, robotic flight simulator teaches the surgeons and enable them with the required skills to perform robotic surgeries. Surgical robots have various advantages. They provide accuracy and perfection in the procedures with less loss of blood. This formulated the backgrounds for the development of the robotic flight simulator surgery market. Factors such as the growing demand for robotic surgery and rising healthcare expenditure are expected to be the major drivers for market growth during the forecast period.
According to the U.K. HealthCare approximately 970 robotic surgical procedures were performed within the region from 2012 to 2015. Moreover, the growing pharmaceutical and biotechnology sectors and the increasing prevalence of chronic diseases such as cancer, diabetes, and others boost the market growth. The U.S. is the largest market for biopharmaceuticals and accounts for one third of the global market. Moreover, it is estimated that the U.S. biopharmaceutical sector accounts for around 17% of all the domestic R&D funded by the U.S. businesses and added an estimated USD 1.2 trillion in the economic output of 2014. However, factors such as high price of surgical robots along with the risks associated with robotic surgeries are estimated to restrain the market growth during the forecast period. According to the Economic Cycle Research Institute in 2015, the average quoted prices of da Vinci robot models was estimated to range from USD 0.91 to USD 2.31 million.
Key Players in the Robotic Flight Simulator Surgery Market
The key players for the Robotic Flight Simulator Surgery Market are Intuitive Surgical (U.S.), TransEnterix (U.S.), Titan Medical (Canada), Virtualincision (U.S.), AVRA (U.S.), Hansen Medical (U.S.), Corindus Vascular Robots (U.S.), Interventional Systems (U.S.), Stryker (U.S.), Mazor Robotics (Israel), and others.
Intended Audience
Robotic Flight Simulator Surgery Market Segmentation
The robotic flight simulator surgery market is segmented on the basis of application, method, and end-user. On the basis of application, the market is segmented into general surgery, cardiology surgery, neurosurgery, gynecology, and others. On the basis of method, the market is segmented into direct tele-manipulator and computer control. On the basis of end-user, the market is segmented into hospitals, clinics, ambulatory surgical centers, and others.
Robotic Flight Simulator Surgery Market Regional Analysis
America dominates the robotic flight simulator surgery market owing to a well-developed healthcare sector and increasing adoption of new technologies. Additionally, the presence of well developed economies such as the U.S. and Canada and major players such as Intuitive Surgical, Stryker, Hansen Medical, and others boost the market growth.
Figure 1: - Global Robotic Flight Simulator Surgery Market Share, by Region
Sources: WHO, Annual Reports, Press Release, White Paper, and Company Presentation
Europe is the second largest market for robotic flight simulator surgery. Factors such as the availability of funds for research, growing pharmaceutical and biotechnology sector, and rising per capita healthcare expenditure boost the market growth within the region. In 2014, according to the Office for National Statistics in the U.K. and the U.S., the per capita healthcare expenditure was about USD 4393 and USD 9985, respectively. On a regional basis, Europe is segmented into Western Europe and Eastern Europe. Western Europe is a major segment of the robotic flight simulator surgery market. On the other hand, Eastern Europe is estimated to be the fastest growing region.
Asia Pacific is estimated to be the fastest growing region for the market. This can be attributed to the increasing demand for robotic surgeries and huge patient population for chronic diseases such as cancer, diabetes, and others. According to a study published in the Cancer Biology & Medicine Journal in 2014, breast cancer was the most common type of cancers within the Asia Pacific region. In 2012, it was estimated that breast cancer accounted for 18% of the total reported cases within the region.
On the other hand, the Middle East and Africa holds the least share in the robotic flight simulator surgery market. This can be attributed to the presence of poor economies, stringent government policies, and lack of healthcare services especially within the African region. A majority of the market in the Middle East and Africa is held by the Middle East.
Research Methodology
This report for Robotic Flight Simulator Surgery Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report also gives a broad study of the different market segments and regions.
Sources: WHO, Annual Reports, Press Release, White Paper, and Company Presentation
Report Attribute/Metric | Details |
Market Size | 2030: USD 783.4 Million |
CAGR | 12.7% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Application, Methods, End-User |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Intuitive Surgical (U.S.), TransEnterix (U.S.), Titan Medical (Canada), Virtualincision (U.S.), AVRA (U.S.), Hansen Medical (U.S.), Corindus Vascular Robots (U.S.), Interventional Systems (U.S.), Stryker (U.S.), Mazor Robotics (Israel) |
Key Market Opportunities | New product launches and R&D Amongst major key Players |
Key Market Drivers | Rising healthcare expenditure and growing demand for robotic surgery are boosting market growth |
The robotic flight simulator surgery market is predicted to grow at an 12.7% CAGR between 2022-2030.
North America is predicted to command the highest share in the robotic flight simulator surgery market.
Rising healthcare expenditure and growing demand for robotic surgery are boosting market growth.
Risks related to robotic surgeries and high price may restrict market growth.
Key players have adopted several strategies to maintain dominance in the robotic flight simulator surgery market such as partnerships, mergers, collaborations, agreements, expansions, and others.
Key Questions Answered
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