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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Abdominal surgical robot is an advanced robotic technology for complex surgery procedures. Surgical robots are controlled by computer programs and helps to position surgical instruments during surgery. Abdominal surgical robot has replaced the traditional open surgery with minimal invasiveness. Furthermore, abdominal surgical robot provides better benefits to the patients such as reduced pain and discomfort, faster recovery, reduced blood loss, and require shorter hospitalization period. Abdominal surgical robots can be used for general surgery, urologic surgery, and gynecological surgery.

Surgeons use computer to control and direct the surgical robot for tasks such as inserting instrument into human body, 3-D image view of inner body using endoscope, and matches doctors’ hand movements to perform the surgery using tiny instruments attached with robot.

Global Abdominal Surgical Robots Market: Drivers

The global abdominal surgical robots market is expected to experience significant growth over the forecast period due to increasing approval of robotic and surgical navigation systems by the U.S. Food and Drug Administration (FDA) to perform complex spinal surgeries. For instance, in March 2019, the U.S. Food and Drug Administration (FDA) approved ROSA ONE Spine System of Zimmer Biomet. ROSA ONE Spine System is used as robotics as well as navigation technology solution and helps to perform complex spine procedures.

Furthermore, in March 2018, the U.S. Food and Drug Administration (FDA) provided approval to Auris Health, Inc for its Monarch Platform, which is a flexible robotic endoscopic platform used for the treatment of lung cancer.

Moreover, in April 2017, Intuitive Surgical received CE Mark approval in Europe for its Da Vinci X Surgical System, which provides surgeons an advanced set of instruments to perform robotic-assisted minimally invasive surgery at lower cost. Therefore, increasing number of approval of robotic and surgical robotic, and surgical navigation system by various companies is expected to boost the global abdominal surgical robots market growth.

The increasing investment for abdominal robotic surgery by companies is also boosting the abdominal surgical robots market growth. For instance, on January 8, 2020, US$ 20 million was raised by Virtual Incision Corporation for abdominal robotic surgery.

Global Abdominal Surgical Robots Market: Restraints

However, high cost associated with surgical robotic procedure still remains one of the major factors restraining the global abdominal surgical robots market growth. For instance, cost of robotic surgical procedure is between US$ 3000 to US$ 6000, which is higher than the traditional laparoscopic surgery.

Moreover, due to the bulky size of robotic system, it is not easily portable, which is another factor hampering the global abdominal surgical robot market growth.

Global Abdominal Surgical Robots Market: Regional Analysis

North America is expected to hold the largest market share in the global abdominal surgical robots market over the forecast period due to increasing approval of robotic and surgical navigation systems by the U.S. Food and Drug Administration (FDA) to perform complex surgeries. For instance, in November 2018, the U.S. Food and Drug Administration (FDA) approved Medtronic’s Mazor X Stealth Edition, which is used for complex spinal surgery. Furthermore, in January 2019, the first U.S. patient was treated for spine surgery using the Mazor X Stealth Edition.

Europe holds the highest CAGR due to increasing launch of robotic and surgical navigation systems by companies in this region. For instance, in March 2019, Navio Surgical System, which provides multi-asset digital surgery and robotic ecosystem, was launched by Smith & Nephew.

Global Abdominal Surgical Robots Market: Key Players

Key players operating in the global abdominal surgical robots market include Auris Health, Inc., Virtual Incision Corporation, Restoration Robotics, Inc. Medtronic plc, Smith & Nephew, THINK Surgical, Inc., TransEnterix Surgical, Inc., Intuitive Surgical, Accuray Incorporated, and Stryker Corporation.

Market Taxonomy:

On the basis of product type, the global abdominal surgical robots market is segmented into:

  • Remote Control
  • Voice Control

On the basis of application, the global abdominal surgical robots market is segmented into:

  • General surgery
  • Urologic surgery
  • Gynecological surgery
  • Other

On the basis of end user, the global abdominal surgical robot market is segmented into:

  • Hospital
  • Clinics
  • Ambulatory Surgical Centers
  • Others

On the basis of region, the global abdominal surgical robot market is segmented into:

  • North America
  • Latin America
  • Europe
  • Middle East
  • Asia Pacific
  • Africa
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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users