AI-based Surgical Robots Market Size 2023, Growth Drivers, Industry Share, Latest Trends, Scope, Business Challenges, Opportunities and Future Competition Till 2033: SPER Market Research
Artificial intelligence is used in surgical robotics. Manufacturers understand that automation needs data from deep learning models rather than behaviour coded by engineers who might not have experience with all possible scenarios. By watching surgeons perform their procedures, data for this deep machine learning was collected. With this data and advanced algorithms, AI can spot patterns in surgical procedures to improve best practices and increase the submillimetre precision of a surgical robot’s control. In order to examine scans and identify cancer instances, AI and machine vision are also being utilised. Laparoscopic video analysis enables the real-time identification of unexpected or absent phases in surgical operations, such as sleeve gastrectomy procedures.
According to SPER market research, ‘AI-based Surgical Robots Market Size– By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global AI-based Surgical Robots Market is predicted to reach USD 39.91 billion by 2033 with a CAGR of 18.81%.
The market for AI-based surgical robots is expanding due to increased investment in healthcare infrastructure, the demand for less invasive operations, and advancements in machine learning and artificial intelligence technology. This technology is being used more and more, mostly as a result of the ageing population and the rise in chronic illnesses that require surgery. The use of AI-assisted surgical robots is expected to increase in the next years as they assist surgeons with voice recognition, problem-solving, and decision-making. It is anticipated that the increasing concern over the global scarcity of medical professionals would lead to a rise in the application of AI-powered surgical robots, hence propelling market growth. Furthermore, a growing trend towards performing medical treatments using technology-based methods rather than traditional ones will fuel market expansion.
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The primary barriers are the expensive cost of robotic surgery systems and the lack of general technical expertise needed to operate such complex machinery. The complexity of the robots makes maintenance and repairs extremely challenging. Additional challenges exist for developers and healthcare providers when it comes to ensuring cybersecurity and data protection in AI systems. There’s also room for more innovation, like adding 3D graphics and enhancing the tactile feedback. The untapped potential in emerging countries and ongoing research yielding flexible applications across a variety of surgical specialisations point to substantial industry expansion in the years to come.
Impact of COVID-19 on Global AI-based Surgical Robots Market
The COVID-19 pandemic has resulted in a worldwide lockdown, which has posed significant hurdles for the surgical robot business based on artificial intelligence. Elective surgeries were delayed or postponed worldwide to prioritise treating Covid patients and reduce the pace of infection spread. This led to a decline in the number of new products that healthcare facilities purchased. However, when restrictive laws are removed, a shift towards robotic surgery becomes apparent. Because they save surgical times, decrease patient infections, and necessitate less communication between patients and medical staff, robots in surgery are predicted to become increasingly frequent.
AI-based Surgical Robots Market Key Players:
Geographically, North America accounted for the largest revenue share due to the region’s well-established medical infrastructure and increasing use of contemporary medical technologies. Growing AI-based robotic devices and the growing number of significant participants in the US market are also contributing to the expansion. Furthermore, it is projected that the increased use of robotically assisted operations with AI capabilities and minimally invasive surgical techniques will accelerate market expansion in North America. Additionally, some of the key market players are Medrobotics Corporation, Medtronic, plc, Smith and Nephew, Stereotaxis, Inc., Stryker Corporation, Titan Medical, Inc. and others.
Global AI-based Surgical Robots Market Segmentation:
By Type: Based on the Type, Global AI-based Surgical Robots Market is segmented as; Instruments & Accessories, Services
By Application: Based on the Application, Global AI-based Surgical Robots Market is segmented as; Gynaecology, Neurology, Orthopaedics, Urology
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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AI-based Surgical Robots Market Scope
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