The Robotic Flight Simulator Surgery Market Size was valued at USD 0.44 Billion in 2023. The Global Robotic Flight Simulator Surgery industry is projected to grow from USD 0.47 Billion in 2024 to USD 0.82 Billion by 2032.
This exhibits a compound annual growth rate (CAGR) of 12.90% during the forecast period (2024 - 2032). Robotic flight simulator surgery introduces virtual reality fundamentals to robot-assisted surgery.
This technology provides a multi-level curriculum, designed with various levels of difficulties in surgical procedures. Thus, robotic flight simulator teaches surgeons and enables them with the required skills to perform robotic surgeries.
Surgical robots offer various advantages, including accuracy and perfection in procedures with less blood loss. This formed the background 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 major drivers for market growth during the forecast period.
In September 2022, Japan’s Ministry of Health, Labour and Welfare (MHLW) granted regulatory approval to Intuitive Surgical, Inc.’s latest surgical system – da Vinci SP.
This approval was for general surgeries, thoracic procedures not involving cardiac ones or intercostal approaches, urological procedures, gynecological cases, and trans-oral head and neck surgeries. The company’s da Vinci SP surgical system will be rolled out soon by Intuitive Japan.
Medical Microinstruments S.p.A., an Italian-based company developing robotic microsurgery technology, raised $75 million in July 2022. Deerfield Management led this round with other new investors.
These new investors included RA Capital Management and Biostar Capital. Andera Partners, Fountain Healthcare Partners, Panakès Partners and Sambatech were also part of it. The company also announced three new members joining its board of directors.
In June 2022, Intuitive Surgical started working together with Siemens Healthineers on the integration of scanning features during Ion Endoluminal procedures.
In March 2022, Quantum Surgical got FDA 510(k) clearance for Epione robot, which is intended for cancer treatment.
CMR Surgical Ltd. signed a clinical study partnership contract with France’s leading cancer research center, Institut Curie. This center is ranked among the best cancer treatment centers in the world for two years, effective September 2022.
Zimmer Biomet Holdings, Inc. was given FDA clearance for the Identity Shoulder System in September 2022. This system would be used in shoulder replacement.
DePuy Synthes Orthopaedics Company, owned by Johnson & Johnson, recently received a nod from the Israeli Ministry of Health (AMAR)'s Medical Device Division.
This approval was for VELYSTM Robotic-Assisted Solution commercialization across Israel starting February 2022. In February 2021, CMR Surgical Ltd partnered with the Institute for Research into Cancer of the Digestive System (IRCAD).
This partnership was to offer laparoscopic and robotic surgical training. Minimally invasive surgery of any kind is a specialty area at IRCAD that will allow for the utilization of the Robotic Versius Surgical Systemin training.
AOT AG attained CE certification for its contact-free bone laser cutting robot, “CARLO,” in January 2021.
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 and diabetes, boost 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 domestic R&D funded by U.S. businesses.
It also added an estimated USD 1.2 trillion in the economic output of 2014. However, factors such as the high price of surgical robots along with the risks associated with robotic surgeries are estimated to restrain 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.
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.
The key players for the Robotic Flight Simulator Surgery Market are
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, and Hansen Medical, boost market growth.
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 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 a huge patient population for chronic diseases such as cancer and diabetes.
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.
This report for Robotic Flight Simulator Surgery Market Research Future comprises extensive primary research along with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders.
This is done to gain deeper insight into the market and industry performance. The report gives a clear picture of the current market scenario, which includes historical and projected market size in terms of value and volume.
It also covers technological advancement, macro-economical and governing factors in the market. The report also gives a broad study of the different market segments and regions.
| Attribute/Metric | Details |
| Â Â Market Size 2032 | Â USD 0.82 Billion |
| Â Â CAGR | Â Â 12.90% (2024-2032) |
| Â Â Base Year | Â Â 2023 |
| Â Â Forecast Period | Â Â 2024-2032 |
| Â Â Historical Data | Â Â 2020 |
| Â Â Forecast Units | Â Â Value (USD Billion) |
| Â Â Report Coverage | Â Â Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Â Â Segments Covered | Â Â Application, Methods, End-User |
| Â Â Geographies Covered | Â Â North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Â Â Key Vendors | Â Â 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) |
| Â Â Key Market Opportunities | Â Â New product launches and R&D Amongst major key Players |
| Â Â Key Market Drivers | Â Â Rising healthcare expenditure and growing demand for robotic surgery are boosting market growth |
Robotic Flight Simulator Surgery Market Highlights:
Frequently Asked Questions (FAQ) :
The robotic flight simulator surgery market is predicted to grow at an 12.90% CAGR between 2024-2032.
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.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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