[ad_1]
The “Global Minimally Invasive Surgical Systems Market: Focus on Product Type, Application, End Users, 25 Countries’ Data, Patent Scenario, and Competitive Landscape – Analysis and Forecast, 2021-2031” report has been added to ResearchAndMarkets.com’s offering.
The global minimally invasive surgical systems market is estimated to be valued at $27,882.8 million in 2020 and is anticipated to reach $55,716.7 million by the end of 2031, growing at a CAGR of 6.3% during 2021-2031.
Market Drivers
Presently, the factors driving the growth of the market as per the minimally invasive surgical systems report include rising incidence of chronic diseases, increase in global geriatric population, advantages of MIS over open surgeries, increasing healthcare costs, technological advancements in surgical procedures and technologies.
Market Challenges
The challenges that are restricting the growth of the market include high cost of surgical robotics systems, shortage of skilled professionals, and restrictive reimbursement landscape.
High cost of the surgical robotic system is among the most challenging factors for the end-user to buy and treatment for patients. It has been observed that many patients prefer international travel for their surgeries to take the advantage of currency rate. Also, due to the shortage of skilled professionals have led a slight increasing the expense of the robotic surgery. Restrictive reimbursement landscape is another factor affecting the growth of the global minimally invasive surgical systems market.
Market Opportunities
Potential opportunities that is likely to boost the growth of the market include development of low-cost surgical robotic systems, development of surgical simulators for the training of professionals, and engagement in mergers and acquisitions to diversify the endoscopic portfolio.
The current radiation therapy systems have a price of around $2 million, therefore many companies are working in developing cost-effective system and even working towards the development of a low-cost surgical robotic platform. And with time, technologically advanced products are being working, researched to get an upgraded product.
Impact of COVID-19
The COVID-19 pandemic had a huge impact on elective surgical procedures in the first half of 2020. The COVID-19 pandemic has drastically impacted the daily hospital routine services on the global level. During the initial phase of the pandemic, hospitals greatly reduced or cancelled conducting elective surgical procedures for patient safety and to …
Full story available on Benzinga.com
[ad_2]
Source link
