Global Robotics Surgical Simulation Systems Market to Reach $1.03 Billion by 2024

FREMONT, California, Sept. 19, 2019 /PRNewswire/ -- According to a new market intelligence report by BIS Research, titled "Global Robotics Surgical Simulation Systems Market – Analysis and Forecast: 2019-2024", the market for robotics simulation systems generated $276.5 million revenue in 2018 and is projected to reach $1.03 billion by 2024. The market is expected to witness an impressive CAGR of 24.91% during the forecast period from 2019 to 2024.

Browse 08 Market Data Tables and 114 Figures spread through 182 Pages and in-depth TOC on "Global Robotics Surgical Simulation Systems Market"

Enormous incidence of surgical errors is one of the pivotal concerns of several developed economies such as the U.S., the U.K., France, Germany, Japan, and China, which are well-known for their technologically progressive healthcare systems. Currently, one in every 16 surgical procedures in the U.S. is recognized to be a surgical error. The situation gets further astonishing if the statistics associated with other developed countries from Europe and Asia-Pacific come into focus.  

Germany, France, the U.K., Japan, and China, together contributed to 23.10% of the global economic burden in 2018. In the same year, the global economic burden due to surgical errors was accounted to be $98.66 billion. The U.S is the leading contributor to the global economic burden due to surgical errors. The global surgical errors economic burden witnessed a CAGR of 6.35% in the past ten years (2008-2018).

The launch and contemporary growing prominence of surgical robots was propelled with a motivation to enhance the surgical procedures' efficiency. However, the clinical incorporation of surgical robots without optimum training can further raise the possibility of surgical errors and in turn can increase the economic burden.

BIS Research Report: https://bisresearch.com/industry-report/robotics-surgical-simulation-systems-market.html

The advancements in computational technologies accompanied by the accretion of vast knowledge associated with the human body operative procedures have made technologies such as VR surgical simulation systems a reality. The incorporation of VR simulation systems in clinical education would aid surgeons, specifically novices, to acquire best hand-eye coordination and ambidextrous surgical skills. Hence, the enhanced surgical skills assisted by the development of type-specific clinical competencies will substantially reduce the scope of surgical malpractices.