The Global Haptic Feedback Surgical Environment market is projected to grow at a CAGR of around 14.6% during the forecast period of 2022-27, says MarkNtel Advisors in their recent research report. The major factors contributing to the market growth are the rapid adoption of haptic technology in the surgical environment & the advancements in the raw materials used in haptic technology.
Furthermore, the use of haptic technology in healthcare applications such as surgical robotics, allied health professions, dentistry, anesthesiology, surgical interventions, and radiology has elevated drastically. The use of haptic technology provides the medical practitioner with a tangible experience that improves hand-eye coordination and depth perception, allowing them to reduce the risk to the patients during Minimal Invasive Surgery (MIS). However, haptic devices are not suitable for everyone, as they require a tremendous amount of dexterity and have a limited workspace. Thus, the implementation of this technology in a medical device is a very complex and technical process, which could further restrain the market growth in the coming years.
Moreover, medical simulators with haptic technology are used for medical training, which improves trainees' accuracy & precision. The haptic system reduces training completion time & helps to reduce surgical errors, which increases its adoption by training centers. Furthermore, rising R&D to improve the feedback system of haptic technology and its emerging trend in medical devices have also been driving the Global Haptic Feedback Surgical Environment market.
Rapid Adoption of Haptic-enabled Surgical Robotic Systems Followed by Medical Stimulators to Drive the Market Growth
Based on the application, the market bifurcates into Haptic-enabled Surgical Robotic Systems & Haptic-enabled Medical Simulators. Among them, the Haptic-enabled Surgical Robotic Systems secured the largest share in the previous years and is anticipated to follow the same trend during the forecast period. Due to the elevated technological advancements in surgical robots, the adoption of haptic feedback technology is strengthening in healthcare applications by hospitals, research centers, and training institutes. Besides, innovative research for the integration of both haptic feedback & visual feedback signals boosts the use of haptic technology in surgical robotic systems.
Furthermore, the use of medical simulators for medical training is expected to play a significant role in the global market's growth. The increased use of VR simulation systems in training environments has heightened the need for haptic-enabled technologies to improve the user experience. When the user interacts in the virtual environment, the haptic-enabled VR simulators provide a sense of touch, which aids in understanding the tissue structures & their depth during the training period. As a result of the numerous advantages of haptic technology, its use in surgical robots and medical training procedures is growing steadily, hence fueling the demand for the Global Haptic Feedback Surgical Environment market.
With Flourishing Technological Advancements in Healthcare Sector, North America Dominates the Global Market
On the geographical front, North America owns the largest share in the Global Haptic Feedback Surgical Environment market due to several successful technological advancements in the healthcare sector of the region. Besides, the increased adoption of surgical robotic systems as well as technological breakthroughs in healthcare infrastructure, support the region's adoption of haptic technology.
Furthermore, the presence of the majority of leading players in the region continues to support the region's widespread adoption and growth of the Haptic Feedback Surgical Environment Market. Nevertheless, Europe is anticipated to be the second-largest contributor, followed by Asia-Pacific and the rest of the world, reveals MarkNtel Advisors in their research report, "Global Haptic Feedback Surgical Environment Market Analysis, 2022."
Key Competitors
The leading players in the Global Haptic Feedback Surgical Environment Market are 3D Systems Corporation, Force Dimension, Haption S.A., OrbSurgical Limited, and Moog Inc.
Key Questions Answered in the Study
Market Segmentation: