Global Haptic Feedback Surgical Environment Market - Analysis and Forecast, 2021-2031

May 2021| BIS505A| BIS Research

Report Highlights

Global Haptic Feedback Surgical Environment Market to Reach $101.4 Million by 2031.

Market Report Coverage - Haptic Feedback Surgical Environment

Market Segmentation

  • Application
    • Surgical Robotics
    • Medical Simulators

Regional Segmentation

  • North America
  • Europe
  • Asia-Pacific
  • Rest-of-the-World

Growth Drivers

  • Advancement in Raw Materials for Haptic Technology
  • Growing Adoption of Haptic Technology in Surgical Environment

Market Restraints

  • Technical Challenges Associated in Implementing Haptic Technology in Medical Devices
  • Limitation of Haptic Technology in VR-Based Simulator Systems

Market Opportunities

  • Adoption of Vibrotactile Feedback Mechanism in Medical Simulators
  • Increasing Research and Development Activities for Wearable Haptic Feedback Devices

Key Companies Profiled

3D Systems Corporation, Force Dimension, Forsslund Systems AB, Haption S.A., Orb Surgical Ltd., and Moog, Inc.

Key Questions Answered in this Report:

  • What is the current scenario of the global haptic feedback surgical environment market?
  • What is the total market size and forecast (until 2031) for the global haptic feedback surgical environment market?
  • What is the addressable market size and forecast based on region?
  • What is the future of haptic technology in the healthcare domain?
  • What is the analyst’s perspective on the importance of haptic technology?
  • What is the technology used for the haptic devices?
  • What is the pre-and post-COVID-19 scenario for the minimally invasive surgeries?
  • What is the patent filling trend in the last five years for haptic technology?
  • What are the key market dynamics (drivers, restraints, and opportunities) for the haptic feedback surgical environment market?
  • What is the current total market size and forecast for different application categories available in the global haptic feedback surgical environment market?
  • Which application category is anticipated to witness the highest growth rate during the forecast period?
  • What is the current total market size and forecast for the global haptic feedback surgical environment market across different regions?
  • What is the role of each company in the global haptic feedback surgical environment market?
  • What are the strengths, weaknesses, opportunities, and threats for each company in the global haptic feedback surgical environment market?

Overview on the Global Haptic Feedback Surgical Environment Market

The global haptic feedback surgical environment market is expected to grow with a CAGR of 14.6% in terms of market value, during the forecast period 2021-2031. Factors such as growing demand for technological advanced surgical robotic systems and simulators for medical training applications are fueling the growth of the market. The implementation of haptic devices in the healthcare domain is at the nascent stage and it is anticipated that this technology will be significantly adopted in the healthcare domain, especially in minimally invasive surgeries, during the forecast period 2021-2031.

Global Haptic Feedback Surgical Environment Market Forecast

The global haptic feedback surgical environment market was valued at $22.8 million in 2020 and is anticipated to reach $101.4 million by 2031, growing at a CAGR of 14.6%, during the forecast period 2021-2031. Factors such as growing demand for technological advanced surgical robotic systems and simulators for medical training applications are fueling the growth of the market. However, the factors such as low dexterity and a limited workspace of a haptic device can restrict the growth of this market and, implementation of this technology within a medical device is a very complex and technical process.

Competitive Landscape

The global haptic feedback surgical environment market consists of large-scale as well as small-scale manufacturers and vendors. Presently, the manufacturers in the market have ample number of opportunities to expand their offerings and to establish a strong foothold in the market.

There are many companies in the global haptic feedback surgical environment market some which are 3D Systems Corporation, Force Dimension, Forsslund Systems AB, Haption S.A., Orb Surgical Ltd., and Moog, Inc.

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