Snake robot devices market expected to grow to $2.3 billion

Press Release   •   Jul 16, 2012 12:20 BST

The snake robot devices market reached a value of $15.5 million during 2011, and by 2018 this amount is expected to grow to $2.3 billion. Market growth is anticipated to be driven by the introduction of new devices, systems and instruments which are able to manage access to difficult spaces through small ports when large openings are unavailable or inconvenient.

On a global scale the snake robot devices market is forecast to experience high growth rates as next generation units provide a unique movement mechanism and offer systems that provide a way to significantly improve traditional open surgery.

The automated process revolution in surgery and communications is being implemented via robots. Robots are automating systems, providing significant improvement in the accuracy of surgery and penetration of spaces that were previously impenetrable.

The aging US population has supported demand for robotic surgical instruments, since the occurrence of health issues that require medical devices is higher in the elderly population. Buoyed by strong demand and sales, industry profit margins have increased.

The snake robot devices market is offering a new technique for robotic movement that will benefit users by providing efficient access to difficult spaces. Therefore, a company that gets an early grip on the market will have a significant strategic advantage.

The fact that robotic snakes can access spaces previously unreachable is driving demand for snake robot systems. Since robotics provide a precise, repeatable and controlled ability to perform procedures in tight spaces, they are increasingly in demand.

For more information on the snake robot devices market, see the latest research: Snake Robot Devices Market

Follow us on Twitter @CandMResearch issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.