Fri - July 29, 2016
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The problem with robotic surgery lies in the absence of competition. With a limited number of dominant players in the market, the lack of competition can hinder innovation, drive up costs, and restrict access to this advanced technology. The monopoly-like control enjoyed by a few companies reduces the incentives for continuous improvement, resulting in slower advancements and limited options for patients. Moreover, the high costs associated with robotic surgical systems create barriers for smaller healthcare facilities to adopt this technology, further exacerbating the problem. Increased competition could promote affordability, spur innovation, and enhance patient care in the field of robotic surgery.
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