Surgical Robots or Robotic surgery has many advantages over traditional open surgery like more accuracy, less pain, small insertions and many more. With the help of surgical robots, surgeons can perform remote surgeries. In emergencies, they are even able to perform surgical procedures through telesurgery with remotely operated robots using imaging devices.
The global surgical robots market was valued at USD 3556.9 million and is expected to reach a value of USD 10,973.2 million by 2023, registering a CAGR of +22% during 2018-2025.
A comprehensive overview of the global Surgical Robots market presented with current statistics, historical records and futuristic developments. It also estimates the major trends in the global market and how these trends make an impact on market growth. The key segments of the global market are also explained in the research report.
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Think Surgical, Inc., Zimmer Holdings, Inc., Accuray, Hansen Medical, Inc., Mazor Robotics, KUKA AG, Medrobotics, MAKO Surgical Corp., Intuitive Surgical, Inc., Renishaw plc, Stanmore Implants Worldwide Ltd, Medtech S.A., Johnson and Johnson, Blue Belt Technologies, Inc. and Medtronic.
Although Asia-Pacific lags behind North America and Europe in terms of the number of surgical robots installed in the region, by the end of the forecast period, the region will account for a higher share in the global surgical robots market than Europe. Some of the key factors fuelling the growth of the Asia-Pacific market are the developing infrastructure, investment in the healthcare sector, emergency in large numbers of private healthcare providers, and penetration by the number of the large global healthcare providers in the region.
Also, the North American surgical robots market will remain the largest during the forecast period. The region is further predicted to observe significant growth during the forecast period in the global market owing to technological upgrades and large capital invested in research and development activities.
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Surgery Types Covered:
- Orthopedic surgery
- Urological surgery
- Head and Neck Surgery
- General surgery
- Gynecological surgery
- Surgical systems
Orthopedic surgery is anticipated to be the fastest growing application during the forecast period. System-related services are projected to be the fastest growing segment, due to the increasing need for technical systems support and product parts replacements.
The rising need for automation in the healthcare sector and rising demand for minimally invasive surgeries and minute robotics are the factors driving the market growth. However, accidental injuries due to broken devices and system errors are expected to hinder the market.
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The global competitive landscape has been elaborated on the basis of the analysis of several companies. For effective analysis of different tools such as Porter’s five and SWOT analysis has been used. This research report also looks at the latest developments in technologies and business sectors like Healthcare IT. To explore the global opportunities numerous techniques have been listed in the report.