Surgical Robotics Marketis valued around USD 66.02 Billion in 2019 and expected to reach USD 158.70 Billionby 2030 with the CAGR 8.3% over the forecast period.
Surgical Robotics is used in the surgical procedure especially inminimally invasive surgical procedures. These robots have arms which are usedfor mounting the surgical instrument to carry out the entire surgicalprocedures. These robots can be controlled by the surgeons and ensure the highaccuracy with high success rates.
Global SurgicalRobotics Market report is segmented on the basis of components, surgerytype, end user and by regional. Based upon components, the surgical roboticsmarket is fragmented into marine Systems, Services and Accessories. On thebasis of surgery type, the market is categorized into Gynecology Surgery,Urology Surgery, Neurosurgery, Orthopedic Surgery, General Surgery, and OtherSurgeries. Based on end user, the market is fragmented into hospitals andambulatory surgical centers. The regional bifurcation of countries includesNorth America, Europe, Asia-Pacific, and RoW which are further segmented intomajor countries such as U.S., UK, France, and others.
The surgical robotics market is mainly driven by the technologicaladvancement along with growing burden of targeted disorders. There has beengrowing demand for automation as well as high accuracy with high success rates ofsurgical procedures. In addition, growing demand for minimally invasivesurgical procedures owing to various advantages over conventional surgicalprocedures along with favorable reimbursement policies. On the other hand,rising healthcare expenditure as well as medical tourism is also expected toenhance the market growth. Over the period of time there has been constantdevelopment in healthcare facilities as well as infrastructure owing theongoing research & development activities may also promote the marketgrowth. However, high cost of the surgical robotics with complex technologyfollowed by lack of skilled professional are likely to inhibit the marketgrowth.
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The developed regions such as North America and Europe are expected tohold the major market share owing to the presence of advanced technology withthe presence of major market players. In addition, presence of well-developedinfrastructure with high expenditure on healthcare activities may enhance themarket growth. Asia Pacific is expected to dominate the surgical roboticsmarket in terms of growth rate owing to the rapid growth targeted disorders followedby growing demand of minimally invasive surgical procedures. Moreover,development in the healthcare facilities as well as growth in consumerawareness followed by growth in medical tourism in the region is likely topropel the market growth.
The major market players profiled in the surgical robotics marketincludes Auris Surgical Robotics, Inc. (Hansen Medical Inc.), Smith &Nephew Plc. (Blue Belt Technologies, Inc.), KUKA AG, Intuitive Surgical, Inc.,Stryker Corporation (MAKO Surgical Corp.), Renishaw plc, Medtronic plc, MazorRobotics, Zimmer Biomet Holdings Inc. and THINK Surgical Inc. among others.
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