The Surgical Robots Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Surgical Robots Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global surgical robots market report has been segmented on the basis of type, component, application, and region.
In the age of healthcare reform, medical knowledge with aid of information technology has given rise to the concept of robotically-assisted surgery or surgical robot. By using surgical robots, surgeons can perform delicate and complex operation procedures that may be difficult to perform by traditional techniques.
Surgical Robots Market Overview:
The Global Surgical Robots Market was valued at $4.2 billion in 2021 & is projected to reach $26.8 billion by 2027. It is expected to grow at a 16.7% CAGR between 2021 and 2027.
A surgical robot system is a fusion of various core technologies such as robot technology, sensor technology, navigation technology, and surgical tool technology.
Surgical robots are widely used in different therapeutic are including neurological, urological, gynecological, cardiothoracic, and general surgical procedures The objective of using robots in a surgical procedure is to provide improved diagnostic abilities, a less invasive and more comfortable experience for the patient.
The trained surgeon sits at a computer station and directs the movements of a robot and carries out the surgical procedure with aid of robots. US Food and Drug Administration (FDA) has approved nearly 4000 surgical robots serving more than 1.5 million patients undergoing robotic surgeries globally.
Increasing demand for minimally invasive surgery, less complication on the site of surgery, lower rate of blood transfusion, quicker recovery, less noticeable scars, increasing prevalence of chronic disease, increasing in geriatric population, and improving the quality of medical treatment and patient care with the coupling of medical knowledge with IT is the drivers boosting the global surgical robots market.
The need for skilled and trained surgeons to operate, and the cost of the robotic surgical procedure and machine - including installation and service fees are high as compared to traditional techniques are the factors hindering the growth of the surgical robots market worldwide.
The clinical robotic surgical system includes a camera arm and mechanical arms along with surgical instruments are the most commonly used robot types while performing robotically-assisted surgeries. The camera arm helps the surgeons in a high-definition, magnified, 3-D view of the surgical site while mechanical arms with instruments help in performing operation procedures.
Technological innovations such as the capsule robot system, the US Food, and Drug Administration (FDA) approving ‘Senhance System', a robotically-assisted surgical device (RASD) for the facilitation of minimally invasive surgery on adult patients, and robot dentists performing operations without any input from humans are some current trends in surgical robots market.
North America especially the U.S. market is the dominant market with nearly about 140,000 robot aid surgeries in 2015. Europe is becoming a powerhouse in the medical technology market and more companies are investing heavily in this sector.
The market in the Asia Pacific is projected to emerge market due to the increasing prevalence of chronic disease boosting the growth of the global surgical robots market. Global companies are moving into the surgical robots market through mergers and acquisitions as well as cooperation.
Global Surgical Robots Market Segmentation:
Global surgical robots market segmentation by components:
- Surgical system
Global surgical robots market segmentation by application:
- General surgical procedures
- Orthopedic Surgery
- Others include (cardio vascular, cardiothoracic, dental)
Global ophthalmic surgical technologies market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Intuitive Surgical, Inc.
- Blue Belt Technologies, Inc..
- Medrobotics Corporation
- TransEnterix, Inc.
- Titan Medical Group, LLC
- Think Surgical Inc.
- Med-Tech Inc.
- Verily Life Sciences, LLC.
- Auris Surgical Rootics, Inc.
- Stryker GmbH & Co. KG.
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