Global Surgical Robotics Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030

Robotic surgery known as robot assisted surgery is an advanced medical technology which help surgeons to perform complex surgeries with more accuracy, control, and flexibility as compared to conventional surgeries. It is combination of equipment, accessories, and software that involves partial interference or complete dependence on specially devised machine which carries out surgical operations. Furthermore, robotic surgery is enhancing surgeries by offering improved precision and stability. Robots can perform complex surgery with geometrical precision, even in anatomical areas that are difficult to reach by surgeons which is further encouraging patients and surgeons to utilize robots for surgery. It is anticipated that the availability of evaluated and approved clinical data, by improving the blood loss during surgery, offering less complication related to infection on surgical sites, less pain, faster recovery and among others are some of the factors that are positively impacting on market growth during the forecast period. Surgical robotics market is valued at 6.60 million USD in 2020 as is expected to reach 20.8 million USD by 2030 growing with the CAGR of 12% during the forecast period.
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Market Dynamics and Factors:
Increasing need for automation in healthcare, rise in chronic diseases, rise in geriatric population, complexity of surgical procedures, rise in demand for minimal invasive surgeries, rise in geriatric population, rise in chronic disease leads to increase in automation of healthcare are some of the major driving factors that are positively influencing the surgical robotics market growth in near future. In addition to this, due the accuracy implant positioning by lower risk of error, less complication, less pain surgeons are repeatedly using robotics in orthopedic surgery like hip replacement and musculoskeletal which is triggering the growth of market during the forecast period. Furthermore, emerging technology of nano robotics to unclog arteries and cardiovascular catheter based robots, which make smaller incision and minimize blood loss are some of the potential opportunities that are positively influencing the growth of surgical robotics market. However, high cost of machine installation, lack of trained man power, safety concerns are hindering the surgical robotics market growth in near future.
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Market Segmentation:
Global Surgical Robotics Market – By Component
Systems accessories
Services
Global Surgical Robotics Market – By Application
Gynaecology
Neurology
Cardiovascular
Orthopaedics
Others
Global Surgical Robotics Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Geographically, surgical robotics market is segmented into North America, Europe, Asia Pacific, and RoW. North America is dominating the surgical robotics market due to increase in acceptance of robotic surgery by patients and surgeons, advanced healthcare infrastructure, collaboration with insurance companies and among others. Asia Pacific is the second largest market in terms of revenue due to rapid development of robotic surgical systems, increase in the number of surgeries in India and China.
Competitive Scenario:
Some of the key players of surgical robotics surgery market are Medtronic Inc, MAKO Surgical Corporation, Blue Belt Technologies, Hansen Medical Inc, Intuitive Surgical Inc, Curexo Technology Corporation, and Think Surgical Inc, KUKA AG, Mazor Robotics, and Renishaw plc
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Surgical Robotics industry, although key threats, opportunities and disruptive technologies that could shape the Global Surgical Robotics Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Surgical Robotics Market most.
The data analysis present in the Global Surgical Robotics Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Surgical Robotics Market business.
The 2021 Annual Global Surgical Robotics Market offers:
100+ charts exploring and analysing the Global Surgical Robotics Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Surgical Robotics Market type
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