Global Surgical Robots Market is expected to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of XX%.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Surgical Robots Market Dynamics
Surgical robots involve a camera arm and mechanical arms with surgical instruments, which are controlled by surgeons on a computer console that offers high definition and magnified 3-D view of the surgical site. Surgical robots aids in performing numerous complex surgical procedures with more flexibility, precision, and is more efficient than conventional surgical procedures.
The key factors driving the growth of the surgical robotics market are, the rising need for automation in the healthcare industry and the shifting trend towards advanced robotic surgeries. Other driving factors of the surgical robots market are, the increasing demand for minimally invasive surgeries, the rising rate of chronic diseases, increasing awareness regarding computer-aided surgeries, and increasing disposable income of the masses. Trained doctors are required to operate the surgical robots. Hours of practice are required to master artificial haptic feedback and hand-eye coordination which are the challenges of the surgical robots market.
Global Surgical Robots Market Segment Analysis
The instruments and accessories segment has acquired the highest market value in the year 2019 and is anticipated to grow at the highest CAGR during the forecast period. However, it is the services, including maintenance and up-gradation segment which are projected to grow at the highest CAGR 12.99%, during the forecast period.
By brand, Da Vinci Surgical System is dominating the global surgical robots market. The Da Vinci System has been designed to advance upon conventional laparoscopy, in which the surgeon operates while standing by using hand-held, long-shafted instruments, which have no wrists. With conventional laparoscopy, the surgeon must look up away from the instrument to a nearby 2D video monitor to view the target anatomy.
Global Surgical Robots Market Regional Insights
Region-wise, Asia-Pacific is poised to record the highest growth rate in the world, owing to the growing demand in countries such as India, China, and Japan. With the growth of the overall robotics market in the region headed by technology giants, like Japan and China, the availability of medical robots has also improved. In 2019, a surgical robot performed the world’s first fully automated dental implant in China.
Global Surgical Robots Market, Key Highlights:
• Global Surgical Robots Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Surgical Robots Market
• Global Surgical Robots Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Surgical Robots Market strategic analysis with respect to individual growth trends, future prospects along the contribution of various sub-market stakeholders have been considered under the scope of the study.
• Global Surgical Robots Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Surgical Robots Market are also profiled.
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Global Surgical Robots Market Scope: Inquire before buying
Global Surgical Robots Market, by Brand
• da Vinci Surgical System
• Cyber Knife
• Rosa
• MAKO
• Renaissance
Global Surgical Robots Market, by Product
• Systems
• Instrument and Accessories
• Service
Global Surgical Robots Market, by Application
• General Surgery
• Urology
• Orthopaedic
• Neurosurgery
• Cardiovascular
• Gynaecology
• Radiology
• Transplant
• Gastro-intestinal
Global Surgical Robots Market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• South America
Global Surgical Robots Market Key Players
• Smith & Nephew Plc. (Blue Belt Technologies, Inc.)
• Auris Surgical Robotics, Inc. (Hansen Medical Inc.)
• Intuitive Surgical, Inc.
• KUKA AG
• Stryker Corporation (MAKO Surgical Corp.)
• Mazor Robotics
• Renishaw plc
• Medtronic plc.
• THINK Surgical Inc.
• Zimmer Biomet Holdings Inc.
• Transenterix
• Verb Surgical
• Titan Medical
• Microbot Medical
• Accuray
• Medrobotics.
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