Surgical Robots Market Size, Opportunities, Trends, Key Players, Products, Revenue Analysis, For 2019–2030

 

According to the current analysis of Reports and Data, the global Surgical Robots Market was valued at USD 4.94 Billion in 2019 and is expected to reach USD 11.90 billion by the year 2030, at a CAGR of 10.3%. Surgical Robots include surgery assisted by robots added with the systems to reduce human errors like trembling while doing operations. It is a technological advancement that has a concern to shift over to minimally invasive surgical procedures. Surgical Robots has a tremendous potential to grow, as the physical presence of the surgeon is not necessary. In Surgical Robots, the primary market driver is technological advancement, and a hike in road accidents is expected to fuel the market growth during the forecast period. For instance, according to the numbers given by the Association for Safe International Road Travel (ASIRT) in 2018, about 20-30 million get injured or disabled in road accidents every year. The escalating accidental ratios and the need to have better aesthetics would propel market growth.

Furthermore, the rise in the geriatric population and upsurge in demand for minimally invasive surgical procedures over the traditional methods of surgical procedures are anticipated to fuel the industrial growth in the coming years. In addition, the surge in the initiatives taken by the government for awareness regarding such procedures and an increase in the spending capacity of an individual is expected to help the industry to gain traction in the near future.

However, the high cost associated with robotic surgical operations is expected to hamper the Surgical Robots market. Additionally, the rise in death rate and injuries due to robotic surgeries may impede the growth of the Surgical Robots market.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2764

The global Surgical Robots market is highly fragmented with major players like Intuitive Surgical, Stryker, Mazor Robotics, Smith & Nephew, Hansen Medical, Renishaw, Transenterix, Think Surgical, Medtech, and Zimmer Biomet.

Further key findings from the report suggest

  • The global leaders are competing to innovate the products to have the largest share in the market. For instance, in December 2017, Think Surgical Inc. announced that the U.S. Food and Drug Administration had granted clearance for it to market the Solution One system for total knee replacement in the U.S. The robot had earlier received CE Marking, and surgeons have used it in more than 550 procedures in the Asia-Pacific and European markets.
  • The competition in Surgical Robots is very high due to the increase in the need for minimally invasive procedures. The companies now are making agreements for penetration in the market. For instance, In May 2018, Stereotaxis Inc. and Acutus Medical declared collaboration and signed an agreement to integrate the Niobe Magnetic Navigation System with Acutus Medical AcQMap, a High-Resolution Imaging and Mapping System. This technology integration helps the patient to allow better improvement of patient care and physician experience.
  • In 2019, Stryker acquired Cardan Robotics and Mobius Imaging to spread its hands-on Orion robotics and navigation system for surgical and interventional radiology. The expansion of the companies to ensure better systems and accessories to be installed for Surgical Robots is expected to fuel the growth of the market in the forecast period.
  • According to the World Health Organization in 2019, it is observed that there were about 703 million people aged 65 years and above in the world in 2019 and is estimated to double to 1.5 billion by 2050. The increasing geriatric population would owe to push up the growth of Surgical Robots, especially in the orthopaedic segment of the application.
  • According to the estimates given by the Association for Safe International Road Travel (ASIRT) in 2018, about 20-30 million get injured or disabled in road accidents every year. The need for having better aesthetics and an increase in the spending capacity of the individuals will help the market to gain traction in the coming years.

Browse Complete Report “Surgical Robots Market” @ https://www.reportsanddata.com/report-detail/surgical-robots-market

For the purpose of this report, Reports and Data has segmented the Surgical Robots market on the basis of components, applications, end-use & regional classification:

Components Outlook (Revenue, USD Billion; 2019–2030)

  • Robotic System
  • Instruments & Accessories
  • Services

Applications Outlook (Revenue, USD Billion; 2019–2030)

  • Orthopedic Surgery
  • Neurosurgery
  • Gynecologic Surgery
  • Cardiothoracic Surgery
  • Urology
  • General Surgery
  • Plastic Surgery
  • Others

End-use Outlook (Revenue, USD Billion; 2019–2030)

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Market Segmentation by Regions:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/2764

Key insights presented in the report:

·        Market revenue shares by major business players, by type, application, and market scope of global Surgical Robots market

·        Sales revenue by key players and new entrants

·        Competitive analysis of key players, including company overview, product or services specification, vendors, and buyers.

·        Recent mergers, acquisitions, product launches, recent investments, and joint ventures

·        Regional analysis to provide insight into recent trends and opportunities

Thank you for reading our report. For customization inquiry or further information, please connect with us, and we will ensure you get the report that meets your requirements.

Browse Related Reports:

Fiber Cement Board Market Share

Water Quality Monitoring Equipment Market Size

Pressure Vessel Market Outlook

Flooring Market Analysis

Single-Ply Roofing Market Industry

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyse consumer behaviour shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Power and Energy, and Chemicals. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

the latest trends existent in the market.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-surgical-robots-market

Comments

Popular posts from this blog

Frozen Food Packaging Market Size, Major Strategies, Key Companies, Revenue Share Analysis, 2018–2028

Solar Energy Market Growth, Industry Analysis | Global and Regional Market Forecast to 2021-2030

Linerless Labels Market Size, Competitive Landscape, Revenue Analysis, 2017–2027