Surgical Robots Market report is the broad market research report which studies the challenges, market structures, opportunities, driving forces, emerging trends, and competitive landscape of Healthcare industry. Moreover, the report revises general market conditions, estimates market share and possible sales volume of Healthcare industry, figure out the probable market for a new product to be launched and discover the most appropriate method for the distribution of certain product. By taking into consideration specific base year and historic year, calculations in the report have been performed which interprets the market performance in the forecast years by giving information about what the market definition, classifications, applications, and engagements are.

Surgical robots market, which was USD 4.4 billion in 2022, is expected to reach USD 16.54 billion by 2030, at a CAGR of 18% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Surgical robots are computer-controlled devices for minimally invasive (MI) and laparoscopic procedures. They can perform tough surgeries by mimicking the physician's hand movements with miniature surgical devices that can fit through small incisions. Compared to traditional operations, these robots offer a faster recovery time, less post-operative discomfort, and a minimized risk of infection and scarring. These robotics has recently been used in minimally invasive surgeries.

Opportunities

·         Increasing Strategic Initiatives by Market Players

Numerous industrial strategic initiatives by top international market players are expected to accelerate market growth in the coming years. For instance, Ethicon, a subsidiary of Johnson & Johnson, acquired Auris Health, a robotic technology platform manufacturer, in 2019. This acquisition aims to support the expansion of Ethion's digital surgery portfolio to prevent lung cancer. In addition, in 2019, Stryker corporation acquired OrthoSpace, Ltd., which has assisted in growing the company's surgical equipment portfolio. Thus, this factor boosts market growth.

·         Increased Rate of Osteoarthritis

As per the Agency for Healthcare Research and Quality, over 4,50,000 hip replacement surgeries are performed annually in the U.S. As per AIHW statistics, osteoarthritis's total knee replacement rate increased by around 38% between 2005-2006 and 2017-2018. Additionally, the increasing incidence of degenerative bone diseases and the growing number of hip and knee replacement surgeries due to arthritis and osteoporosis are enhancing the market growth.

Some of the major players operating in the global surgical robots market are:

·         Intuitive Surgical Inc (U.S.)

·         Stryker (U.S.)

·         Medrobotics Corporation (U.S)

·         Johnson & Johnson Private Limited (U.S.)

·         Globus Medical (U.S.)

·         NuVasive Inc. (U.S.)

·         Smith + Nephew (U.K.)

·         Titan Medical Inc (Canada)

·         TransEnterix Inc (U.S.)

·         University of Pittsburgh Medical Center (U.S.)

·         Mazor Robotics (Israel)

·         Auris Health Inc. (U.S.)

·         Corindus Inc. (U.S.)

·         Renishaw plc (U.K.)

·         Medineering GmbH (Germany)

·         Medtronic (Ireland)

·         Renishaw plc. (U.K.)

·         Preceyes BV (Netherlands)

·         MicroSure (Netherlands)

·         avateramedical GmbH (Germany)

·         Siemens (Germany)

Global Surgical Robots Market Scope

The global surgical robots market is segmented on the basis of product type, brands, application and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

·         Instruments

·         Robotic Systems

·         Accessories and Services

 Brands

·         DA Vinci Surgical System

·         CyberKnife

·         Renaissance

·         Artas

·         ROSA

·         Others

 Application

·         General Surgery

·         Urological

·         Gynaecological

·         Gastrointestinal

·         Radical Prostatectomy

·         Cardiothoracic Surgery

·         Colorectal Surgery

·         Radiotherapy

·         Others

End-Users

·         Clinic

·         Hospital

·         Ambulatory Care Centers

·         Others

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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How Does the Report Aid Your Business Discretion?

·         This section of this Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt

·         The report unravels details on pronounced share assessments across both country-wise as well as region-based segments

·         A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans

·         New player entry analysis and the scope of new business models

·         The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues

·         A detailed consultation service based on historical as well as current timelines to ensure feasible forecast predictions

·         A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments

·         Details on market estimations, market size, dimensions

·         A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high-end growth in this Market

Browse Related Reports

North America Surgical Robots Market – Industry Trends and Forecast to 2028

Europe Surgical Robots Market – Industry Trends and Forecast to 2030

Asia-Pacific Surgical Robots Market – Industry Trends and Forecast to 2028

Middle East and Africa Surgical Robots Market – Industry Trends and Forecast to 2028

Global Abdominal Surgical Robots Market - Industry Trends and Forecast to 2028

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