The research and analysis conducted in Surgical Robots Market report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This marketing report has been designed in such a way that it provides very evident understanding of the business environment and Healthcare industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Surgical Robots Market report is provided that covers many work areas.
Market expectations for likely development openings have been mentioned clearly in the world class Surgical Robots Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in the finest Surgical Robots Market report.
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)
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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
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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
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