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Surgical Robotics Market Size Worth USD 9.59 Billion By 2027, Market Trends – Favorable government initiatives for surgical robots

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Surgical Robotics Market Size Worth USD 9.59 Billion By 2027, Market Trends – Favorable government initiatives for surgical robots

April 06
22:37 2021
The rise in the demand for minimally invasive surgeries among patients, improved healthcare infrastructure, and the introduction of advanced medical systems, the launch of a new robot and strategic collaboration, are key factors contributing to the high CAGR of the surgical robotics market.

Surgical Robotics Market is projected to reach USD 9.59 billion in 2027. Rise in automation in the healthcare sector, high demand for minimally invasive treatments, and adoption of advanced technology in both developed and developing economies are expected to boost the surgical robotics and navigation market growth.

The major reason for non-compliance of surgical procedures is pain assisted with invasive method. To acquire the major user acceptance market players in surgical robotics and navigation market are more focused in developing non-invasive and portable robotic platform. For instance, Versius Robotic System from CMR Surgical a UK based company has been used by NHS surgeons for minimal access surgery (MAS) in 2019. The portable design of robotic device permits free movement within ward and between various hospitals also help easy access in keyhole surgery.

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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.

Some of the Key Players of this Market include:

Medrobotics, Procept BioRobotics, Verb Surgical, DePuy Synthes, BrainLab, Titan Medical, Zimmer Biomet, Globus Medical, Auris Health, TransEnterix, Globus Medical, CMR Surgical, Getinge, Blue Belt Technologies, and ELMED Medical, among others.

Furthermore, the report divides the Surgical Robotics market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.

Type Outlook (Revenue: USD Billion; 2017-2027)

  • Neurosurgery
  • Spinal surgery
  • ENT Surgery
  • Orthopedic Surgery
  • Robotic Radiosurgery System
  • Others

Applications Outlook (Revenue: USD Billion; 2017-2027)

  • Pediatrics
  • Adults
  • Geriatrics

End Use Outlook (Revenue: USD Billion; 2017-2027)

  • Hospitals
  • Ambulatory Care Centers
  • Others

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The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:

  • 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)

Overview of the Surgical Robotics Market Report:

  • Introduction, Product Scope, Market Overview, and Opportunities
  • Analysis of the Manufacturers with sales, revenue, and price analysis
  • Comprehensive analysis of the competitive landscape
  • Extensive profiling of the key competitors along with their business strategies and market size
  • Regional analysis of the market along with sales, revenue, market share, and global position
  • Country-wise analysis of the market along with types, applications, and manufacturing
  • Strategic recommendations to established players as well as new entrants
  • In-depth analysis of the risks, restraints, and limitations in the Surgical Robotics industry

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