Surgical Robots Market Size 2023-2028, Industry Trends and Latest Insights
IMARC Group has recently released a new research study titled “Surgical Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Market Overview:
The global surgical robots market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2028, exhibiting a growth rate (CAGR) of 18.2% during 2023-2028.
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Industry Definition and Application:
Surgical robots are technologically advanced systems designed to assist surgeons during complex procedures by providing precise and minimally invasive techniques. They are equipped with advanced imaging capabilities, robotic arms, and surgical instruments that can be controlled by a surgeon from a console. They offer increased precision, dexterity, and accuracy, enabling surgeons to perform intricate procedures with enhanced efficiency and reduced risks.
Surgical robots are widely used in various surgical specialties, such as cardiac surgery, urology, gynecology, general surgery, orthopedics, and neurosurgery. They also offer features like 3D visualization, magnification, and robotic assistance to perform intricate procedures with greater ease.
What are the growth prospects and trends in the industry?
The increasing prevalence of chronic diseases and the growing geriatric population across the globe are one of the key factors creating a positive outlook for the market. Surgical robots offer significant advantages in performing complex procedures such as cardiac, urological, gynecological, and gastrointestinal surgeries, leading to improved patient outcomes and shorter recovery times. In line with this, the rising adoption of minimally invasive surgeries (MIS) is propelling the market growth.
Apart from this, rapid technological advancements in robotic technology, including improved imaging systems, haptic feedback, and machine learning algorithms, allow real-time data analysis and enhance surgical precision providing a considerable boost to the market growth.
Furthermore, various healthcare providers are investing in surgical robots to optimize surgical procedures and minimize postoperative complications, which is positively influencing the market growth. Other factors, including rising expenditure capacities of consumers and enhanced focus on research and development (R&D) activities, are anticipated to drive the market growth.
Surgical Robots Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the surgical robots market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Accuray Incorporated
- Auris Health Inc.
- CMR Surgical
- Corindus Vascular Robotics
- Intuitive Surgical
- Maxar Technologies Limited
- Mazor Robotics Ltd.
- Medrobotics Corporation
- Medtronic
- Renishaw
- Smith & Nephew
- SRI International Inc.
- Stryker Corporation
- Think Surgical
- Transenterix Inc.
- Verb Surgical
- Zimmer Biomet
Key Market Segmentation:
The report has segmented the global surgical robots market based on product, application, end user and region.
Breakup by Product:
- Robotic Systems
- Instruments and Accessories
- Services
Breakup by Application:
- Gynecological Surgery
- Urological Surgery
- Neurosurgery
- Orthopedic Surgery
- Other Applications
Breakup by End-User:
- Hospitals
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2043&flag=C
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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