Overview
The global surgical robots market will grow at a CAGR of 17% during the forecast period 2021 to 2027. The market for surgical robots is set to reach US$13.7 Billion by 2027. As per surgical robots market analysts, the global market is anticipated to witness growth owing to the factors such as technological advancements in surgical robots as well as the technological signs of progress. However, the surgical robots market will face challenges and restraints due to the elevated investments in procuring these robots and limited adoption during the forecast period 2016 to 2024.
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The development of tools related to surgical robots in the surgical robots market will support the growth. As per surgical robots market analysts, the surgical robots market based companies will face certain challenges during the 2021 to 2027. The surgical robots market research report provides in-depth analysis of the product type, application, end user, and control mechanism segments. The surgical robots market research report presents factors such as the lack of comfort on the patients end that could slow down the surgical robots market's growth.
Market Segmentation
The surgical robots industry has been segmented into product type, application, end user, and control mechanism. Based on the segment which is product type,, the market is categorized on the basis of cardiac surgery, colorectal surgery, general surgery, gynecologic surgery, head and neck surgery, and urologic surgery. The global market for surgical robots is further segmented based on application into robotic systems, services, and instrument & accessories. Furthermore, the market, on the basis of control mechanism is segmented into direct telemanipulator and computer control. Based on the segment which is end user, the market is categorized on the basis of hospitals and ambulatory surgical centers.
The Surgical Robots Market Size report offers comprehensive study of the surgical robots segments including product type, application, end user, and control mechanism. The analysts have also studied the surgical robots market's spread across the regional markets across many of the surgical robots market’s segments at country levels. The product type, application, end user, and control mechanism segments spread across the global surgical robots market along with the subsegments are studied. The global market for surgical robots is spread across various product and service based segments. The market for surgical robots research report highlights these key segments and offers forecasts based on primary and secondary data. The global surgical robots market research report presents key company profiles of organizations active across the surgical robots market.
Competitive Landscape
Surgical robots have seen tremendous growth, due to rising adoption of advanced medical technologies and the improvement in financing. However, high cost of surgical robots and risks associated with robotic-assisted surgeries would challenge the companies active in the surgical robots market. Furthermore, companies using growth strategies to stay ahead in the global surgical robots market are expected to help the market during the forecast period 2016 to 2024. As the surgical robots market report suggests that the surgical robots market will register a CAGR of 18.94% and reach a US$19,596.61 million by 2024, the market report highlights key areas surgical robots market based companies need to focus on. The surgical robots market research report projects a long term growth till 2024. Based on the surgical robots market’s analysis on the basis of SWOT and Porters’ Five Force Model, the surgical robots market will rise during the forecast period 2016 to 2024, however the companies need to move ahead with caution. The surgical robots market research report highlights such key areas.
Intuitive Surgical Inc., Medtronic plc, Johnson & Johnson, Google Life Sciences, Stryker Corporation, TransEnterix, Mazor Robotics, and Hansen Medical are some of the prominent players at the forefront of competition in the Global Surgical Robots Market and are profiled in MRFR Analysis.
Regional Overview
Risks associated with robotic-assisted surgeries may hinder the surgical robots market growth. The surgical robots industry research report suggests that companies in the surgical robots market could be supported by rising preference for minimally invasive surgeries as well as increase in funding for surgical robot research during the forecast period. The market for surgical robots is set to register growth at a high CAGR owing to these key factors. The surgical robots market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per surgical robots market analysts, the surgical robots market is set to witness tremendous growth across product type, application, end user, and control mechanism segments. The global surgical robots market’s North American region covers surgical robots markets across the United States, Mexico, Canada, and others. Businesses present in the surgical robots market are also profiled and their strategies have been presented in detail in the surgical robots market research report.
The surgical robots market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the surgical robots market research report provides details about the APAC region covering surgical robots markets from China, India, Australia, Japan, and others. The surgical robots market is also active across several other parts of the world. The surgical robots market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global surgical robots market.
Industry News
Medtronic has reported the acquisition of its operational robotics market Minimally Invasive Therapies Group, a private company called Digerital Surgery, which produces automated surgical instruments. The purchase arrives as a medtech giant works to sell a soft-tissue robot competing with its da Vinci robot for much of the same treatment. There have not been revealed the financial terms of the agreement. Digital Surgery said that Medtronic will retain its co-founders in leadership positions and maintain its registered office in London, where preparations are being made to further expand investment and employees.
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