Market Research Report
Global Next-Generation Surgical Robotics Market: Analysis and Forecast, 2020-2030
|Global Next-Generation Surgical Robotics Market: Analysis and Forecast, 2020-2030|
Published: July 24, 2020
BIS Research Inc.
Content info: 295 Pages
Delivery time: 1-2 business days
Global Next-Generation Surgical Robotics Market to Reach $884.5 Million by 2030
Market Report Coverage - Next-Generation Surgical Robotics
Key Companies Profiled
Activ Surgical, Inc., AVRA Medical Robotics, Inc., CMR Surgical Ltd., Corindus Vascular Robotics, Inc. (Siemens Healthineers AG), Memic Innovative Surgery Ltd., Microbot Medical, Inc., PROCEPT BioRobotics Corporation, Vicarious Surgical Inc., Virtual Incision Corporation, and Virtuoso Surgical, Inc.
Key Questions Answered in this Report:
Overview of the Global Next-Generation Surgical Robotics Market
The global next-generation surgical robotics market is anticipated to gain significant traction in the future. Several key players are engaging in developing advanced surgical robotics, testing the capabilities of miniaturization, autonomous, and telesurgery technologies. The market for next-generation surgical robotics is at a nascent stage, with only two companies having commercialized offerings. The rest of the products by other companies are still in the investigational phase and is expected to launch during the forecast period, 2020-2030. The factors, such as increasing awareness about the advantages of surgical robotics coupled with the improving healthcare infrastructure in several economies and increasing investments & funding within the surgical robotics domain, is expected to bolster the growth of next-generation surgical robotics market.
Global Next-Generation Surgical Robotics Market Forecast, 2020-2030
The market size of next-generation surgical robotics was valued at $10.9 million in 2019. The global next-generation surgical robotics market is expected to grow at a robust rate. It is anticipated to reach $884.5 million in 2030 with a CAGR of 44.6% during the forecast period 2020-2030, primarily due to the increasing prevalence of chronic disorders, elevating the global population coupled with the geriatric population, favorable reimbursement policies in developed economies, and increasing investments to develop advanced robotic platforms. However, several factors, such as a shortage of skilled professionals and restrictive regulatory framework, are the primary obstacle hindering the growth of the global next-generation surgical robotics market.
The global next-generation surgical robotics market is dominated by a PROCEPT BioRobotics Corporation, followed by CMR Surgical Ltd. in 2019. The companies in this market are continuously collaborating with research institutions to expand their research capabilities to develop technologically advanced products.
In the past four years, i.e., (January 2016 June 2020), the market has witnessed 25 key developments, most of which were funding activities. Efforts are put in to introduce more technologically advanced products in the market, targeting specific unmet surgical applications. With the introduction of new and upgraded devices with enhanced capabilities, it has become increasingly possible to unlock new use cases for next-generation surgical robotic technologies.
The key players contributing to the global next-generation surgical market are Activ Surgical, Inc., AVRA Medical Robotics, Inc., CMR Surgical Ltd., Corindus Vascular Robotics, Inc. (Siemens Healthineers AG), Memic Innovative Surgery Ltd., Microbot Medical, Inc., PROCEPT BioRobotics Corporation, Vicarious Surgical Inc., Virtual Incision Corporation, and Virtuoso Surgical, Inc.
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