Market Research Report
Surgical Robots - Global Market Outlook (2020-2028)
|Surgical Robots - Global Market Outlook (2020-2028)|
Published: July 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Surgical Robots Market is accounted for $5.44 billion in 2020 and is expected to reach $22.78 billion by 2028 growing at a CAGR of 19.6% during the forecast period. The rise in funding for medical robot research, technological advancements and increasing adoption of surgical robots are driving the market growth. However, the high cost of robotic systems and lack of skilled professionals are hampering the growth of the market.
Surgical robots are advanced medical devices with robotic arms and instruments attached to them. Robotic surgery is a type of minimally invasive surgery which utilizes robotics for performing surgical procedures. These robotic systems are operated by surgeons and consist of miniaturized surgical instruments which are mounted on robotic arms, thus allowing surgeons to perform the surgeries precisely.
Based on the end user, the hospitals segment is going to have lucrative growth during the forecast period due to the high number of inpatient visits, an increasing number of surgical procedures, improving and better hospital infrastructure and skilled healthcare personnel in the developed regions and developing infrastructure the scenario in emerging economies. By geography, North America is going to have high growth during the forecast period owing to the availability of funding for R&D in surgical robots in this region and the increasing adoption of surgical robots for pediatric surgeries in Canada and general surgery procedures in the US.
Some of the key players profiled in the Surgical Robots Market include Verb Surgical, Titan Medical, Auris Health, Stryker Corporation, Medtronic, Renishaw, Preceyes BV, OMNIlife Science, Microsure, avateramedical Gmbh, CMR Surgical, Medrobotics Corporation, Intuitive Surgical, Corindus Vascular Robotics, Zimmer Biomet, Smith & Nephew, Asensus Surgical, Think Surgical and China National Scientific Instruments And Materials Corporation (CSIMC).
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.