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Global Surgical Robotics Market Anticipated To Surge with Marvelous CAGR of 18.0% During 2020 to 2025

11-16-2018 08:03 AM CET | Health & Medicine

Press release from: Axiom Market Research & Consulting

Surgical Robotics Market Anticipated To Surge with Marvelous CAGR of 18.0%

Surgical Robotics Market Anticipated To Surge with Marvelous CAGR of 18.0%

Robotic surgery is a type of minimally invasive surgery where robotics are used to perform surgical procedures. There is a use of miniaturized surgical instruments that fit through a series of quarter-inch incisions, instead of operating on patients through large incisions. On the robotic arms these miniaturized instruments are mounted, allowing the surgeon maximum range of motion and to perform the surgeries precisely. Moreover, during the procedure these arms contains a magnified high- definition that guides the surgeon. When necessary, the surgeon can even change the scale of the robot’s movements. Advancements in surgical products and technologies has led to shift from conventional surgeries to minimally invasive surgeries. This systems allow the experts to robotize the surgical strategy, limiting post-surgical complexity and precision during the action. Further, the risk of blood loss and infection is reduced by robotic surgery, offer shorter recovery time, and leave least scars in contrast with the conventional open surgery.

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Surgical Robotics Market Outlook
The surgical robotics market is driven by key factors such as rising cases of acute & chronic diseases, provides intuitive control & enhances visualization and better benefits to patients and surgeons. In addition, increasing geriatric population and advancement in technology are some of the factors that are raising the demand of the surgical robotics globally. However, safety issues over surgical robotics devices and high initial costs are some of the factors restraining the growth of this market. Whereas, rising patient preference for minimally invasive surgeries and increase in funding for medical robots research are some opportunities which is anticipated to drive this market. For instance, Intuitive Surgical, a U.S. based company that manufactures da Vinci surgical system and is one of the leading surgical robots manufacturer.

Surgical Robotics Market Segmental Overview
The surgical robotics market is segmented by components, surgery type and geography

Surgical Robotics Market by components
The surgical robotics market based on component is bifurcated into surgical systems, accessories and software & services. Among these, the accessories segment dominated the surgical robotics market globally in 2018. After each surgical procedure accessories are replaced, thus contributing to the market revenue. In addition, the software & services segment are expected to be the fastest growing segment due to the high maintenance required by these systems.

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Surgical Robotics Market by Surgery Type
The various surgery types of the surgical robotics market are covered in the report such as general surgery, urological surgery, gynecological surgery, neurosurgery, orthopedic surgery, interventional cardiology and laparoscopy. The gynecological surgery holds a dominant position in the market owing to the increasing adoption rate by the U.S. gynecologists in conducting procedures, such as prostatectomy.

Surgical Robotics Market by Geography
On the basis of geography, the global surgical robotics market is studied across the countries of key regions such as North America, Europe, Asia Pacific and Rest of the world. North America comprises of United States, Canada and Mexico. Whereas, Europe primarily covers Germany, France, UK, Italy and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific, The rest of world include Latin America and Middle East Africa are the key segments covered in the report. Among these, the North America region dominated the market globally in 2018. This is mainly attributed to high presence of robotic surgical system manufacturers in the U.S. Whereas, the Asia-Pacific is poised to record the highest growth rate in the world, owing to the growing demand in countries, such as India, China, and Japan. With the growth of the overall robotics market in the region headed by technology giants, like Japan and China, availability of medical robots has also increased.

Surgical Robotics Market Key Players
Prominent players in the surgical robotics market are Accuray Inc, Auris Surgical Robotics, Inc., Blue Belt Technologies, Inc. (Smith and Nephew), Hocoma, Intuitive Surgical Inc., KUKA AG, Medrobotics Corporation, Medtech S.A, Mazor Robotics, Restoration Robotics, Inc., Renishaw Plc, Synaptive Medical, Stryker Corporation, Transenterix Inc., Virtual Incision Corporation and Zimmer Holdings, Inc. New product launches, mergers & acquisitions are the key strategies adopted by market players to ensure their growth in the market. For example, in April 2017, Intuitive Surgical for its latest da Vinci X system received a CE marking in Europe.

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Why to buy this report:

•The report offers changing market dynamics in the surgical robotics market, presenting historical, current and projected market size in terms of value (USD Million)

•The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of surgical robotics, such as medical robots market, instruments & accessories market, robotic systems market etc.

•It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the surgical robotics market performance

•The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of surgical robotics market

About Us:

Axiom Market Research & Consulting™, a global market research firm driven with a simple aim of providing key actionable data to companies for taking informed business decisions pertaining to their marketing strategy, investments, new product launch, market competition etc.

Our creative research approaches help us to extract, analyze and compare markets along with peer markets, main or parent market, application and end user industries, competitive landscape and qualitative figures to arrive at market numbers. Backed by a team of experienced analyst, who have worked with leading research firms and delivered number of Market research projects globally, Axiom Market Research & Consulting is able to cater to all market research and business consulting requirements.

Contact Us:
Manish Shelar
Telephone: +1 (845) 875-9786

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