21.9% CAGR growth by 2023 in Surgical Robots Market over the forecast period (2018 - 2023)| Key Players - Stryker Corporation, Johnson & Johnson, Sri International, Intuitive Surgical, Accuray, amongst others.

Market Analysis:

Asia-Pacific is Expected to Lead the Market
Asia-Pacific is poised to record the highest growth in the world, owing to the increasing 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.

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The increasing need for automation in healthcare, growing incidences of chronic diseases, increasing geriatric population, the complexity of surgical procedures, and increasing demand for non-invasive surgeries with more precision and flexibility, are the factors driving the market. The surgical robots need high capital, careful installation, trained doctors to operate the equipment. The advanced robot-assisted Laparoscopy had enhanced the precision and quality of treatment and is being adapted at a faster pace, because of reduced blood loss, minimal scarring, shorter hospital stays, and rapid recovery times.

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Market Segments:
Surgical robots market is segmented by:
1. Component: Surgical System, Accessories, Services
2. Area Of Surgery: Gynecological Surgery, Cardiovascular, Neurosurgery, Orthopedic, Laparoscopy, Urology, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• April 2017 - Intuitive Surgical received a CE marking in Europe for its latest da Vinci X system. The company’s primary aim of modeling this system was to make use of the most advanced robot-assisted surgery technologies at a lower cost. This is expected to increase the market for Intuitive’s surgical robots in the European countries.
• August 2017 - Journal of Healthcare Engineering publishes the emergence of latest technology, augmented reality, in robotic surgery. The development of augmented reality devices allows doctors to incorporate data visualization into diagnostic and treatment procedures to improve work efficiency, safety, and cost. Also this technology could play a key role in enhancing surgical training activities for new operators and doctors.

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