Global Surgical Robots Market – Industry Insights, Size, Share, Trends, Outlook Analysis and Forecast 2019–2024

The global surgical robots market size was valued at USD 5.4 billion in 2018 and is expected to witness a CAGR of 10.9% during the forecast period 2019–2024. Technological advancements, several advantages of surgical robots, increasing neurological disorders, increasing research and development activities, and increasing geriatric population are driving the growth of the surgical robots market.

Get a free copy of sample report: https://www.vynzresearch.com/healthcare/global-surgical-robots-market/request-sample

Some of the key surgical robotic systems available in the market include The Da Vinci Surgical System by Intuitive Surgical Inc.; Renaissance and Mazor X by Mazor Robotics Inc. (Acquired by Medtronic plc); Mako Surgical Arm by Stryker Corporation; Rosa Surgical Robot by Medtech SA (Zimmer Biomet); and CyberKnife by Accuray Incorporated.

The Da Vinci Surgical System is the most commonly used surgical robotic system used across the globe. The category account for more sales than all other categories combined, which is primarily due to the strong position of the company in the market. The brand has the early mover advantage and the constant effort from its maker to keep it up to date are the key factors leading to the high demand of the category.

Based on end-users, the surgical robots market is segmented into hospitals and ambulatory surgical centers. Of both the categories, hospital account for the larger demand for surgical robot systems and services due to the advancements in the technology, and inclusion for gynecology, orthopaedic surgery, and general surgery. Different companies are investing for the development of miniaturized surgical robots for penetration in ambulatory surgical centers.

Do you have any specific research requirement? Ask for customization: https://www.vynzresearch.com/healthcare/global-surgical-robots-market/customize-report

Although, Asia-Pacific lags behind North America and Europe in terms of the number of surgical robots installed in the region; however by the end of the forecast period, the region will account for higher share in the global surgical robots market than Europe.

Some of the key factors fuelling the growth of the Asia-Pacific market are the developing infrastructure, investment in healthcare sector, immergence in large number of private healthcare providers, and penetration by the number of the large global healthcare providers in the region.

Also, the North American surgical robots market will remain the largest during the forecast period. The region is further predicted to observe significant growth during the forecast period in the global market owing to technological upgradation and large capital invested in the research and development activities.

Large medical technology players are trying to enter the market by acquiring the innovators
Globally, different medical technology companies are entering the market by acquiring the innovators in the market.

For instance, in April 2019, Johnson & Johnson announced that Ethicon, Inc., has completed the acquisition of Auris Health, Inc. for approximately USD 3.4 billion in cash and additional contingent payments of up to USD 2.35 billion, in the aggregate, may be payable upon reaching certain predetermined milestones.

Explore More @ https://www.vynzresearch.com/healthcare/global-surgical-robots-market

With Auris Health’s robotic platform technology, currently used in diagnostic and therapeutic procedures in the lung, Johnson & Johnson will advance its commitment to combatting lung cancer and expand its digital surgery portfolio across multiple surgical specialties.

Some of the key players operating in the surgical robots industry are Intuitive Surgical Inc., Stryker Corporation, Mazor Robotics Inc., (Acquired by Medtronic plc), Medtech SA (Acquired by Zimmer Biomet), Accuray Incorporated, Smith & Nephew plc, Renishaw plc, Auris Health, Inc. (Acquired by Johnson & Johnson), Medrobotics Corporation, Varian Medical Systems, Stereotaxis, Inc., Titan Medical Inc., Think Surgical Inc., and TransEnterix, Inc.

Contact Us:

VynZ Research

Kundan Kumar
Client Partner
Call: +91-996-028-8381
Toll Free (U.S. and Canada): +1-888-253-3960
Email: enquiry@vynzresearch.com
Web: https://www.vynzresearch.com

About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.

This release was published on openPR.