Surgical Robots Market Outlook 2019 – 2023: Industry Size, Share Analysis, Emerging Technologies, Kay Players Growth by Regional Scope and Trends Registering CAGR of 22.75 % Globally

Surgical Robots Market Outlook:

Surgical robots or robotic surgery has many advantages over traditional open surgery like more accuracy, less pain, small insertions and many more. With the help of surgical robots, surgeons can perform remote surgeries. In emergencies, they are even able to perform surgical procedures through telesurgery with the remotely operated robots using imaging devices. As a result, the uptake of surgical robots is increasing rapidly.

Acknowledging the exponential accruals, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global “Surgical Robots Market” will register a whopping double digit CAGR of 22.75 % throughout the forecast period (2017 to 2023), gaining further prominence by the end of the year 2023.

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Moreover, factors such as the technological advancements and the increasing automation taking place in the burgeoning healthcare sector are escalating the market on the global platform.

With the rising demand for surgical robots and increasing adoption of this technology in various procedures, the APAC surgical robots market is estimated to grow at a CAGR of 23.36 % throughout the forecast period (2017-2023).

Surgical Robots Market Top Key Players:

Key players leading the global surgical robots market include,

Medtronic

Intuitive Surgical Inc.

Johnson & Johnson

Stryker Corporation

Google Life Sciences

TransEnterix

Hansen Medical

and Mazor Robotics.

Global Surgical Robots Market – Segments

MRFR has segmented the report into four key dynamics for an easy grasp;

By Control Mechanism : Computer Control and Direct Telemanipulator.

By Robotic Surgery Approach : Shared Control Robotic Surgical Systems, Supervisor-Controlled Robotic Surgical System, Telesurgery Systems, and Robotic Radiosurgery Systems among others.

By Application : Cardiac Surgery, General Surgery, Gynecologic Surgery, Urologic Surgery, Colorectal Surgery, and Head & Neck Surgery among others.

By Regions : North America, Europe, APAC, and Rest-of-the-World.

Additional factors stimulating the growth of the market include the increasing prevalence of cancer, various neurological disorders, and heart-related diseases such as cardiovascular diseases among others. Over the past few years, the prices of robotic technology and surgical robotics have dipped led by the advancements in technology, which, in turn, has fostered the growth of the market.

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On the other hand, factors such as the risks associated with the robotic surgeries and the skepticism about the efficacy of the robotic technology are obstructing the growth of the market to a large extent. Nevertheless, the development of surgical robots with artificial intelligence technology is expected to support market growth, providing desirable outcomes.

Global Surgical Robots Market – Regional Analysis

The North American region leads the global surgical robots market owing to the presence of global players who are focused on introducing innovative technologies. In 2016, the surgical robots market in North America had valued at USD 1,655.8 MN. Continuing with the same growth trends, the region is expected to create a large revenue pocket over the review period.

Factors such as the availability of finance, well-developed healthcare sector alongside the augmenting demand for robotic surgeries for more accuracy and précised outcomes are expected to drive the growth of the regional market. Moreover, continuously increasing prevalence of various chronic diseases acts as a major tailwind pushing up the growth of the market in the region.

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Heading with the significant technological advancements and their wide uptake in the medical sector, the Surgical Robots Market in the European region holds the second position in terms of size. Moreover, the presence of a flourishing medical devices market and rising healthcare expenditure in the region are estimated to facilitate the growth of the market.

Also, factors such as support and funding from public & private sectors for research & development impact the market growth in the region, positively. Furthermore, the increasing prevalence of diseases like cancer and many neurological disorders are expected to support the growth of this market in the European region.

The Asia Pacific region heading with the increasing prevalence of chronic diseases has emerged as a promising market for surgical robots. The large unmet clinical needs are attracting the foreign investors and global players to focus on this region to expand the network that can help them to capture a major share of the market.

LIST of TABLES

TABLE 1 GLOBAL SURGICAL ROBOTS MARKET, BY CONTROL MECHANISM, 2013-2023 (USD MILLION)

TABLE 2 GLOBAL SURGICAL ROBOTS MARKET FOR DIRECT TELEMANIPULATOR, BY REGION, 2013-2023 (USD MILLION)

TABLE 3 GLOBAL SURGICAL ROBOTS MARKET FOR COMPUTER CONTROL, BY REGION, 2013-2023 (USD MILLION)

TABLE 4 GLOBAL SURGICAL ROBOTS MARKET, BY ROBOTIC SURGERY APPROACH, 2013-2023 (USD MILLION)

TABLE 5 GLOBAL SURGICAL ROBOTS MARKET FOR SUPERVISOR-CONTROLLED ROBOTIC SURGICAL SYSTEM, BY REGION, 2013-2023 (USD MILLION)

TABLE 6 GLOBAL SURGICAL ROBOTS MARKET FOR SHARED CONTROL ROBOTIC SURGICAL SYSTEM, BY REGION, 2013-2023 (USD MILLION)

TABLE 7 GLOBAL SURGICAL ROBOTS MARKET FOR TELESURGERY SYSTEM, BY REGION, 2013-2023 (USD MILLION)

TABLE 8 GLOBAL SURGICAL ROBOTS MARKET FOR ROBOTIC RADIOSURGERY SYSTEM, BY REGION, 2013-2023 (USD MILLION)

…To be Continued.

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