Global Surgical Robots Market -Analysis and Forecast To 2024, Medrobotics Corporation, Varian Medical Systems, Stereotaxis, Inc., Titan Medical Inc., Think Surgical Inc.

Industry Overview
The global surgical robots market is expected to grow at a CAGR of 10.9% during the forecast period with its market size predicted to reach USD 10,146.3 million by 2024. The global surgical robots market is primarily driven by the technological advancements, advantages of surgical robots, increasing investment for the research and development, mounting occurrence of neurological and orthopedic disorders and increasing geriatric population. The Da Vinci Surgical System, Mako Surgical Arm, Mazor X are the key brands mostly adopted globally.

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Growth Drivers
Technological advancements, advantages of surgical robots in clinical procedures, increasing investment for the research and development, mounting occurrence of neurological and orthopedic disorders and increasing geriatric population are some of the key factors fuelling the growth of the surgical robots market, globally. There are several benefits of robotic surgery, which is leading to an increase in adoption by hospitals and ambulatory surgical centers. Robotic surgery offers several benefits to the surgeon such as an enhanced visual field, superior dexterity, and reach to inaccessible or hard-to-reach places during the surgery.

Geographic Overview
North America remains the largest market for surgical robots across the globe. This is primarily due to the early adoption, technological advancements, developed healthcare infrastructure, high healthcare expenditure, and presence of the industry leaders in the region. The North American market will further observe significant growth during the forecast period as the more and more hospitals especially the hospital chains working in different states of the U.S. are opting for the automation in surgery using surgical robots.

Competitive Insight
Different companies are investing in their research and development for the technological advancements of its systems which offers them a competitive edge over the competitors. Mazor Robotics added Mazor X to its surgical robotics portfolio in 2016, apart from its existing Renaissance Surgical System. Mazor X witnessed key traction in the market in comparison to Renaissance as well as its competitor Da Vinci Surgical System. Also, the medical device industry giant is acquiring innovator companies to enter into the surgical robots market.

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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.

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