Market Segmentation of surgical robots Market

The global surgical robots market is poised to touch USD 6,875.1 million by 2026, displaying a CAGR of 21.4% during the forecast period. One of the key factors driving the surgical robots market growth is the rising prevalence of non-communicable or chronic diseases (NCDs) such as cancer, diabetes, and COPD. According to the World Health Organization (WHO), chronic diseases are responsible for about 71% of global deaths every year. These diseases require intense medication and in most cases, surgery is the only available option. The World Economic Forum estimates that 1 in every 3 adults globally suffers from multiple chronic conditions, increasing annual healthcare costs between 80 and 300%. Since chronic diseases can require multiple surgical procedures, patients are now demanding minimally invasive techniques to reduce their suffering. Surgical robots are an important milestone in this regard.

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The report covers:

Global Surgical Robots Market trends, with detailed analysis on consumer trends & manufacturer trends.
Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
Key areas of investments identifying market opportunities and challenges in forecast timeframe.
Competitive analysis of the industry players along with the overview on strategic management.
Comprehensive company profiles of the major industry players.
Rising Regulatory Approvals Identified as Chief Growth Driver

As surgical robots are essentially dealing with sensitive parts of the body, regulatory authorities are somewhat reluctant to clear the products for usage. Having said that, recent advancements in surgical robots and the advent of high precision products have churned out several regulatory clearances. Subsequently, increasing regulatory approvals will favor the growth of the global surgical robots market. In 2019, Zimmer Biomet received clearance from the Food and Drug Administration (FDA) for the usage of its latest product 'Rosa One Brain Application'. The system allows surgical navigation and positioning for operations related to neurological body parts, wherein extreme precision methods are required. Fortune Business Insights predicts that advancements in neurological surgeries will account for significant amount of growth of the global surgical robots market.

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Leading Players operating in the Surgical Robots Market are:

Intuitive Surgical Inc.
Medtronic
Stryker
Smith & Nephew
Zimmer Biomet
Verb Surgical Inc
Transenterix Surgical Inc
Rising Geriatric Population to Swell the Market

Increasing number of aging people is giving rise to critical challenges to healthcare systems all around the world. According to the WHO, by 2050, number of people above the age of 60 will have reached 22%, almost double the current number. Furthermore, the WHO estimates that by 2020 itself, people aged 60 and above will outnumber children under the age of 5. As a person ages, she becomes more vulnerable to different kinds of communicable and non-communicable diseases most of which require surgeries, such as cataract and diabetic retinopathy. Since their bodies are not strong enough to bear the trauma of a traditional surgery, geriatric people are increasingly relying on advancements in minimally invasive surgical procedures to reduce their pain. In this context, surgical robots can play a crucial role as they can make surgeries as minimally invasive as possible. This is likely to expand the surgical robots market size during the forecast period.

Detailed Table of Content:

Introduction
1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

Executive Summary
Market Dynamics
3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

Key Insights
4.1. Technological Advancements

4.2. Pricing Analysis, by Key Players

4.3. Detail Product Mapping, by Key Players

4.4. Key mergers & acquisitions, by Key Players

Global Surgical Robots Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary

5.2. Market Analysis, Insights and Forecast - By Application

5.2.1. General Surgery

5.2.2. Gynecology

5.2.3. Urology

5.2.4. Orthopedics

5.2.5. Others

5.3. Market Analysis, Insights and Forecast - By End User

5.3.1. Hospitals

5.3.2. Ambulatory Surgery Centers

5.3.3. Others

5.4. Market Analysis, Insights and Forecast - By Region

5.4.1. North America

5.4.2. Europe

5.4.3. Asia pacific

5.4.4. Rest of World

North America Surgical Robots Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary

6.2. Market Analysis, Insights and Forecast - By Application

6.2.1. General Surgery

6.2.2. Gynecology

6.2.3. Urology

6.2.4. Orthopedics

6.2.5. Others

6.3. Market Analysis, Insights and Forecast - By End User

6.3.1. Hospitals

6.3.2. Ambulatory Surgery Centers

6.3.3. Others

6.4. Market Analysis, Insights and Forecast - By Country

6.4.1. U.S.

6.4.2. Canada

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Report Focus:

Extensive product offerings
Customer research services
Robust research methodology
Comprehensive reports
Latest technological developments
Value chain analysis
Potential Surgical Robots Market opportunities
Growth dynamics
Quality assurance
Post-sales support
Regular report updates
Reasons to Purchase this Report:

Comprehensive analysis of the Surgical Robots Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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