Surgical Robots Market To Reach USD 8.26 Billion By 2026 With CAGR 10.3% | Rpeorts And Data

Surgical Robots Market Industry Forecast To 2026

Surgical Robots include surgery assisted by robots added with the systems to reduce human errors like trembling while doing operations. It is a technological advancement that has a concern to shift over to minimally invasive surgical procedures. Surgical Robots has a tremendous potential to grow, as the physical presence of the surgeon is not necessary. In Surgical Robots, the primary market driver is technological advancement, and a hike in road accidents is expected to fuel the market growth during the forecast period. For instance, according to the numbers given by the Association for Safe International Road Travel (ASIRT) in 2018, about 20-30 million get injured or disabled in road accidents every year.

Based on the industrial chain, this report mainly elaborates on the definition, types, applications, and major players of the Surgical Robots market in detail. In-depth analysis of Surgical Robots market status (2016-2026), enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2020-2026), regional industrial layout characteristics, and policies have also been included.

This is the only report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The coronavirus has impacted all sectors of the world economy, and its impacts on the Surgical Robots market are elucidated in-depth in this report.

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Influential and dominant players in the Surgical Robots market space:
Intuitive Surgical, Stryker, Mazor Robotics, Smith & Nephew, Hansen Medical, Renishaw, Transenterix, Think Surgical, Medtech, and Zimmer Biomet..

For the purpose of this report, Reports and Data has segmented the Surgical Robots market on the basis of components, applications, end-use & regional classification:
Components Outlook (Revenue in Million USD; 2016–2026)
• Robotic Systems
• Instruments & Accessories
• Services

Applications Outlook (Revenue in Million USD; 2016–2026)
• Orthopedic Surgery
• Neurosurgery
• Gynecologic Surgery
• Cardiothoracic Surgery
• Urology
• General Surgery
• Plastic Surgery
• Others

End-Use Outlook (Revenue in Million USD; 2016–2026)
• Hospitals
• Ambulatory Surgical Centers
• Others

The Surgical Robots report consists of streamlined financial data obtained from various research sources to provide specific and trustworthy analysis. An in-depth analysis of the market trends of the Surgical Robots industry and how the factors affect its functioning. The factors are segmented into drivers and restraints for increased comprehensibility and understanding. The report also provides a detailed outlook of the Surgical Robots market share along with strategic recommendations, on the basis of emerging segments.

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The regions that have been included in the study are:
Regional Analysis:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Further key findings from the report suggest
• The global leaders are competing to innovate the products to have the largest share in the market. For instance, in December 2017, Think Surgical Inc. announced that the U.S. Food and Drug Administration had granted clearance for it to market the TSolution One system for total knee replacement in the U.S. The robot had earlier received CE Marking, and surgeons have used it in more than 550 procedures in the Asia-Pacific and European markets.
• The competition in Surgical Robots is very high due to the increase in the need for minimally invasive procedures. The companies now are making agreements for penetration in the market. For instance, In May 2018, Stereotaxis Inc. and Acutus Medical declared collaboration and signed an agreement to integrate the Niobe Magnetic Navigation System with Acutus Medical AcQMap, a High-Resolution Imaging and Mapping System. This technology integration helps the patient to allow better improvement of patient care and physician experience.
• In 2019, Stryker acquired Cardan Robotics and Mobius Imaging to spread its hands-on Orion robotics and navigation system for surgical and interventional radiology. The expansion of the companies to ensure better systems and accessories to be installed for Surgical Robots is expected to fuel the growth of the market in the forecast period.

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In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments’ market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.

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This release was published on openPR.