Surgical Robots Market -Covid19/ Coronavirus Impact, Demand, Global Analysis, Trends, Comprehensive Growth and Forecast to 2023

Surgical Robots Market Analysis

The surgical robots market is likely to touch USD 19,596.61 million at an 18.94% CAGR between 2016-2024, as per the recent Market Research Future (MRFR) report. Robotic surgery, simply put, is a form of minimally invasive surgery that is done through miniaturized surgical instruments. Faster recovery, shorter hospital stays, & less pain, are some of the key benefits of using surgical robots. Some of its major applications include head & neck surgery, colorectal surgery, urologic surgery, cardiac surgery, general surgery, gynaecologic surgery, and others.

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Numerous factors are adding to the global surgical robots market growth. These factors, according to the recent MRFR report, include the increasing use of surgical robots and advanced medical technologies, rise in funding for surgical robot R&D, increasing preference for minimally invasive surgeries, and technological advances in surgical robots.

On the contrary, risks related to the surgery and high cost of robots may limit the surgical robots market growth over the forecast period.

Surgical Robots Market Segmentation

The Market Research Future report provides an all-inclusive segmental analysis of the global surgical robots market based on product type, application, control mechanism, and end user.

By product type, the surgical robots market is segmented into services, robotic systems, and instruments & accessories. Of these, instruments and accessories will lead the market during the forecast period.

By application, the surgical robots market is segmented into head & neck surgery, colorectal surgery, urologic surgery, cardiac surgery, general surgery, gynaecologic surgery, and others. Of these, general surgery will dominate the market during the forecast period. Owing to its wonderful benefits and alluring features, surgical robots have common applications such as in orthopaedic procedures especially treating carpal tunnel, cardiac procedures namely mitral valve repair and coronary artery bypass grafting, laparoscopic procedures namely removal of appendix, kidney, uterus, and gallbladder, and urological procedures namely prostatectomy, cystectomy, and ureteral reimplantation. Besides, it is also used for prostate cancer, bladder cancer, cardiothoracic treatments, plastic surgery, pediatric surgery, and bypass surgeries.

By control mechanism, the surgical robots market is segmented into computer control and direct telemanipulator.

By end user, the surgical robots market is segmented into ambulatory surgical centers and hospitals. Of these, hospitals will have a major share in the market during the forecast period.

Surgical Robots Market Regional Analysis

By region, the global surgical robots market report covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will have the lions share in the market during the forecast period for increasing awareness about surgeries that are computer-assisted, increasing patient acceptance to use surgical robots in medical procedures resulting in superior healthcare outcomes, strategic collaborations, and increasing financial capability of hospitals to use robotic systems.

The surgical robots market in Europe is predicted to hold the second-largest share during the forecast period for the growing demand for miniature robotics and unmanned surgeries or minimally invasive surgeries, and rising need for automation in healthcare.

The surgical robots market in the APAC region will grow at the fastest pace over the forecast period for rapid technological development, rising number of hospitals, and a vast patient population.

The surgical robots market in the MEA will have steady growth during the forecast period for the developing healthcare infrastructure.

Surgical Robots Market Key Players

Leading players profiled in the global surgical robots market report include Medrobotics Corporation (US), Renishaw PLC (UK), Smith & Nephew (UK), Verb Surgical Inc. (US), Merck Co. & Inc (US), Medtech SA (France), TransEnterix, Inc. (US), Hansen Medical (US), Mazor Robotics (Israel), Stryker Corporation (US), and Intuitive Surgical, Inc. (US).

Industry News

February 2020: Edinburg based Western General Hospital has become the foremost hospital in Europe to use Versius surgical robots.

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Akash Anand
Market Research Future
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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This release was published on openPR.