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Surgical Robots Market: the government of India announced a US$ 9.87 billion outlay for the health sector | Key Players: Intuitive Surgical, Accuray Incorporated, Stryker, MEDTRONIC, Smith & Nephew

01-21-2021 09:23 AM CET | Health & Medicine

Press release from: Worldwide Market Reports

Surgical Robots

Surgical Robots

A type of minimally invasive surgery that uses robotics to perform surgical procedures is robotic surgery. These robotic systems are operated by surgeons and consist of miniaturized surgical instruments placed on robotic arms, enabling surgeons to precisely conduct the operations. The combination of tools, accessories, and software is a surgical robot. In order to conduct surgical procedures, partial intervention or total reliance on specially built devices is involved. Advanced robotic technology has mainly advanced surgery by improving accuracy, stability, and dexterity.

Increasing technological advancements in surgical robots are expected to drive the growth of the global surgical robots market. For instance, In March 2019, Smith & Nephew, a global medical technology company, launched Navio Surgical System which would help in establishing its multi-asset robotic and digital surgery.

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Growing healthcare expenditures in emerging countries such as India and China are expected to drive the growth of the global Surgical Robot market. According to the India Brand Equity Foundation (IBEF), in 2020, the government of India announced a US$ 9.87 billion outlay for the health sector in the Union Budget of 2020-21.

The excessive cost of surgical robots is expected to restrain the growth of the global surgical robots market.

North America is expected to dominate the global surgical robots market, owing to the increasing number of cardiovascular diseases which increases the demand for minimally invasive surgeries. According to the American Heart Association (AHA), in 2018, around 97 million U.S. adults were suffering from cardiovascular disease. Asia Pacific is expected to grow rapidly in near future due to increased R&D activities and the use of surgical robots for the treatment of cancer and the oncology segment.

Key competitors in the global surgical robots market are Intuitive Surgical, Accuray Incorporated, Stryker, MEDTRONIC, Smith & Nephew, THINK Surgical, Inc., TransEnterix Surgical, Inc., Zimmer Biomet, Verb Surgical Inc., Auris Health, Inc., Virtual Incision Corporation, and Restoration Robotics, Inc.

In January 2019, Medtronic launched Mazor X Stealth(TM) edition which will offer a fully-integrated procedural solution that can be used in surgical planning, workflow, execution, and confirmation.

In January 2019, Zimmer Biomet received the U.S. Food and Drug Administration (FDA) approval for its ROSA Knee Device for robotically assisted knee replacement surgery.

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The Surgical Robots Market (2020) research report explores the market in terms of Revenue And Emerging Market Trends and Drivers and includes an up to date analysis and forecasts for various market segments, major players, and all geographical regions till 2027.

The Coronavirus Epidemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situations. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly changing market scenarios and their impact are covered in the report. The report will account for COVID 19 as a key market contributor.

Surgical Robots Market Report Covers Following Questions:

• What are the weaknesses and strengths of the key vendors?
• What are the key outcomes of the five forces analysis of the Global  Surgical Robots market?
• What are the various threats and opportunities faced by the dealers in the Global  Surgical Robots market?
• Who are the Leading key players and what are their key business strategies in the Global  Surgical Robots market?

Global Surgical Robots Market Report includes Detailed TOC points:
1 Industry Overview
2 Industry Environment (PEST Analysis)
3 Surgical Robots Market by Type
4 Major Companies List
4.1 Intuitive Surgical (Company Profile, Sales Data etc.)
4.1.1 Intuitive Surgical Profile
Table Intuitive Surgical Overview List
4.1.2 Intuitive Surgical Products & Services
4.1.3 Intuitive Surgical Business Operation Conditions
Table Business Operation of Intuitive Surgical (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
(Continue with Key Players)
5 Market Competition
6 Demand by End Market
7 Region Operation
8 Marketing & Price
9 Research Conclusion

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Worldwide Market Reports provides customization of reports as per your request. This report can be personalized to meet your requirements. Get in touch with our research team, who will make sure you get a report that suits your necessities.

About WMR

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Worldwide Market Reports,
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