+17.6% CAGR of "Surgical Robots Market" Analysis by Application, End User, Product & Service and Key Players - Intuitive Surgical, Stryker Corporation, Medtronic, Smith & Nephew, Zimmer Biomet, Asensus Surgical

ReportsnReports.com unveiled the Surgical Robots Market, a valuable asset for new players, entrants, and established players to understand the market deeply. The Surgical Robots Market research report covers various parameters that range from market segmentation, share, size, growth trends, industry forecasting, target market analysis, opportunity identification, strategic analysis, innovation insights. The statistical and numerical data collected to generate the Surgical Robots Market research report is mainly denoted with graphs, tables, and charts are utilized, which makes the information easy to use and understandable.

The Surgical Robots Market report incorporates the general idea of the market, including applications, classifications, and definitions. Furthermore, it also provides information about all-inclusive comprehension of various factors like drivers, constraints, and major micro markets. It includes key market features, revenue, price, capacity, gross margin, production rate, demand/supply, capacity utilization rate, CAGR, and export/import.

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The global surgical robots market is projected to reach USD 14.4 billion by 2026 from USD 6.4 billion in 2021, at a CAGR of 17.6% during the forecast period.

Some of the prominent players operating in the Surgical robots market are

Intuitive Surgical (US),
Stryker Corporation (US),
Medtronic (Ireland),
Smith & Nephew (UK),
Zimmer Biomet (US),
Asensus Surgical (Transenterix) (US),
Corindus Vascular Robotics (US),
Renishaw (UK),
Auris Health (US),
Medrobotics Corporation (US),
Think Surgical (US),
Verb Surgical (US),
OMNIlife Science (US),
CMR Surgical (US),
Preceyes BV (Netherlands),
China National Scientific Instruments And Materials Corporation (CSIMC) (China),
Microsure (Netherlands),
Titan Medical (Canada),
avateramedicalGmbh (Germany)
and Medicaroid Corporation (Japan).

Surgical robots enable surgeons to carry out complex surgical procedures with greater precision. They are primarily used in gynecological, urological, orthopedic, general, neurosurgeries, and other minimally invasive surgeries. Growth in this market is primarily driven by the advantages of robotic-assisted surgery, technological advancements in surgical robots, the increasing adoption of surgical robots, and the increase in funding for medical robot research. On the other hand, the high cost of robotic systems is a key factor limiting market growth in the coming years.

Breakdown of supply-side primary interviews:

By Company Type: Tier 1 – 58%, Tier 2 – 21%, and Tier 3 – 21%
By Designation: C-level – 25%, Director-level – 35%, and Others – 40%
By Region: North America - 30%, Europe – 20%, APAC –35%, Rest of the World –15%

Surgical Robots Market Segmentation by Product & Service:

Instruments & Accessories,
Systems,
Service

Surgical Robots Market Segmentation by Application:

Urological Surgery,
Gynecological Surgery,
Orthopedic Surgery

Surgical Robots Market Segmentation by End User

Hospitals,
Ambulatory Surgery Center

Surgical Robots Market Segmentation by Region:

Improved funding for R&D in surgical robots led to the largest market size of the North American region

North America dominated the surgical robots market, with a share of 63.6% in 2019, while the Asia Pacific region is expected to register the highest CAGR of 18.5% during the forecast period. The large share of the North American market can be attributed to the availability of funding for R&D in surgical robots in this region and the increasing adoption of surgical robots for pediatric surgeries in Canada and general surgery procedures in the US.

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Surgical Robots Market Report Opportunities

1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Surgical Robots Market.
2. Market Penetration: Comprehensive information on the product portfolios of the top players in the Surgical Robots Market.
3. The key findings and recommendations highlight crucial progressive industry trends in the Surgical Robots Market, thereby allowing players to develop effective long term strategies
4. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Surgical Robots Market
5. The Surgical Robots Market report offers market share appraisals for regional and global levels

Table Of Contents: Surgical Robots Market

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Market Inclusions & Exclusions
1.2.2 Markets Covered
1.2.3 Years Considered For The Study
1.3 Currency
1.4 Limitations
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
2.2 Research Methodology Steps
Figure 1 Research Methodology: Surgical Robots Market
Figuree 2 Research Design
2.2.1 Secondary Data
2.2.1.1 Secondary Sources
2.2.2 Primary Data
Figuree 3 Breakdown Of Primary Interviews: By Category, Designation, And Region
2.2.2.1 Primary Sources
Figuree 4 Primary Sources
2.2.2.2 Key Insights From Primary Sources
2.3 Market Size Estimation Methodology
Figuree 5 Research Methodology: Hypothesis Building
2.3.1 Revenue Mapping-Based Market Estimation
Figuree 6 Market Size Estimation: Revenue Share Analysis
2.3.2 Primary Research Validation
2.4 Market Data Estimation And Triangulation
Figuree 7 Data Triangulation Methodology
2.5 Assumptions For The Study
2.6 Covid-19 Specific Assumptions
2.7 Risk Assessment

3 Executive Summary
Figure 8 Surgical Robots Market Share, By Product & Service, 2021 Vs. 2026 (Usd Million)
Figuree 9 Surgical Robots Market, By Application, 2021 Vs. 2026 (Usd Million)
Figuree 10 Surgical Robots Market, By End User, 2021 Vs. 2026 (Usd Million)
Figuree 11 Geographical Snapshot Of The Surgical Robots Market

4 Premium Insights
4.1 Surgical Robots Market Overview
Figure 12 Advantages Of Robotic-Assisted Surgery To Drive Market Growth During The Forecast Period
4.2 Geographic Analysis: North American Surgical Robots Market, By Product & Service
Figuree 13 Instruments & Accessories Accounted For The Largest Share Of The North American Surgical Robots Market In 2020
4.3 Surgical Robots Market Share, By Product & Service, 2021 Vs. 2026
Figuree 14 Instruments & Accessories To Dominate The Surgical Robots Market In 2026
4.4 Surgical Robots Market Share, By Application, 2021 Vs. 2026
Figuree 15 General Surgery Applications To Dominate The Surgical Robots Market In 2026
4.5 Surgical Robots Market: Geographic Growth Opportunities
Figuree 16 Apac Market To Register The Highest Growth During The Forecast Period

5 Market Overview

6 Surgical Robots Market, By Product & Service

7 Surgical Robots Market, By Application

8 Surgical Robots Market, By End User

9 Surgical Robots Market, By Region

10 Competitive Landscape

11 Company Profiles

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