Surgical Robots Market 2022 Precise Outlook - Intuitive Surgical Inc., Stryker Corporation, Verb Surgical Inc., Renishaw PLC

The Surgical Robots Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The surgical robot market is expected to register a CAGR of 19.9% over the forecast period of 2022-2027.

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Top Leading Companies of Surgical Robots Market are Intuitive Surgical Inc., Stryker Corporation, Verb Surgical Inc., Renishaw PLC, SRI International Inc., Accuray Incorporated, Think Surgical Inc., Auris Surgical Robotics Inc., Medtronic PLC, Smith & Nephew PLC and others.

Industry News and Updates

June 2020 - Accuray Incorporated launched the CyberKnife S7 System, an innovative device combining speed, advanced precision, and real-time artificial intelligence (AI)-driven motion tracking and synchronization treatment delivery for all stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT) treatments in 15 minutes. The CyberKnife S7 System is the next-generation CyberKnife platform, a robotic, non-invasive radiation therapy device capable of treating cancerous and benign tumors throughout the body and neurologic disorders.

- Oct 2019 - Stryker Corporation announced the acquisition of Mobius Imaging, LLC offering point-of-care imaging technology and its sister company, GYS Tech LLC. The expertise of these acquired companies in advanced imaging and robotics and a robust product pipeline may enable Stryker to increase its presence in Orthopaedics, Spine, and Neurotechnology.

Key Market Trends

North America Holds Significant Market Share

- North America is one of the prominent regions for the market studied. The United States has been contributing to a majority of the market share in the region, with Canada accounting for a significant volume consumption. Active participation of academia from the North American region has also influenced the growth of the market in the North American region. With collaborations from corporates and academia, many institutions in these countries have been able to record technological advancements.

- There has been significant adoption of robotic surgery in the United States. The annual procedure volume for robotic surgery is higher than 5,00,000 in the United States. Robotic surgery has become the most rapidly adopted medical device over the past two decades to build a brand image and competitive advantage. This is likely to fuel the need for service robots in the region's medical and healthcare sectors.

Regional Outlook of Surgical Robots Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Surgical Robots Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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