Surgical Robots Market Size To Hit US$ 12.3 Billion By 2028

The latest report published by IMARC Group, titled "Surgical Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global surgical robots market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2028, exhibiting a growth rate (CAGR) of 18.2% during 2023-2028.

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Surgical Robots Market Trends:

The increasing prevalence of chronic diseases and the growing geriatric population across the globe are one of the key factors creating a positive outlook for the market. Surgical robots offer significant advantages in performing complex procedures such as cardiac, urological, gynecological, and gastrointestinal surgeries, leading to improved patient outcomes and shorter recovery times. In line with this, the rising adoption of minimally invasive surgeries (MIS) is propelling the market growth.

Apart from this, rapid technological advancements in robotic technology, including improved imaging systems, haptic feedback, and machine learning algorithms, allow real-time data analysis and enhance surgical precision providing a considerable boost to the market growth.

Furthermore, various healthcare providers are investing in surgical robots to optimize surgical procedures and minimize postoperative complications, which is positively influencing the market growth. Other factors, including rising expenditure capacities of consumers and enhanced focus on research and development (R&D) activities, are anticipated to drive the market growth.

Competitive Landscape With Key Players:

The competitive landscape of the surgical robots market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Accuray Incorporated
• Auris Health Inc.
• CMR Surgical
• Corindus Vascular Robotics
• Intuitive Surgical
• Maxar Technologies Limited
• Mazor Robotics Ltd.
• Medrobotics Corporation
• Medtronic
• Renishaw
• Smith & Nephew
• SRI International Inc.
• Stryker Corporation
• Think Surgical
• Transenterix Inc.
• Verb Surgical
• Zimmer Biomet

Key Market Segmentation:

The report has segmented the global surgical robots market based on product, application, end user and region.

Breakup by Product:

• Robotic Systems
• Instruments and Accessories
• Services

Breakup by Application:

• Gynecological Surgery
• Urological Surgery
• Neurosurgery
• Orthopedic Surgery
• Other Applications

Breakup by End-User:

• Hospitals
• Ambulatory Surgical Centers
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Industry Definition and Application:

Surgical robots are technologically advanced systems designed to assist surgeons during complex procedures by providing precise and minimally invasive techniques. They are equipped with advanced imaging capabilities, robotic arms, and surgical instruments that can be controlled by a surgeon from a console. They offer increased precision, dexterity, and accuracy, enabling surgeons to perform intricate procedures with enhanced efficiency and reduced risks.
Surgical robots are widely used in various surgical specialties, such as cardiac surgery, urology, gynecology, general surgery, orthopedics, and neurosurgery. They also offer features like 3D visualization, magnification, and robotic assistance to perform intricate procedures with greater ease.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.