Surgical Robots Market Share, Growth, Top Leaders, and Demand Forecast Report 2030

The surgical robots' market will power at a rate of approximately 19% by the end of this decade, to touch USD 30,067.2 million.

This growth of the industry is because of the snowballing requirement for hip and knee replacement surgeries and the increasing tech progressions.

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Moreover, the requirement for surgical robots is on the rise, as a result of the outcomes of the increasing count of robotic surgeries, the increasing emphasis of private players and the governments for increasing the expenditure on healthcare, and the increasing approvals of the products.

Neurology will grow the fastest in the years to come, progressing at a rate of about 21% in the market, as stated by a market research institution, P&S Intelligence.

The APAC surgical robots' market will observe the highest rate of growth, of 20.7%, in the years to come. This can be credited to the surge in requirement for minimally invasive processes for reducing recovery time, a robust presence of MNCs, and continuing robotics innovations.

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Furthermore, the occurrence of sophisticated hospitals in the U.S. and Canada and their promising outcomes surge the footfall in these settings, as a result of the use of cutting-edge technologies, as well as robotics.

The instruments and accessories dominated the industry in the past. This is attributable to the surge in surgical procedures worldwide, which ultimately make hospitals obtaining accessories and instruments on a periodic basis. The hospitals can maintain stock of these items, which are required throughout the surgical procedures.

Likewise, these act as a one-time investment and are relatively inexpensive than robotic systems. Therefore, these factors power the growth of the industry in this category.

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The growing need for knee and hip replacement surgeries, and ongoing technological advancements has had a positive impact on the demand for surgical robots in the medical industry.

Surgical Robots Market Size Breakdown by Segment

By Product & Service
• RAS Systems
• Instruments and Accessories
• Services
By Application
• Orthopedics
• Neurology
• Urology
• Gynecology
By End User
• Hospitals
• Ambulatory Surgery Centers
Regional Analysis
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o Spain
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o South Korea
o Singapore
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East and Africa
o Saudi Africa
o Saudi Arabia
o UAE

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About P&S Intelligence

P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

This release was published on openPR.