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AI Based Surgical Robots Market Report 2023 - Industry Size, Competition, Trends And Growth Opportunities To 2032
AI Based Surgical Robots Global Market
The Business Research Company's AI Based Surgical Robots Global Market Report 2023 identifies increase in the adoption of technologically advanced robots by surgeons for various applications as the major driver for the AI Based Surgical Robots market's growth in the forecast period. Robots are automated machines that can perform pre-programmed tasks. With the advancement in technology AI technology is also being used to improve, the efficiency, accuracy, and performance of robots. AI-based surgical robots are used in various surgeries and specialties such as neurology, urology, ENT, thoracic surgery, colorectal surgery, and others. According to data published in the JAMA Network, a medical journal published by American Medical Association, open surgery for prostate cancer is being replaced by robotic surgeries as they offer fewer complications and better functional outcomes.
The global AI-based surgical robots market size grew from $4.73 billion in 2022 to $5.63 billion in 2023 at a compound annual growth rate (CAGR) of 19.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global AI-based surgical robots is expected to grow to $10.41 billion in 2027 at a CAGR of 16.6%.
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Major competitors in the AI Based Surgical Robots market are Accuray Incorporated, Intuitive Surgical Inc., Medtronic plc, Medrobotics Corporation, Zimmer Biomet, Stereotaxis Inc.
A key trend in the AI Based Surgical Robots market includes development of new products. Major companies operating in the market are developing new products to strengthen their position in the market. For Instance, Suzhou KangDuo Robot Co., a China-based medical company, launched ""KangDuo Surgical Robot-01 (KD SR 01)"". The device completed a robot-assisted radical pyeloplasty. These surgeries performed by the KD SR 01 required less time and have demonstrated advantages over conventional methods such as laparoscopic surgery.
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The AI Based Surgical Robots market is segmented -
1) By Product: Services, Instrument and Accessories
2) By Application: Orthopedics, Neurology, Urology, Gynecology, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centres
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AI Based Surgical Robots market.
The Business Research Company's "Global AI Based Surgical Robots Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The AI Based Surgical Robots Market Include:
1. Executive Summary
2. Ai Based Surgical Robots Market Characteristics
3. Ai Based Surgical Robots Market Trends And Strategies
4. Ai Based Surgical Robots Market - Macro Economic Scenario
5. Ai Based Surgical Robots Market Size And Growth
……
27. Ai Based Surgical Robots Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ai Based Surgical Robots Market
29. Ai Based Surgical Robots Market Future Outlook And Potential Analysis
30. Appendix
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